The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-09-10
TRADE REVIEW AND
BUSINESS OUTLOOK
Pew Textiles Continue to
Show Upward Tendency in
Price Movements.
TRADING Is LESS ACTIVE
Larger Demand Is Expected to
Make Appearance in the
Near Future.

Although the primary textile markets
last week moved in a somewhat listless
manner prices continued TO point up
ward. Values il the raw silk market
climbed up few more points, while
quotations in the raw fur, wool and
cotton goods markets The feeling that
higher prices must come Is quite general
at the primary selling end of the mar
kets.
Developments Of the last few days.
pointing 70 an immediate settlement OF
the railroad strike. have bolstered up
confidence Of merchants The improve
ment in general business is expected to
he accelerated as soon as this retarding
influence has been dispeled.
With the RAISING of summer whole
salers and jobbers alike. it is said. are
finding out that trade is not as slack
as predicted when strikes. business
troubles and soaring prices made the
fall horizon look gloomy. 4 brisk move
ment is now being experienced and
larger orders are being received denot-
ing greater confidence in the future
markets.
In manufacturing and wholesalng
circles this is a hesitant period. Both
are keenly awaiting the trend of the
consumer demand in order that they
may be able TO operate on fall merchan-
disc in a free manner. The rise in the
primary markets and the limited supplies
Of merchandise due TO strikes at the
mills indicate higher goods prices during
tie fall.
Prices in the gray goods market ruled
fairly firm at the recently established
levels. The drop in cotton toward the
close of the week tended to induce buy
ers TO delay operations in anticipation
OF lower goods prices. Prices will go
higher, il is said. because cotton goods
are priced below the parity of current
cotton values. Some business is passing
in bleached goods. Nothing was heard
10 indicate that an early pricing of
spring dress ginghams is in sight
Higher prices for percales are also
talked off but buyers are not in a
mood to hear of stiffened values.
The wooden and worstead trade was
devoid of significant developments.
There is still some buying of fabrics
for next spring. but the bulk of the
initial demand already has been salts
fed. A distinctly encouraging sign in
the wool goods field is the trend of in
terest toward serges and other staples.
The staples are considered backbone
of the industry. and an increased de-
nland for them is taken an indication
that business in the whole field is bound
tc improve. All wool crepes continue to
enjoy undiminished popularity. while
Foiret twills are also in steady demand
The fact that operations in dress
goods mills have been resumed is a
source of great relief to the trade. Job
bers and manufacturers are said to
\ have low stocks of these fabrics. and
buyers are finding difficulty in getting
merchandise to meet present demands
in view OF the long period of curtail-
ment of production.
Although the present demand is
small. raw wool merchants are confident
that the near future viii see revival
Of substantial buying. Manufacturers
stocks are small. and the good business
that they are doing will soon be re-
fiected in better demand for raw wool.
Prices continue to rule firm.
While the local raw silk market was
closed over the holiday the Yokohama
market showed renewed activity. ac
companied by an upward movement in
prices. Later in the week. however
there was slight abatement in the de-
mand, but prices held to their new
levels. There was a fair amount OF ac-
tivity in the local market, while quota
lions showed a stiffening tendency. The
consistent improvement in the broad
silk trade has bolstered up confidence
among dealers and importers that an
increasing demand lies ahead. Manu-
facturers are beset by labor troubles
at their mills in Paterson. The work
ers are demanding an increase in wages.
Business in the raw fur trade con-
tlnues at a gradually increasing pace.
Most retailers received better business
turing the August sales. The retailers
are placing orders with manufacturers
e. cover more than just their immediate
a nearby needs. The consumer demand
exhibited last month has given rise to
the belief that the fall season will be a
good one, and retailers have begun to
~ epare for il in a more liberal way.
The growing demand from retailers has
caused manufacturers to order in larger
Quantities from raw fur merchants,
Trices In the primary market continue
firm. with a possibility OF going higher
as the season progresses as a result Of
limited supplies.
Sales at the childreus apparel shops
have mounted steadily in the last week
or two. due to preparations for the re-
opening Of schools. In the mems and
vcmen's apparel manufacturing trade a
hull in business continues 10 be expert
enced. Retailers have taken care of
their early fall requirements. and as
soon as the consumer starts buying for
fsil the merchants are expected to begin
placing recorders.
The National Association Of Retail
Clothiers will hold its ninth annual con-
vention this week at Madison Square
Garden. More than two hundred manu-
facturers of mems and boys apparel
have taken booths to display styles in
the Garden every evening. VIII II.
Hays. former Postmaster-Gen Her
bert Hoover. Secretary Of Commerce,
and William Goldman viii be among
the speakers at the convention.
strikers returned TO work at the Law
rerce Mass. textile mills last week at
IN wage scale 10 effect previous to the
II he Mills in other sections OF New
FL I and have not yet yielded TO the
union demands, but II Is believed that
they will soon follow the lead taken by