et, 22, With very restricted financial facilities, difficulties of transport jon and constant fears of int ference with cargoes destined for the interior the Shanghai goods market has reached traordinary state of This, usually the bust the year, is now almost avithout buying orders, consequently prices for such goods that have been sold show a further decline.
The Auctions Both the Kungping auction on October 18 and the Yuenfong sale two days later were spiritless, brot= ors had but few orders in hand and speculators declined to show any interest in the situation. The gen-feral tendency was towards lower prices. Venetians dropped 12 mace, Italians 2 mace, Greys 4 mace, and Whites 4 mace. Country dealers, apparently had not considered it opportune to send down orders, leither because they have been, redueed to such an impoverished state, or that financing arrangements are unsuitable, tht risk of plunder and' the genctal difficulties of transportation compel them to leave business. strictly alone for the time being.
Cotton, Yarn, ete, American Cotton has dectin-4 about 130 points over the week due principally to favourable weather Jand Southern hedge selling. This decline has had its effect on China Cotton, prices having been consider~ ably reduced, and at the moment there are more sellers than buyers.
Whilst clearances have been moderate there is very little demand for} fresh business and_ the, tendency all round, beth in Yarn' and Cloth is towards easiness. Arrivals local Cotton are steadily increasing, but complaints are numerous of the excessive watering of most varietier.
New Youx Corton Manker—
The market opened weak on favourable weather and declined furth: r on Southern hedge selling and xen-
Australia Sheep: Wool Gante Week Caimets Woot Hides Cotton (Chinn Grnes Untanned Sheepskins Rugs, various 20.10, lowest December 19.65. Silver, New York 56-4, London 25 i2.
Livenroot. Coren Manket—Quotations:—American middling _January 10.71, March 10.66, spot 11.29, Exyptian Sakelaridis spot 18.85
Text read from the printed page and cleaned; old type leaves the occasional error.