The advance recorded since the new year in the price of Japanese rice, notes the "Asahi," has had no effect. on the market for foreign rice, which remains stationary, with no business doing, but Formosan rice has advanced 2 or 3 sen.
It may be noted in this connexion that as a result of using good seed and of the improvements made in the method of cultivating rice in Korea, the harvest there has been increasing year by year. The outturn of rice last year is estimated at about 11,000,000 koku, an increase of some 10 per cent. on the figures for the preceding year. The result of the first crop of Formosan rice
Text read from the printed page and cleaned; old type leaves the occasional error.