From a business point of view, Chefoo is more or lexs unchanged. The pongee season has not yet arrived and business in that line is, of ce rally quiet. "Orders have, nevertheless, been received and a little business placed, chiefly with London and Australia. There has been for some time past " great demand from the latter niarket for low grade 30 yards goods. About two Years ago this class of pongee! was made in very large quantities. Te was found that there was no! market for the goods and as a result large stocks " accumulated. These wore held until this year, when the price was reduced" by about 60 per cent, in an endeavour to clear the stocks of somewhere about 20,000 to 30,000 pieces. Stocks are now entirely cleared, Australia having bought the majority, whilst America has been slight- K ly interested. No further business can be done at recent price The situation in the hair net! market is unchanged and there is absolutely no business being done The demand from the United States has fallen off entirely, except for extra small sized No immediate revival is anticipated.
Text read from the printed page and cleaned; old type leaves the occasional error.