Shanghai, Oct. 12.
The building of another industrial plant always seems to be a good counterbalance for new houses and Apartments, The Eastern district is mentioned frequently on account of new factories being built and only last week the largest permit in this district was for a group of foreign residences which will be welcomed by "men employed in this section, and will balance the home against the employment.
This week the big permit for new building is inthe Eastern District, and it is big. Tt is for a large cotton mill, with godown and boiler house, the total value of the new buildings alone will be around a million and half. Of course the necessary machinery will add much to the value fof the total investment, This new plant "will cover an entire block, Bounded by the following roads. Yangtszepoo, Tinghat, Lianchow and Neikiang Rds. which are very near the Point, Other permits in the Eastern district are the following:—
Off Chinsha Road Ext—a wooden jetty on the Whangpoo.
Off Kueiyang and Hochien Roads, additional offices, store room, and Packing room for a rubber factory. Of East Yuhang Road, West of acting Road, offices and work shed. On Dixwell "Road, between Broadway and East Seward Roads, al-fetations to a godown. the Western District On Park and Tsingtao Roads, alerations to three foreign shops. Bubbling Well Road, a little west of Medhurst Road, a one storey shop. Comer of Ferry and Penang Roads, eight Chinese "bungalows with entrance gates. Penang Road, East of Ferry Road, two Chinese bunga-Tows.
Owing, to the rapid rise in exchange China silks are becoming less and ess. interesting to foreign buyfers and the demand is therefore nil. Enquiries from local consumers have also decreased during the past week, but holders do not as yet show much willingness to induce business by offering lower prices.
Text read from the printed page and cleaned; old type leaves the occasional error.