ncc um] Te Prices in the New York silk market during the past week declined with the increased European tension and buyers offerings were cautious in view of the uncertainties.
However, prices steadied as buyers entered the market in a very active manner, finding the lower levels attractive in the light of the improved political outlook.
Fairly active purchasing by hosiers, knitters and weavers, who appear to have overcome their earlier sluggishness, was reported.
Private estimates place September consumption between 36,000 to 38,500 bales, and, although this is slightly under last year, is nevertheless regarded as very favourable.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.