May 7.
Any real recovery in the piece coos market cannot be expected until the present _diffeulties of transportation and finance are removed. At present the river markets are practically shut off, but there are ample indications that if cargo could, with safety, be got to the various consuming centres ard financed seme improvement mediately: would set in.
Beyond a small business in actual spring requirements, such a# white Gaverdines and tropical materials there hat been practically no La nest in woollens during the week, Mohairs are overdone and very) weak, there appearr no outlet fo there goods with practically the! Hyer markets closed. The North.
Korea, usually good buyers, are en rely out of the market. Pure chases, for Yangtze markets of Special lines which are awaits Shipment must socsier or late smart Jester.
Cotton, Yarn, ete.
The New York cotton market] early declined en lower advices but! allied later on buying becoming: general only to decline again on Selling on the reaction theory. Cotton on the local Exchange suddenly jumped up Tls. 2 This is pria-Gpally due to the advance in American cotton which went up Some 70 points in the week. The American vise i said to be due to possible effects of the Mississipy Roots. There has been but little business basking but transactions on the Shanghai Exchange have been heavy. Clearances have been fair and the demand for cloth, probably. per diem. In September of last Year, the Hangchow mint actually: used up 8,000 bars of silver. It all depends how Tong the mint will in operation, Two months uninterrupted work there would suffice to Grive silver prices up.
Reliable news from Hankow indicate that farmers have refused to bring produce and edibles to town, unless they are paid for in slive the me time we hear thi there is another crisis on in Mukden in connexion with the depreciation of the fengpiao. Enormous quanti ties of silver are urgently required to straighten matters in the pro:
Tu the beginning of the weel: the Japanese government cabled its Wecision immediately to ship abou 7.500 bare of silver to Shanghai, So far, however, it appears that only.
vats have arrived here, while the balance is still dae to come. for the use of the Nationalist army, continues, May 30.50, July 3
The market is close not reopen until May 13. he following are yesterday morning's closing quotations:—16's April 134, May 135.50, June 136.40, July 137.90, August' 138.80, September 189.80, "October 140.90. The business done amounted to 12,250 bales. 108% 116/128, 12" 195/135, 10' 190/140, and 20's 334/148, silk The sik market sla bos been quiet since our Inst report. The high prices filatures are asking for new silk has driven Lyons cut of the market, while America is mark. ing time, apparently waiting until the financial situation in Japan be comes more certain. The weather has been favourable for the coming. crop ang! in normal times one would Jock forward to more thun a normal quantity of silk being harvested. The present conditions throughout the country have restricted finances in every possible way, even down to the small farmers, and it is as likely Jas not that there may be some Shortage. To what extent it it quite impossible at the moment to Estimate, but some of the dealers feel it may be as much as 30/40 per cent, This probably ix an overs estimate of the possible shortage,
Text read from the printed page and cleaned; old type leaves the occasional error.