Shanghai, July 1 the blows struck at commerce by _-tne present war are being felt by Rusdan merchants no. 1658, keenly qP'aot more so—than by other com-relat interests in, this country, Fora year now trade has declined Eppreclably, the market has become netabilzed, the inflow of revenue Tas with, the commencement. of the Sultry. summer" months diminished, difficulties of import and export have Jneréased and communications with the hinterland are in a state that promliges a long continuance of the Preveat disruption, And most ls-Roncerting of all is the contusion of the exchange. The foregoing iso Faugh indication of the present con-Gition- of trade; the condition of industey is no better—it not worse. /°'Brn'" oldsestabished and" well nite llentele and a once fully ba-weeked russian concerns with, a de> Toneed and stable: budget must today rebuild' on anew basis. But how? 'That is the question. Many. speake fof reducing overhead, but this top often nothing more than a parlia ive it business la. radically" bad, cuts in fainties and purges in. the /Stof can postpone the' saa. though in Tnony eases inevitable end, but can mover do. away with it "hivendy 'Russian businessmen who Lave geon much during the Russian (revolution and civil war, shave gra-'Guoted from the stern school of com:|frereiat competition in. Harbin and I\\hove. for many years carried business in' Shanghal—and who therefore garnered no small mes experience—foresee that. when Grith the commencement of autumn The wheels of commerce will once unin start fo turn, the. circulation \of capital. will suffer a reduction of per cent, oF even 80 per cent.
on last year.
whereas foreign businessmen have hele reserve. funds, their credit their banks and protection from their governments, Russians who are left literally to' their own resources realize {ull well that no one except just received his superannuation fund after long years of service, that businessman who all his lifetime Inid up capital for a rainy day,.that architect or contractor who believes that two or three years will have to pass before conditions enjoyed by Ehanghal up to the August of 1937 Will return—ell these leave. And although their number is comparatively minute, the number of those wishing to leave is much larger. The theme has become the most fashion able in Russian circles, overshadow ing even conversations on summer resorts. Everyone seems to be wishing himself at a respectful distance from the Far East, everyone seems to recollecting friends or, relatives living. somewhere in America—people with whom a correspondence might be started and who may—Who knows?—even send for them. Newspapers have even launched a campaign against this epidemic, which shows—if it does nothing else "that faith among Russians in. the future of Shanghai has suddenly started to fall.
In connection with the fortheoming. celebration of the 950th aniversary of the baptism of Russia Guring the reign of the Tsar-Saint Vladimir, a special committee headed by Bishop Juvenalius has decided to Sesue a publication devoted to the ceeasion and has announced a competition for the best cover-design to be printed in five colours, Medals commemorate the holiday will also be minted according to patterns just received from Belgrade, and little metal ikons will be offered to the public, Medals with the Vladimir Hbbon will be awarded to all who took part in organizing the celebrations or gave material ald. It is also planned to issue one number of newspaper to be called "Holy Russia."
News has been received from San Francisco of the death of MIN. Lojniko who after the revolution fled to Shanghai and worked in the Jocal" British American Tobacco Company for seven years and who in 1990 left for the United States,
Text read from the printed page and cleaned; old type leaves the occasional error.