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“...districts the
prospects are good. Cotton, groundnuts and oil-producing seeds
are in great demand.
General remarks on exports.—During the first and second.quarters
of the year exports showed a falling-off due to the disturbed state
of the country. In June quarter cotton was being held back in the
country districts in consequence of the fall in home prices caused by
the rise in exchange. Holders also hoped for better prices, as the
local crop for the year was suffering from heavy rains. Shanghai
mills were then paying higher prices than the home markets. In
the latter part of the year exports did well. Cotton came down
freely, and the north-western trade recovered confidence. Generally
speaking, exports had a successful year owing to the strength of the
markets both in Europe and America. Prices were strongly upheld
and a good business was done.
Wool trade.—The wool market was strong throughout the year,
America, as usual, taking the bulk of the sheep's wool. The goats'
wool and camels' wool...”
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