It locks very much as if merchants are playing a waiting game, hoping thereby to force stock prices still lower. In some quarters, unfortunately, they are meeting with some success and despite easy" exchange we hear of limits down one to two per cent, which makes replacements only a remote possibility rioment. There is a fair inquiry hovering round the market for all Whites, but to date—Jexcept in retail Jots—sales have been confined to soft finishes for trend of market interest seems to bbe turning temporarily from Blacks (and we can only expect a hand-to-mouth demand for i China New Year, anxious to avoid'a carry-over)' to. Spring Fancies and Whites and of the former Szeshuen has picked up some cheap lines this past week. Clearances are still small.
Tuesday's Auction We find: no special feature to report on this sale. Some return of interest was evident from near Yangtze ports and: they took the Blacks offered at slightly advanced prices. More life was shown when Grey and Whites were sold, but demand is still insulfigiont to create competition and on the average prices were only steady.
Text read from the printed page and cleaned; old type leaves the occasional error.