To the Editor of the "Nowru-Cuwwa Daty News."
Sim,—I have read the article in this morning's issue under the above head: ng and have tried to think whether your writer is a business! man or one connected with jour rialism. If the former, he must have relied on his image' nati on the actual facts; if the latter, it would be as well if he made more careful injuries before going to print, H's first paragraph relating to the advances for pive since the opening of the piece goods market, is inaccurate, and could be cut down by at lerist 50%. Advances have, of course, taken place in the mirkct prices' of piece goods, Velvets have advanced three to five candareens, and from Noel, Murray's Report you will see that for Grrys auvaners tack place from five to Loren tions and for W twenty (9 (wemy five candores Ube as well if your writ venorl view of the marser come isntaied exer, te his second praragras Wold think that waes the Shine' vi sachet was ina bad state dine ere himiew hack to it, and when it ie oct well and height they home their h ays. Such has rt been my exnwvience as T have always found dealers only—too anxious to be on the spot when there isa ps chance of making money, and t> stay away when outlook shad What he says about! the real po- tion not being known until the following week is about the best part of this article.
In the fifth paragraph he let his imagination run away with him entirely when he wrote had they been able to stick out until the end of the year they could have made fortunes.' It might interest him to know that the nett profit made by all desiers interested in piece goods during the past year only amounted to about £60,000 and when you consider the turnover must have been about £3.000.900 you will eve that the idea of making fortunes Piece goods during the past year is very fantastic.
Under the heading of Yarn he states that the complimentary sales amount to 3,000 to 4,000 bales,
Text read from the printed page and cleaned; old type leaves the occasional error.