Downward Tendency of Fengpiao Likely to be Accelerated Mukien, Nov. 26.
Strange as it may appear, the unuistal mildness of the weather hero has contributed to the depreciation of the local currency. In many districts the movement the crops to the markets does not commence until the rouds are frozen over, but this year that condition has been delayed, with the result that the transportation, at least in South Manchuria, has not yet begun, Fengpiao already shows a down ward tendency. In relation to. yen tke recent quotations are $4.08, $4.10, $4.22, and $4.25. The proposed campaign will involve a further heavy drain upon the finances of Manchuria and an enormous depre-ion of fengpiao. Business ix practically stagnant again. Every: ing is_dependent upon. fengpiao which will act ard re-act in accord ith, the policy-of Marshal Chang Mukien has been cleared out of all freigist ears, which have been oned to convey troops, munitions, and supplies to Tientsin and further afield. Tt is understood that Marshal Chang is having ear collected at Tientsin for return Mulden for further supplies.
General Sutton leaves. to-mo: row for Peking-—Reuter AcaIN the Chinese authorities have issued an order forbidding the assembly of, secret meetings of any kind whatever and threaten the promoters of these with immediate arrest if they are found.
Text read from the printed page and cleaned; old type leaves the occasional error.