Cottons. All Cotton shares have been very active and register a further advance on last week. The drop in exchange and the rise in Yarn subsequent on Stechuen dealers buying has materially hel ed to keep a strong market. Ewos were in strong demand with the rate steadily advancing showing a rise of over a tael on the week, the closing prices being Tls. 20.70 Sept. and Tls. 21.60 December. As there appears to be no reason why the present price of yarn should not be maintained we look for a further considerable appreciation in all cotton shares. Shanghai Cottons (Old) after being more or neglected for some time came into shared in the rise and now stand at Tis 70 cash, Zoong Sings attracted considerable attention and 1a good volume of business was done: until at the close buyers offerd Tls. 12.50 for cash shares, Shanghai Lands continue to be in steady demand with business reported as high as Tis, 163). C. G. Omnibus. A good all round enquiry for this stock raised the price to Tls. 153 cash and Ts, 16.60
Sept. with business done at Tls. 16 December. Shanghai Trams, show a slight advance on last week's rates with buyers offering Tls. 21.- 75 with few shares coming out.
New Engineering Ord. A good business was done towards the clos at around Tis, 8.20 Sept, and 8.60 December. Shanghai Docks Buyers predominate in this stock and all shares offered were readily taken up, the market closing with buyers at Tis, 149 for cash, Shanghai Wharves. Business was reeorded at Tis, 191 and Tis, 1984 and later Tis, 196 was offerd with no response.
Text read from the printed page and cleaned; old type leaves the occasional error.