Durirg the past week American cotton has dropped about 50 points in spite of the Government's cro, estimate being bullish. This thad an influence on the market het either reduce spindleage or stop night shifts if the yarn situation continues on the downward trend and from prerent indi may not expect any improvement in the yarn trade until after the Chi nese New Year festival. over both yarn and cotton, yarn having dropped about Ths, Si as compared with a week ago.
Mills generally seem to be averse from buying Chinese cotton, og the quality this year is by no means good, and certain Indian cottons are comparatively cheaper.
It is said that certain Chinese mills are now going on short time fend that some have actually dozed ely in view of the bad trading ditions, Clearances of yarn have been only of small dimensions, while the demand for cloth has been fair.
In their weekly report Messrs. 3. Spunt China Cotlon—Outside of the usual operations on the local Cot ton Exchange, our market during the past week remained in a more er less dormant state being practically devoid of any demand on the fort of consumers. generally, who, Doing well supplied for their quirements for the next few.months with foreign fibre which is sti comparatively cheap at_prezent and doing cognizant of the impracticabiity of the domestic staple being exported to our industrious neigh Spot ex-mill, pot ex-mill U-Ginned, Spot exit ingepo, Spot ex-whar Tone of the market: easier,
Text read from the printed page and cleaned; old type leaves the occasional error.