The lull continues in Manchuria, but we ate probably on the eve of new develop The Japanese will not overlook i kely to be ho preliminary settlement of peace. As for Kabafuto (Saghalien), ial bulletin issued yesterday roferred to "South Knbafuto" alone, which is now virtually in"he hands of the nese, and the proceedings in North Kubsfuto, if any, are still in darkness to the layman. The navy, however, has already begun patrol operations on' the Primorsky, and the Northern Army being free from Kabafuto, itis believed, though not known definitely, that the operations on the continental extremity of Russ itary will be concluded with dispatch.
The Latest Foreign Loan has been received here with unqualified success, except by those cronkers who always expect the worst from everybody and everything. The relations between the Government and the two great political ties continue to be smooth. Another domestic loan will probably be issued in September next.
Text read from the printed page and cleaned; old type leaves the occasional error.