Changing Trend in Business Recently Noticeable: American Staples in the Markets of China Washington, Ju'y 1.
Notwithstanding evonemie eonditions which continue to aitect iuuw cotton as for March. and neatly: trebled sales of automotive products, Greater activity was also exhibited mest every country im the Far East in iron and steel, mineral otis and adversely and the administrative tobacco, all of which tended to out-disturbances in China, and. India, balance some reduction in slugments United States trade with the Far East was encouraging for April, according to the Far East Section of the U. 8. Department of Commerce, China bought 18 per cent, Japan, 37 per cent, and Tia, 3 er cent, more American goods than uring March.
Exports from the United States to China as a whole during Apri 1980, aggregated $10,995,009, a gain of $1,695,000 over the March total of $9,800,000. It was, however, 17 Per cent. below the amount for the corresponding month in 1029. With 8 very few exceptions, there was a meneval increase all along the line of American staples sold to Chinese markets.
Flour, iron and steel and mach-§nery remain practically stationary, ut lumber showed an inevease of 50 per cent,, raw cotton, 25 per cent. and. kerosene, 160 per cent. Addition, China. consumed larger Quantities of paraffin and copper than during the previous month. Imports, from China rose by 3. per fect. from $12,783,000 to $13.1 000.
During April, 1980, the United States: sold Japan tvice as much eat, machiner, 2nd fertilizers.
fal exports of American proditets to Japanese markets wore accordingly increased by $2,776,000 fron $15,559,000 to $18,325,000. This total was, however. approximately. cne-fifth jess than for April, loss attributable in ce measure to the difference in wheat and raw cotton prices. Imports from Japan into " the "United Stites, advanced from. $23,200,000 to $24,423,000.
American trade with India was well maintained. Exports, valued at $3,752,000, were $190,000 greater than fof March, notwithstanding. the disturbed condition of the country for' several months. Machinery, aniline dyes, and canned provisions were the only important, items in which gains were evident Imports from India into the United States declined by 4 per cent. from $10,696,000 to $10,255,000.
Losces experienced in transac tions with "the Netherlands East Indies and the Philippines and smaller amounts each of the
tended to reduce the value of the ing concerned, total exports from the United States to the Far East for the month to $51,458,000. This amount was one Per' cent, Jess than for the March total of $51,992,000. Greater activ-noted in shipnients of raw cotton, lumber, kerosene, and a dyes, was outbalansed by losses iron' and steel, machinery, Wal tobacco and automotive product Compared with April, 192%, ever, when American exports to the Far East amounted to $62, the April, 1930, total represented a less of 24 per cent. This decrease affected every country in the Orient, wt was relatively heavier in the Netherlands East Indies and Ceylon where their purchases of American goods were cat in half. In both instances, the largest tart of the reduction was in the value of automotive products, but the Netherlands East Indies required also less mach. inery and iron and steel for the development of her mineral oil projects. considering the comparative losses between the 1930 and 1929 Periods, due attention should given to the general price declines which are stil taking place as well as to certain changes in trade trends. For instance, due to the world copper situation, extorts of American copper to the Far East for April, 1930, were $70 than for the correspon Reconstruction work has also been completed in Japan and her requirements for lumber and construction iron and steel are accordingly reduced.
Imports from the Orient into the United States during April, 1990, newed inquiry in early August at Tls. 445 ay. Prices were advanced and at the end of the youth Tls. 460 ay. was paid. September was quiet, Tls. 480 ay. Prices slowly: sagged due to lack of inquiry to Tls. 390 ay. in, December, and with bear covering in January, rates were foreed up to Tls. 470 ay. receding Tls. $0 in February. Some fair lines were done in March at Tls. 480 ay. but prices gradually fell away to Ts. 405 ay. recovering to Tis, 440 ay. by end of May.
Yellow Steam Filatures—Shipments are 12,997 piculs against 18, 538 piculs last season.
Mienchew Filatures.—Business was done in June on basis of Tis.
1,090 for Double Extra and Tle. 950 for Extra C, but not much interest was shown' till August, Double Extra Tls. 1,095, Extra CA Tls. 940, Extra D'Tls. 900. A. moderate demand continued into September, prices advancing to Tls. 1,130 Double Extra, Tls. 1,080 Extra B, Tis, 1,050 CA, Tls. 1,090 Axtra Demand fell away and prices came about Tis, 100 lower by the end of December, which with the decline exchange, attracted inquiry, prices advancing in February 10 Tis, 1,140 Double Extra, Tls. 1,040 EA; with the bulk of desirable chops sold out by March, but there is still a fair stock to be carried forward.
Shantung Filatures.—Extra A came at Tis, 1,090, Extea C Tis, 900) in June but there was little demand till late August at Tls. 20 advance. Considerably more interest was shown in September Extra A Tis 1,085, Extra © Tis, 1,030, but apart from' spasmodic purchases now and again, these sorts wore neglected Ull_end of January, Extra A Tis, 1,050, B Tls. 1,000, © Ts. 980 with the latter selling in May at Tls. 900/30, vista we sik, ame Iker: ates ead Xiaea jor Bri Columbia has row 179 ers' institutes, with a vnembership of 6,720, some branches having. each more than 100 members, The National City Bank was expected to ship about Tls. 6,000,000 of gold by the Empress of Canada it from Kobe when it Jeff that port, recently according to an Osaka paper. The conversion has been made by the Osaka branch of the American bank, remained practically uncharged at $85,852,000. With the exception of India, the Philippines and the Nether lands East Indies, every count concerned profited "by increased American purchases, in ratios, ranzing from per cent. for Japan Australia, to 46 per cent, for New Zealand. In contrast with inports from the same source for April, 1920, which totalled. $122.092,000, the total for the 1920 period, $85,- 352,000 was nearly one-third toss. As in the case of exports, chis loss due to reductions in boin price and volume, The United States clit more cocoanut products, wool, goatskins and tea, but less yaw silk, rubber and tin—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.