In a telegram on Tuesday Reuter quoted "The 'Limes' upon the adverse effect on trade of the financial and economic conditions at present prevailing in Europe. Something of the kind has been looming up for the past two or three months, and the latest developments have had little or a0 effect on the business situation bwega China and Burope. Last year, when manufacturing countries such us Great Britain were replenishing their denuded stocks of raw material, exports from this and other countries were in very great demand. Not only were they purchased on behalf of Great Britain, but also many consignments were bought in the belief that the Central Powers would at no distant date come into the market. This, as a matter of fact, has not so far occurred, and asa consequence in some directions the purchasing countries are to-day overstocked.
As a natural result the present year has been a very dull one for exports, but recently there has been some evidence of demand from Home. Up to the present the quotations at Home have been much below the figures demanded by holders of stocks in China, but here and there appearances ' suggested that it might be possible to do business. At the same time Home agents warned firms here to be chary of purchasing on the terms offered in China in the hope of a rise in the European market. It is of interest to note that in spite of the appearance upon the scene of the Polish crisis, disorganizing afresh as it has done the exchanges of Europe, inquiries from
Text read from the printed page and cleaned; old type leaves the occasional error.