The trade with China is beginning to revive rapidly. The silver market has settled down and exchange of drafts has been restored akinest to its normal condition.
Great activity has been shown during the last few days, says the "Mainichi" in orders for winter goods for Ohina. In the case of hats and caps, the stocks brought over from last year have been almost entirely cleared off the market and further orders are coming in. If Chinese merchants try to make good the deficit in European goods by orders on Japan, the supply in Japan will probably be insufficient to meet the demand.—Knitted goods are looking up. October is the month of maximum demand for sugar in China, and orders are promising at satisfactory prices. Owing to the delays that have taken place the demand for winter goods is so urgent that many are being sent by rail vid Antung, and even by parcel post. 'A significant fact, proceeds the Osaka paper, is that the Chinese buyers are beginning to insist on quality, whereas formerly a low price was all they cared for. This is taken as a sign that Japanese substitutes are being sought for European goods. So far the de-has been more noticeable in north and south China than along te Yangtze valley.
Text read from the printed page and cleaned; old type leaves the occasional error.