The Archive · 1929

Shanghai Market Reports

Prices for Piece Goods Slightly Higher than Last Weel Quantity Offered Slightly Greater Nov. 23. will alfoct the rates if net to 9

Prices ruled slightly higher on the local piece goods market over the [past -weck although the quantities offered were not much greater than [those prevailing at the last auction.

The auction on Thursday resuited in 166 packages being sold with the greatest improvement being shown Black Venetians which improved 19 mace, Black Italians improved 1 mace and White Shirtings sold higher by 2 mace over last weeic. Grey shirtings were steady with little interest. being shown.

The general improvement. wa... net in in Whites last week -was well maintained and there was a much stronger demand in evidence for black goods, particularly from. Chingkiang.

For Italians, while there was a certain amount of speculative interest in evidence, buying on the whole was substantial and waste shirtings were particularly asked Hor.

The market for Greys _showad Isome steadiness and brokers pressed the belief that we may look for some signs of definite improve ment toward the end of the month.

Deliveries during the past week were not very satisfactory but since the sithe yesterday goods appear 't> [be going into consumption somewhat more freely. higher basis then to a steady to firm tendency until such time when passably equivalent. grades ave pro= curable at parity or lower figures in the foreign markets, Yarn Since our last report, our market has been quite firm, with prices a vanced some two to three taeln for rear' deliveries but the vates. for forward contracts -are only -about tone tael higher than those of last week. In all some 13,000 to 14,000 ales of local spinnings have chan ed hands for export to Szechuen, Tsingtao, Yunan, Canton, Tientsin and other interior ports, Tu the circumstances, we do not think there will be Any "serious decline in the yarn market and as soon as the politiedl disturbances show some pacific expects, boom market may be looked forward to.

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