Judicial inquiry into the recent manipulations on the Chinese cotton yarn market was conducted by Pro-Curator Soong Keng-san, in the First Special District Court yesterday morning, when several witnesses were questioned concerning the leged speculation by Mr. Wu Chi-ting and Mr. Sheng Sheng-yi, Directors of the Internal Revenue Department of the Finance Ministry and of the Consolidated Tax Office for Kiangsu respectively.
The two officials of the Ministry of Finance, who were summoned to Nanking and put under. surveillance in the Ministry's building, were not present in Court. Mr. H. Y. Moh, chairman of the Chinese Cotton Goods Exchange, and several others, including a representative of the Ministry of Industry, which conducted the investigation into maniulations, attended. The inquiry was adjourned sine die.
According to Mr. Moh, prices ior yarn jumped $40 in six weeks. The rapi rise was caused by two factors. rumours of inflation and lack of
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