There is no market for English} Cotton Piece Goods but. Japanese ard local goods have advanced ten per cent. this week, as a result of the devaluation of the dollar, new levels brought about by the cent currency legislation.
The Shanghai Flour Market shows small advance on the week but prices continue well below replace ment cost.
Yuenfong Auctions Only 49 packages were disposed of at this week's Yuenfong Auctions' Market but prices obtained showed a smart increase, which was due undoubtedly to the present attempts to}
Native consumers and local speculators were in the Raw Silk Market during the past weel: with the result that prices advanced approxi rely $50 per picul. Foreign buyers show little inclination to operate on Fast uctuations were absent and the average range of movements minimized to within a narrow margin about $10 only, which would Lave been stilt further reduced but for the only large movement at the opening.
on Monday when the price collapsed.
from $1,160 to $1,138.
'The market' was' maintained between $1,160 and $1134.40 for the first three half-day" sessions, and. prices ranged within these limits, $1,151.50 and $1,148, for the latter att of the week." Unless some active Rews or rumour spring up. the: market should be maintained at the resent level for some time yet to. come.
With the Chinece new currency policy proclaimed on Monday the market opened at $1,160 and slumped sharply to $1,195 within the first four minutes of trading on account of heavy selling by speculators who believed the price to be too high, bhut as soon as shorts commenced {0 take profit at this low level $1148 was, soon seen again. The only active trading for the week took place: during the first thirty minutes of tis morning when fast fluctuations leaped between $1,143 and $1,154. The balance of the session saw the price preetically motionless at around $1147.
Race week holidays closed' the market to business for three following. afternoons, Opening' at $1,138 on Tuesday the market went ona slow decline until news of a rise of 125 in the silver export duty brought in buyers who checked the downward movement and forced the price up again from. $113440 to $1140. "Toward noon owing to forecasted weakness in the: price of Bombay silver the market advanced to $1,149, 'On Wednesday speculators influen-: ced by weak silver markets commer se@ to buy in the auctions at §1,14 advancing the price to $1.149 at' the official opening, but when the Custom, Gold Unit was reported to be down cent longs began to take preiit, forcing a drop to $1,144. With a steady exchange market buyers lifted the market up again to $1,196.60, At the end of the session the price was, maintained stationary at $1149.60.
Excessively dullness prevailed on the following three days. At certain ong periods nq business at all was done. Prices were maintained between $1,151.50 and $1,146 throughout, and on Friday afternoon and Satur joining lucluations were even to within two dollars, ward delivery a compared with Just China sold. America and India ought. "The London Speculators bought and sold.
Text read from the printed page and cleaned; old type leaves the occasional error.