The stock position is slick and with few exceptions local value have an easier tend ney, with second liliand sales small. Trade in the north has not come up to expectations and merchants find their shipments during July are not moving readily. into consumption, with the result that 'Tientsin is' at the" moment] sending very few repeat orders, Dealers report also less doing for the near markets, owing to increase provincial taxes—these are being opposed, but goods are being held ap pending a settlement.
Text read from the printed page and cleaned; old type leaves the occasional error.