There has been little new business in jute of any importance in Dundee. Manufacturers, however, are well occupied.
Prices of raw jute have been irregular, and the firmer tendency of last week was not maintained. There have been some attempts to corner the remaining supplies of old crop, but without conspicuous success, owing to the short time before the new crop will be available. Meanwhile, pressure to sell new crop is weakening prices, and trade is res-tracted in anticipation of reductions.
An increase of about 12 per cent. is reported in private estimates of sowings up to the end of May, compared with the same period last year. Weather conditions have been good, and rapid growth in the principal areas is expected.
it is expected that the output of jute goods by Indian mills will be restricted from August 1. The Committee of the Mills Association re-
Business on the share market at the close of the week continued exceedingly quiet, price movements being erratic. Most shares, however, showed an improvement and of me rest only a few declined more than 1 per cent. As investors continues to be cautious, the turnover was restricted, The holiday season being now at its height and the political situation quiet, no marked influences were at work likely to increase the amount of bourse business done.
The fixed interest securities market was friendly but also quiet except as regards the business in tax certificates, particularly certificates LI. which had declined heavily yesterday, the first official quotations today being therefore awaited with interest especially as these securities had began to recover again early Saturday morning.
June certificates remained however unchanged at 93.73, altogether about 700000 Reichsmarks nominal value changing hands. Certificates I opened at 9925 and closed lower at 99.15.—Trans-Ocean.
Wool carding': Worsted spinning 3518 crated spinn Woollen weaving 3,303 [Worsted weaving 2,653
Thus, unemployment declined in all sections except worsted weaving. The worsted section of the industry is much less affected by Government work than is the woollen section, but recently it has been decided to manufacture an all worsted cloth instead of the usual all-wool cloth for Army use. Orders have been placed for 3,000,000 Ib. of tops on behalf of the Government, These orders, most of which were to be delivered by the end of June have caused several problems. The centration on a single quality has exhausted supplies and caused a good deal of pressure. The breaking up and sorting of over 20,000 bales is likely to cause diffüculties, for before these orders were placed there were only 54 sorters wholly unemployed in the West Riding.
Text read from the printed page and cleaned; old type leaves the occasional error.