Tokyo, Jan. 16.
Reacting favourably to the designation of Admiral Mitsumasa Yonai the new Premier, the stock exchange registered gains of Y.10 to Y4 over an extensive list yesterday. Irons, rayons, nitrogens led the advance.
Viewing favourably the selection of Admiral Yonai to succeed Gen. Nobuyuki Abe, business men believed that the character of the new Cabinet will depend much on its economic personnel, namely the Ministers of Finance, Commerce and Industry, Agriculture and Forestry, and Communications.
Text read from the printed page and cleaned; old type leaves the occasional error.