Mukden being no longer engaged jin actual warfare the city has resumed its wonted quiet. Business is small, due to the embargo on dealings ig fergpiac, but that of course does not connote a scarcity of money. The official rate of exchange still maintained at fengpiao $2.70 to the yen, whereas the market rate is in the neighbourhood of $3.70. Firms with branches in Shanghai can overcome the embargo by taking advantage] of the facilities offered to remit to Shanghai at favourable terms, but concerns with' no affiliations in Shanghai are rather badly off in respect of getting payments snd their business is practically at a standstill.
The Money Market The embargo on fengpiao is not such that it cannot be evaded. is stated that certain Japanese exchange brokers in the Chinese city Tapanese nat market have been buying fengpiao in the
rates and selling in the Chinese ity at official rates at no small Profit. Attention has been focussed on this procedure by the action of a Chinese policeman who seized £000 yen which a Chinese messenger was carrying for a Japanese broker in the Chinese city' for deposit in @ Japanese bank in the Japanese concession. The Japanese Consul General has protested against the seizure, but far has obtained no satisfaction. Thig incident recalls to mind a similar happening last year when the Chinese police seized $200 which Japanese was carrying out of the city towards the concession, When the Japanese authorities protested they were informed that had they made the facts known a little earlier the matter could have bee adjusted but no remedy remained the money in question had been distributed in awards to the police.
No little interest has been aroused in the arrival here of part of the booty taken by the "Allies" in the neighbourhood of Nankow, and Kalgan. These include a large collection of guns of all sorts and among them are found various imitations of the trench motto employed by the Fengtien forces.
Text read from the printed page and cleaned; old type leaves the occasional error.