By courtesy of Messrs, J, Spunt & Ca.
Chinese Cotton—While our market throughout the past week showed no Pronounced activity, prices ruled without any undue fluctuations in a steady direction and remained on the same level as compared with that last reported, with the exception of prices on near' deliveries which showed an appreciation of $0.75 due to rumours of bulls cornering the market, being stimulated by the anticipated further advances on the foreign fibre, the steadiness in exchange rates locally and the meagre receipts of the dome: tie growth from the interior mart Spinners takings during the "week under review were more on a hand-to-mouth, basis and on the other hand holders of the balance of the crop of the indigenous growth particularly of those grades wherewith 16s and" 208 be spun, show no keenness in offering and' their reticence is apparently due to their firm belief in realizing later in the season more remunerative returns on their holdings which may be said to be in very Umited quantities, and altogether not ficient to meet the requirements spinners who are not adequately stocked to carry them over to the new crop season. In viewing the situation from the present standpoint of available supplies of the aforementioned grades of the domestic cotton, there is every likelihood of their expectations materializing at a net very distant date, provided no serious reaction supervene in the foreign markets, especially in India, Yarn—There is nothing fresh to! report in, the position of the local wrn_market, and prices ruling are nearly the same as those current in the previous period with fluctuations within a narrow range, and which is likely to continue in that direction for some time to come. "Business for export has been transacted some 6000 to novo bales during the week under Shanghai, Spot ex-m. ale 'Tungchow, Spat ex-mi $43.00 Shensi No: 1'Spot ex-mi S330 Lingpao Ord. Spot excmlll °°". $4730 Lingpao No,' 1 Spot ex-mili".... $3130 Tone of the market steady,
Text read from the printed page and cleaned; old type leaves the occasional error.