Raw Silk Takings Rise In 1938-1939 Raw silk consumptJbn in the Unit ed States should run from 410,000 bales to 420.000 bales, an increase of| 39,520 bales, or 9 per cent, when compared with the last seasonal year's consumption of 380,480 bales, according to a forecast by the Inter national Statistical Bureau. "Based on this figure and the av- j erage percentage of Japanese silk toj total silk consumed in this country, we expect takings of Japanese raw, silk to total 390.000 bales to 400,000 j bales during 1938-1939," says the bureau. "This compares with 357, 600 bales consumed in 1937-1938. "Demand from fabric manufactur ers is expected to show somewhat of an increase as compared with last season The extent of increase will depend on the future price trend Factors such as' increased style im portance of silk, favorable price comparisons during July. August, and September with prices last fall. and inC^^as^d rnnsnn-ipr inrnmp will tend to increase consumption of raw silk. On the other hand, factors such as the low price of rayon and wool, the fine quality of rayon fabrics and rayon mixtures and the sharp in crease in silk prices will tend to di minish this increase in demand. "The hosiery industry continues, to be the bright spot in the situation. Sales at retail have been above a year ago, despite the decline in gen eral business. The need for cover-1 age on the part of retailers and the continued strong position of manu facturers put the silk hosiery indus try in an extremely favorable posi tion to respond to increased retail, sales Consumption of silk by all types of hosiery industries should amount to between 280,000 bales to i 285,000 bales during 1938-39. "The underwear industry con tinues to decline in importance as a silk consumer However, low stocks, favorable retail demand, low prices type merchandise should increase the use of this fiber in underwear. | Further sharp advances in prices 'will restrict its use, however." -