It is with great pleasure that the Tientsin community accepts the reduction in the price of coal made by the Chinese Engineering and Mining Ca. to $8.50 per ton as against the exorbitant "squeeze" of its agents last year who only dropped from $16 to $10 on the prospect of Japanese coal being put on the market. When the cost of the coal is less than $3.00 at the pit's mouth, even this figure does not give a bad percentage of pro fit when delivered at Tientsin. We are thankful for this appreciative favour on the part of the Company, and hope it may come well out of its snarl. The change in temperature that
Text read from the printed page and cleaned; old type leaves the occasional error.