OCR Text |
Show oo HEAVY DEMAND FOR PACIFIC BOTTOMS Washington, March 7. Heavy da-mand da-mand for Pacific ocean bottom for East Indian products and scarcity of vessels in the Oriental trade has brought stagnation to certain south China industries that depend on expert ex-pert 'business to the United States, according to consular reports today from Hong Kong Virtually no ordinary ord-inary Chinese merchandise is going forward now to America, It is said. Tho general freight situation in all eastern ports is serious, It is declared. Every warehouse in Hong Kong is jammed with goods awaiting shipment to the United States. Freight rates have been Increased four times with in a month and only the goods in greatest demand are being moved. |