Show y apt t weathers cott cotton oil U crisi P N 0 a despite many big failures business men hope the worst Is past GAINS FOR AMERICAN TRADE low priced automobiles have effected a conquest so has american chewing gum patent pat ent food products also popular calro cairo lu ariess men in egypt es pt bially fore leners laners pay very little attention to the political situation they aliey admit or of course that the unsettled conditions condition of a year ago as nell cl as tile the general lack of kno knowledge ledge ot of what aliat liat tile the future ii olds holds for egypt eo apt Is a deterrent to free commercial intercourse the chief cause for business busane s worry at this writing ri ting is the decline in cot ton prices plus the hie general intel nn slump in trade the two events coming at the same time work nork wore more than ordinary hardship to the alie business life of egypt one business man mail remartes marLed rem re arted that people in egypt realized that tile trade of the world was nas in a bad state that prices mere falling the whole world oer ond and that there ans A as a general era stagnation in buying but he continued other countries have usually wore more than one industry upon which to exist here in egypt we must live or die at the whim of king cotton this whim is not left in our power to control we grow the cotton and lancashire and manchester as well as your big tire fabric centers at home manipulate the buying price of course every one in egypt with a grain of common sense realizes that the law of supply and demand rules but depending as it does upon one industry the business life of the community la Is more or less left open to unusual perils when that one industry falls bulk of business life this business man was engaged 1 in the wholesale supply of sundries and novelties ills his point of view may be accepted as that of such traders in general those who buy in europe america or japan and import the goods to egypt for local consumption this work constitutes the bulk of the bUS business IDeSS life of the community it Is not dot the greatest in point of wealth bolever no bo wever when one figures the immense amounts involved in the collecting lec ting ginning and exportation of raw cotton egypto normal cotton crop Is handled liand led by about a dozen large british and levantine firms with headquarters in alexandria these latter have been the biggest sufferers but only from lack of some thing to do 10 they rarely i invest their 1110 money fieY in cotton before tile the selling m mit MH it son opens chell the goods come from the field As the drop in cotton prices began almost at the beginning of tills this season the big brokers were thus not caught inith it a great amount ot of stock oil tind hand the merchandise dealers on the contrary continued their buying right up to november and are cea now nov being loaded up with stock it if paid lor for before shipment or with obligations if shipped against documents this Is spelling ruin for some of the largest houses many serious failures have occurred and in cairo alone three department stores have gone into bankruptcy it is the general en opinion that the worst period has passed those who have gone through the crisis either honorably honorably hono y or 0 r dishonorably 11 shon it Is believed 1 lve live to se see another period of fair business weather it Is common talk here that in business morality egut does not compare very favorably etli any other othe r b big I 1 g colonial market apologists f for or the lie country point to the large number or of races engaged in commerce syrians and armenians Armen ians jews from spain russia germany greece smyrna and palestine arabs greeks british americans french and italians all go 90 to make up the commercial life ot of the place it Is a five language country in business first and most important por tant of oe course Is arabic then come french italian greek and english engi digi I 1 Is h |