Imperial Valley press., 1936-05-27

peCC LI1dC CHe OnlUeQ OCdJeS
kets temporarily swamped il
tai trade.
Changing conditions in world
trade and exchange. Japan's in
tense preoccupation with COM
mercial strategy in China, steady
extension of the United States re-
ciprocaI trade program, and the
higher import duties to take ef-
feet June 20 on types of cotton
cloth imported chiefly from the
far east, have revived hope among
textile authorities that American
traders henceforth may encounter
less rigorous competition at least
throughout the western hemis-
phere
Boost Shown
Suggesting a turn in the tide,
United States exports OF cotton
cloth in the first four months of
this year were 40, 600 square
yards valued at $3,598,000 compar-
ed with 27,433 900 square yards
valued at $2,924O00 in the CORES
ponding period of 1885. Total ex-
ports of cotton manufactures and
SEM m-imanufactures in the cores
ponding periods We're valued at
$15,743,000 against $l3,334,000
The latest official trade report
from Tokyo said that Japans cot
ton textile exports for the first
quarter of 1886 were 633,000,000
square yards against TOT 100000 in
the same period of 1885. Exports
in March only were 24O,00O0O so.
yards, decline OF 34,000000 COM
pared with March, 1885.
The salient aspect of Japanese
American cotton textiles compe-
tition in recent years was on
price. japanese pieces goods stead
lily underSold American in rival
markets of the orient, latin Amer
lea, and Africa, and the low Jap
anese quotations constrained other
nations also to compete on a low
price basis.
The great drive of Japan for
worldwide cotton textile markets
had its background partly in Bri-
tiSh Indian tariff increases to
benefit a domestic industry the
Chinese boycott, and other special
circumstances existent in early
years OF the world depression.
Yen Drop Aided
These factors literally compelled
Japan to seek new markets, where
in her successful invasion was aid
ed by the depression of the yen.
This country therefore has
aSought international benefits for
wide range of cotton manufac-
tured articles important to Amer
ican industry.
The Cuban treaty reduced or
bound Cuban rates on selected cot
ton fabrics, reduced the rate on
knit fabrics, cotton apparel, hos
iery, shirts, towelling, blankets, and
cotton cordage.
The Belgian pact gave quota in
crease to United States exports
of collars. cuffs, etc, and womens
clothing.
The agreement with Canada i'm
proved the United States cotton
textile exports position by giving
this country right to treatment as
favored as that accorded to any
foreign nation.
The Netherlands pact contained
provisions to assure United States
quotas in Netherland India, an
important rival market with Japan,
on cotton fabrics, cotton and rayon
mixtures, cotton wearing apparel,
hosiery, and shirts.
The pact with Honduras gave the
United States reduced duty on
denim, reduced or bound duties on
articles of wearing apparel, bound
the duties OH cotton hosiery and
cut the rates on cotton shirts. Cot
ton bags were bound on the Hon
duran free list.
The pact with Colombia provid-
ed for reduced or unchanged du-
ties on a wide range of cotton
manufactured products.
The Nicaraguan agreements
bound the rate on cotton hosiery,
and the Guatemalan pact bound
Guatemalan duties ON cotton yarn
fabric, and selected products.
The treaty with France reeStab-
lished NEUTRALITY-SUSPICIOUS. treat
ment for the United States, with
possible effect of stimulating
sales OF certain cotton specialties.
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