Oct. 10.
The outstanding feature of the markets this week has been the [steady demand for local yarn and jeloth which is being taken up at. Femunerative figures. Notwithstanding the break in the price of American cotton which has taken Place, the China" staple remains firm.
Piece goods have experienced a quiet week, Little has been done privately and the principal demand has been for goods which would normally have been disposed of at Further purchases of tea have been made by the Russians, and little "remains to be sold.' The activity of a week ago in silk continued at the start of this week, Piece Goods As already announced, the expectation that it would be possible resume the piece goods auctions this week has not been fulfilled, .|'The principal demand at present is for the kind of goods usually disposed of at auction, and these classes have been readily absorbed by private bargain. Apart from this, however, transactions have been been on a very limited scale.
For the goods in demand the quiry has been' general, and in particular the Yangtze consuming centres have been active. Reports from the north indicate that bus ness is likely to eventuate in that. quarter before long.
Local values remain steady, but the attitude adopted by dealers is to limit their trading to immediate requirements.
Cotton, Yarn, ete.
China Cotton—China cotton remains unaffected by price movements elsewhere, and in spite of the break in the American staple it remains firm and in good demand. Spot quotations are as follows:—
Text read from the printed page and cleaned; old type leaves the occasional error.