(Weekly report by courtesy of Messrs. J. Spunt & Ca.)
Chinese Cotton: Since our last report there has been practically no decided change in the fundamental conditions of the market and while Ju the Cotton goods exchange an cipient rally toward an improvement Ju the values of the domestic staple became apparent in the early part of the week such was frustrated in its progress by the gloomy and very depressing news from the north and prices receded to the level obtaining during the previous period. Business Ju spot cotton may be said to have een negligible and whatever business. was consummated was done on a due to effected ie curtailments' consequent on poor demand for mills' output evolve ing from the monetarial stricture cooming more and more acute, The weather conditions for the new crop growth continue to be favourable. The American and Indian markets continue to move in a steady posltion which coupled with the steadiness prevailing in the exchange rates may tend to influence our markets in similar direction, "provided the political situation will not develope any way inimically to trading in general, Yarn: Had it not been for the political news from the north gen-orating an adverse influence on this market prices would have shown gradual advances, however, the inherent strength, evolving from the fact that our market is devoid of heavy accumulations has served to maintain values in a steady position throughout the past week with a tendency at the close to continue in the same direction by reason of the drastic curtailments in mills' output.
Text read from the printed page and cleaned; old type leaves the occasional error.