Wit ge the past twelve months miemnrable, The market was subject durin hay period to the most violent fluctuations ow ing Phe year has opened in anything but an auspicious manner and With every promise of a continuance of the, vicissitudes that the an ti changes in the conditions by which it is governed, so much so that during the whole time it was practically impossible Exchange most puzzling and have generally managed to do the wrong thing, But the recent rise has assisted many in their later look more than three or four days a head with any safety: Phe Native dealers, usually so astute, have found the fluctuations of as to whether there is to be war or not has become almost unbearable, the general feeling being that if it does not come at once it transactions to make up for some of the past losses. Ev scything now turns on the near future course of events, and the uncertainty 8 saly be postponing the evil day to a less opportune moment for the fel iment of what most people in basines here desire. the Males Which aco made, eve-thing depending on the different con/itions under which the goods were bought and financed impbesible to describe ove market, as, rimier the viceumstances. it fs 1 8 Aechledly mixed state, there being no uniformity in Bet e favourable exchange obtainable to-day. This naturally has. weakerng effect on the market and consequently prices against. "At present, for instance, many resiles ave being made norer the equivalent of the tael price they were purchased at, owing Hove's declining tendency at Auction. On the other hand ithas been possible in a few instaness to pub some indent business through. The stringency that has lately come over the native money market is important factor and is now exerting its fall mead of The stringency (hat may be attributed the falling off in clearances. This is entirely due to the war scare, as the native Bankers are calling in their loans and curtailing credit generally.
The give in the price of Cotton in Ltvexroor. at the close of the year was evidently owing to "shorts" squaring up. Quotations ug it as low as Phe public telegram yesterday advised suffered a smart drop immediately afterwards, private advices 14 elute speculators continue to play such havoc with, the Seas 7.024, but to-day we hear private wires are in making it 7, acker it will be impossible to carry on legitimate business. ie our Ivading Firms received a telegram this morning from their marke: ie on friends saying Mr. Henry Neill': final estimate of the crop is 1. 5.090 bales, which is a million and a quarter bales figs in Mascnester, where the market is steady at the advance, Over the official estimate. Evidently not mach faith is put i The Export of Plain Cottons last month to Hoxckoxe and Cit: s3 was '0,000 yards, which makes the total for the year about 934,000,000 yards. quotations can only be purely norsisal far export "goods, but operators here are scarcely likely to pay on the basis 11s. 84d. for 3 yard Mromiticcs from the STATES are ad strong a8 ever, the home, consumption thers ceding the production, consequently Sheetings, ax Uiey are now quoted. in the Exchange. The Bownay market is fisia, and the Greaves Cotton Company's Mills have decided to close entirely for " month, Ratiter less business has been done in Ixp1ax Yars as few sellers are willing to accept lower prices even with the improvement while others are working okort tim give balow the comparative lable of prices current at the close of ths Year of standard makes of goods that aall hero regularly, year in and year out, which we trast will be interesting.
Text read from the printed page and cleaned; old type leaves the occasional error.