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本文利用方志资料、档案资料，结合海关史料，对１９世纪末２０世纪初江南丝茧市场进行了较为系统的研究。文章认为：１９世纪９０年代以后，江南土货市场的发展，是丝茧市场繁荣的基础；生丝商品率大大提高，生丝的国内外市场有所扩大；蚕茧市场的发育呈现出区域间的不平衡性；蚕桑商品生产的兴旺、商人群体与商业资本的活跃、多层次营销网络的形成、市场环境的改善是近代江南丝茧市场逐渐成熟的原因和体现；在丝茧市场的发育过程中，又表现出浓厚的买办性、垄断性与投机性。
In this paper, using the local records, archival materials, combined with the historical data of the customs, the silkworm cocoon market in the late 19th and early 20th century was systematically studied. The article argues that since the 1890s, the development of the native market in Jiangnan has been the basis for the prosperity of the silk cocoon market. The rate of raw silk products has been greatly raised, and the markets both at home and abroad have expanded. The development of the cocoon market has shown an imbalance among regions The prosperity of the silkworm and mulberry commodity production, the active business groups and commercial capital, the formation of a multi-level marketing network and the improvement of the market environment are the reasons and manifestations of the silk cocoon market in the modern age. In the development of silk cocoon market, Show strong comprador, monopoly and speculation.