So great is the importance of the; cotton industry to Shanghai that readers generally will note with interest what is proceeding in Japan. The indications there are that a revival is on the point of taking place, and further that by the end of the season, owing to arrivals of machinery, additional spindles to the number of 150,000 or 160,000 will be at work. In the meantime some of the smaller mills which had closed either wholly or in part owing to: financial difficulties, are opening again, and others are engaging fresh hands. The Japanese paper Mainichi" hints that when the manufactured goods from all these concerns are put on the market there will be a disquieting business situation owing to competition.
Text read from the printed page and cleaned; old type leaves the occasional error.