(Weekly report by courtesy of Messrs. J Spunt & Ca.)
Chinese Cotton: Notwithstanding. the firmness in the Indian markets prices for the domestic staple manly fested an easier undertone, resulting a net decline of about 50 cents as against standard cotton, This is at-{ributable to no other cause than the heavy tenders for April delivery which is estimated, at the moment, to be over 70,000 shih tan, of which 50,000 shih tan is said to consist of Tientsin end Shantung rough cotton. There is very tile demand from spinners for the rough staple grades and mill buyers show no Keenness to take up cotton from the exchange. However, the bull syndicate continues strong in their attitude by expressing their intention to take up at least 0.000 shih tan in order to support the market, There is no doubt that the bulls, being well backed financial ly, will carry out their intentions and In' which event it is not expected that prices will decline to any. groat ox-fent in the immediate future, but, {to their operations eventually prov-to, be beneficial, remains to be seen. The basis in the interior marts continues firm and offerings are not. plentiful and if the Indian markets shuld maintain firmness such will make it less favourable for importations to China and naturally prices for the indigenous growth will be upheld and may show no weakness before the advent of the new crop.
Yarn: Some improvement was noticeable during the latter part of the week as some demand arose from southern ports for 10s yarn but the total turnover is far from satistactory. Prices on the whole declined about $2 a bale. It is estimated that. stocks in Shanghai, both in mill and outside warehouses, amount to about 65,000 bales,
Text read from the printed page and cleaned; old type leaves the occasional error.