At the present rates of exchange the difference between China values and what Manchester requires is in the neighbourhood of 15 per cent. for most qualities, and accordingly it is impossible to look for any great volume of business. The only orders placed have been for small lots of Fancies.
Dealers have made moderate shipments to Tientsin this week with the last steamer sailing before the closing of the port, and it is solely due to the tightness of money that the consignments were not much larger, as from now onwards they will have to send by the more - expensive Chinwangtao route.
Local values continue steady, and prices are readily paid by consumers. Owing, however, to the high rate of interest called being confined to very small for, speculative transactions are
limits, and it is doubtful whether any advance in prices cam take place until the turn of the year. to report from last week, Woollens—There is no change
business is practically at a standstill.
Text read from the printed page and cleaned; old type leaves the occasional error.