sures of the local auk market this week has been the entry of an portant American firm as a buyer. Smaller silk transactions have taken place, probably for France. forthcoming.
Tea has been quiet, and only few transactions in articles of produce have taken place, Piece Goods Except for a slight turn for the better at the close, the week has been a disappointing one so far as piece goods are concerned. A few shipments of cargo have taken place to Szechuan, and a slightly better inquiry has been in evidence from Tientsin and Tsingtao, but trade remains at a very low level. In view of the slightly better tone within the past day or two, the belief exists that there are' a few! orders in the hands of dealers, but} they are apparently not of sufficient] moment to counteract the lethargy induced by the heat wave.
Again auction cargo has compris. ed the principal part of the week's business, and indent orders have! deen almost altogether absent. Privately held stocks are moving! very slowly, but in some cases broken at the end of last week by American purchases. These includ-fed 500 bales of middle class steam filatures on behalf of a very well-Known firm at prices from Tls. 1,050 to Tls. 1,060.
European agents have made purchases of some high grade steam filatures at Tls. 1,175 for Grand Double Extra and' Tls. 1,165 for Double Extra, while also there have been a few purchases of Extra "B" and Extra "C" at slightly firmer prices. - These transactions are probably for Lyons.
As regards Tsatlees there is news of firmer markets in the interior, and accordingly better prices have! raled, a few lots changing hands at! 'a rise of about Tls. 10 over last} week's prices. At the moment there: is little inquiry, as with the improvement in the French franc local holders expect to see firmer prices the European market.
As regards Canton silk the market firmed up at the beginning of the week on buying by New York, and
Text read from the printed page and cleaned; old type leaves the occasional error.