Owing to the improved demand for yarn and the absence of stocks in Shanghai yarn rose rapidly on Monday last on the local Exchange, closing at Tls. 164.50 for Angus delivery. On the strength of the political trouble with Russia it then declined, and yesterday morning was about Tls. 5 below the highest for August and about Tls. 4 for Decem-
Cotton has fluctuated considerably during the week under review. Yesterday it was about 7 mace lower for July and about steady for December, The local cotton market was affected by the jump in Ameri can cotton which rose about 100 points in a couple of days, Clearances from the mills were very good at the beginning of the week, but have eased off to some extent since, owing to the absence of any big buying orders probably due to the troubles mentioned above, In their weekly report on th market Messrs. J. Spunt & Ca.
China Cotton:—Our market during the" "early bart evinced a weaker "tendency, Urlces, gegintered a" decline of Soper pienly which gtton elt continuing Yavourabie, "At the' close, however, there. oval firmness in the rates, influenced. by shorts covering, which' was intensified by''no ether cause than that of the stade rise. inthe American market brought ubout by" drought in Texas "unneeded in the Eastern, O75 per pical as againat those Fling' during. the previous: period.
Weather conditions during"
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