The market is unchanged from last week, which means that it is practically stagnant so far as private dealing is concerned. Dealers persist in trying to get under the prices quoted from shoer force of habit through having been indulged for so long, but firms have now reached the point when it has to be insisted that the absolute bottom has been reached. That stocks are required and that business can be done is shown by the fact that dealers, will snap up a lot on a fractional drop. However, they apparently do not fully understand that there can be no' more cutting. A few more—sales havea been made during the week, principally for Szechuan, Corron anp Yarn.
Local Cotton.—The market has ruled quiet during the week. The closing quotations are:—
Tungchow—'Tls. 30.00/Tls. 28.75 Shanghai %8.50/Tls. 27.50 Hankow 2) 28.50/Tls. 27.50
Yarn.—The market has again declined, dropping about Tls. 3 during the week.
Text read from the printed page and cleaned; old type leaves the occasional error.