Weekly report by courtesy of Messrs. J. Spunt & Ca.
Chinese' Cotton: Our market may bbe said to have remained as Inactive uring the week just past as during the previous period insofar as the mills are concerned. However, a considerable business may be record-(ed as having been done in the local Exchange solely on a speculative basis and at recessions around 70 ents per 60 kilos Tower than the rates prevailing among the speculative element during the week previous to the one just ended. Prices for spot deliveries have also evinced bearish tendency engendered by sine of the mills absorbing offer ings on a hand-to-mouth basis and the major number of spinners keeping alor and showing no anxiety take in supplies for their future requirements in that due to the heavy stocks locally of both the foreign and domestic staple they do not appear to be very much inclined to make any commitments for the time being, though the values of vara have' not declined commensurately with the recessions registered on the raw material. From reports to hand the weather conditions in the Chinese cotton belt are so. far favourable with the exception of the acreage planted to cotton in the Chili prov-Mee where considerable damage to the new crop has evolved through markets as well as the climatic con-Gitions during the critical period following this month.
Yarn: There has been but very ttle change in the values for spot deliveries but futures have shown a Mecline of about $1.50 per bale. The demand continues to be negligible fand the mills are endeavouring 0 curtail ax much as possible their output which in turn is expected to maintain prices and resist further deand which indicates their undertone,
Text read from the printed page and cleaned; old type leaves the occasional error.