Investigations into the alleged cotton manipulations of Messrs. Wu Chiting and Sheng Shen-yi, respectively Cirector of the internal revenue department and of the consolidated tax bureau, were almost brought to a conclusion by Procurator Soong Keng-san of the First Special District Court yesterday when the questioning of all witnesses was completed. 1f not necessary, no more session would Lo held, Procurator Soong said at the end of yesterday's hearing. The decision was reserved, however, as to whether the evidence would be sufücient to justify legal proceedings against the two officials or otherwise, Both Messrs. Wu and Sheng we questioned again yesterday and again both emphatically denied having been involved in the alleged speculations and manipulations in cotton and yarn. They told the Procurator that they had never had transactions on the market, and requested that impartial inquiries be conducted so as to uphold righteousness, Their statements were followed by those of their respective lawyers who said that the evidence being far from sufficient, no legal proceedings should be. instituted against their clients, Mr. Sheng edded that, having lived separately from his brothers and sisters, he had no knowledge whether two of his sisters had had any transactions on the cotton yarn market.
Text read from the printed page and cleaned; old type leaves the occasional error.