Apart from the- auctions there has been no interest in piece goods, while even at the auctions the trade demand has been of 80 restricted a character that quai tities have generally been at minimum.
It was only due to the fact that the number of packages offered continued on such a reduced scala that the recession in price was kept down to a small nereentage, for it is obvious that the market is junatle to absorb any large quantity' of goods. Following the capture of Kigkiang the Yangtze ports dropped of the lis buyers, whi Fukien, demand from Foochow practically absent.
To a very large extent Blazks were left alone by the trade, but one feature which was moderately satisfactory was the demand for Velvets. With minimum quantities offering, Chinese Cotton—On the loca!
Exchange during the week cotton, has fallen to the extent of -about 4 mace for near delivery and 6 make for the forward positions. This fall] in cotton has succeeded a very heavy drop experienced in yarn, but ithe decline in the case of the staple has not been nearly so pronounced. Little interest has been displayed in Chinese cotton by the mills during. the. week. Thursday afternoon's closing quotations on the Exchange were as follows:—November 28.60:
December 28.30: January 28.2 February 28.15: March 28.20: Apml 28.20. Business done amounted to 33,600. piculs. Spot quotations are as follows:—Tungcnow 31: Shang hai 30: Shensi 28.50/30: Ning 29.50, Local Yarr—The military situation. has operated strongly against the offtake of yarn during the week and' following upon this a heavy drop Has been registered on the Exchange. This has amounted to about Tls. 4 per bale for near months and about Tis, 3 for forward. Following upon this lower Price, a demand took place on Thursday for some 3,000 bales of 16's and 10's for Szechuan, Thurs-' day afternoon's closing rates on the Exchange were as follow: ber 125.90: December 127: January 128,30; 15,350 bales. Spot quotation 114/122: 12% 128/130: 16's 126/180: 20's 131/144, American Cotton—Quotations for American cotton have ruled. exceptionally steady: in spite of the big Bureau report which now estimates the crop at 17,918,000 bales, with ginnings up-to October $1 of 11} millions. New York quotations:—December 12.31: Jan-silk Generally speaking. the silk market has been quiet although it remains steady. A few transactions have taken place; with, Europe, part-at steady prices and partly small decline. Good chaps been able to maintain their position, but other silks show ateidency to decline, Japan is weak.
Text read from the printed page and cleaned; old type leaves the occasional error.