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“...margin yearly
becomes narrower. In 1902 it was only 1,370,9122. The difference
was even less noticeable in 1901.
During the first five months of the year the market for raw cotton Raw cotton,
was quiet, owing to continual arrivals of stock, which had a depressing
influence. Matters were not improved by.the unfavourable rates, in
consequence of the fall in silver, of export bills on China. In July
the Cotton Spinners' Association agreed to suspend work four days
and nights every month in all mills till then running on full time.
In August a fair forward business was done in American and
Chinese cotton, but in 11 spot " there was a general drop all round, as
; a result of which several thousand bales were in September reshipped
.from Japan to Bombay and Shanghai. About this time a certain
amount of business was put through for forward delivery, but at
prices much below those ruling at the same period in 1901. In
December the heavy decline in silver almost put a stop to the trade.
(290)...”
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“...remained slack till the end of
the year. In December plague broke out at the Tokio Gassed Yarn
Company's mill. The factory was at once closed. A rise in prices
promptly took place and importers were able to derive benefit from
the passing demand thus caused.
The import of cotton yarns is certain to go on decreasing. Up
to the present time the difficulty has been with gassed yarns, but there
are now three mills of the kind running, one in Tokio, already
mentioned, one at the base of Mount Fuji and one in Osaka. The
capital of the first has been doubled, and the yarn turned out by
these mills is continually increasing in quantity. Last year the
yarn imported was not a third of that imported in 1900. The
total trade in this article showed for the year a decrease of
319,098?. as compared with 1901.
Grey shirtings. Owing to high Manchester prices comparatively little business
was done in grey shirtings at the beginning of the year. In March,
according to the local market report, which, however...”
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“...japan.
7
in ■ Kobe during August and September, and in Yokohama there
was in the latter month a slight demand for prints and velvets.
The year closed with a slightly better prospect all round.
In March there was a small demand for mousselines and blankets Worsted a neb
at Yokohama, followed in the months of June and July by a woollen3-
very good one at Kobe for mousselines. Beyond this, however,
there#was nothing worthy of note in last year's trade in these
articles. The two Japanese mills (mousseline) did very well during
the year.
Heavy arrivals of window glass during March and April induced Window glass,
a period of depression which lasted till October, when stocks
having in the meanwhile been largely reduced an improvement
set in. This continued till December when further big instalments
once again made the market dull. The import of this article was
50,657?. in excess of that in 1901.
In sympathy with the better prices ruling for metals in Europe Metala..
those here for the first...”
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