More Promising Dee. 31.
The demand for piece goods has been well sustained, in fact the active demand is considered in some quarters to be healthier than it has been since June last, with the result that dealers have been enabled to advance their prices for White Shirtings some 3 to 4 per cent-without checking sales. An encouraging turnover has been tran-sacred with Yangtsze markets and as local values in many instances are approximating replacement costs there. would appear to be quite good prospects of adequate returns on November/January contracts. At the moment, however, dealers fare disinclined to increase their commitments and there is little hope of much new business until after the usual Chinese New Year settlement, 1927 has been an anxious year throughout for piece goods, military activity with the attendant diffieult-{es of transportation and finance has confined dealers to operations on established lines only. An encouraging feature in the present situation is the low stocks in various market, this will mean 1928 opening with but a small carry-over, and provided the country can continue under no worse conditions than now exist the market should re-open after the holidays showing greater activity with further advances quotations.
Cotton, Yarn, ete.
Cotton and Yarn have been fairly active during the past week,. and while American Cotton has remained fairly steady China Cotton has advanced about Tls. 2 and Yarn has risen some Tis, 3-4. There has been Tittle inquiry for Cloth and Clearances have been only fair.
New York Cotton Market—The market was comparatively steady until losing: when lined on realising and reactionary theory.
'Quotations:—January 19.49 March' 19.57, May 19-71, July 19.63, October 19-03, middling, spot 20, highest January 19.71, lowest January 19.45. Silver, New York 67 London 26
Bostmay Corton Manxet.—Quotations:—Fully Good Bengal December/January 318, Fine Oomra Fully Good The market advanced on higher New York advices but declined lat cer on profit taking.
Osaka Sanrin Manket.—Closing quotations on Morning &f December 29:—January 240. 90, February 242. 60, March 245.0, April 247.10, May 250, June 251.60.
The market will remain closed until January 4.
Cuixese YARNS—Spot quota tions:—10's 126/136, 12's 140/146, 16's 147/157, 20's 148/160.
Cuixesr Cortox.—Spot quotations:—Tungchow 35/36, Shanghai 32/33, Shensi 34/35, Ningpo 311/32.
Text read from the printed page and cleaned; old type leaves the occasional error.