Economic and Industrial io General Decline During the month ender review the whole motion was lickd in sus pense by preparations for the forth~ coming coronation ceremonies to weld at Kyoto i ner. view of thes preparats happy event some Industrial eetivity was in evidence especially. the Kyoto district accompanied by rise in the price of several com 'The sreneral wholesale index of prices, however, experi factionary decline, the of 176313 comparing w the previous month. 'The decline was entirely due to recession in consumers' goods which showed] fully ten points lower than September. Producers' gos, on the contrary, rose sharply from 167.89 to] 173.86.
Rice contributed most heavily to the general decline, quite contrary ty the tendency witnessed during the previous month. A. slight. de-cling was also aca in suzer, wheat, tea and steel. "A considerable vise in quotations for cotton yarn, er and raw silk failed to counter-lance the downward movement during the month.
The retail price index, which showed an upward turn in Septem-Qer, further advanced by three points to 187.88, the highest figare Since the be} of this thus regaining the high level ott October, 1927. The greatest. vise was seen in cotton and ilk goats, The exchange rate, wich Wad Hoverad ata little below $16 since the callier part of September, rose! wharply towards the mbldle of eto Twer ad reached $47.50 on the 26¢h. Pho ainkden part fact ni portant interests are row favoring return ts the guid standard, Bankers in Toi Onaka passed and submittal to Minister of Binance a joint rowly tion calling for the immediate moval of the gold embaryr. A actionary decline ts $17 set in at the end of the month.
Rice quotations, which turned downward since the eacher part September owing to. satisfactory weather, further weakened after the beginning of October when al favourable preliminary estivaate of this. year's tice crop was ofliclally faoned, The quotation for mid line pot delivery, declined Crom Yui2.
the beginning of the month to 'Y.20.20 towards the close of October, The average was Y.H053, as against Y.8337 for the previous month and Y3486 a year ago, Rave silk showed a further ite] vance, following the rising tendency, of quotations after the midille September, On October, 22nd yule" spot reached Yl.400, the higeheat figure since July: last' year. 'The average quotations for' the month stood at ed decrease in this your's fund increased experts were the main strength in quotati Suficiently pronounced to overnie the handieay vf a rising exchange tate. The average quotation dir ing October for S49R for the prev $5.16 a year ayo.
'New York for the whole last' was, however, much higher st the total exports in 1827 amounting to more than 520,000. bales, the largest. record ever reached. view of these circumstances, the eventual abolition of the gold hhargo and the consequent return to par of the exchange rate is mot pected to cause any definite reduetion of the price level of raw sk.
Text read from the printed page and cleaned; old type leaves the occasional error.