(Weekly report by—courtesy. of Messrs. J. Spunt & Ca) 'A. strong bullish market prevailed during the snajor portion of the past week and prices showed a further advance of §3.60 for near and $2.50 for forward deliveries when compared with the level last recorded, When recessions took place, enough buying power appeared to absorb all offerings and covering of contracts for short accounts as well for the operations of the bull clique. However, the demand for actual cotton hag not been as active fas Was expected and the consumption on the part of local spinners has been of a very sparing nature, in absorptions were only on a hand-to mouth basis to meet pressing require-regarding newspaper, prices for which have again been increased during the week. According to reports received, a conference is now being held in Canada to which Scandinavian jand German makers are said to have sent representatives. The air of] this conference should be an agree-Jment on future prices with a view to stop price cutting, which has been going on for some time, A. further: general increase in prices is therefore expected to result, Locally prices: are slowly being adjusted to. correspond to the present. replacement costs. A shortage of local stocks. various qualities 1s soon anticipated.
Text read from the printed page and cleaned; old type leaves the occasional error.