Practically everybody in the piece goods trade is watching the position of exchange with the utmost interest, hoping to get as near the peak as possible in order to. permit of the disposal at satisfactory rates of the cargo now on hand. If so there would be the possibility of further business, but the whole situation is being gauged with the utmost caution.
In the meantime dealers have more inquiries for Blacks and Fancies, while it is reported that there has been a little forward Dusiness in striped poplins and mercerized cords. Whether the: however, have gone beyond the inquiry stage is doubtful. Clearances have been fair during the week.
There was little life in the Kaungping auction on Tuesday, and it seemed evident that there were fewer trade orders on hand. Except for Italians and Venetians the sale dragged, and prices eased slightly.
Yuenfong disposed of 286 packages at their auction on Thursday. Venetians were not much more than steady, while Velvets were higher. Black Italians were up 11 mace, while Greys were mace down and Whites 1 mace down. Generally speaking there was little change from last week, the' comand dor all ded ods, arly Italians, continuing, Fery satisfactory, while Greys. and Whites are still on the decline. The river ports were more active, Kiukiang and Kiangsi in general taking quite"a lot, as also did Changsha and Hankow, During the week deliveries for Tientsin- were wore active.
Sagar of sugar from Java are beginning to come forward but still on a fairly small scale, especially as compared with last One Cuban shipment arriv-
The market is strong with an upward tendency in conformity with higher prices in Java, New York and London. The general tendency is upward. The Java Trust has sold 400,000 tons, August-September-October to one export firm at Fi. 12% since when the limit has increased to Fi, 13, Demand is good for forward positions, even as far as Ju March 1980, partly on speculate but with a view to re-selling Java, silk Conditions in the silk market are very similar to those obtaining a week age. The current regular continues, and prices ly firm, but the end of the week rise in exchange Has put end to farther activity.
Japan reports an active market Jand rather firm,
Text read from the printed page and cleaned; old type leaves the occasional error.