The following notes on the trade of Mukden are taken from the report of the Commissioner of Customs for 1920:—
In the earlier months of the year it seemed that the 1919 record of prosperity would be maintained during 1920; but in due course the effects of the general wave of trade depression were felt locally, and, although no business failures on a large scale are reported, a general slump in local trade occurred, due in large measure to the rise in the value of the Japanese gold yen and ta the stagnation of the export trade. Chinese firms dealing in Japanese miscellaneous goods have been heavy losers. goods ordered wholesale on credit at the lower silver figure of a year ago having to be paid for at the current high rates.
Text read from the printed page and cleaned; old type leaves the occasional error.