Reports from 12 countries contained in the bulletin of the International Federation of Master Spinners and Manufacturing show that the cotton industry is still in a depressed condition. Japan is. the only country, other than the United States, that "reports a favourable condition. Exports of cotton loth rose from 711,207,000 square yards in the 1928 half year: to 872,181,000 in the 1929 half year in Japan. Exports of cloth during uly, 1929, totalled 39,687,000 square yards more than the output' in July, 1928.
Austria, Brazil, Czecho-Slovakia, Germany, France, Holland, Italy, Hungary, Switzerlang and Great Britian all report, small sales, and a smaller export due to low prices.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.