Much Larger Crop Expected to Be Reaped This Year Frost A Conssronex®
Chungking, Aug. 9.
Suining cotton is now produced not only in the district of Suining, but also also near Chungking, Santai, and Slehung. It Is said to be not 30 white as that yielded in Chienchow and Hupeh, but is warmer; the annual production' averages 40,000 bales, Valued at about $1,500,000, but this year, a greater quantity is expected Yo be produced, owing to the cotton experimental station which has been Set up. Reaped between September and. October, the crop's principal market is in eastern Szechuen: at the moment, it sells at some $42 per Targe bale (tea small bales of ten cattles each).
number of large industrial and commercial concerns in Shanghai fare becoming more and more interested in investments in Szechuen. The local press reports that the Bank of Communications, the Shanghai Commercial. & Savings Bank, the Yenlieh Bank, and Ta Lu Bank are all" making preparations to open Chungking branches. A few days ago, Chungking's bankers decided fo abolish the Chungking Bankers Clearing House. Instead, each of the eleven modern banks and the one native bank are to be asked to deposit with the Chungking Bank of China some $250,000 in bonds and a further bank will be responsible for settling all outstanding accounts of member banks on half-month settlement days.
Text read from the printed page and cleaned; old type leaves the occasional error.