(Weekly report by courtesy of Messrs, J. Spunt & Ca.)
Chinese Cotton:—During the part} of the week, due to measures enacted ty the Government to stabilize the dollar, prices in the Cotton Goods Exchange showed an appreciation of bout $2 engendered by bullish transactions and shorts covering. Such tendency, however, continued for a brief period and reaction set in and the close, prices reverted. to around the same level as last report of. The movements from. the environments of Shanghai and Tungchow are quite normal at this stage of the season, but arrivals from the Yangtze ports continue in moderate quantities. Consumers are taking In supplies on a hand-to-mouth basis and are awalting further develop: ments of a more stabilized nature.
indications at the moment are for easier markets and values of the Taw material will be more or less regulated on the basis of supply and demand.
Yarn: There was no. improvement in the demand for actual consump-on, thie appreciation shown, during the greater portion of the week, in the Cotton Goods Exchange, " was mainly engendered by the decree i3- sued by the Government in respect ct silver conservancy. Toward the' fatter part of the week, however, prices dwindled down and at the close there was a decline of " abet '$2 per bale when compared with that last reported, 'Tone' of the mari
Text read from the printed page and cleaned; old type leaves the occasional error.