Weekly report by courtesy of Tessrs. J. Spunt & C
Chinese Cotton:—Actual business ansacted during the week under view has been on a very meagre lo and notwithstanding the very niall arrivals of the new Season crop om the interior marts and the conderable damage done by the inlemeney of the weather to the quality "of the unpicked cotton, a uirly" large quantity of which stilt mains on the fields, prices declined other by about 70 cents per 50 Bos, lower than that last. reported. ne' to the weaker markets now tevailing both in the U.S.A. and dia the general sentiment. engenfred in the trade is for the time ting more bearishly inclined than otherwise. An additional factor hich is adversely influencing the blues of the domestic cotton, Is the slevous depression in the yarn ade which indicates ever weakening ut of the USA. textile. strike ding arrived at in' the. very' ture, such will no doubt serve. to fuse' strength in the values of the 'w material which will be. more oF 4 reflected in the local markets and ving the foregoing in view pur-dases on recessions will, in the tong 3m, Depve-to be profitable, 'Yarn: Due fo the very poor demand mills' output. prices. during' the ist Week declined further by about per bale and the outlook is not encouraging for the time being. hanghai, spot ex.mill lungchow, spot exemilt 0°...) herist No, 1, spot ex-mill". Intpo, spot" exeWhard ya. sss 'Tone' of the market: Easier
Text read from the printed page and cleaned; old type leaves the occasional error.