As a result of the recent investigations conducted by Yuan Taotai, of this port, into the causes of the high price of rice permission has been granted from Peking to sell 200,000 piculs of the old tribute rice, stored here last year in readiness for transport to Peking vid Grand Canal, at reduced prices. This rice was available yesterday at $7.50 per picul, the con-Sequence being an immediate reduction of the rates asked by the dealers, who are now prepared to sell at $3.20 as again-t $9, and more, demanded but a few days ayo. It is intended to still further reduce the rates for the tribute rice, but this will be done gradually, frm day to day, sv as not to inflict sudden and severe' irisses upon the dealers. It is understood that the tribute rice so used will hare to be replaced' from the new crop, which will be available in about two months' time, and it is hoped that by then the prices raling will be nearer the normal than they have been for the last month or so.
Text read from the printed page and cleaned; old type leaves the occasional error.