The Archive · 1938

Junks Coming Back Their Own Old-style Vessels Resume Business on Yangtze

Hankow, Aug. 31.

The scarcity of tri tion facilities is causing a revival of China's centuries' old sailing junk for the evacuation of Hankow's population, Steamers navigating the Yangtze between Hankow and Chungking are so few that over 30,000 refugees from Hankow are still in Ichang, awaiting transportation into Szechuen.

Thousands, more in Hankow cannot find any way of travelling westwards, A novel advertisement appeared in this morning's press. It stated:

"The Szechuen Yangtze Sailing Junk Navigation Company has specially sent 30 large-size sailing junks to Hankow to help transport refugees to Chungking.

"The company guarantees direct sailing, and also arrival at Chungking within two months."—Reuter, Tokyo Stock Market Prices Rise Tokyo, Aug. 31.

Bulls were riding high in the Tokyo Stock Market yesterday as a series of "victory reports" from the China fronts shot up the quotations on the big board.

Inspired by news of the advance on Hankow, brokers went to town. Stocks over a wide front registered one to four yen gains. Leading the advance were speculative shares, rayons, shipping and coal issues.

Buying sentiment was ' further stimulated yesterday by the statement of Lieut.-Gen. Seishiro Itagaki, War Minister, that the Japanese economic fabric would be reconstructed with heavy industries as the

Text read from the printed page and cleaned; old type leaves the occasional error.

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