Name oF Sr0cK 1
Tart all) ARERR aca fy) dao Fac ae! wan at th al His at Hee Ha mater In their weekly report Messrs," Spunt & Ca. state:
'Chinese Cotton:—Our market has had a weakish appearance throu, Jout the past week and prices receded. Jabout one tael per picul both for spot and forward deliveries, The declines are attributable to no Jother cause than the bears' selling [pressure engendered by the weakness in the yarn situation and Jack of support from spinners who axe more or less restricted in their financial capacity by reason of their stocks accumulating with no. imm diate prospects of its realisation into cash, Consumers, withdrawal from the cotton market for the time being is actuated not so much by their anticipation of further lower rates on the raw material as by the gloomy prospects for their yarn output which,.according to the eral opinion "permeating the market, will experience further d preciation. Arrivals from up-Jeountry ports during the last few days show an increase and prices display a rather easy undertone, The crop outtamn in" Shantung Chengchow is not so plentiful as was expected while the production in the Hupeh and Hunan proviner is reported as being very Jarger than that of the in #0 far leas to tend to ime Prove not only the quantity. but talao the quality of the mew crop. Interior movements in. Tungchow: and in the vicinity of Shanghai are jovite normal but absorption by the trade is less active, It is rumoured that tenders against October contacts are plentiful but nothing definite thereanent "can as yet be tained. The bulls "appear to have assumed a quiet attitude at the moment, awaiting further develop= ments. "Inthe " circumstances, [conservative policy. is the best keynote to adopt for the present and effect purchases on recessions at about the Tls. 80 level for forward standard cotton, which would prove Profitable in the long run, Yarn:—Demand is very discourage ing owing to the disconcerting factors jon the Political horizon. While it cannot be stated that there exists locally any stringency whatever in the money markets yet bankers display great apprehension at this Port bills. Stocks In "the intere Stocks in the interior are cert ly ight but. jobbers of Subsidiary Coin Exchange 0
"100; "p.an. 422,000 coppers="8100.
Ba tag Belg oan al 4
4 gin ce unsatisfactory ba and very poor bu; er on the
material improvement in the cotton of. Therefore, any textile trade appears unlikely in the near future,
Text read from the printed page and cleaned; old type leaves the occasional error.