New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-01-02
CAUSE OF THE RISE IN RAW SILK.
COMMENTS ON MIR. PElXoTTo's VIEWS.
STRONG INFLUENCE OF TIE ITALIAN SYNDICATE
TIE PROBABLE EFFECT on PRICES.

TIE PROBABLE EFFECT on PRICES.
The principal feature of the silk trade mt
present is the great rise in raw material An article
which appeared TIE TRIBUNE gave tue causes OF thiS
RISE as seen by exCousul PelxO.to OF Lyons, VINO II
one Of the best authorities in tie matter The rise be-
gan on November IL caused, according TO some
theories by tine operations OF Italian syndicate.
IL is attributed TO natural causes By others THIS synd
is reported TO have capital Oh from twenty 10
thirty millions francs. and TO have tho support oil some
Of the wcalthiest bankers in Italy. Tho rise Ill price
naturally excited great interest among the SILK men OF
this county To earn the probable effects some OF the
leading silk of this city werc called on aud Inc iOF
lowing opni given:
The China and Japan fading Company. importers at
No. SO Burling slip. FINISHED the following opinion;
The rise due entirely to speculative causes II we
come back to silks ;he fashion the markets viii Stay
up II the market does not hold the effect will be bad
II there is any demand prices will higher In January
and February"
r. Aria importer a: No. 10 Howard st: Prices have
advanced at least - per cent Manufacturers who
have been holding back HOW that the advance i
permanent Ia January we shail see SUI ahpther u,a
vance. ana | have heard Of large "ricrs D@hg III
Europe, aud expect that large orderS VIII loO" Eetc
William Ryle. importer. of No. 81 Howard-st: ~
agree with 2ir. PcxOttos opinion to te rise IN raw
SIX. Prices have advanced from 10 TO 20 per cent
Manufacturers well supplied ~ present IL strue that
some have trusted much 10 THIS rise, but they VIII Dc
compelled into the mar1et IN January 1t seems
certain emu. that the end OF the season the ad
Continent ana in ASIA have become depleted aud there
Is no doubt that adyante VIII he permanent FROM
The very fact the manufactured goods have never
been sold low before AS during the past year c eHecl
OF the rise will good the American manufacturers
The majority OF plain silk fabrics have been selling AZ IN
actual loss manufacturers. The advance 10 the
price OF the raw material viii sop tl,s deS cut
ing in prices among oar domestic inln iticlures rs
,hcy arc compelled 70 ask moro Tor their Gool1 anu
buyers from various paris OF the country have already
seen tho need OF placing large orders Tor the coming
az Strange manufacturer. at No. 90 Prince-st
There has rise of 20 per cent Ny idea IL ha'
price fictitious as IL = based on the opera"
lions OF the s}ilucAc. IL IS hc q " az " ,.,
The first Of 10 per cent was dnr ID the syhdch'
and the second ,srd ON tho short crops ana the
success encouraged the syndicate % 20 o ana
prices Manufacturers are wei stocked WIN
the market. The stability of tho pfcscnt prices depends
two thiugS: whether trade Improves OF whether u
new article up which will require stocks "i goods
entirely i.r rent from those which have now Man
ulactuTsd have been down lower &c tunes IN the
past than the material
c. Lambert manufacturer. OF No. 30 Ggeen-st
There VIII bu u moderate atvtucc alter January !
ossi,y another rise ia the spring season. When
rice tlry viii be compellcd 70 sell further advanced
i,rice. SIX fabrics are coming more fashion
sik a very low value now It, normal average ior
thirty years about se.eny i"hc' yer si.o h' to
day II Is below tat. being quriei ~ hEy-nyr. Even
aer this raise lssil very cheap TIE e5cet @E trade
will be hard TO tell Trade viii "e SLOW nhtil dryers
are convinced that advanced prices can be maintained
At the present the ribbon trade ., dccidedH NOR. en-
eouraging than at any tine daring the past Three
years" -
SO Grcenest: the produrii'n oil the raw qua erHldo
cltnca 10 basis than sk having been lower,
the whole history OF sI. te Italian Fyud cui took hold
or IL ald caused rise IN the mtrkrt The effect ON the
trade larger orders than uhVe becl gwen
Tue si rale Ia general VIII be- stmn
sied all oven the world" ,,
r. Richardson bro1c;. 10 No 80 Mercrrst.: Sllk Is
cheap now. The market vesy strong. but not very
acti We ia the holiday The elect of tue MI
be high prices la cases the rise - nearly - peg
cent ami the feeling that h viii 20. HIGHER. I1t d
still very low The manufacturers rc refusing orders
old prices. the holders alto not dlspnsed 10 se'
and will wait over uuul another year Fashion Is no"
turning ~ favor Of SIM
" G. Wyckhoa SECRETARY OF the American SIX Asso
cation "As Ia the prediction iAtt tle pse" "t Ia"
silk Will higher yet would say that 10 l. not wei 20
predict unless know bat tie flct tut previous to
hits SIX lover than ever before makes pretty
certain hat tins advance hIa To stay Prices in
tho raw material N thcrrs rice h Il comparatively
slow. Variations be silks suddenly 20 10 great cH-
trenes. Between leGi aud 1865 thcro was q rise oil
more COibc the fortuc. price Ia Italian six. the
m.xinuiu reached NJ JAY 1868. being 10 frtncs per
kilo for Italian silks. The iat from TINS
point was rapid ald In 1871 tie quota
lion was francs In 1876 prices Eel 10
nfrv-stx francs. which supposed 10 be The lowest
possible point, within tie last year tue decline be-
lore the recent advance reached forty francs There
j, now hopeful feeling among the Manufacturers. Tor
"A long time they have been carrying on business Win
certainly good OF guOi demands al Irnl nct
the bitter experience or the last Two
years has taught them economy in tho manufacture
which " wealth Will prove the ruad 10 IT.
At the Office 81 Beldrg Brothers CO.. manufacturer,
No. AJJ Broadway: Prices have e'rtainy advanced.
ia our cla-s OF silks ChnI silks OF the best grsc prices
have up from 30 % 80 per cont. We THINK ~ "u
ruu - per cent anton sks ana aous 80 OF
81 per cent Japans AID ItIliin' IL looks Ike
further rise IN the uildle of January