Exchange Tokyo, Jan. 16.
Reacting favourably to the designation of Admiral Mitsumasa'Yonat as the now Premier, the stock exchange registered gains of ¥.10 to Y4 over fan extensive ist. yesterday. Irons, rayons, nitrogens led the advance, Viewing favourably the selection of Admiral "Yeni 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 Finance, ' Commerce and Industry, Agriculture and Forestry, and Com: munications Business men had hoped that Prince Ayamaro Konoye would undertake the task of forming a Cabinet, but after his refusal they admitted' that Admiral Yonai perhaps would make the "second best Premier."
Admiral Yonai's sound judgment and his freedom from party. ail tions were considered advantages.—Domei.
Text read from the printed page and cleaned; old type leaves the occasional error.