The currency complications which! have arisen in Manchuria have ten been referred to in these re-
Recently a Currency Unition Conference was by the provi Three Eastern Provinces, at which the Commissioners of Finance ani influent was dei to the readjustment of Mauch currency problems. The principal resolutions adopted by the _conference were: (a) For the purpose of redeeming the heavily _depre-Jciated paper money (Feng-piao and tao) the Government intends to fseue dollar notes (big money) to) the extent of %$18,000,000. Of The past week hss been the most Gopressing one in the Piece "Go>'s trade that has been experienced for: a very considerable time. Most suming markets appear to be! competely demoralized, what with extremely: difficult communication, with the North coupled with the present military situation, dealers have gone into their shells and refrain from making quiries for any goods. It useless trying to force goods on to unwilling" market. What business has been done has been on a. very restricted scale, the few lines eagerly required in small quanti showed steadiness in rates, but general buying rates had a sharp fall, There are no signs of replace costs receding, and with stocks in almost all markets gradually bcreduced to a fine point som material reaction surely must set!
provided the political state of country and transportation arrangements do net actually preverc trading.
Cotton, Yarn,.cte.
The official Bureau crop report published at Washington on October 8 gave the condition ax 54.2 per cent, of normal, indicating a crop of 12,678,000 bales or 14,000 bales Jess than estimated a month ago. This news had the effect of sen dire the market up some 60 points but. Thursday's quotations -(Octdber U3) remained approximately the same
Text read from the printed page and cleaned; old type leaves the occasional error.