Tokyo, Dec. 31.
Tokyo, truly iso ity of com: traditions, o& bewildering contradie-
[some time manufacturers have been reducing their inventories of raw] materials because of the persistent fall in consumption, while mer-Jchandise in tus process of manufacture is being subjected to a similar form of reduction. Commercial houses refuse to take anything more than they need for their immediate purposes, while consumers do not} seem to have heart.to buy.
The Gold Embargo one ons, Thi is not merely on the Face, bat deeper down t00. dowTorced-concrete that, with the lifting of the gold has, "There Those who have money declare are splendid buildings side by side with horse: leven if business houses and man Boxes sand cocoon-like dwellings: facturers may have to undergo fork. the|petiod of suffering, prices will at} fany rate have to come down, and
Text read from the printed page and cleaned; old type leaves the occasional error.