The Archive · 1899

INTELLIGENCE

(From Messrs, Noel, Murray & Ca. Piece Goods Trade Report of 19th May.) PIECH GOODS:—The market remains in the same quiet state as mentioned i our last Report, in fact there is even less doing;. Anrericas makes being an absolute blank, and clearances generally are falling off.

The only reason for this must be the disincl toi further in goods before the Settling-day, as the markets in the consuming dist 's_ ure all fairly active and money is easy. Delive also, compare very favourably with last year, many of the more important showing a welcome increase, AMERICAS makes standing out most prominently, especially Sheetings, which seam to be gaining more and more in favour, probably on account of the wider range of qualities that come here now, instead of wi used to be the reps wular standard makes only, the cheaper class of cloth, ap arently, finding the readiest sale in the country. So long as the deliveries in excess of the Imports, as is the case with most of the NGLIsit goods, there should not be much to complain about, and the Citsxest: markets can hardly be blamed for not taking more than is offered.

Business has actually been on a somewhat larger scale than is reported, many transactions. being withheld from publication on account of the terms, as regards Exchan; e anil delivery, etc., being 50 diverse us to make it difficult to give the exact quotations in an'intélligible manner. However, even taking these into account the market could not be called anything but extremely quiet.

A few indents have gone through for special lines, but as a rule home prices are ce much above those ruling here at present the sealers are afraid to operate.

There is still some impediment apparently to the trade in NewcuwasG, but it is very difficult to get at the bottom of it, and it seems have more to do with the mode of financing than anything connected with the market, 'T1zN7s1¥ is going on satisfactorily, though there are persistent rumours to the contrary, made no doubt with an abject, but they are unlikely to have much effect on prices here, if Although fresh orders are very slow in coming in from the River Ports it cannot be said that the trade is ling off there, as cahibe seen'by the deliveries, from which it would appear that the forward purchases made early in the year must have been abnormally large, This would'scem to apply to Nrxavo as well.

Re-exports to the new Ports are commencing to appear in the Daily Returns and will be stated separately in the table on the fourth page as fur as practicable.

There-are no signs as yet of-any giving way in Maxcnesten, the forward engagements of the Manufacturers enabling them to quote such stron; prices that comparatively little is being bought by the natives, whatever the Import houses may be doing on their own tron is a trifle easier, the last quotation bein, 3R0. There is no change in the Astenicay market, prices keeping very firm even for late delivery, in fact Manufacturers of some of the standard Cloths refuse to quote at all.

The Yarn market is dull and drooping, arid lower prices have had to be accepted, even to induce the small amount of*busi ness that is reported. There has been no movement in Cotton during the interval.

Text read from the printed page and cleaned; old type leaves the occasional error.

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