Changsha, Sept. 6.
There was a Neavy rainfaliftowards the end of August that caused a rapid rise on the Tzu river and led to. the bursting of an embankment not far from Yiyang. As in all such cases at this time of the year, the bursting of an embankment means the loss of some ungathered crops. The Siang valley has simply had high water and little if any damage has been done. The estimates of the crop are "seven-tenths" of the hypothetical maximum. Consider: ing that three or four tenths of the maximum suffices for the needs of the province, the outlook is good.
The embargo on the export of rice has been raised. This is a cause of help to the farmers. The price of rice when the market is open, must be a fair one. For the past two [years the merchants have been able to pass the harvest season with an embargo on export "to keep the price down "—of course. for the people of Hunan. Then when the farmers have sold at the low price, the embargo has been raised, and the rice merchants only have been able to profit from the "low prices" at which they were able to buy, but which they have been able to raise when they came to sell,
Text read from the printed page and cleaned; old type leaves the occasional error.