. Raw silk; a practical hand-book for the buyer . per bale on the same silkwere recorded in one day. Again in 1920, owing to someextraordinary speculation and a false idea that the cropwas exhausted, prices reached seventeen dollars a soon as the demand ceased, the market jumped down,and a decline of ten dollars was recorded in four months,with plenty of silk in stock. The Japanese have always Japan 117 managed to meet the demand, however great. So-calledshortages are usually due to speculation or manipulation. The Question of Stock When one hears about the stock in Japan he may bequo
. Raw silk; a practical hand-book for the buyer . per bale on the same silkwere recorded in one day. Again in 1920, owing to someextraordinary speculation and a false idea that the cropwas exhausted, prices reached seventeen dollars a soon as the demand ceased, the market jumped down,and a decline of ten dollars was recorded in four months,with plenty of silk in stock. The Japanese have always Japan 117 managed to meet the demand, however great. So-calledshortages are usually due to speculation or manipulation. The Question of Stock When one hears about the stock in Japan he may bequoted, say ten thousand bales. That figure is wrong, forit includes only the silk known by the several dealers ofraw silk in Yokohama. Supposing that these dealers showthe figures according to their best knowledge, they neverknow exactly what stock the reelers are carrying in thecountry, and silks that have been offered on a flat anddeclining market quickly disappear as soon as there is afirm tone. And when the reelers refuse to sell, it looks as. Selecting Cocoons ix Japanese Filature Warehouse if there was no silk to be had, hence a reduced the market be weak again, and the stock will comeout larger than ever. Cocoons From China and California We have seen before that in case of extreme want, theJapanese filatures have purchased cocoons from 1918-20 several thousand bales reeled out of Chinesecocoons were shipped to New York. There the cropsare unlimited, and if the mulberry trees were cultivatedto the same extent as in Japan there would be enough :l IS Raw Silk silk produced in China to supply the whole world. How-ever, the Chinese are lazy and they have not yet graspedthe fact that they could make more money out of silk. On the other hand, the Nippons without loss of timehave started raising cocoons in Korea and also in Cali-fornia. There are very few people aware of the fact thata quantity of cocoons raised on the Pacific Coast is sentyearly to Japan a
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