Weekly report by courtesy Messrs. J. Spunt & Ca.
Chinese Cotton:—Our market dur-Week manifested ton' in the Cotton change and prices on the whole may bbe stated to have declined by about 7 cents, Nevertneless, this did no way influence the values of the Superior grades of the domestic growth which were firmly maintained, Stocks of the old crop do not appear to be as neavy as at this time last Your and, besides, the major portion Somprises inferior grades. The indications are tat prices' will rule more oF less at the present level nutt further developments in the American and Indian markets og well in the over exchange which will modify the rates one way or the other. 2he climatic conditions for the new crop are so far favourable but eventualities in this direction should nut be disregarded, "Looking at the situation broadly and taking into consideration the "recent technical. position may be being sound and therefore structive side is to be favoured ana flour in Shanghai are reporied as being low.
Text read from the printed page and cleaned; old type leaves the occasional error.