Monetary stringency is the main cause of the setback that has taken place in the piece goods trade this week, This setback, however, of very little importance, as con. ditions generally with regard to the trade are hopeful. Clearances, however, have been satisfactory on the whole. At the Yuen Fong auctions there was a general weakness all round, even Black Italians having been weak. Slightly decreased quantities were put up at the auction; and on the whole the market wns very dull. At the Kung Bing
Text read from the printed page and cleaned; old type leaves the occasional error.