The Archive · 1934

COTTON, YARN, ETC

Weekly report by courtesy of messrs. J. Spunt & Co.—Chinese Cotton:—The Muctuations in the values of the domestic growth during the past week moved within fa more or less narrow range, but to-[ward the latter part of the week a steadier undertone was perceptible. [Some interest was evinced for the better grades of the indigenous staple land a fair volume of business may be recorded as having transacted, the greater portion of which was absorbed by Japanese Spinners, who rightly appreciate the advantage of drawing their' supplies from the domestic Jstocks which are still available at Jcomparatively very moderate prices. The demand, however from the IChinese Mills for the raw material may be stated to have been negligible that their purchases continue for the time being on a hand-to-mouth basis, manifesting thereby a waiting jatitide until such time as a more Jencouraging improvement in the consumption of their output sets in. [While the American markets do not indicate any decided weakness and the Indian markets are steadier, it Jmay be reasonably predicated that no Jmateriat declines will evolve, barring Jany untoward. contingencies, in the values of the domestic bre.

Yarn—The market remained in a more or less unchanged position with prices ruling on the same level og during the previous period. However, Jas the quantity of stocks of Japanese jvarn is evidencing some diminution, ihe undertone in the market ha [become somewhat steadier.

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

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