As no tangible solution to relieve the stagnation of the Shanghai market caused by the European war has yet been reached; and as, of the sixty silk filatures established in this port, as many as twenty-one have already suspended operation, Mr. Yang Cheng, the Taoyin of Shanghai, has consulted the members of the committee of the trade, and has devoted most of time for some days past to devise ing means of maintaining the silk industry.
To meet the urgency of the case, both Mr. Shen Lion-fang, member of the Committee representing the filatures, and Mr. Yang Sing-chi, Chairman of the Silk Trade Committee, have each submitted " letter embodying their views and suggestions of @ plan to Mr. Yang, who has forwarded their letters to the Government for approval. The
Text read from the printed page and cleaned; old type leaves the occasional error.