Japanese silk men have received a warning that unless artificially-created fluctuations on the silk exchange in Yokohama cease, Ame:- ican silk men will turn to China fcr their purchases of the raw mat-enol. The warning was brought to Japan by Mr. Uchida, a member of the House of Peers, and a, former Vice-Minister of Communications, who said that American manufacturers, in conversation with him, expressed unfeigned impatience at the, local gambling on the silk market, which greatly impeded the business of silk men in America. Silk men a¢ross the Pacific, Mr. Uchida said, all want standard prices to prevail, and unless the Japanese silk men awaken to this demand of their best customer, China will be invited to supply the needs of silk rep in the United States and Canada.
Mr. Uchida. lays special emphasis oni the fact that the silk export trade forms the backbone of Japan's export business and in fact contributes more than any other single thing to this country's prosperity. Tt would be foolish then, he argues, not to seek to satisfy good custom. ers who are not.asking Japan to undersell. but are not willing to ray artificially-stimulated prices that change at the whim and fancy of the gamblers on the silk exchange at Yokohama. "I was well treated in America," he told silk men here, "but with their characteristic bluntness and straightforwardness, the American manufacturers also hinted strongly that, unless dishonesty is eliminated in the silk business, American silk men will have no other alternative than to apply to China for raw silk that is now bought in Japan. This hint T am passing on to you:?"
Text read from the printed page and cleaned; old type leaves the occasional error.