The Archive · 1930

Serious Plight of Silk Industry

a in Kiangsu and Chekiang, the silk industry going from bad to worse this year. In addition to the heavy losses sustained during the first half of the year due to shortage of the coon supply and the consequent appreciation in the price of cocons, as well as the stagnant export "market, silk manufacturers have been thrown into despair by the failure of the autumn eceoon crop.

The present season's cocoons, is stated, are abnormally inferior quality owing largely to adv weather conditions, Cocoons bought from Wusih farmers are reported to be especially bad; more than 2,700 catties of the better grade and as much as 3,000 catties of the poorer quality being needed for the production of a hare 100 catties of god raw silk, Silk merchants are said to be most reluctant to buy, even though the price has been dropping steadily to as low as $20. or $30. for 100 catties of cocoons.

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

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