Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-05-19
COTTON YARN TRADE QUIET
Purchases Made only Where lots

Are at Low Priee--Wooi Active
The cotton yarn market during the
last week has been very quiet. says
Dun's review Of trade conditions. Prices
have been nearly stationary. Toward
the latter part Of the week. a moderate
reaction was looked for in knitting
yarns. Weaving yarns seem frmer than
knitting yarns. but were barely steady.
There has been some purchasing but
only where lots were at low price,
and the volume has not been large.
In spite of the fact that cotton has
advanced strongly. the users of finished
textile goods have not come in the mar
ket with any great speed. and there
iorc. the users of cotton yarn. having no
business. are not very much interested
III whether yarns go up or down. More
N less stock yarn Is moving out. how
ever, Mt prices slightly lower than the
market, and this is helping, in a meas
tire. to clear up the situation, as some
stocks of yarn were getting rather
burdensomc.
From II buyers standpoint" the
review continues. 1.-THE yarn market
actually lost ground during the past
week. The market is selling propo-
sition because Of the wide publicity
given the fact that surplus stocks of
yarns in the hands of spinners were
much greater than had been generally
believed. The spinners have confirmed
! this by accepting business at less than
the prices quoted by dealers. Collections
are slow. which is a serious handicap
in operation.
1.-The wool market has been active for
the past three weeks. 1t is believed this
activity is of speculative nature.
owing TO heavy trading among the deal
crs. and to the demands Of the manu-
| facturers. together with fast depletion
of available stocks. Contracting for
Western clips on the sleeps backs CON
tinues at advanced prices of from 10
per cent to 70 per cent over three months
ago, while pulled wools. used principally
by the woolen spinners. are about
cleaned up. with the new lambs not
yet coming into the market in any quar-
tity. The demand is for all grades of
wools with the exception Of grays.
THE activity is believed to be tenn
! porary. ns the mills are buying little.
The textile industry is dull. generally,
but it looks as it. the market will con-
/ tihuc W duNuHte. uUlcSS Solue Ttllel 10
afforded by some sort of tariff legisa
iion which will enable the importation of
foreign woods at reasonable prices.
1.-The market for sole leather and
betting butts shows a steady improve
ment, although sales are in moderate
amounts. Prices hold firm for better
grades and light weights are steady and
in fair demand. Glazed kid manufac-
turers and dealers have normal trade,
and prices continue firm. There is q
scarcity of better grade kid. and raw
materials continue high in price. Shoe
dealers are doing only a moderate trade
Retail dealers are buying in small
amounts to meet immediate needs only
Manufacturers of mems and boys
clothing state that there has been nc
material change in the past few months
the volume of business not being as large
as around the first Of the year. They
are, however. doing a FUR trade. ant
collections are fair.
Manufacturers of dresses report sOm'
activity In the line at the present time
especially gingham and wash dresses
for which there is quite a demand. Some
of the plants say their volume of bust.
ness exceeds that of a year ago.
Manufacturers Of shirtwaists repor
some improvement. especially for the
better grade Of materials. Many Of tn,
flarger plants are working full time ant
report better trade than for the pas
eight or ten months. Manufacturers o
shirts report their business much i'm
proved in the last two months. man,
Of the larger plants working on a smal
margin of profit. but they report bust
ness quite satisfactory. and collections
much improved.
Millinery houses have n fair trade
Sales are in small quantities and of med
ium grade, due probably to weather
conditions and the timidity shown to-
wards buying in general in the coal
regions"