Washington, Oct. 28, lished, according to a statement today by Mr. Charles K. Moser, chief of the Far East Section of the Department of Commerce. Mr, Moser hais just completed a study of Oriental_ markets.
"There is an almost universal b lief on the part of foreigners Shanghai," said Mr, Moser, "that extraterritoriality will be complet: ly abolished within five years through sheer force of Chines pressure.
"The only possible exception is the area including Shanghai and extending toward the sea, including the mouths of the Yangtze, but many believe it will disappear there also."
Mr. Moser added that Americans need not expect to sce a large volume of trade developing in China ju the near future, for the reason that "with the cessation of ivi wars. and the restoration of a thing like peaceful conditions, it will be surprising to seo Chinas production of cotton, ard grown of cotton mills, develop faster than anywhere else in the world'
Local industry will thus, so far as the cotton trade is concerned any rate, keep ahead of the Chinese demand, in Mr, Moser's opinion.——United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.