The Archive · 1922

Piece Goons

One big firm, who considered it advisable to meet the dealers as much as possible, and so has been lowering rates week after walk, has at last refused to go any lower and, with the announcement that the very lowest prices have been reached, dealers seemed to recognize that they must name good terms if there is to be any {real tbusindsg. Accordingly, there was quite a revival during at least part of the week. Foreign firms have the more confidence, too, through the knowledge that there has been no disguising the fact that brokers have been paying under their limits. Ilowever, it is not generally believed that there will be any great improvement until after the Autumn Festival, for, with the approach of that date, which is very near now, there will be the usual tightening up of the money market and it will be marked by a week's holiday.

Corron ano Yarn.

Local Cotton.—The market has again been quiet and the closing quotations are Tungchow Tls. 30.00.29.05, Shanghai " 29.25

Text read from the printed page and cleaned; old type leaves the occasional error.

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