American unofficial boycott against Japanese goods accounts for about 26 per cent. of the total decrease $52,000,000 in American imports from Japan during the first year of the Sino-Japanese war, declares a writer in the "Far Eastern Survey" of the Institute of Pacific Relations.
Col Henry L. Stimson, secretary of State under President Hoover, who took a strong line against the invasion of Manchuria, is now leading this boycott movement on a national scale.
The remaining loss in trade, adds the Survey, has been caused by the business recession in the United
Text read from the printed page and cleaned; old type leaves the occasional error.