The Archive · 1935

COTTON, YARN, ETC

(Weekly report by courtesy of Messrs. J. Spunt & Ca.)

Chinese Cotton: Prices in the Cotton Goods Exchange during the past week were easier for near months Lut Armer for forward deliveries, The latter was influenced by the bull support encouraged by steady ade vances in the American markets Arrivals from the interior marts were quite heavy and. were it not for} spanese extensive purchases of the Indigenous growth for purposes of exportation," coupled with -foreign mills' intake of considerable supplies would show an easier tendency. The Chinese mills, encumbered with finan cial restrictions aswell as the disturbing political rumours and also the very poor demand for their out put. kept aloof from any large com: mitments. "At the close of the market, however, the undertone was steady to firm due to Japan evincing further Interest in' the absorption of the indigenous staple.

'Yam: While no improvement was @iscernible in the demand for actual consumption, prices in the Cotton Goods Exchange showed an easier undertone for' near months with firmer. indications for forward ae-liveries." The disturbing " political rumours. however, are engendering general uncertainty in the trade.

Although speculators realized that the Raw Silk Market, during the past week, had tures 5, business remained quiet, At the close, holders." were again firm following a moderate advance of prices reported from No fresh business was transacted in the Timber Market during the past week due, very largely, to the Une settled local situation, Dealers at the moment are unwilling to make commitments, Prices on the Pacific Coast fare steady and show no algna of weakness,

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

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