The world markets for wheat are very firm all around. The Chicago Board of Trade reopened on March 16 and prices show an advance of fully 30. per cent. This improve ment in values is due to the poor outlook for the new American winter, wheat crop. Prices in Canada have similarly advanced 33 cents per bushel which is about 7 per cents and Austr and Argentine Driees wre also much higher.
The local market has been extrem moly quiet and has not yet followed the advance in world markets, Shanghai millers are very reserved ut would Tike to buy at last week's prices which naturally is impos Tu spite of the firm tendency all over the world, the local flour market has been' rather quiet wi prices falling off instead of advaning, which "possibly ix due to a nished demand, COTTON, YARN, BTC, Weekly report by, courtesy of Messrs. J. Spunt & Ca, Chinese Colton:—Whatever business that transpired during the past week maybe characterised as having been done ona hand. to mouth tania, so. that prices with
Mtoady at the close.. The market for hardly any Auctuations remained forward contracts. has been rather firm during the latter part of the week "and the rates appreciated About halt a tach per plew! due to herts covering und speculative Suying influenced by the revival of confidence in the U.S.A, markets and the advance of about 80 points in New York Cotton futures, However, the general sentiment in the trade, fat this time, while not decidedly Bearish for the immediate future, is strong. in the belief that any ap-Dreciation that will be experienced will not be of long duration,. Unless shows. improvement or becomes mor stabilized, the technical position indicates no advances. either in_ the indian staple, Spine before, show no keenness Yor the time being to replenish their i Fedquivenents at. rising. prices and Dalticuiarly so at a time when they Bnd it dien to dispose of -vheir Droduets at rates even below cost.
'Yarn:—Fivetuations. in the yarn wavket during the week under re-View have been nervous and enatic the tendency on the whole has teen on the easy. side with very Small absorbing. power. being' mant-Fested while. offerings, have, been plentiful, in that all the mills are wrens to. reduce % 200 AS pos ible their ever. increasing tock reported. that recent "hedge sales on the part of producers have Been done tothe extent of " 6,000 Dales and new tenders of yarn' for this month Ts estimated to be around '7000 bules.."Those who are expected 4 take delivery. ave. bankers Who carry game for short periods for the wake of the interest" accruing
the redawns without, going. into Resco, ct the, sis aman, actual consumption. 'Therefore, 50 Tong as the stocks in (he warehouses are' accumulating daily and prices for forward bein higher than for oar months, there appears, to. Hidde opportunity for. any" bullish operations and the trend. inclines More to a downward tendency than Shanghai Market per pi
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