Tokyo, Aug. 8.
With a last shipment on August 3, all Japanese purchases of Chinese iron ore in the Yangtze valley have ceased, Domei learned here to-day.
Confronted with an iron famine, various firms are now feverishly engaged in acquiring new sources.
The Japan Iron Pipe Ca. was informed by cable yesterday that the New Caledonia authorities were agreeable to their purchase of a mine there owned by French interests. The ore deposits in the New Caledonia property are estimated at 20,000,000 tons, with a yield of from 50 to 60 per cent—Domei.
Text read from the printed page and cleaned; old type leaves the occasional error.