(Weekly report by courtesy of Messrs. J. Spunt & Ca.)
Chinese Cotton: While the demand on the part of Chinese spinners Sas been very small some more interest for the domestic growth was manifest ted by the Japanese Mills during the greater part of the week under review. Prices rose up to $2 higher: thin that last current evolving a Grmer tendency at the close. The rise in the values of the domes commodity may be attributed solely to the influence of the phenomenat advances which were being registered uring the week in gold bars, while row cotton in the foreign markets. continued in a more or less steady position. Japanese interests and spe-, curators appear to be bullish in their expectations both as to gold bars and the American Cotton markets and jate buying heavily forward delivery contracts in the local Cotton Goots Exchange. Arrivals from the interior /marts are quila normal for the time being but the trend of the market Jcould be indicated at present only by those who are in a position to judge the situation in gold bars.
Yarn: Although prices were higher by $5.00 per bale when compared with that ruling during the previous period, the undertone is not as firm as that for raw colton, The reason for this lo the adverse political rumours which have been circulating during the last few days and which is causing great uncertainty among the actual consumers. Consequently' the actual demand from the various ports is not as great as it has been during the past few weeks. Further more, Japanese interests are pursuing their usual policy of selling yarn and buying cotton in the Exchange which niethod of manipulation evolves a more or less influence in the trade.
Text read from the printed page and cleaned; old type leaves the occasional error.