Goods but Sales Small Jan, 18.
'The silver position continues, course, to affect ~all markets and "exchange" is the principal topic' of conversation. Buyers of China's exports are rather adopting a "wait and see' policy and not very much Dusiness has been brought to book during the week. Further, the economic situation in America has fse added to the general lethargic conditions which have characterized the demand or, rather, the lack of demand, for China's products, Mr. 'Soong's' "gold bombshell" also has: had anything but a steadying effect although merchants appear a state that precludes any noticeable, shock. They have received so many during the past few years that the addition of one or two'extra ones Jeaves them unmoved.
"As far as Piece Goods are concerned, the final sale before China New Year took place on Thursday at Yuenfong. The auction totalled 172 packages and prices reached a better level than two or three weeks ago, Sales, however, wore on the emall side, Prices, particularly in respect of dyed goods, were very much stronger. Italians were up 43 maco Greys were maintained at the higher levels reached last week Dut Whites reacted and the rise apparent last Thursday week, was evidently somewhat overd As far as the China qualities White Shivtings were—concerned, values were more or less maintained "but owing to the fall in the Japanese eross-rate, Korean goods] were adversely, affected and lost good deal of the very substantial rise recorded at the last sale. For the last two weeks the chief features Sin the market have been the very! strong speculative demand—for Grey and White Shirtings but this week there was a steadier market for these goods and the chief activity was transferred to the dyed goods section of the sale.
'A very strong demand developed for all classes of dyed goods. Vene-ans, Velvets, Poplins, and Coatings fall went up and it was evident regards Italians that somowhi steadier offerings coincided with a very "greatly revised idea of what Tocal values should be at the present time, There will be no more auctions until February 13, and one eft the sale on Thursday with the Amprossion that the market as a whole retains the better and more confident feeling which has prevailed during the past two, or three weeks. Who-opinion is expressed that higher prices will be seen after China New Year.
Deliveries were only fain, this probably being due to the rather extraordinary weather encountered fall over the country. It is expected that from now on to early in China New Year, deliveries will decree: volume,
Text read from the printed page and cleaned; old type leaves the occasional error.