Information was received last Friday from an unimpeachable: source in Mukden, to the effect that, although Marshal Chang Tso-lin has not definitely decided on hostilities, there is no doubt that active preparations are going on. Troops are} being concentrated southwards. Marshal Chang hus lately made very; large purchases of certain stores.
The small coin notes (Marshal Chang's own currency) have recede ed in the past 10 days from 160 to 207 and are expected to go lower.
Peking, Sept. 5.
'A Consular telegram from Mukden, in reply to an official inquiry, states that the letter of Marshal Chang Tso-lin to President Tsao Kun did not contain threats such as) were published by the Kuo Wen News Agency.
Reports from Mukden say that} while the Army of Marshal Chang Tso-lin is probably prepared march at short notice, there has been nothing to indicate his intention to take the field in the neary future, The Tuchuns of Kirin and Hei-_ sungkiang have attended " conference at Mukden and left for hon Septefaber 3—Reuter's Picific Service.
Text read from the printed page and cleaned; old type leaves the occasional error.