The Archive · 1924

Cotton, Yarn, Ete

China Cotton—The market for China cotton maintains its strength, and does. not appear to have been affected by the drop in American. during the past two days, Spot, [quotations are as follows:—Tung-

Ningpo 38/38.50. the rates are as follows: ber 40:30: December 39.95: J:

February.39.38: March 39.30: April 39.3 Yarn—Yarn maintains a strong position and the steady advance in price recorded during the past two Weeks has been fully. maintained. Clearances continue to be good, fas the result of the improved si tion more of the mills are being reopened und one or two are about goon full time. Yarn prices fon the Chinese Cotton Goods Ex-[change are ax follows:—November 168.40: December 165.80: January February 10270: March 162.60: April 162,60. More inquiry for cloth seems to be about, but! the business has not yet reached satisfactory dimensions. One factor operating against a return to a jormal condition in this market is the continued closing of the Peking Mukden Railway to ordinary traffic, [which means that one channel of distribution is not at present available American Cotton—Greatly con Aicting reports of the American Jcotton crop are being received, and as these vary as much as 600,000 Dales, it is not surprising that' the future trend of prices is altogether uncertain. New York quotations are as. follo January 24.

24.78: July 24,78: middling spot 24.20: Liverpool quotations:—Jan-wary 1331: March 13.87: spot 13.72.

Egyptian Cotton—Sakellaridis, spot, 26.80.

Bombay Cotton—The market declined on lower New York advices bat advanced on Japanese houses buying. Quotations:—F. G. Bengal Docember/January 404: Fine Oomra December/January 452: Broach April/May 470, closing quotations:—November 362. 190: December 354.50: January February 313.80: March 110: April 338.0 Thursday afternoon's ide. November 260.10: December 52.54 otary February 342.00: Mara 30"

April 335.30: May me weekly report asad ester" case AB Roane adequate to satisfy the developing abe anting power. In the arent of would naturally induces. triner dency inthe rates. of the domestic isp, "Price in the US.A. and Tne fess "steady" position and exchange Pater tending fo be. easier, preclude forthe. moment" importations "of any wsenitade and articuariy" from Tne lias which could" replace to any tage the domestic growth, "Far the Hine being, therefore, the indications incline to" narchosen on riy reaction present' requirements, while avealt= lung Hevelopments in the' trend. onthe foreign Maple. as. such. of fate "have Andlucnced: the foenl markets ten mote Tens extent. The nest "American Government cran reported. to. be pubs Tish am Thea "natant, in doe, Hage ind. instant, Tone of the Slarket i Steady silk The silk market was fairly active at the beginning of the week, but the interest has for some reason or another abated, and although purchases are reported in Chinese circles it is generally believed that these are of a speculative nature, Lyons as well es Milan and New York report a firmer market, but this notwithstanding, orders" are senree, buyers being apparently une willing to pay the rates asked by the =pinners, 'The general outlesk continues to be undecided. As we mentioned last week it seems likely' that the slightest demand from Lyons or New York would sen prices up, while a continuance of a quiet market for the next week or two would induce prices to go down.

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