The Archive · 1931

PIECE GOODS

A generally disappointing week piece goods has to be reported. There have been some delivery from stock to local consumers, and these are reported to have been at satisfactory prices, There is, however, a distinct absence of new business, although a small inquiry for further lines of Poplins has come forward, but with the decline in exchange' dealers are again drawing in their horns, While British cargo is not in

Japanese goods at the moment are demand except in isolated cases, also not experiencing any particular-Jy bright inquiry, Japanese Dyed Shirtings are coming in all the time, and it is probable that but for the strike of the Shipping Hong coolies, which still continues, there would a further demand both for Eng-Jish and Japanese Poplins and White Shirtings, as several ports are known to be short of these at the moment, With regard to Autumn goods merchants can afford, and apparent-Jy are prepared to wait some time very little speculative transactions have deen in evidence during the week under review owing to the newed declines in. the foreign colton. markets. on the one hand fand the unceasing weakness in. the silver situation on the other, both unsettling factors causing the opera tors to adopt a waiting attitude, 'The demand for mills' output seems yatiier slow and. the sorptions of raw material by Jocal spinners are only on a. hand-to-mouth: basis. to meet pressing quirements.

Yarn:—During the past week there has been mo change in' the {fundamental conditions of the yarn market. Fluctuations were within Inarrow limits and with an easier tendency at the close. Inquizies for finer "counts. continue encouraging [but demand for lower counts is still lacking. The. general sentiment. in-Jdieates some further recessions unless 'a revival sets in rom. the interior Tarts,

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

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