Osaka, Feb, 24.
It is officially announced that after February 29 no licences will be issued by the Japanese govern. ment for the export of cotton yarns of lower counts than 20's. This announcement has completely demoralized the Sampin Exchange. The restrictions on the export of cotton yarn were promulgated on November 13 but licences have been freely granted to merchants declaring that their shipments were contracted for prior to that date. This privilege thas been greatly abused by merchants making false declarations, with the result that stocks for domestic consumption have been depleted and prices have greatly risen.
It is believed that the Government's action is the result of pressure from the Upper House, where measures for the adjustment of the prices of commodities have been strongly demanded.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.