On the local cotton exchange, after ai decline in the price of yarn fat the beginning of. the week, rates! tage of the firmness' in the foreign hai fibre; and they are confident that when a general demand arises, their expect ion of better returns will be fully realized. Spinners, on the other hand, are not inclined to any heavy commitments as they are fairly well supplied for their requirements for the next three or} four months. Taking the foregoing, into "consideration "it therefore {follows that the indications for the moment are for prices on the do-mastic staple being maintained, around the current Yarn—Pluctuations inthe yarn market during the past week have been nervous and erratic, but. the! tendency at the close evolves a little: firmer aspect due to some improvement Leing manifested in the spot deliveries of 20's and 10's yarn, coupled with rumours of buying: support by some of the lead millowners to sustain the prices in [the Chinese Cotton Goods Exchange in that the value of the standard, yarn futures has come down a little too low when compared with that the spot market. Business for export has been booked some 9,000, to. 10,000 bales in all counts and prices for spot deliveries remained steady position, been booked, with the possibility of another 60,000 tons, not yet booked.
The early imports came from Saigon, But owing to a local situation in Indo-China connected with the demonetizing of the piastre and putting it on a gold basis, prices in Saigon became very highland out of parity with Burma. In consequence Burma became the chief source supply. Latterly Burma, seeing the tremendous requirements of Chi rushed up prices, and these in connection with the less favourable exchange for rupees have somewhat! cramped business in recent weeks.
Prices per zar are as follows:—No. 1 Burma about $16:—No. 2 Burma, about $15—No. 3. Burm about $14.60.
Saigon Nos. 1, 2 and 3 quality about 25 cents above the—Burm rates.
Text read from the printed page and cleaned; old type leaves the occasional error.