The Archive · 1939

BRITISH INDIA

Bombay and: Calcutla, London, Feb. 16. Bullion circles here take agitation in the ito investigate; the ican attempt to by" i 1 of silk rj the'

Bombay Cotton Market Bonibay, Feb. 182 Considerable unlondiug.of long and option accounts was witnessed in the Bombay cotton ^market during the past week, following the uncertainty {which prevailed over the American Farm. Programme, coupled with a 10% poorstrade demand and the weakness of) Bombay stocks.

Lancashire and Shanghai were fairly active. in the market, but Japan was quiet.

Cfop from the: Broach districts is Moving freely, with-leading exporters büying daily However, ae they appear to be going long on the basis, while à satisfactory quality is obtainable, rather than covering" sales already made, our futures market "is encountering considerable hedging on that. account.

The. Bombay Budget. Tax. on domestic cloth is not being viewed constructively,—Reuter..

Text read from the printed page and cleaned; old type leaves the occasional error.

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