Newark post., 1922-06-14

: ing the past three weeks. Manufact.
/ urers of the rougher cotton goods, OF
7 carpets and of insulated wire have
t been large buyers; and producers OF
: hosiery and underwear have also been
= in the market, but their purchases
have been small. Prices of yarns toe
: have advanced, but in some quarters
: resistance to this movement has been
: encountered. The raw cotton market
is more active, and prices have risen
in large measure as a result of un-
) favorable weather conditions in the
: South and of the report that English
: spinners contemplate exceptionally
, large takings of American cotton. The
, wool market also has displayed more
activity than for many months past.
Both speculative buying and that for
mill consumption has increased, and
prices have mounted rapidly. This
has resulted in higher quotations for
both yarns and cloth. Stocks of both
domestic and imported wools, especi-
ally of the finer grades, are low, and
the present statistical position of raw
wool is exceptionally strong. There
has been increased call for wooden
and worsted yarns. The gain in de-
mand for worsteds has been compara-
lively greater than that for the WOOL
en- yarns, in view of the exceptionally
small sales of worsted yarns that have
thus far been made during 1922. But
the total sales of woolen yarns are
still much larger than of worsteds.
Trade in knitting yarns has been
heavier than that in weaving yarns,
although manufacturers of dress
goods and mems wear materials have
bought considerable of the latter.
Sales of woolen cloth have increased,
and fair sized orders have been re-
ceived for delivery next fall. The or
ders placed indicate that tweeds will
be in favor during the coming autumn
and that the staple colors will be in
greater vogue than they are now.
Woolens for over-coatings too have
sold well. Worsted cloth, however,
has not been in good demand.
The raw silk market has advanced
during the month, partly as re-
suit of the small stocks of the desir-
able grades. The market, however,
is only moderately active. Spinners
are taking but little, as the call for
yarns, except from the hosiery in
dustry, is small. But yarn prices, in
spite of the limited demand, are high
er. Manufacturers of broad silk re-
port no improvement. Crepes and
narrow ribbons, however, are fairly
active. Quotations on silk goods have
been advanced in keeping with the
raw silk market. The hosiery indus
try has reported better business. Both
seamless and full-fashioned hosiery
: is in great request. In spite of the
: higher quotations on silk yarn, no
price changes in hosiery have as yet
been made, although manufacturers
: contemplate an upward revision if
further advances occur in raw mater
ials. There is some slight business
in the mercerized hosiery lines, but
very little in the cottons. Orders are
still being booked for the heather
mixtures for fall, although manufac-
turers generally are already booked
, up close to capacity. The underwear
: industry, however, is still dull. Some
fill-in orders for the light weight lines
, have been received, but little new fall
business has been placed. The vol.
ume of fall orders now on hand is
still much below normal.
Manufacturers of floor coverings
report very active demand. Sales OF
: Administers are larger than those OF
'JWiltons, owing in measure to the
fact that this is not the season for
Wiltons. Tapestry and velvet rugs
are selling we'll, especially the TOP
grades. Carpet and rug manufactur.
ers are booked we'll ahead, some in
deed being unable to accept additional
!. orders. AS a result of the small
stocks now in the hands of retailers
rush orders are numerous. Prices OF
Administers and Wiltons are firm
but tapestries and velvets in some in
stances have declined from to 1C
per cent. The only disconcerting ele-
! ment in the carpet and rug industry
at this time is the labor situation
3 Three small strikes have been report.
ed during the month. Two of these
have been settled, but the other is
8 still in progress and offers little pros
pect of an early settlement. The lin
oleum industry has also received an
exceptionally large volume of orders
8 and operations are proceeding al
capacity. In spite of a rising raw