During the week under review world wheat markets have been very quiet indeed. The principal export tug, counties dd not find it aay. to dispose of large quantities. Act prices have declined all over th world. Prices in the United State are only slightly lower, while prices
mately 10 per cent. The fact re.
Canada have declined "approxi mains that Canadian prices will continue to fix values for wheat all over the world.
No foreign wheat business has been transacted in Shanghai. On the other hand, deliveries of Chinese wheat are becoming smaller, but, at
several of the large mills in Shang the) same time it ts reported hat will close down since flour prices in Shanghai are so low that mills cannot operate without loss. ish direction, and as mills' takings are still confined to hand-to-mouth policy, the prices on the local standard. "cotton immediately reacted downward, evolving a net decline of $1 per picul at the close as compared with the highest figures ruling during the early' part of the week. Arrivals are increasing daly, partculaey "Ningpo "cotton, which meeting with rather' small absorption. It is reported thas some demand for the silky staple emanate ed from some of the local Japanese mills, but export business has been rather quiet. Marketing "of the new crop in most, of the "cotton centres commenced earlier this year than jin the previous. seasons, and with favourable weather conditions continuing during the next month a heavy movement of all growths be "reasonably expected. reported that part of the Japanese long. position in the Chinese Cotton Goods Exchange has been liquidated and that one. of the prominent Chinese mil owners. i credited Being the largest seller of October cotton.
'About 11,000 bales of American cotton from the "$50,000,000 "loan arrived yesterday, part of which is tended' for delivery to Japanese terests against old commitnvents. 'Several conferences have been held regard to" methods of disposing of this loan cotton, Lut it appears that nothing. of a satisfactory. nature hi resulted, It is reported that' the mills. are asking the Government "to raise funds' to support. the yarn market first, before they decide to boy up Government make no pro-the cotton at market rates, but the
mises of any relief measures at the Brecent ime "unless the cotton is Quickly disposed. of atthe pur: chased rates so that sulficiont funds evolve to meet Government's quirements and at which time the jovernment may set apart a. Portion of the receipts for the relief asked for.
Yarn: Actual demand continues slow, though some improvement set in when compared with that of, ist week. Two of the most prominent_millowners have taken up about 8,000 bales of yarn futures this month, in consequence of which the general sentiment in the market has changed to a certain extent and closed with a steady undertone, Of course any material improvement
Text read from the printed page and cleaned; old type leaves the occasional error.