LONDON MARKETS.

Shannon News, 8 November 1921, Page 2

LONDON MARKETS.

TRADE CONDITIONS. PRICES HARDENING. A local firm has received the ing advice on the markets from a leading London firm 'of exporters:— Dear Sirs, —We have not been able to send you a satisfactory report, on the state of the market for some time owing to the conditions being so uncertain. It has been a matter of buying from whoever x was holding stock of The particular line one was looking for, and then buying at the best possible price that- could, be got. Wholesale houses for some time have been selling at prices far below the manufacturers, but now that the stocks are somewhat depleted, this condition of things is altering very rapidly. Stocks are more or less low, and buyers "are beginning to operate, whiyli is having the effect of hardening prices. The general opinion is that prices will not go any lower, and as far as some lines are concerned prices are already showing an upward tendency. Manchester cotton goods were quoted this week showing an increase of five per cent on last week’s prices. The weather this season has been particularly fine and hot, and we have had practically no rain this year. 'This phenomenal summer weather has had Ihe effect of clearing up the best part, of (he stock of cotton piece goods and made-up cotton goods.., and there is practically none of this class of goods offering on the market at the present time, The Manchester houses report that there has been an increased demand for cotton piece goods of'ah descriptions for the last two or three .weeks. With regard to hosiery. the - nia i°' riiy of manufacturers are fairly well supplied with orders, and are wanting reasonable time for delivery, hi some instances, as long as from six to eight .weeks. The manufacturers are paying an increased price for their yarns, and as soon as their present i stock of yam is finished a slight rise is anticipated on all hosiery lines. There is. a fair demand for laces and lace goods, and a decided improvement in; the demand for fancy and lace neckwear.

Veils and veiling are as popular as ever. . Woollen .piece goods at the moment k do.hot' to be moving, and there certain annount of stock to ix l cleared up at reasonably low priced. - Linen goods appear to remain firm, and there is a certain amount of business going through. Finance in London tis still very difficult, and as far as’ -one can see is likely to remain so Tor some time ahead. We trust th;a£ conditions are improving in New Zealand, and that business will soon get back to normal.