A lull in forward inquiry has been experienced in. the piece goods 2 marko during the week, the reason given for this being that dealers fear still lower values for raw cot ton in the future.
Interest in stock cargo, however, seems to have been well maiataired and goods are moving steadily into consumpti For Italians and Venetians the demand continues to be fair, but Velvets and Twills have" been neglected.
Signs of renewed interest in White Shirtings have been shown, but it hax not been accompanied by any inclination to pay higher prices by the local and Yangtze buyers.
The Yuenfong Auction At the Yuenfong auction on Thursday 160 packages were sell. On the whole the auction proved just a little bit disappointing, as it was hoped that after the Autumn Festival, the approach of which was taken as the reason for a quieter state of affairs during the past fow weeks, more orders would have been in hand. Matters, however, were not so bright as had been anticipated. The strongest feature of the sale was Velvets which met 'a good demand from all quarters. Venetians were rather better and showed a slightly firmer tone, but Italians were in and out, for- while the local market was quite steady and active there was not much strength in the demand from Chi Kiang. A weaker tone was in evi dence where Hankow was concerned, and this was also the ease with Changsha. It must be borne in mind, however, that prices for these goods have now reached a comparatively hich level, and it is a question of how much further the shortage of supplies will affect them. At present levels they are on replacing costs, Unt indications gen-the demand now. to higher levels low of the improved political mns._ No special interest wa taken in White Shirtings at the auction, Korea still being weak, and very little being doing from anywhere else. Newchwang,. however, terested to some extent in Sheetings. Prices of Whites down, De-been maintained during the week, including quite 2 good shipment' to Korea, while satisfactory quantities of" Italians " have gone into consumption.
Text read from the printed page and cleaned; old type leaves the occasional error.