Kahings brought perhaps unpreceden- pri ted prices, Tls. 55 tt being the quotation for No. 1; while Hainings, as in the previous Season, remained neglected. The coarser classes of Taysaam were in fair supply, but shared only slightly in the advance.
The high rates paid in London for matly of the parcels which were hurriedly bought about this time, and sold " to arrive," caused afterwards many disputes when the Silk was delivered, its generally inferior quality leaving mach more room than usual for difference of opinion as to classification.
Throughout Angast, our market romained nearly unchanged, classic Tsatlees advancing about is. 10, while lower grades declined as much." Settlements were 5,500 bales, and total sines Ist June 28,500 bales. Stock reached the large figure of 8,000 bales.
In September, notwithstanding dull advices from London, consequent on very heavy arrivals, prices here showed no change, and 5,000 bales more were settled, making a total in four months of 33,500 bales, or more than the whole of the previous Season's export. It became increasingly.diffieult to get good Silk, the faults of foulness snd mixing being more apparent than over, and this induced many buyers who looked on the fature prospects of silk for a resum: wed a decline about Tis, 20 per pical, but before th close of the month Tls. 10 of this had been recovered. Settlements were 2,500 bales, and stock remained about 4,000 bales. The fluctuations in Silk this month were generally balanced by high and irregular Exchange, and the sterling cost varied only slighty.
Jecember also passed without any noticeable change in prices, and settlements being 3,200 bales, the year closed with settlements since 1st June 42,700 bales, stock 2,500 bales, and prices of Chop No. 3 and of Red Peacock Tsatlees Tls. 590 and 515 respectively.
The result of the year's operations may be summed up tha bales shipped between January and May lost on an average about £10 per bale, say 5 a 10 per cent; about 12,000 bales settled in Jane paid a profit varying from 0 £15 a £5 per bale, averaging also 5a 10 For cent; of 30,700 bales bought between aly and December, fally two-thirds may be taken as sold at about cost rice, while the remainder, showing a loss of 3 a 5 per cent, is generally being held in the expectation of higher ring, after the large stock reduced. anticipations of a large crop this Season have proved correct; the total export for the Season 1871-72 promises to be about 48,000 or possibly 50,000 bales, naturally depending somewhat on the fatare course of our prices.
Text read from the printed page and cleaned; old type leaves the occasional error.