with, great rapidity, and. finishes Dating the week yarn has risen
Tinost'His. 10" a. bate higher for Sene positions and Tis, 1 Forward.
Cotton likewise has had a aden orltei tame "Fre advance in cotton, has been caned ory largely. by the" Weak ness in exchange and with what would now appear to be the short crops in China coupled with a very large bull position on the Exchange.
fan has followed suit, but not quite to the same extent. A margin of Tis, 20 a bale on yarn and is. 10 a picul on cotton is now demanded by the Exchange author es, apparently with the idea of jeurbing too violent an advance, but even these measures do not seem to be successful.
very small, but it is expected that The actual demand for yarn, after the New Year holidays things must improve.
The continued imposition of the Privileged Factory Tax as well as the Consolidated Tax is having a serious effect on deliveries from the mills, ax dealers rightly do not see the Justice of paying duty twice.
In their weekly market report Messrs. J. Spunt & Ca. state:—China Cotton:—A stronger _under tone than has been experienced for some time in the past may be said to have characterized our mar-Ket during the week under review and which is attributable on the one hand to a vigorous covering shorts arising from the firm. attitude and aggressive operations of] the local bulls, particularly Japanese, and on the other hand to. the influence of the bullish outlook. in the American and Indian markets coupled with the unprecedented low Value of silver which last practically debars importations of" the foreign fibre for the time being. Holders of large stocks of cotton Very much encouraged in entertain ing" expectations of still higher markets by reason of the firmness how being manifested in the Ameri-
Text read from the printed page and cleaned; old type leaves the occasional error.