Nanking and the "Truce": Favourable Effect on Shanghai Markets at Reports of "Peace" Moves Frost Cor Owx The improvement in thi Peking, May 20, situation which had been noticeable in the last few days suddenly ended jo-day, following an attack by a young Chinese upon a sentry outside the Japanese barracks in the Legation Quarter. The utmost tension prevails thi evening. It is feared that reactionary elements may a local rising any moment, size the opportunity for APORTS during the past feck indicated that the northern officials and people general liy_as reflected from local news-aper editorials and opinions generally prevailing, that there is a strong and growing desire 10 come to some arrangement for the cessation of hostilities and 'a stabilisation of political uncertainties. News of peace feelers re-acted at once on the Shanghai market which did considerable business at the renewal of confidence.
As trading centres in the north, such as Tientsin and Peking have done practically no business during the considerable time the host ries have lasted, the view was expressed in Shanghai business circles that should a truce properly be effected, much business would be done with the north in all Hines inthe nature of necessities, Meanwhile the "truce and peace es" have been officially discounted in some Chinese quarters which strenuously dissociate themselves with any such attempts, and in Japanese circles which repeatedly affirm the need for tangible assurances of Chinese sincerity before negotiations can effectively take place. The evacuation of Chinese troops, part of the Japanese stipulations, was the last reported move taking place, The sequence of events during the past week is dealt with in the news from the outports section.
Nanking, May 18.
In an interview to-day, General]
Huang's principal duty as the chairman of Peking Political Council is Washington, May 17.
'Mr. T. V. Soong, Chinese Minister of Finance, who is at present Washington, appealed to the United States to-day to be tolerant of the confusion in China and to bear in mind that the transition from monarchy to democracy is a slow' process.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.