(Weekly report by courtesy of Messrs. J. Spunt & Ca.)
Chinese Cotton: The intensification of the Sino-Japanese crisis up morth caused a further decline in the market of about $2 a picul and ihe continued weakness in the foreign markets may be said to have also served as a depressing factor. Spinners are keeping aloof and would rather wait until the situation assumes a more definite aspect. While offerings of Lingpao, Shantung-American and Tientsin rough grades are more freely made, the holders of Shanghai and best Shensi cotton are still firm in their attitude and prices quoted on those grades are much higher than those current
Text read from the printed page and cleaned; old type leaves the occasional error.