This Year Nanking, Aug. 2%, While'the Ministry of Industeies is busily devising ways and means of boosting the native wheat market lowing to the bumper crops in the Interior this year, prospects are also believed bright for' the Chinese cotton market in view of the present abundant cotton harvest.
According to an estimate of the [Cotton Control Commission, the total yield of cotton for this year is ex-ceted 10 reach 10,870,000. piculs, which is about 5,000,000 piculs. more than that in 1934, Figures for Ho" nan, Shantung and Shansi alone were quoted at 6,000,000 piculs.
Sudiging from the present, indica tions cotton mills in China will prob-Jably absorb about 8,000,000 piculs of cotton, which will Leave a surplus Jot 8,060,000 piculs.
In' view. of the slightly higher Jquotations for Indian cotton and the Increasing demand for raw cotton in [Japan for her growing textile industry, it is generally held that the export of Chinese cotton will be Inereased—Contral News.
Text read from the printed page and cleaned; old type leaves the occasional error.