Shanghai, Mar, 13.
Recent advances in the American cotton markets are considered by local operators as being more of a speculative nature than otherwise, and that therefore the technical position Is weakened at the present high price level.
Demand has been slow In the yarn market and prices show no improvement. Rises continued Im world wheat markets, the Shanghai wheat and flour markets, in contrast, being inactive and going even further Out of line of export parity.
Text read from the printed page and cleaned; old type leaves the occasional error.