(Weekly report by courtesy of Messrs. J. Spunt & Ca.)
Chinese Cotton: The market was steady and quiet throughout? the ast week with very little business recorded. 'The American" markets id sot decline so much as was expected and, with the further announcement of an increase in the loan 10 cls,, the market is moving in 9 hesitant direction which seems not to have had any' influence on. this market, Weather conditions during the last for have been less favourable. 'The frst lot of new crop Ningpo cotton that arrived this week was disposed of at $31 per Shih-ran. New crop, 'Tungchow and Shanghai cotton, may' be expected on the open market here about the latter part of next month and from Reports 30 far to hand the grades are of a desirable quality. Local traders, are anticipating free offering of cotton this season from the Kiangsu and Chekiang provinces at more favourable rates which, it is expected, will be taken advantage of by Japanese felends both in Japan and Tsinglao, as production in the Shantung province this year appears to have been very much reduced, A narrow market Is looked forward to the near future unless wi Muctuations are registered in the gold bar market or any untoward changes take place in the weather conditions, A little more hopeful tone is again evident in the Paper Market and a decided improvement in deliveries exclocal stocks has taken place. Some new contracts have also been made Particularly for Newsprint of Contin ental make, for which the price has been further reduced. Scandinavian prices remain unchanged and most factories seem to be well booked ahead.
Text read from the printed page and cleaned; old type leaves the occasional error.