The New York herald., 1922-06-11
TRADE REVIEW AND
BUSINESS OUTLOOK
Stronger Prices and Expansion
Feature Last Weeks Pri-
mary Textile Markets.

featured the primary textile markets.
Further advances in quotations on cot
ten fabrics and woolens and worsteds
were registered. but raw silk prices
broke badly Retail distribution con-
tinues to broaden. although in the New
England textile section and in the coal
region, where strikes are still in prog
ress, the distribution of goods to ul-
innate consumers naturally is hampered.
Improvement in purchasing power seems
to be more pronounced in the agricul-
tural districts where the new crops are
said to be doing well. oNH
Toward the close of the week prices
on print cloths. sheetings and other con-
vertibles went up slightly, rejecting the
sensational spurt in raw cotton quota
| tions and heightened activity. Many
mills withdrew their lines in the face or
the advance in fabric prices preferring
! to sit back and await future develops
ments. The leading printer announces
new price list on its brown sheetings.
which revealed advances ranging from
| u cent to y cent yard. There was
better call from jobbers for cotton
! goods Of various descriptions. but most
| OF it was for seasonal merchandise
Little disposition was shown to operate
very far ahead on bleached goods, per-
Gales, sheets or other domestic cottoIis,
but business that passed was OF an en-
| courag ging volume. Ginghams continued
to lag, but mapped goods and colored
| cottons were in fair request and nunier-
| Gus lines including denims have been
| sold up and withdrawn. Yarns were
quiet at the higher prices recently es-
tablished.
Values in the raw wool market were
ency still in evidence. The American
| Woolen Company replaced at advanced
prices the remainder of its woolen and
| worsted lines which were Withdrawn
several week ago lull in business
was experienced in the womens wear
fabrics division. but factors are OF the
opinion that the dull spell is forerunr1er
of greater activity later on. Joobers are
confident of good season ahead basirg
| their belief on the livelier business that
| is being done by salesmen on the road
with fall apparel lines. Coating and
| cloaking fabrics are said to be the lead-
ing features at the moment, with promise
| OF becoming even more popular as the
season advances Demand for worsteds
| continued to broaden some of the larger
mems wear fabric agencies reporting APP
| preciable gains in sales. Conditions IN
| the worsted yarn market remained about
the same. but prices had an advancing
| tendency IA :
! Yokohama silk Market Breaks.
In the early part of the week the
| Yokohama raw silk market broke CUB
stantially. causing prices in the local
market to tumble down about 35 to 40
cents pound. The market, however.
has shown a recovering tendency.
Large interests are said to be watching
developments closely and evincing dis
position to resume operations at very
/ little below present quotations. Holders
are confident tha. the reaction is only
| temporary and that the fact that mills
! in general are not covered beyond the
middle of next month may bring aoouo
a quick reversal of the situation on the
first return Of the demand But slight
Improvement was reported in the move
ment of broad silks. although several
manufacturers report steady gain in
sales With forward business develop
ing slowly, silk goods mills have lately
purchased raw silk very sparingly, es-
pecially because OF the primary mar
kets uncertain state. Certain manufac-
turers have advanced prices about 7IO
per cent. in the last month.
| After a severe setback. the local bur
lap market strengthened as the week
/ drew to a close. A veteran hurlap
4 trader believes that the market win
settle and then gradually work higher in
the face of an increased worlds demand
and prospects of the shortest jute crop
in fifteen TO eighteen years He expects
( heavy buying by South America and
| China soon. ,r
Activity in the fur market continued
to increase The cloak and suit trade
| in it's purchasing of trimming furs IS
4 furnishing most of the activity. but
manufacturing furriers. in response 20
/ fairly good business being turned in by
I travelling statesmen. are increasing their
! purchases OF raw skins. Prices showed
! little change from those of the preced-
/ ing week.
Several large clothing houses an
| nounced higher prices on their lines be-
| cause of the advance I'm the fabrics
market Increasing activity Is reported
| in apparel In the wholesale and Che
retail ends OF the trade. The weather
/ now seems to be favoring the trade and
! distribution Is duickenirfg. The mems
wear trade is making steady progress In
| selling fall merchandise to retail mer-
| chants. All women's wear statesmen
/ are on the road with the new au-
tumn lines. First results seemed to In
dicate that interest is turning from
suits to coats. as predicted by manu-
facturcrs.
New England Mills starting up.
The last week saw the reopening OF
I about half a dozen cotton mills in New
/ England. closed since February 13 by
I strikes. Although the number OF men
actually at work in the mills is small
/ compared with the normal quota 1t Is
/ evident that workers as whole are
I more desirous OF getting back to their
\ machines. Men who have returned arc
Z working under the new plan Of hfty-four
hours week and a reduction Of 20 per
cent Ga wages. Recent developments
I seem 10 point 10 an early settlement of
I the strike on the terms proposed by the
/ manufacturers.
I The subcommittees appointed by the
l Cloak. Suit and Skirt Manufacturers'
/ Protective Association and the Interna-
,ionai Ladies' Garment Workers Union
70 iron out labor difficulties met last
week but adjourned without coming 10 a
Definite understanding Another meeting
expected 20 be held soon. II is hoped.
/ viii result In an amicable settlement ot
I the controversy without the usual strike.
I Concrete evidence OF Improvement IN
I tho movement % goods is found I'm TIM
I Credit Clearing Houses report for last
wecN Payments In the manufacturing
\ ana whoiesaiing trades continue highly
I satisfactory. and indebtedness. In most
/ Instance. has been lower. The only ex-
A. "a as.I