The market for Mid-Americans has been dull during the week.' Reports from New York state that there is no reason for any material advance in prices. The latest New York quotations are 7.96 cents May and 8.38 cents October. The latest Liverpool quotation is 4.36d. May/ June and 4.60d. January/February 1916. Local cotton prices have improved during the week, and arrivals were fairly satisfactory. The market was inclined to be firm at the close.
Business in Indian yarn is +e ported in about 2,000 bales, at ces Tls. 3/4 above the level of las week. The market in Bombay is reported very firm, prices there having gone up considerably. It 's reported that importers. have bought about 15/20,000 from the mills in Bombay.
The Japanese yarn market oontinues to rise, and business in about 5,000 bales is reported during the week at advanced prices.
After the heavy business of the Previous fortnight, business in Jocal mill yarn waa rather quiet. The tone of the market, however, good. Business is reported about 2,000 bales.
PERMATA RUBBER ESTATE, The report of the directors for the year ended October 31, states that the area of the estate is 288) acres with 55,198 trees. The output for the year was 59,375Ib. and the total number of trees in bearing 26,000. The yield for the current year is estimated at 65,0001b. The year closes with a net profit on revenue account of Tls. 19,638.61, transferred to profit and loss account, which with Tle, 21,707.38 brought forward from the previous a total of Tls. 41,342.97, directors recommend should be dealt with as fol'ows:—
To pay a dividend of 5 per cent. on the issued capital, absorbing Tls. 11,399.25, and to carry forward to the new account Tle.
30,013.72.
Text read from the printed page and cleaned; old type leaves the occasional error.