The piece goods market is usually ered to be @ sort of barometer ing China trade conditions and the general tone of this most sensitive of markets: this week may be described as cheerful and strong. Piece goods merchants do not seem to be worrying about reports and rumours of impending troubles, and orders are coming in most satisfactorily from Tientsin, which is usually a sani and from the River ports and Changsha, which sections have had good crops. The tone of the market Inst week was bright, but this week it is even brighter, and to use the words of the piece goods manager of one hong "it is a gond marke', indeed."
Some cancellations of orders are reported from Szechuan, which indicate that dealers in that province are exercising care and that they are nervously" guarding against the possibility that the outbreak in Yunnan may spread to neighbouring Provinces, but on the whole, and considering that this is holiday week, the prevailing feeling is one of confidence.
Stocks are reported to be held, in some quarters, pending further higher advances that sure to come, and arri Home are small. There is in circulation to the effect as the from sunken N.Y. K. Yasaka Maru carried 10,000 pigs, but the figures need confirmation.
Yuenfong:—At this auction on Thursday some 1,300 packages were offered, which is about 150 more than last week, and orders were brisk under steadily advancing prices Greys were up four mace, whites six mace, and blacks one and three-quarter mace, and generally apeaking higher pricee prevailed all round.
Kungping:—This auction earlier in the week was very strong, especially in blacks and fancies. Whites cold from stock are reported seven per cent. advance, About 400 pigs. were sold.
Ewo:—About 950 pigs were put up on Wednesday, which is about the same quantity as last week. More cheerfulness is also reported here, the market being very firm with strong upward tendency.
Text read from the printed page and cleaned; old type leaves the occasional error.