Weekly report by courtesy of estate J. Spunt & Ca:
Chinese "Cotton: Considerable activity manifested itself during the early part of the week. under review, much aa to have infused a certain Srmness in the prices, which how. fever, was shortlyed, in that towards the" case there ensued perfect calm brought about by the general Feticence on the part of consumers who appear to" fave covered. their necessary requirements and would father leep aloof from any further fommitinents for the. time being. ong liquidation of old contracts by way' of taking prods appeared to be quite heavy toward. the end of the Week which encouraged the bears Withhola om covering shorts, one the interim new buyers are more less esting to enter the market Prices on the whale. throughout wreck have inno way shown any Iharked changes and remain the same those ruling during' the previous "American cotton continued ina steady position and it may be pre fumed "there willie mo" material Fetrogresion Inthe near future, Thdian wales keep very frm aving searcty of contracts und continued STopaneve buying of both ready cotton and hedge contracts, Silver exchange Shows no. improvement for the Drevent and consequently bookings St any foreign bre do not appear {o be likely in the Immediate future quieter.
The highest point was reached on June 1st when September wheat in Chicago was selling at $1.07. In the meantime, the market declined by almost 10 per cent.
'The wheat situation in general represents a weather question and it has to be seen whether the damage caused drought in the United States of America and also in other, parts of the world will actually be as' ser-fous as anticipated,
wheat position, prices in general Considering the statist word must still be considered high.
The sharp advance in Chicago had only little influence in Shanghai because prices for native wheat continue io remain low and prices for four quoted in Shanghai are about the same as at the end of last week and have only advanced a few cents during the past month,
Text read from the printed page and cleaned; old type leaves the occasional error.