By courtesy Swen, Culbertson & Frits aha' Benjamin & Pots through Reuter Sept. 23 War Loan, 34o¢ (Red) £1017 in mands. This is attributable on the hand to the heavy purchases made by the mills operating near the cotton growing centres, such as Tungchow, Hankow, Shasi, Tientsin, Tsingtao ete, where the frst. pick: ings have been mostly absorbed by them at rather higher basis and on the other hand, the transportation facilities by rail'in Shantung, Honan and Shensi provinces are not sullciently available to carry all" the cotton ready for shipment. Anyhow too early to expect heavy crop movements at this stage of the season the heavy marketing of the new season growth begins usually. October "and in some provinces it will be as Into as November and December.
Prices during the major portion of the week under review moved ina steady direction and fluctuations were within a narrow range. At the close the market evinced a slrm tendency on the brighter prospects in the yarn situation as well' as renewed rumours inflation, as predicted By some authorities in financial circles, in the event of the political situation with Japan assuming a more serious. ect. The foreign markets manitested more of tess weakish Indications with exporters of the new. crop adopting a quiescent attitude.
Considering that spinners feral are practically' bare and the demand for yarn. is more encouraging, the outlook' in. the cotton market for the immediate future appears to be healthy and prices incline to be firmer until stich {me us mills are. well supplied for their near and forward requirements id the stocks both locally ud. the other colton centres shall be showing accumulations.
Yarn:—Business tfansaeted for ex-ort during the past week amounts to about 13,000 bales, both for spot and forward deliveries. Stocks the warehouses of the Cotton Goods Exchanges were considerably reduced fand the latest estimate indicates a remainder of about 28,000 Bales. Prices advanced by about a couple of dollars and the prospect for the Rear future appears to be brighter. So long a8 nothing untoward takes lace in the political horizon, it may expected that the cotton indus-will enjoy more remunerative Felurns than for some time in the ast.
Text read from the printed page and cleaned; old type leaves the occasional error.