The piece goods market during the past week has been quiet, and in view of the fact that one of the most important consuming centres is in the hands of communists, the outlook must remain uncertain. ' For certain Greys and Whites Changsha has for long been one of the very best markets, and in the light of the present trouble, Hunan merchants frankly do not know how] they stand. The result is that Greys and. Whites have been generally) neglected.
The most interesting feature of the market in the circumstances has been Black Italians, which continue in good demand but in short supply. Holders of these goods are asking an advance of from three to five per cent, whereas buyers are still apparently prepared to do business only at the last recorded prices. 'Apparently buyers' offers will not be substantially increased until any bulk demand comes along. In cer~ tain qualities of Black Italians it} is, however, encouraging to note that with the advance experienced here in recent weeks and lower} prices at Home, the disparity in Meement cost is becoming 30] small as to permit the hope of certain amount of business later on. So far there is no news of any transactions, but the situation has its optimistic features.
While it has been reported during the week that three or four Manchester representatives had received! orders to-leave this field of trade, it is probable that their departure is the result of amalgamations which are proceeding Home with the of curtailing overhead des exp and that the lines in which they have been particularly concerned will continue to be handled.
July is generally too early for any activity in woollens, although there has been a small movement in these, A small ggiount of price-testing inquiries has gone forward, but there has been no talk of actual: with reference to these goods, with Shanghai and the local centres showing more interest.
Text read from the printed page and cleaned; old type leaves the occasional error.