There are about i0 cotton seed oil mills besides a ese number of cotton oil mills are found in Shang-native mills in Chi Most of the
hai. These mills get their raw material from cotton mills and from ecountrvinen who still keep gins themselves, Sometimes cotton seed is brought to Shanghai from Han kow and Tientsin.
All the cotton oil mills can. pro. duce refined vil. But, so far as 1 know, there is only one mill in Shanghai which can produce bleached oil. As the demand for bleached cif in China is not great, there is no desire on the part of oil busi ness men to bleach cotton themselves. often seed cake produced native mills is good for feeding cows and cattle, hut that which is prosluced in oil mills st Shanghai and other places is almost all exported to Japan as fertilizer, Refined cotton oil is used by the Chin ese for eating purpose, as is bean groundnut ai). But about 30 per cent. of the cotton oil manufactured in China is exported to Europe and America, to be bleached and turned into lard, butter and many other things.
Home or Foreign Market. ing the three kinds of s together, it seems to iter that bean oil business is the most lucrative one in China, he-cause its products, oil and cake. can both be sold within the hound daries of the country. As for groundnut and cotton seed cake, there is little demand in China, and people who are engaged in cotton oil and groundnut oil business have to find their market in Japan. And at any time when there is financial depression in that country, as has happened this year, the market is closed and business almost comes to a standstill.
The number of oil mills in China is increasing every year. Not only are new ones being put up, but old ones are expanding and enlarging. There is a v big oil mill in Shanghai which can extract oil from cotton seed as well as from groundnut and bean and can produce about 1,000 piculs of oil each The future of the oil business in the coming season is hopeful, because by the financial depression in Japan will probably be over, and the demand for oil in Europe and America will incre; At any rate this is the hope which the oil business men have in their mind.
Text read from the printed page and cleaned; old type leaves the occasional error.