in China We have received what described as the final declaration of the seventh National Foreixa In view of the different opinions current upon the prospects of lower Prices, the following view, expressed by the National Park Bank of New York in its circular of June 15, will be of interest; The price cutting campaign launched by some of the largest department stores is reducing the cost of merchandise and leading to increased consumption throughout the country. It has been conducted so far almost exclusively at the expense of the retailer, who in order to reduce his stocks of merchandise has announced special sales at exceptional values. Through this means within the last 30 days there has been an immense absorption of merchandise by the public and the movement is still in full swing with indications that it will ultimately be effective in lowering manufactur-
Tradel Convention which recently concluded its Tuded. it sti in Ss: ing costs. sittings in San we Britain's Growing Industrial
Text read from the printed page and cleaned; old type leaves the occasional error.