The Archive · 1930

PIECE GOODS

While the piece goods market 83 during the week has been quiet, it has displayed a healthy tone. Dealers have been taking a renewed interest in old chops of Whites, and little business has been done, confined to White Shirtings, Laws} and such' goods. There is' every probability that further orders wil; also be placed, in view of the fact that dealers are much more cheer ful over trade prospects. They have information that in many dis tricts the crops have been abund-

1{ant, and as this means greater buying power they anticipate some re-Sede, ad alees ast steady, with a moderate innity during the week from Karen and the north, In woollen goods the week has been quiet, probably due to the drop in exchange, which has to a large extent rendered business impossi Jocal dealers were basing their offers on an exchange of 1s./84. and at that rate it was just possible to meet prices at Home, but at a penny lower business has been out of the question, offers in the exchange again advance it is pro-Yyable that business will take place. It is interesting to note that cleartances of woollens during September were on a satisfactory scale, being about double the total for August.

The Auctions The Kungping auction on Tue! day was steady throughout. Forty-' five packages were sold, and the demand was principally from the north and from local buyers, who: showed an interest in Black Italians and Venetians. The quantity of Whites offered was hardly large enough to test the feeling of the market, although they were steady.

Yuenfong disposed of 170 paci ges at its auction on Thursday spite of the increased quantities of these goods which were offered, while everything was easily absorb: ed, Venetians were on the weak) side again, and the rather larger! quantity of Velvets on offer had the effect of depressing the market for there a trifle. There was not much doing in Whites, "Korean prices being down again, but in the low] quality goods. seme improvement ever last week wan shown. The Receral tone of the auction was About the same as the previous week, and th lieations were for A renewal of activity in the. near!

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

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