There is little of interest that has occurred during the week ander review, the high Jevel of exchange having retailed orders from coming in owing to the merchants' evident anticipation that holders will weaken to a commensurate extent to their prices, but indications that this withholding will not be of long duration are shown by the steady clearances which are being made of former purchases, and by the assiduous manner in which the small brokers have been set to canvass the market without, however, coming to actual business, The Bombay Yarn Market is lower with the rise in exchange, though a steadier feeling for some counts ix evinced to-day and there are buyers for Szechuan outlets in the marke Reports from most of the principal outlets inw vive good promise for the growing crops, their eon ons having very greatly altered for the better darin the past fortnight.
The only province from which e-news is not go ix North West Shantung, bnt, alt hong it is a very contre, it ix a rare ove rence that in a country of C size there is not some blot upon the agricultural map. Even fas regganis that part, however, it is reported the drought has at length completely broken and that the later planted portions of the crops will be all right, giving perhaps a sixty per cent total, ug part of the same province (North-East) there is a likelihood of a full crop.
Newchwany advices state that there are some heavy cargoes of produce in the interior which cannot come down as yet owing to lack of water in the waterways, but that market conditions are likely to improve when it is able find its way to the const, Th Barean report for the end of July ives America the condition of the Cotton crop at 75. Based upon the conditions and acreages of both the 1904/5 and the 1905/6 crops, this would give about an 11,200,000 crop, or, on the basis of last season's conditions to the end of aly, 12,400,000 bales. Evidently the figures were below those anticipated, for New York rose 20 points on their publication.
Messrs. ILmmnt & Co.'s weekly report, dated August 8, 1907.
Text read from the printed page and cleaned; old type leaves the occasional error.