Weekly report by courtesy of Messrs. J. Spunt Chinese Cotton: Owing to, the very favourable weather conditions isa pale en ted ment in the domestic ya and the increased curtailment in Chinese spindleage, our market appears to be in a rather unhealthy [and very sensitive state with prices receding quickly m0 sooner any' bearish news ave circulated in the market. While scattered pure! tre reported to have been made by local mills for new crop deliveries, demand for spot has. been entirely, neglected with not even one enquiry to be placed - on August cotton la an unsettling factor, now: the bulls are holding a rather heavy position and unless they take up the Evailable stocks whatever the bears will tender, which may not be in any huge volume, it is anticipated that cur market will evolve considerably ower prices. in the event of the bulls attempting to unload and as the new crop cotton prices are about per picul cheaper it would be nothing but natural for spinners to concentrate their attention to the new crop cotton as both. the quality and price of same appear more vattraative. Tt goes without saying. that with the: exception of Kagust cotton, the trend of the market looks." downward but, the bears had better be forewarned not to become too enthusiastic as reac tions can be reasonably expected to Set in at any moment and more often than not when least expected.
Yarn: Demand. continuing in a very small scale prices receded about per bale compared with that last ruling." Curtailments are increasing but stocks do not appear to. be commensurately reduced. Taking into consideration the lower rates of the raw material and the very. meagre demand emanating from consumers of yarn from the interior marts the outlook in the yarn situation appears to be far From encouraging. unchanged whilst prices in Winnipeg End Liverpool have. declined proximately 3 per cent. There are further features to report The world is satisfied that the crops in the exporting countries wil Sersmaller bat ae the same time the Pequirements in. the. importing fettes are ettinated 9 be "Pus situation in China is unchang-The mills continue to hold of Sind show no particular" interest fOr foreign wheat.
The Shanghai Nour market is very weak which is duc to the seasonable decline in consumption. Prices have ropped about 8 cents per bag.
Tos Janey f for Strived in good condition and com= rom the Argel
pen purchases made by Focal mills on indent.
Text read from the printed page and cleaned; old type leaves the occasional error.