UIET and steady seems to be Shanghai, May 22, the general trend in the Shanghai markets this week.
'A certain amount of local business was done in timber.
Paper business has not been very brisk, being mostly confined to consumers, with dealers refusing to commit themselves at the prevailing high prices demanded.
On the other-hand, native speculators in raw silk have been very active and, funder the influence of the high cocoon prices, purchased about 1,000 steam filature bales; prices locally are still too high. nating partie repr Slack Paity steady" on the whole, with
enelane were 7 cent down, Block sey 3 cone ug Bloc Goaigs 6 cents wp and Black Tans 18 sels vu. Whte Lawns were 10 cents ern alte Shiings 40 cent down, corrox AND YARN
CoFeekiy report by, courlesy_ aeon 3, Spunt & CoS
Chinese Cotton; Our market cone tine frm throughout te past week ening, ut the close, in an advance prics of about #1 or spt cation and a0 for coon rer which Sing to no her ence thane conta support one part of the Sei eae, fluenced by" the sever ieenest in the foreign Semel as" the encouraging omesic yarn station" Spot demand sem sonnet waa of ster fmengre scale and: whatever, busines HTangpred wae" conned to. auch nis x Shen, Huey Tungshow Shanghai Ningpo and icnsn rough ice are suiable for apianing. 183 inf" the_ fact th since the value of standard. yarn' has been {forced up by the speculative element to unexpected high figures, all of the tenderable yarn such as 10's, 168 and for spot yarn remained firm and those in the Exchange, after going' through some wild fluctuations, mani= fested at the close a somewhat easy undertone for near positions due to heavy Tguidation on the part of the Dull syndicate, Some renewed buying for forward months has been notice able and, therefore, the parity tween near and forward values grew narrower. Any heavy retrogression in the prices for forward positions: does not appear likely at present speculators' very much interested in: their yarn operations are more in= clined to be on the long than on the short side, 'Tone' of the market? Sicady."
Text read from the printed page and cleaned; old type leaves the occasional error.