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Savannah, Chatham County, Georgia
What is this article about?
US Consul McIvor in Kanagawa, Japan, urges American cotton exporters to ship directly to Japan, bypassing England, to capture the market and improve trade balance. Japan imports most US cotton via Liverpool due to lower rates; direct shipping could reverse the $14M trade deficit from last year.
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Where did it happen?
Foreign News Details
Primary Location
Kanagawa, Japan
Event Date
Recent Report
Key Persons
Outcome
last year japan sold the united states $17,000,000 worth of goods, and bought from the united states $3,000,000 worth. direct american shipping could improve the balance of trade.
Event Details
Consul McIvor reports that Japan is expanding its cotton manufacturing and prefers American cotton, but imports it via England due to lower shipping rates. He urges American exporters and shippers to collaborate for direct shipments to capture the market and commissions currently going to English interests. US shipping laws hinder American competition by taxing ship purchases.