On behalf of the foreign visitors, Mr. J. B. Powell thanked the com mittee for giving them the opportunity of being present and congratulated the chairman and members of the exchange on the completion of their new building; also the Republic of China upon having such a group of enterprising men as members of the Cotton Exchange. He mentioned that since the Republic was formed, China purchased annual: from abroad cotton goods to the value! of $300,000,000, which, combined with that produced in the country, easily places China in the front rank of the nations of the world; Wh in the consumption of cotton goods; also that China was third in cotton production.
was cordially toasted.
The prosperity of the Exchange;
Text read from the printed page and cleaned; old type leaves the occasional error.