CHAOS IN SHANGHAI
RUNAWAY INFLATION (11.20 a-m.) SHANGHAI. Feb. 23. The runaway Inflation garnered pace In Shanghai today \\U7i news of further Government reverses in Manchuria. The city’s commodity and finance markets made hourly gains. The American dollar, quoted at 230,000 Chinese dollars on (he black market this morning, touched 270,000 by the evening while the ounce of gold fetched 17,000,000 Chinese dollars—-an increase of 2.500,000 in 48 hours. Foreign and Chinese shares registered 10 to 15 per cent, increases over Saturday’s closing quotations.
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Gisborne Herald, Volume LXXV, Issue 22569, 24 February 1948, Page 5
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84CHAOS IN SHANGHAI Gisborne Herald, Volume LXXV, Issue 22569, 24 February 1948, Page 5
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