China Cotton—The price of raw cotton is still on the upward grade. No great quantity of the local staple is offering, as holders seem to expect still higher prices. Heavy purchases of other varieties are being made by Japanese, a good deal of it being probably for export. The feeling is becoming general among manufacturers that the raw material is tending to touch dangerously high levels. Chinese cotton quotations yesterday morning on the China Cotton Goods Exchange
Text read from the printed page and cleaned; old type leaves the occasional error.