Nanking, May 23.
Reports of a possible government wood-old monopoly being introduced, which have demoralized the market throughout the Yangize Valley and caused speculators and dealers to sell with heavy losses, were described as Inaccurate to-day by a spokesman of the Ministry of Industries.
"While the Government is paying, close attention to the wood-all dustry," he said. "the Ministry of Industries Is merely interested in improvement of the quality, and will not control the sale. Private firms fare entirely free to engage in the menting on the conclusion of the agreement for purchase of silver from his country, said that China would use the proceeds of the silver sales for its stabilization fund to control and curb fluctuations of the yuan.
Text read from the printed page and cleaned; old type leaves the occasional error.