'A contributor to a recent issue of "Russell's Review" sums up the Bullish factors: (1) Heavy consumption by American mills: (2) Vogue of longer skirts and more elaborate dresses; (3) Heavy fain demand for Autamn and Winter goods; (4) Hosiery mills are working full time and stocks are moderate; (5) Visible supplies of raw silk are not burdensome: (6) Raw Silk is fundamentally
Japan's lifting of the gold embargo cheap; Rumours regarding which may bring about a sharp advance in the exchange.
Bearish factors; (1) The peak. of consumption has been passed; (2). Stocks of broad silks are very heavy; (3) Prices of hosiery have gen reduced in spite of the recent advances in raw silk; (4) Total raw silk stocks in New York and afloat show an increase of about 15 per cent; (6) Cumulative into-sight movement in Japan (July/ August) was 9,099 bales larger than cumul settlements for fed. export in Japanese markets, which generally does not indicate high>r prices; (6) Reports point to a ly ample supplies.
New York correspondents cabled that the spot market is dull. Piece goods are moving in good volume, Dut prices are unsatisfactory. The thrown sill market is dull.
Easier advices from Japan will probably cause further pressure, Cotton On The local Cotton Exchange, Yarn jis down on the week by about Tis, 4 for November and about Tls. 1 for April whilst Cotton is lower by about 25 candareens for November and six mace forward.
Clearances from the Mills hava been moderate.
In their weekly report on China' Cotton and Yarn, Messrs. J. Spunt Ca. write:—
China Cotton Prices in the Colton Exchange' gradually receded during the past week and show a decline on the whole of about of Tis, 0.50 to Tls. 0.75 per picul lower than that registered during the previous period. A little business in better grade cotton reported as having been done for prompt delivery to some foreign ant Chinese Mills at prices of about Tis, 1.00 to Tls. 1.50 higher than the quotations ruling in the local Cotton Exchange, However, spinners in general show cagerness as yet to take in supplies to any great extent at present antes unless there be a material improvement in the prospects for the disposition of their yarn output at more remunerative figures. In the event of a cessation of hostilities in the country being realized soon, it would naturally bring about a greater outflow of yarn to the interior which in turn would serve as an impetus to greater activity in the local textile industries causing a more pressing demand for the local staple to evolve. In the meantime should any depreciation be experienced in the values of American and Indian markets there is every likelihood that such circumstances would ven correspondingly to influence the trend of the markets on the domestic growth and in which event pw chases on every break would be advisable, The market during the past week has been generally weak, with a net decline of three to four taels for near deliveries and about two taels for forward contracts as compared with last week's level, ne to the weakness of the raw material in the world markets and meagre demands from the interior marts, Business for export has been booked some 4000 to 6000 bales in all counts.
Text read from the printed page and cleaned; old type leaves the occasional error.