Demand a/1tk 4 m/s, credits 3/03 3/04 ay 4 m/s. Doe 3015 nom. jer tone has prevailed. Dealers are evidently making larger sales than they have done recently, ahd greater activity has been shown in Blacks and Fancies, with a certain demand for Grey from Peking. Dealers from the Yangtze ports are, however, anxious about the floods, but should the better position recently reported {in this connexion be confirmed, there ig every probability that they will come in og buyers and. strengthen the market considerably, Clearances of private cargo have not been good, but here and there an improvement has been seen.
The auctions generally have been soi characterized by a very good demand) for Italians and all dyed goods, which have gone up 6 mace on the average within the past three weeks, bringing prices to the level reached at the end of March. As a quence of this rise, larger quantities fare now going into consumption, relieving the accumulation which has been taking place during the last three months. The local market land Chinkiang are chiefly responsible for the larger offtake, but the north showing. more interest, and the hope is expressed that Tientsin and the River Ports will shortly make their influence felt.
Greys at the auctions met a fairly steady market, Heavy weights still inclined to give way to some extent, but on the other hand the light weights are appreciating. It has to be remembered, however, that the present values of these commoner class goods are cheap in compari son with the higher grade qualities, and this is fully realized by the dealfers, A steady demand. has been experienced from Korea for Whites, and this combined with more activity from Tientsin hi push prices up some! account of the Yangtze in total lack of interest on the part Hankow and Changsha. arty New York 1.7, Ty customs EXCHANGE RATES FoR JULY
There is a prospect of the local situation being altered because of the report of extensive insect damage to the American cotton fod it there is firming Bk, Te, 6.0
126 the cost of the manufactured article, the market here will almost certainly follow suit. So much is, already '50 indicated by the fact that {nt certain' Line piece goods are being re- make a very reasonable indust
Text read from the printed page and cleaned; old type leaves the occasional error.