The Archive · 1938

Bombay Cotton Market

Bombay, Feb. 26.

Resistance developed, around Rupees 180 for fully good broach in the Bombay cotton market during the past week. An increased supply of contracts from profit-taking resulted in widening of the parity foi relative American cotton, but there were still no signs of a broadening of export enguiry.

Increased crop movement is likely to temper local bullish enthusiasm, signs of which already reflect a change in sentiment, Furthermore, higher prices are tending to bring out cotton hitherto held by farmers May 9414-9414 unc. May 5034-5034 July 897-8934—i4 July 6056-6054 Winnipeg Wheat Montreal Silver May 128%4-128%4—1 Mar, 44.50B-90A—30 B—Bid. A—Asked.—Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

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