Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-24

Inquiries and Limited Purchases Are
Mostly of the Finer GRADES

Limited activity in the local wool
market is ascribed by dealers to re-
action in buying, according to inc
weekly review Of trade in the Philadei'
phia district by II. q. Dun 4 Co. In.
quiries and buying are mostly for the
finer grades. Prices show q softenins
tendency, although, at present. fairly
firm. A waiting policy appears to pre-
vail among buyers and future better
ment Of the business appears to be de-
pendent on tariff action. r, ~
Yarn dealers report little change dur
ing the week. There has been little
buying and prices are unsettled, Deal.
ers are generally optimistic and feel
that business will improve n the s.1n,ne nsae
frmer. It is believed much higher
prices will pfevail in the fall.
| Continuing, the review goes on to
| Manufacturers of mems and boys
clothing, due to the Easter trade, have
increased their business to a fair VOL
ume. Prospects appear more favoraDie.
Shirt manufacturers report suhe
Improvement. Many plants are work,
ing 70 capacity, suleS dfV ie
considerable Improvement is noted.
Goat, suit and dress manufacturers
report soine increase, although buyers
are placing small orders for. immediate
needs.
wholesalers and jobbcrs of cottons
and piece goods say there has been some
increase in the last month or two, al
though conservative buyers are not
placing any future orders. Orders arc
small and for immediate delivery.
Wholesale grocers predict q STEADY
larly on canned goods. had a heavy de-
cline. Canned tomatoes, In large Jon-
bing way, have declined from II 20 to
81 o peer dozen for No. 3 tins and from
sl.25 to s1.1o for No. 2. Packers are
on basis of $1.15 for No. 5 and eighty
cents per dozen for No. 2. These hg-
ures Show a heavy reduction IN price
and tend largely to increase consump::
tion.. Canned corn declined from S!.xo
to ninety cents in large jobbing ways;
General trade In canned fruits and
dried fruits have passed necessary re.
construction period and healthy demand
at normal prices is predicted.
Coffee opened at decline OF two to
four points, owing to easier conditions
in Rio exchange. The market closed
two points higher. Sales are moderate.
Spot coffee is quiet, with no fresh oners
in cost and freight market.
Tea Is fair, with prices firm, owing
to scarcity of supply in hand. Tea Is
considered good property: Consump-
tive demand is normal. Raw. sugar is
strong, with spots unchanged at two
and half cents for Cubas. REFINED
is firmer and unchanged to ten points
higher. Fine granulated is listed at
So. 40c to $5.5Oc. Demand is active, both
for domestic and export. Three re.
fineries have advanced their prices to
$3.50 on refined.
paratively quiet during the last week
and few inquiries made for old grades of
PENNSYLVANIA and Connecticut, which
are still held at high prices. but there
is said to be falling Of prices in the
new crop.
porto Ricos are being inquired for
and prices are said to have declined.
Sumatra and Havana are only in fair
demand for immediate uses.
1.-The large cigar manufacturers are
doing a moderate business. but only a
few are working to capacity. The
smaller manufacturers are compare.
lively quiet and not thought to be max
.7"The local retail cigar trade Is in fair
condition. There is a tendency toward
lower prices of standard goods, but |
cutting continues to some extent and |
profits are not very large. Collections
are slow.
''The leather market shows improve.
ment. Orders for sole leather are in |
greater number and volume. Prices re-
main steady. Glazed kid dealers are
doing about normal business Raw ma
terials. however, are high and prices |
continue firm.
"Shoe manufacturers report improve
ment, shipments exceeding those of the
same period last year. Orders ahead
are not large and there is tendency
among retailers to hold orders later
than usual"
Special Meetings.