The Archive · 1914

The Cotton Trade

Mid-Americans are weakening still further, and latest reports from New York state that the December quotation has come down to 7 cents. Liverpool is also week, the latest quotation being 4.11d. May/June. The local cotton ket has become weak and prices have fallen heavily.

The Yarn market shows cent derable improvement. The market for Indian yarn, which was already showing strength last week, has he-come firmer, and business in about 3,000 bales is reported this week. Prices in Bombay have also improved owing to demand. Japanese yarn has also been dealt in to a fair extent. The local mill yarn has had a decided turn for the better; business in about 3,000 bales is reported, of which 1,600 bales of No, 20s, were sold at Tle. 89 and about 1,000 bales No. 168. at Tis. @6. The outlook on the whole is distinctly better than it has been for some time past.

Although no notable change has taken place in the piece goods market, the tendency is for betterment. At the auctions, prices on the whole were slightly lower than last week.

Text read from the printed page and cleaned; old type leaves the occasional error.

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