A very small business is doing in local Cotton; arrivals are very poor. The Mid-American position shows little change.
Exchange has upset all calculations in the yarn market. There has been some inquiry for local mill yarn, but business done during the week has been' inappreciable.
The piece goods market hae not improved. Clearances are fitful and unsatisfactory. Here again exchange is no help. Quantities were slightly increased at the auctions; but prices wore weak.
'A special meeting of cotton and financial interests took place at the Chamber of Commerce, Bombay, on October 8, The Hon. Mr. Marshall Reid presided and said the stocks of imported piece-goods in Bombay were now valued at six crores of rupees. Country-made and raw cotton stocks were aleo very large. He suggested that the Government should be asked to accept the custody of cotton and issue warrants against it. Last season's cotton crop was valued at £40,000,000 sterling. Resolutions were passed requesting the ce-operation of the Government, and special committee was appointed.
Text read from the printed page and cleaned; old type leaves the occasional error.