New York, June 30.
During the past week the Taw silk market registered further advances of 12 to 14 cents under the stimulus of the upturn in Japan and improved consumer interest, Hosiers tool' good quantities, but progressive resistance appeared as prices advanced. Weavers likewise, participated to a moderate extent, but both hosiers and weavers are, at present, inclined to hold off.
The absence of any increase in autumn hosiery prices was well received by distributors, in the light of increased raw silk manufacturing costs. There has been some good early ordering, and an expansion in the middle of July is anticipated.
Inquiry for silk fabrics has also improved, but sales were small in view of the in-between season.
Dealers are somewhat apprehensive lest higher prices may interfere with the use of silk during the autumn.—
Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.