(Weekly report by courtesy of fexsrs. J. Spunt Chinese Cotton: Due to very poor demand from Spinners consequent on the non Improvement in the outports for mills' output, prices declined by 75 is, during the past week. While halt "hearted attempts have been made to support the May cotton deliveries, such a movement was very much discouraged by the strong reports that more heavy tenders will be experienced this month, because of some of the Lingpao holders being obliged to liquidate their positions order to alleviate the pressure by (heir financiers and there being no demand at all this week for Lingpao trades, and which, it is expected will be tendered in the Exchange against the standard cotton. The weakness of the local markets dur-Ing the latter part of the week Is also due to the report of beneficial rains having been experienced in the north, which has. very much relieved rear anxiety on the part of the cot ton growers. It is also reported that a larger cotton this.
4 Jot of selling of new crop cotton by professionals in the Cotton Goods Exchange.
Viewing the situation broadly at this time, no appreciation in" the values of the domestic staple seems likely in the near future and although technically and statistically there nothing to encourage bullishness, yet tone must be careful in one's oper tions for forward contracts from now on, a8 the weather conditions have to be taken into consideration and which will, a8 usual, govern the trend of the' market during the months of Sune, July and August.
Yarn: There has been no improve. ment in the demand and stocks a The Timber Market is again dead and shows no signs of improvement. Inquiries are negligible.
Text read from the printed page and cleaned; old type leaves the occasional error.