(Weekly report by courtesy of Messrs. J. Spunt & Ca.)
Chinese Cotton: Prices moved upward during the past week to the extent of about $1.75 per Shihetan owing to various factors such as a {fair Volume of purchases of Lingp2o, Shens! and Shanghai cotton having been made by consumers: bullish operations in the Exchange by the speculative element which is, for the ime being, neglecting its interests in arn; and lastly the gradual advances in the foreign markets which is to certain degree influencing local mark-els. The diminution of certain quallies of the domestic staple Is now becoming more and more discernible and_as the demand for such grades constantly existent, indications point (oan. enhancement in. their values in the not distant "future Therefore purchases even at current rales may eventually prove profitable.
Yom; Demand has not been as persistent as was experienced In the previous period and there being no heavy. speculative movements prices declined some $4 to $6 per' bal Owing to the proximity of the year end settlements and the somewhat financial stringency now prevalent appreciable advance is likely to take place in the Immediate fulure, eral 3
Text read from the printed page and cleaned; old type leaves the occasional error.