The Archive · 1936

COTTON, YARN, ETC

(Weekly report by courtesy of Messrs. J. Spunt & Ca.).

Chinese Cotton: The market may be said to have moved ina more or less steady. direction during the. greater portion of the past week. Toward the close a rising tendency was indicated by dint of the appre-elation registered in the gold bar: markets, as well as covering by shorts desiring to balance up their accounts before, the advent of the Spring. festival, While demand on the part of consumers has been rather on a Small scale, there have been comment curately few offerings and prices for spot cotton were equal to those quoted in the futures markets, The American and Indian markets cone Yinued fairly steady throughout. the week under review and. indications, at the moment, as to the future trend, fare that values of the indigenous staple will be governed by. both activities in the gold bar and Amer!= can Cotton Markets, Yarn; Demand has been very slow with easier prices prevailing but in the Cotton Goods Exchange values were firm due to speculative buying. Tenders for the current month are heavy and has increased the stocks in Colton Goods Exchange's warchuuses to over 24,000 bales,

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account