There has been a distinctly better {feeling on the local cotton exchange during the week and yarn has ad. vanced about Tls. 2 per bale for [near delivery and slightly less for forward. Cotton shows mo great ictuation either here or in America. Considerable business has been done in actual yarn and on Thurs-@ay last about 6,000 bales were disposed of, principally for Szechuan. and Tsingtao. the market is the replacement costs, home prices being higher than those prevailing in Shanghai. This of course, is due ton the bad ex: change aswell as bad market conditions.
Text read from the printed page and cleaned; old type leaves the occasional error.