Increase of Acreage Planted in China for the Present Season The "North-China Herald" indebted to the courtesy of Messrs. J. Spunt & Ca. for the following review of the cotton. trade for the season 1932-8:—China Cotton Crop:—From informations to hand thus far, the acreage planted to cotton for the season 1932/38 shows an increase of about 17 per cent. dnd the estimated yield points to an increase of about 26 per cent. The figures are as follows: Acreage '81,697,779 mow 1981-82,
Total crop 399,780 bales wing the acreage alled the Lec Sing Cotton Mill and the other a Changchow called the Dah Cheng No. 2 Mill. While there has been a decrease of four JJapanese owned mills, such has in Ino way effected the- number of spindles which in fact shows an.
ierease as above stated of 182,108 Jspindles and the said decrease was brought about by the former Chung Yuan No. 1 to 5 mills in the 1992-33 Acreage Total crop and yield 37,079,835 mow '80943865 bales 1,988, Chekiang Total ST 079895 2183 8,094,868 9,697, The outturn of the crop for the your under review may be said on the: whole" much better" than. the 20 district having been sold to the receding year, especially in Kiang Kono Dah Cotton Mill as No. 5 ssu, Hunan and Chekiang Cotton Trade provinces, "he qualities of Shang During the early part of the vai and Tungchow cotton this year year, the price of spot Shensi cotton turned out to be of a more desitruled high at around 35 per picul able, grade than the other growths Which is attributable to the fight China "and," therefore, spi displayed more int receipts from the interior markets, as far as we can percent. of th have been marketed. worthy that. there Tes cotton adulteration than in the pre ceding years due to stringent mea sures having been adopted by' the Government" authorities and there is still more room left for im: reibourine freien Japan' and Shanghai, "and. "prices dea hongkong) ports were provement in this direction it would well for the Government authori-sharply ies to bring more pressure to bear 14 resulting' in a. record. low rate on this vicious habit so as to have which has mot been experienced for ted and in such thong years in the past, manner permit the natural moisture evolving the natural virtues of Such weakness may be ascribed the fibre. tothe following factors. (1) heavy lamp im Ametfcan, market. due to We may mention that the produc~ over-production monetary tion of cotton in China is as yet far from meeting the requi of agencies created" by the Sino-Il the sullls in China and it is hoped Japanese crisis (3) heavy importa tions of American cotton again Pinot the Government authorities will Dreviows contracts (3). severe. dedo everything possible to encourage Pression in the mills" manufactures the farmers to increase their acre-ud. (8), anay offerings by farmers age to the planting of cotton and the interior due fo. the seri the greater the yield the more infering from Soods and famine ecutive there will be in promoting many "st the. provinces. However the spinning industries in China.
It is regrettable to have to record luring the early" part of August that the mills in general have not, owing: to the bullish American Gov fon the whole, been working on a ferment. cotton crop report, prices remunerative basis during the year there. advanced from 6 old cents under review, 'Though the native {o'220 gold cents for middling spot, tthich gave am. impetus, to. China mills obtained better prices, during ton trid prices here advanced to y part of the year, on their "bo,10 per picul, During' the manufactured products die to the boycott of Japanese yarns, such, period from September to. Novern= Bor in sympathy with U. 8. Govern however, was short lived and_ prac: iment" bearish "reports," owing tically' ceased soon after the Japan-Better weather conditions, and me ese spindles had resumed working.
Furthermore owing to the continu.
Greased cotton crop, coupled. with political "disturbances coupled the world's low" ensumpt with' the general deplorable situa Reavy reaction took place and prices tion which evolved after the Sino-declined about 250 points, aod our market responded. accordingly and Japanese crisis the very meagre demand from interior marts brought prices receded from. Tia, 3.70. in about considerable declines ix the Rugust to Tls. 29,75, During the months of November and. Decem-yarn markets while the declines in ithe values of raw cotton for, although the American misrnet at all commensurate with those re-Foniained tu a. weakish aspect the focal market showed firmness due te gistering on. the mills' output. therefore in the latter paxt of the the following reasons:—the. record ow tates of silver exchange which year spinners in general were snaking hardly, any profit on. their stricted. the importations of the products and the major portion of Foreign. staple, speculators, buying the mills may be said to have been find heavy puvchaees of indigenous working at a loss, culminating at growth. by Japanese, and prices the end of the year with two mills Eoqinued me sandy to. frm being reduced to liquidation. while dirtetion at) the close of the tivo more mills continued working year around "34, cumstances, Dut under very strained financial eit-Yarn Trade spot yarn transacted Below follows a list, she the jar the year under review number of mills, spindleage and amounted to 362,482 bales looms and their respective national against 540,065 bales in 1981. The ownership. operating in China during the year 1982.
1982 Mills Spindies Bt 2,130,790 Sanda at Yana Batigh "owned 0. 3. 7atofei0
Total 133 Spouse 981 Looms Mills Spindles Looms 20509 82) 2499994 17 018 19306 45 18e1z80 14,082 2e0r B "tongs 2480 42506 190" 4,480,902 33,580 swilt"be seen that. there. has. been thone the your 1991 Comparing the above figures with
fan increase. in both spindlenge and looms and namely 231,596 spindles and 3,581 looms under ese ownership, 182,108 spindles and BBE loots under Japanese owner ip and 1,382 spindles and 311 forma under British ownership. Te Jabove figures do not include direct shipments made by spinners. During the first part of account of the strong demand from South China against limited stocks locally which was brought by. the decreased production of yarn duri
with the boycott of Japanese yarns, "Sino-Japanese ris, "coon also to be noted on comparing: the prices advanced sharply, and the umber of Chinese owned mills tht there is an increase of two mil for the year under review which "accounted for by the erection of highest touched in Feb./Mar. was These favourable conditions, however, did not continue for any
Text read from the printed page and cleaned; old type leaves the occasional error.