The Archive · 1932

Yuenfong Auctions

The Yuenfong auctions, which was

Thursday, when 266 packages were holidays, ce again" on yugpended ast wk owing to the sold. 5 cad With the exception of Venetians land Italians, which were showing very definite end-of-season tendency, there was no particular fault to find with the market, sundry dyed goods DDeing steady to firm, and greys and white shirtings both experiencing fa fair amount of inquiry. As far as Hitalians were concerned, the only market which had any strength was Chinkiang, and the net result of the sale of these goods was a decline of mace. Venetians were more heavily. depressed, but velvets, were firmer and poplins just about steady.

Grey shirtings, a few qualities of which were sold after an absence of [some months, were Keenly sought Jatter and fetched satisfactory prices. White shirtings were chiefly sup-cain jury from Changsha was red by speculative demand, but a

noticeable for some ort qualities foods "Tientsin "showed a lite and pure of the teer

more interest. and there have also been signs of @ revival of Korean demand.

"As the market was, closed week, deliveries have been' indig leant, but it is expected that fairly' large quantity. of Italians transacted during the past, week. Prices have ruled fairly steady.

their weekly report Messrs. J. Spunt & Ca. state; Chinese Cotten:—After the market reopened, there has been comparatively very little activity and prices receded about '¥0-75 per picul when compared with that last raling land the tendency at, the close more toward a weaker direction. his situation "ip being evolved evolved through pressure being brough! bear on a certain section of holders realise their holdings and. also through the even decreasing demand for the local fibre on the part Spinners who have heavily covered fete requirements: with cotton from the USA, so much to that they are finding ifieuty ip providing Space for arrivals from abroad and also cash wherewith to take delivery of the previously contracted foreign cotton. In these spinners are certainly not in a po further to purchase any of the domestic growth and. thos. commit ftyemselves. to heavier financial re-

this year's domestic pop is, far sponsilitien, Brides the qoalty 9 from being satisfactory and there-[fore spinners' use of the American fibre "produces. far beticr results hough they may have to pay. little higher price for. the foreign fibre. "Although the prices of the Imported fibre is not "so attractive during these days owing to the 4 lining vote of silver exchange the fills "evince no eagerness. 10 book. further supplies of the raw material their "previous orders. are sufficient. to" carry. them for well Jover five monthe hence and with the. ever superabundant supply" of cotton in America there may. loppertunities of availing themselves rom time to tine of suitable. lots fat more Temunerative rates. Tt is quite reasonable to expect that such procedure on the part of the mil foneerned would bring about. ficsired results but. as to whether feet long, with 'a 15-feet beam, a ind will go into consumption very soon. was lifted on to the big steamer by giant crane at Birkenhead. The tender is intended for harbour service at Rio de Janeir

Text read from the printed page and cleaned; old type leaves the occasional error.

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