An easier undertone permeated our market during the week under review which is attributable, on the one hand, to necessitated liquidation on the part of Bulls and on the other, to the continued declines in the American indian markets and while in the interim moderate reactions have taken place in the New York market ours remained quite steady. In so far as actual Dusfness is concerned some of the native spinners being open purchases at current values it is reported that a few thousand bales of the domestic staple have been contracted for by them and consequently prices at the close indicate a steady to slightly firmer trend being stimulated by the further drop in silver as well as the holding policy in the interior marts. During the early part of the week Some 20,000 bales of Indian Cotton were booked by local consumers at comparatively lower rites and as far as is ascertainable the Mills are for the time being fairly well supplied or. well contracted for their near future requirements thus foreshadowing no heavy commitments on the part of Spinners in the immediate future.
Viewing the situation broadly and considering the present depression the textile industries as well as the bearish sentiment prevalent in the foreign markets one may be lead to anticipate no considerable appreciation in the domestic staple. However, no sooner the current political' unrest is favourably modified and the yarn situation assumes a brighter aspect there will naturally be engendered a greater activity in the consumption of the domestic fibre the remaining stocks of whichaare not as plentiful, ticularly of the superior grades, as could have been expected had this year's crop been as large as that of the last season,
Text read from the printed page and cleaned; old type leaves the occasional error.