Feb, 25, As piece goods merchants completed orders for immediate require: ments, and were not in receipt of repeat orders and remittances, the damand from stock eased off slightly towards the close of the week. Further, dealers have unsuccessfully attempted to fore prices vp, partic ularly where prices are obviously too low and where stocks are short, Clearances during the week have been good and inquiries now are. reaching the market from most consuming centres. The frst vessel to load for Ne chwang is expected to take a fair cargo end there has been large inquiry for forward delivery of general chops with but little actually being booked on account of price difference.
Cotton, Yarn, ete American Cotton is "inclined to steadiness with prices slightly advanced since last' week, Locally China Cotton was very strong. at the commencement of the week but latterly it has declined slightly bringing out more sellers. Yarn remains firm with deliveries of both Yarn and Cloth very good.
In their report on China Cotton and Yarn Messrs. J. Spunt & Ca, write, China Cotton:—Our market throughout the past week manifest-oda steady to firm tendency, and with a little more demand for the local "staple than has been perienced, @ higher level of prices would undoubtedly have resulted, it ein that yarn values evinced further appreciation coupled with, for the moment, favourable. prospects for further Improvements in The fluctuations in Mid-Americans ud Indians during the week tudor review appear not to have influenced the China cotton markets to any considerable extent in that the rates Paling. in the local market are this time apparently regulated by the firmness of the yarn market Which in engendered by the diminaive available stocks both locally and in the interior.
Having the foregoing in view the indications as to the trend of prices cannot but be bullish for the time being while modifications may set in according as the parity in prives for Indians approaches the value of the local staple which is the most attractive by reason of its being the awest in the world at the moment, Yarn:—Since the issue if our inst report our market assumed a more or lest firm aspect and prices advanced by about Tls. 1.00 to Tls. 2.00 higher than that current during the previous period. Business for export has booked some 10,000 to 11.000 bales in all counts during the week under review. silk A certain amount of Silk has cen contracted for Lyons at_ what resemble speculative prices, Lyoat seems to be shut out of the market by the present high prices ruling. 2 fair quantity of new—season's Steam Filatures have been booked for Europe.
Text read from the printed page and cleaned; old type leaves the occasional error.