We had this brought home two days ago as we saw a Japanese: steamer anchored on the opposite side of the Yangtze to the Tayalt, Tronworks at Shinhueiyao, The present lowness. of water made moor. ing on this side impossible and 30 lighters were necessitated—anothor Only one blast. furnace is instead of two a while ago, At Hanyang it is the same, This is all because of shortage and dearness of coke.
Engi work too. This means another blast furnace out of action, ala matter of grave expense, to re-o Costing thousands of dallas, This is all because the warring tuchuns have cut the communications of Hankow with Honan in. the. north fand Hunan in the south. (To this latter circumstance is due the fact that the price of lump coal in Hans is now $86 a ton and likely: to be more, a bad prospect for Houseolders for the coming) wine ter).
The Hanyehping Company is traly-to be pitied and its employees moro-so. Just as its many misfortunes, were in the way of being retrieved! there comes this blow. Only. 200: tons of pig iron a day are being. turned out at Tayeh and none Hanyang. 400 tons was the daily, output before coke became 80 searce. Now the cost of production threatens to make oven that smaller quantity unmarketable, Money and: yet more money is needed as capital, 'A recent attempt to raise more loans in Hankow resulted in the comparatively small sum of $80,000 being obtained and a high rate of interest has to be found for it. A. meeting of the Board of Directo {is to be held on November 29 wh the capability or otherwise of company to carry on any longer will be disclosed.
Text read from the printed page and cleaned; old type leaves the occasional error.