In their weekly report Messrs. J. Spunt & Ca, sta Chinese Cotton:—While the demand for the local staple showed improvement due to the ion lent stringency feireles, prices on the whol fained'a steady position during the major portion week, feature ting fluctuations within.a very narrow range, The American staple sted further low rates after ication of the final crop timate which, including the carry lover of last season, indicates a total supply of 26,000,000 bales being a record quantity in the history of the world, "Such a superabundant supply coupled with the general business depression in the United States for the Foreign sources of supply are entirely' out of line and no Canadia American or Australian flour can Present tael values. T) local market continues to be very. weak, as the north remains out of the market, wheat change at the" be in of the Owing to the higher sterling ex-
week, local mills were able to put Jehase a few cargoes at their ideas of prices in taels, The uncertain outlook and general acute stringency lof the money market' is. bein especially felt by' flour mills compels them to buy on a han mouth basis. As has been reported [several times in the past, exchange is the main rector, and although prices in gold may even increase slightly, with a very' much' better of exchange for imports some business may even yet be possible for forward shipments. Much, however, depends on what the next crop of Chinese wheat will look like early in the spring.
Text read from the printed page and cleaned; old type leaves the occasional error.