Ju this connection, the varnacuier press says that, though a series of lorders have been issued by the [National Government for the substitution of foreign products by those of Chinese make, people éontinue to use foreign materials for [their clothing. "A number of Chinese merchants, therefore, have established factories for the manutncture of woolen products in diferent centres compete with foreigners.
factain one Hesiin a he mont successful and its serge aid to be equal, if mot superior, that which comes from foreign countries, The founder of this firm a returned sident, who had to overcome many Siiculties before finally succeeded in organizing his company.
Likewise, two successful Chi owned woollen goods weaving factories have been organized, res: Peetively, in Shanghai and livin, and smaller companies have been started in. other plac The Chinese press concludes. by expressing the hope that the Chinese silk industry will regain its former position and that the Chinese woollen floods industry will develop to such 8 degree that there will be no more room for foreign wooly on the Chinese market, New Yorx, Nov, 20,—The Petroleum Institute toa lay submitted a report on all production for the week ending November 26, showing a daily average production of 2,620,000 barrels as against 2,031,000 barrels for the previous period.—United ress, Gividend will total Ts. 2 this would sorb Ts, 180,00, plas of coatve preference dividend
Text read from the printed page and cleaned; old type leaves the occasional error.