Shanghai Hankow y 26)
Local Yarn—The recent demand for yarn has resulted in a considerable reduction in local stocks both of cloth and yarn. Of yarn it is estimated that only about 40,000 balles now remain, which is really a very small quantity in 1 London, Oct. 18.
At -a meeting of Messrs. Harrisons & Crosfield to-day, Mr. Heath Clark, who was presiding, said that the outlook was brighter, but ko did not.think progress would go very far until exchanges Were somewhat stabilized and the reparations question was practically: settled.
As regards the tea outlook the bonded stocks in the United Kingdom had fallen from 197,000,- 000 to 140,000,000 Ib. for the year ended last August and provided coarse plucking was not resumed! the industry should experience a! {period of prosperity.
The estimated consumption of rubber was 340,000 tons for the jeurrent year and 360,000 tons next year. He hoped that—elasticity would be given to the Colonial j Offica Committee scheme so as to prevent artificially high prices of rubber.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.