Yarn is also quiet, and although no new business is' reported for the mills, the tone of the market is good. Deliveries ave proceeding freely, and the River Ports are reported to be buying fair quantities from middlemen. Prices have fluctuated within' narrow limits, but are generally steady.
Sampin has fluctuated during the week, but there has been no marked change in prices. It is ident, however, that the recent rise was too rapid to be permanent, and the reaction is natural. This, however, docs not mean that the position is unhealthy, for the hanks have extended the loan to the Syndicate until December 15, and while stocks are diminishing the Syndicate hopes to dispose of the remainder by auction, There is no local business in Indian yarn. The market in Bombay is reported strong, due to buy ing from south China. Local stocks of Indian vara are very small, but there is no inquiry from any quarter.
The state of the silk trade is est shown by reference to the actual business transacted during the week. Only 20 bales of white silk have been done, and beyond these, transactions have been con fined to a few bales of yellow silk for Bombay.
While the news that the Japan-exe filatures are to suspend _production until, March will have some effect in improving the situ: tion it is not expected. to bring about any drastic change. There is a stock of between 80,000 and 100,000 bales in Japan which has to "be worked off on markets which are meantime unwilling.
Text read from the printed page and cleaned; old type leaves the occasional error.