Market New York, Oct. 27.
In the New York raw silk market during the past week a moderate amount of buying, in which all consuming lines participated, was noted. Orders conte principally from hosiers whose operations recently have been very satisfactory, In the meantime, indications point to the fact that hosiery mills will operate at a good productive rate for the remainder of the year, with initial hosier orders for next Spring [already being placed at about current prices, thereby indicating a restoration of confidence on the part of buyers.
The selling price has kept very steady, having remained at the level prevailing during the early part of the Summer. Revised estimates of the trade for October consumption are placed at around 38,000 to 39,000 bales.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.