Business at 2 Standstill With Approach of New Year Jan, 21.
Chinese dealers have hardly discussed business during the week being too fully occupied with the usual settlements inseparable from Chinese New Year. Clearances of piece goods have been very small but there has been some trade inquiry for. shipment immediately' after the New Year and a few second-bane sales have been report ed to Yangtsze and Szechuen merchants, Dealers on the whole remain hopeful for improved trade on the re-opening of the market, and as far as can be learned most dealers have been able to close their annual accounts satisfactorily.
Cotton, Yarn ete, The Chinese Cotton Goods Exchange Ltd, closed down on January 17, when rates both for Cotton and Yarn were slightly lower han the closing quotations of the previo week. Dealers have not been terested in business during the last few daya having devoted most of their time to adjustments of settle-Cotton been. rather easier. ments and accounts. American
Clearances, as usual 28 this time of re been poor, and it will after the annual holidays before business will be resumed" on normal conditions. Dealers ju this section of the market also express the belief that, provided no Gisturbing factors arise, " trade should show an improvement on the resumption of business,
Text read from the printed page and cleaned; old type leaves the occasional error.