Nanzu " 22 Shensi I sy 22/25 20/23, Local Yarn.—The yarn position is little changed from last week. Deliveries are well maintained, and Szechuan merchants have again been buying," 20's being especially in demand. Although fluctuations have taken place in prices during the week, the situation seems quite satisfactory. Local cloth is still in only moderate demand.
As a result of the big fire last week business with America has come to a standstill. Up to this week America had been able to buy Chinese silk cheaper than the Japanese product, and transactions were in progress, but since the destruction of a considerable part' of the cocoons and silk in stock the Chinese have put up their prices for steam filatures, thus putting America again out of the market.
While London remains dead, Lyons has shown some activity, and a, little business has been done in re-reels. Although it has been small, the outlook in this quarter appears more hopeful.
Text read from the printed page and cleaned; old type leaves the occasional error.