(From Messrs. Noil, Murray & Ca. Piece Goods Trade Report of Lith May:)
The market may be described es decidedly active for the time of the year, a large business being again. reported, in'which Anznicax goods continue to hold the premier position. Not only have almost all the available supplies here of these makes been bought but also shipments near at hand, and fresh purchases are "reported fiom New York.to w very. large extent. It is almost impossible to gauge the actual size of the business, however, as some Importers are under the mistaken iden that it is to their advantage to try and conceal what they are doing, whereas it seems to us that the knowledge of large purchases having. been made for this market might deter others from going in, and thus-prevent the tendency to overtrade that has been such 8 prominent feature with these goods during the past year or two. Several firms are kept fairly well posted as to what is being bought on the New Yorx market for this have a more accurate idea of what is actually coming forward. In MaxcusstEn makes the demand has been fairly general for all grades itis, 0 no harm could be dove in reporting the aggregate quantity settled each week, and thus of Shirtings and a moderate business is reported at gradually hardening rates, but still below the cost of replacing; the heavy makes of Drills and Sheetings, with exception of a few favourite chops of the former, seem to be quite out of it.
Clearances of all goods are keeping up wonderfully well. Favourable advices continue to come in from most of the Outports, the Northern markets particularly being in much more flourishing condition, from all accounts. Diquieting news has been received of rioting in some of the Upper has been done yet, however, it shows that the innovation will not be introduced without some little trouble. The Tea markets Nangteze Ports, which is supposed to be the outcome of the proposed new. system of collecting the Lekin Tax, but, no serious harm have been opened in Haxxow and Krcgiaxo and high prices are being paid for the leaf.
Advices from Maxcuesten for the most part are very strong, though only a limited business is going through. There-is a fair amount of enquiry, but prices are too low to induce manufacturers to sell. "The Export is keeping up, being 21,000,000 yards for the last fortnight, but this may include one or two steamers that sailed at the close of April, as Reuter's totals for last month. were considerably in excess of the figures wired privately.. Cotton, which showed a slightly weaker tendency during the week, has recovered to the in both Sheetings and Drills Jast quotation we gave, 343d. The: market in. New York is decidedly higher, but nevertheless a large business has. been put through The Yarn market generally is very quiet both for the imported and local spinnings. Cotton is very strong, holders now asking Tls. 17.00 for best Machine Ginned. An attempt is evidently being made to corner the local Mills, bub-aa best Ixpraw. Cotton, fully equal to the native staple, can be imported st $15.50 it is not likely to succeed.
Text read from the printed page and cleaned; old type leaves the occasional error.