Adjourned Washington, Sept. 9 At today's meeting here' the Inter. national Cotton Conference decided to adjourn, which step was foreshadowed at inst Tuesday's session.
This decision was taken after if had been decided that a World Export Agreement, as proposed by the Unit. ed States; would be "impracticable" at present because of the war Reuter.
Shs 8 Stone Swift international Exchange Fund Selling At 1-2 13/16
Hongkong, Sept. 11.
The Hongkong Exchange Fund has arranged to sell to the three note-issuing banks here unlimited amounts of sterling at 1-249 and to buy from the three banks at 1-3.
The banks involved are the Hong. kong & Shanghai Bank, the Chartered Bank and the Mereantite Bank, These Danks have undertaken to sell to other banks and to the public at not less than 1-24 and to buy at not more than 1-8s for ready delivery.
The latest published statement of the Exchange Fund, in December 1938, showed "liabilities Wic$191,134.887 which at 1-248 equalled £11,106,606, Sterling assets totalled £13,035,370 which was more than 110 per cent. of Uabilities—United Press, Japan Exports Increase Tokyo, Sept. 11.
From January to the end of August Japan's exports totalled. Yen. 2307. 000,000, an increase of Yen. 5 (000,000 or 21 per cent. over the eorresending period of last year.
Reasons for the increase in exports) were given as: rising prices of raw silk, larger shipments of machinery, lumber and food to yen bloc countries, larger demand for cotton goods.
'Foxes Gul' Sulphur Tobacco Markets Closed Raleigh, N.C, Sept. 11, The tobacco markets in Virginia, and North and South Carolina closed today until further notice, in fan emergency effort to prevent the collapse of prices precipitated by the Bi'crnde ¢ sui withdrawal of European buyers from the southern auction' markets—United Sim. Pacific Ca.
Text read from the printed page and cleaned; old type leaves the occasional error.