Chinese Cotton—On the local Exchange cotton was steadly until Thursday, when a drop took place, jand at the moment it seems rather weaker owing to the strikes which jate taking place and A further striker ness done has been of small dimensions. Spot quotations are as fol~ ows:—Tungchow $1.50: Shanghai weak and at the same time the 9 Shensi 31, Thureday's d political situation has given ing quotations on the Chini weaker tendency to y: in which Cotton Goods Exchange were comparatively little actual business April 30.90: Mae 31: June is doing. july $1.20, August 91.80, So far as exports are concerned, position of yarn is the principal feature seems to be overshadowed by the strike and the scanty nature of supplies.
The Political situations, and there is future of silk is undoubtedly under Tittle actual business, Although the influence of factor, and it clearances have been fair, it is noticeable that dealers are not reported that most of these a1 making preparations for the coming being delivered on the Exchange feason, as they have done at thi against sales of yarn made for time of year in the past.
March delivery, March settlement Piece Goods Jon the Exchange, instead of being ferried through during the last few After having been in abeyance) for two weeks, the auctions were days of the month, has been extend. ed to April 15, owing to the strik again held this week, when small quantities were on offer.
The de-which have occurred, Spot quotomand seemed to be of a business to} for yarn are as follows:— nature, the speculative element being almost altogether absent, and generally speaking prices were on higher level than was the ease at} the previous sal For this support there are several reasons which may be adduced, all of which seem be sound. The level of prices at the moment is very low, and stocky in consuming centres are becoming exhausted, and apparently, coalers are prepared to take every opportunity such as the present to make replacement In addition to this, consideration! has to be given to the reports current of boycotts, although in the! majority of ces tendency towards any boycott sect Ningpo, a period of three months has been given for all foreign cargo to be sold, and that at the end of that time everything rem ing will vase [be confiscated.
10's 120/129: 12's 128/198: 16" 182/142; 20's 135/149. 'Thursday' closing quotations for 16's on the Exchange were as follows:—April 135: May 196.40: June 197.70: July 138,80: August 139.50: September 139.80. silk There has been little change in the silk market during the week, Asmall demand for Szechuens from Europe has taken place, but prices have remained firm owing to the influence of depleted stocks.
Normally at the present moment: merchants would be _mé parations for the coming forward sales should be looked for, but on account of the labour tion there is ug tendency for any such business, and apparently the filatures lack confidence to make contracts.
Japan reports a firm market at steady prices.
Text read from the printed page and cleaned; old type leaves the occasional error.