AMI business in piece goods which passing at the moment is from stock, and there is nothing going forward to Manchester.
Chinese merchants are prepared to buy practically everything they can from stock at prices about 25 per cent, higher than last Spring, with one exception, this being Brocades. There is a fair stock of these on hand, and the advance which dealers are prepared to par-chase these at the moment is not more than 10 per cent.
The prices offered for cotton goods does not yet cover the lower: exchange, which has dropped 35 per cent, compared with a year ago. Stockn afe now very small, for it has to be remembered that very Vittle has been ordered for delivery this ye socie tines nothing at all.
The market for Woollens still remains very quiet, and dealers are holding off awaiting the Chinese New Year festival There is very little mew cargo being offered, as all arrivals are going into bond, nothing having deen settled so far about the new uti Clearances have been fair.
Some inquiry has been experienced for woollen yarn, but dealers'
of prices are much below the Home market,
Text read from the printed page and cleaned; old type leaves the occasional error.