No further developments in the Piece goods situation fall to be recorded during the week. The small requirements of the seaboard consuming centres are being met, ear-to these places going by steamer, Dut when it comes to the question of distributing to the interior, goods are held up owing to the dislocation of the railways. Locally, also, the market has been quieter this week, and as a consequence value here remain barely steady.
It is too soon yet to estimate th: effect of the new industrial situa-picul from those ruling during the previous period, with a quiet, and] steady undertone at the close of the In the circumstances, we see very little reason to expect a heavy decline of any consequence in the near future, but we do not anticipate anything like a return to very high Prices prevailing in the immediate future, in that a great deal will depend on the movements in the foreign fibre; therefore, we feel that in times like these, cautious operations are to be recommended.
Yarn—Since the issue of our last week's report, our market has been keeping steady to firm with prices advanced by Tls. 2 to Tis, 2.50 for near deliveries, and Tls. 1 to Tls. 1.50 for forward deliveries, Bu: ness for export has been booked some 9,000 to 10, bales in alli, counts during the week under review.
AS to the future trend of the market, due to the gloomy aspect of the current political affairs, there every likelihood of experieneing favourable reactions, at which ime, it would be advantageous to. purchase at every break, in that no Sooner the political situation became more stabilized, it can be reasonably expected higher that prices will evolve, tion in Japan brought about by the reduction in wages in the Kanegat mills, While Japanese stocks in Shanghai are not heavy, it is pro-dobie that the combined totals of Shanghai and Osaka represent a very considerable amount, and the circumstances it is as yet_impossible to say what special effects stoppage of production at the moment might have, 3330
2 Spot exch 22005. 380 Shen Oniinary, Spot exit ©." 34.00 Nincpo, Spot excwbart s... 3300 Tone of the market—frii,
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