The market during the last three weeks has been almost universally dull and declining, as prices have gone up too rapidly and American manufacturers seem determined to work up the two or three months supplies they have got before facing the awaiting Japanese.
There is really no change in the situation. Mamufacturers are as busy as ever, and it is doubtful if supplies will last out until the new season's silk is available, and as 1920 is expected to be another big, or oven bigger, silk year, we may yet see present records broken.
In Lyons, the recent drop in ex change has induced hopes of lower prices, but the local market is quite firm and takes little heed.
Text read from the printed page and cleaned; old type leaves the occasional error.