Chinese Cotton—Since Inst week Chinese cotton on the Exchange has weakened and by Thursday there was a drop of about 8 mace for August and 23 mace for January. 'This was further accentuated yesterday morning, This very easy feeling especially for near delivery is in part due to a report that Japanese are prepared to deliver 30,000 to 4,000 piculs of cotton on th' Exchange as against contracts they have there, At the same time the whether in the local cotton districts has been favourable, and the rain of last week-end hag been bene~ ficial, There are no reports of any damage to the crop, while a further factor in the present weakness is that few purchases are being ma cly the mills, Spot quotations for cotton are as follows:—Tungchow 83/838: Shanghai 32: Shensi 82, On the Chinese Cotton Goods Exchange on Thursday a total of 56,000 piculs was dealt in, the day's closing quotations being:—August 31.05: September, no quotation: October 31.8 November 32.15: December 32.05:
January 3
Yarn—The week hay been a very quiet one so fay as business with the mills {s concerned, and clearances of yarn have been senor ally poor. On the Exchange yarn for August delivery is down 3 to 4 mace, while for January it shows a recession of TI, 1. Spot quotation are og follows:—10's 126/138: 12's 185/143: 16's 198/145: 20's 145/159. During Thursday on the Exchange total of 20,600 bales of yarn was dealt in, prices for 10's being as follows:—August 140.40: September 141: October 142.40: November 142.80: December 143.90: January 144.10, Sampin—Thursday afternoon's closing:—August 296.70: September 237.10: October 235.80: November 235.10: December 235: January 234.10. February 294.10, Yesterday morning's opening:—August 282.10: September 233.50: October December February
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