Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-06-10
WORLD SHOWS NO SIGNS
OF EARLY TRADE REVIVAL
England Reports 100000 Uncm.
ploycti and Cotton Industry
Strike Brewing.
GERMANY SHOWS ACTIVITY
Financial Situation Better, Berlin
aa%s-Tokyo Declares Slight "
proVcmcnt = Chilean Economic
conditions Continue Unsettled.
lBy Associated press.I

WASHINGTON. June 9.-WorId eco
monte conditions during May pointed
10 no Immediate general business re-
E''"'' according to the monthly sum
n1hries from it's foreign representa-
ives issued tonight by the Bureau
OF Foreign and Domestic Commerce..
considerable Improvement nnanci-
any was noted in Europe. but trade
ana shipping were dun. with marked
industrial difficulties apparent in
some countries. In the Far East. i'm
rroNcmcnt in conditions was reported
slight. and in South America tho sit
uaiion was declared practically nm
cianScd but with "A less confident tone
TO future PROSPECTS.
Varying conditions in the cotton
markets. abroad were reported. In
Gniries relative to American cotton
were reported TO be increasing in
hcieium. and "A slight Increase in inn
ports was noted in France. stocks
of .Amcricah cotton at ifavrc May 10
totalcd ii7.GO0 bales. and $4,000 bales
were reported ahoat. The cotton mar
kot in Portugal was declared to be
undcrstoclicd, while Il notable de-
crease in the stocks 1f cotton in Great
Britain was observed during the
month These amount 10 $4,000 bales.
as compared to 10000 bales on hand
at the same time l;a; year.
shows ricc-Itcduction T'cn,rnry.
In England during the month a
downward tendency in price was
shown. \ general strike In the cot
ton Industry there is expected. the
report said because OF proposed wagcl
reductions.
Demand for cotton in China was re-
ported dull because Of ovcrs,ockcd
markets. though there was a mntahl. |
increase in tho imports Of cotton-mill
machinery. cotton srindlos and cot
ton yarn, while Chinese and Japanese
investment capital was going into cot
ton mills.
While money is easier in ,;roa,
Britain. tho coal strike has causcl
a general Stagnation of trade AMI in |
dIiiry, tho London report declared
industrial situation probably ras /
nvvcr hccn worse, tho report con-
ttHu'd. with over 2.001.U0o persons
id!" and all industries NOT shut dovn,
operating on Dart time.
Tht Ft,n,h goyernmcn ipJrarS |
satisfied with the success OF the
GOO loan noatcd in the United
states, and feels il will permit pay
mont Of debts previously contracted |
in this coIntrv. the Paris report as
serted. Evidence of "A revival iu
Belgian industries affected 10y Ia"
British coal strike were reported
from Brussels. together with an III
cease in the Imports Of American
foodstuffs and cotton.
Itaiy's FOREIGN Trade i.r>>cn>.
y decreased foreign trade. togcthcr
with an acute industrial crisis result
ing from decreased prices. were re-
sardcd as the outstanding Develop
eNRhfG sn ltgl,s tFr.,. ~. ..,.I |
Splendid crop prospects. however.
wer" reported.
The financial situation appears TO
be improving in Germany. the Berlin |
report declared. hut the industrial
situation is being seriously ~hHlmpcred |
Ivy the SileSiam trouble and consc-
uncnt coal shortage. Marked ac-
tivi;y in establishing agencies In
Austria by British. East Indian and
Japanese interests was noted.
There We're no signs OF improve
inrnt in economic conditions in the
Scandinavian countries. the adviccs
said.
y revival OF Industrial activity IN
China was ons"; ny depressed com
modify markets and Il small silk
crop. according To tho Tehins report,
while economic conditions in Japan
we're said by Tokyo adviccs TO show
only a slight Improvement. though
the financial situation was better.
Except for Improvement in the gov
finances. economic Condi-
tons IN Mexico were reported prac-
tically unchanged.
German competition kecnrr.
Argentine financial conditions were
reported as about the same. but with
"A decrease In commercial failures.
Imports from Great Britain. except
textiles. were observed to he de-
crcasing, and herman competition
was reported kccner