The Archive · 1929

China Cotton

Writing on the position in the markets, Messrs. J. Spunt & Ca. say that throughout the past week our market dispel syed a leady tendency and ends 'a net advance of 'a few mace.

Spinners takings ha been on a fair scale and their posi-to-day may not be considered warranting any attempt to force prices, The high grades and better staples are not as plentiful as woul! bbe desired, however, a great deal of the demand inclines more tower. that direction than toward that of the inferior grades. For the present it seems as if our market has all the ear-marks of having reached a temporary halting place with little position on either side to try more than scalping operations until ard deliveries lis been bought up by the Canton dealers. The on te look at this time is rather encour aging and as soon as the political situation evinces any peaceft ul prospect some more improvement the yarn trade may be looked foi ward to. down 13 to 448; Union Pacific, down 8% to 223; Vanadum, down 128 to 56, and Westinghouse E, & M, common, down 53 to 1493.

Following the weakness in Ana-conde, coppers were easy. Kennecott was down from yesterday's 628 a close to-day of 603, but both Rios Boge cxthart, M6, y' Spot zis, [Calumet & Hecla and Nevada Consolidated were up slightly, the 3190 former by f to 88%, and the latter 00 by B to 888:

Utilities were slow. Consolidated 3350 Gas of N.Y. was off to 102. arker: steady.

Sik Columbia Gas & Electric rose slight ly, going up & to 798, A very dull week has been perienced with practic quiry. No business has done although prices are weak er but not law enough to intere: st potential buyers,

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

Your account