With bean quotations and freight rates as they are a cargo of beans must bring over £9 10s, if the shipper is to make any profit according to the manager of one of the biggest foreign exporters, This businessman declares that there is a large risk in the export of beans to Europe nowadays. At the same time.£9 10s.-per ion is a large price to obtain, the quotation on June 5 being in the neighbourhood of £9 only. The highest quotation for beans on the European market this year was £10 5s. on April 7, though this price lasted elily for one day, tumbling on the next by several shillings.
Exporters sending beans to Europe at the moment must hope that quotations will be at least £9 10s. when the cargo reaches Europe 40 days or so after leaving Dairen. If the price is round £10 he makes a handsome profit though if it is around £9 he loses heavily.
At that this executive intimated that the price was!not expected to drop to a point where Dairen shipper would sustain losses as there is nothing to indicate that demand would decline, particularly with the trade agreement between Germany and Manchoukuo in operation.
Even if prices for autumn beans drop this will still be a memorable year for this product upon which the fate of the country and its 30.000.000 people partly depends.
Text read from the printed page and cleaned; old type leaves the occasional error.