Oh the local Cotton Exchange cotton is lower on the week by from Tls. 2 to Tie. 23 per picul. "As to the American market, although prices have fluctuated considerably, the closing quotations on Thursday were about the same as before the issue of the last Bureau report, the daily fluctuations having been largely. based upon weather forecasts. Clearances generally have bee: rather poor. New crop Shanghai cotton has been done at about Tls. 34 per picul for October/November delivery, but only in small quantities, Messrs. J. Spunt & Ca, in their weekly report, state:—
"Following upon the issue of our! fardenany" del Th Barseuany? cor nen deliveries, "he dominant factor evolving the "decline inthe local markets isthe influence! roaghe fa bear by the depressions in Mil-Americuns "and Indians with hey tentioond choco:
Feat, At the ose. however, barker during the pont wreck Net down. as. having' been e1ratie lactuations either way ar market the nett charge in prices shows a decline of 2 to "F230
Ing the cumstances, therefore, it would be too presumptuous to predict one way or the other 28 to the trend of the market "dea ions. ut they. devel to-day both here and in Yarn Yarn during the week has declined about Tls. 5 per bale.
Messrs. J. Spunt & Ca. last week's level, Business for export
ales, im all counts and chops."
Piece Goods An increased inquiry from Tien tsin and the river ports generally for Ventians, Twills and Fancies has been met freely by second-hand and in some cases there has. been a out in prices. Greys and Whites have been somewhat in demand, but not in large quantities and' th week's sales have not been striking.
There is a marked objection engaging in much more business until cotton shows some signs of steadying, and clearances at prose! are small, The Auctions The Kungping auction on Tues day showed very little improvement, but since then trade orders hav come through and have been met by speculators. Venetians and Velvets mostly were in demand and prices were steady, Greys and Whites were dull, Owing to late arrivals, Yuen-Song's offering on Thursday was duced to 269 packages. Venetiat Velvets, and Italians were in very good demand and prices were higher all round. For Greys a dull sort of market still existed, but prices not show any immediate signs of a rise, though there may be a change after the hot weather. There was something of an improvement in the China qualities of Whites, for which the demand from Changsha had to be thanked. was also pleasing to see a revival in the speculative demand for Korean chops.
Deliveries of dyed goods have been very satisfactory and considerable quantities have been going into consumption. Chiefly responible for this have been the Chin-fine and medium teas have been made during the week and prices have risen Tls. 5 to Tls. 7 all round, The African demand is still very and, as stocks are rapidly ling, prices are likely to be maintained. The season: will fini-n carly.
Sowmees.—The recent activity of the market has been somewhat halted by the high prices demandes) by the Chinese, and. business la better qualities is difficult. Mos purchases have been made of Coni-mon teas.
Timber There has been a fuir demand from second-hands, but not much doing at Srst-hand,
Text read from the printed page and cleaned; old type leaves the occasional error.