The Archive · 1922

Canton Trade Boom

the trade of Canton during. last An American consular report on

year asserts that most encouraging revivals in the foreign import trade were shown by cotton piece goods,. machinery, dyes, kerosene, iron and steel. The continued advance, both in the importation and exportation of native cotton piece goods, is significant of the increasing extent to which the Chinese are making their own cotton goods. The increases in the importation of native foodstuffs appears to indicate a maintenance or increase in the standard. of living and of general economic prosperity.

The most encouraging aspect of the export trade.was the increase in leather, firecrackers, cotton piece goods, tobacco leaf, matches and tea, which, taken together, bulk large in Canton's. export trade. The most serious decreases in export were in mats and matting, cassia, sugar, hides and human hair, all of which arg important commodities in the trade. Prospects early on were good for trade in general and there seemed to be every indication that Canton would at least hold ita own during this year of depression.

Text read from the printed page and cleaned; old type leaves the occasional error.

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