Weekly report by courtesy of Messrs. J. Spunt & Co:—Chinese Cotton:—Aithough the ttle "business that was discernible during the past week may be charac tensed as having been done on a liliand-to-mouth basis, yet prices on the local staple are gradually moving fon an ascending scale both for near and forward contracts, being. pr sumably stimulated by the advances in the American and Indian markets, and the steadiness in silver exchange. The bulls are being actuattheir policy by anticipation of further appreciation of the foreign Libre and by the gradual diminution of the stocks of the indigenous growth, being confident that sooner later spinners will naturally draw their necessary requirements as much as possible from. the carry over of the domestic crop before They will make any expansive com= mitments for the staple from abroad at very much higher rates than that ruling at present on native growth. However, for thi time being spinners in general appear to have adopted a. waiting Attitude until some improvement in the consumption of their output materializes, and in the meantime} their takings of the will, be governed by the dally developments in the yarn trade.
Yarn:—Our market continued in a rather quiet direction with slight recessions from that of the previous period, and prices appear to be supported in a more or less degree by the firmer tendency in the values of the raw material which, from a Statistical point of view, is likely to move further in that direction.
[Shanghai, Spot excmill Tungchow, Spot exer Shenal No. 1, Spot exemii Lingpao, Spot ex-mill Tone of the marke
Text read from the printed page and cleaned; old type leaves the occasional error.