The piece goods market is some-quieter than last week, but} this is perfectly natural considexing the near approach of China New Year and the continued unleartainty of the political situation. The drop that has taken place in exchange largely precludes the possibility of any volume of trade with Manchester, even were the other factors not in operation.
In regard to the auctions there was very little change from a week ago. This week's were the last auctions for payment prior to China New Year, and so it was only natural that prices should be weaker. 'The fluctuations, however, were within very small' compass, and where values declined it was) owing to the generally expected absence of orders for this auction.
It is fully anticipated that the next week or two will see a complete recovery of values.
Cotton, Yarn, ete.
China Cotton—Prices of China cotton continue to advance. Arrivals! are generally well maintained, except in the ease of Tungchow which is rather slack, while Shensi is appearing in larger quantities. Spot quotations are as _follows:—Tungchow 89.50/40.50: Shanghai 39/39.- 150: Shensi 39.50/40.50: Hankow.
98.50: Ningpo 38.50 Yesterday. morning's closing quotations on the Chinese Cotton Goods Exchange January March May 39.05. On the Cotton Goods Exchange the last market for cotton, December delivery, will be December 26, while! delivery day will be December 80.
'Yarn—Actual business in yarn' during the week has been small, and. ithe same applies to cloth. Deliveries have been fair. Yarn quotations on the Chinese Cotton Goods Exchange yesterday morning were as follow: December 169.20: January 166.20:
Text read from the printed page and cleaned; old type leaves the occasional error.