(Weekly report by courtesy of Messrs, J. Spunt & Ca.)
'Chinese Cotton:—The market dur-Ing the past week has been firm and faelive and prices advanced by $250 to $2.75 higher than that ruling in the previous period. This was due to speculators' heavy buying stimulated by the bullish aspect of the American and Indian markets. Spot business was quiet and offerings were very ight." Weather conditions have 50 far been very favourable for' the ymestic crop and if nothing toward intervenes during this and the following month a bumper crop may be looked forward to. It is estimated that taken on the average local spinners have sufficient stocks to carry on until the new season cotton comes fon the market, except that some of the mills may'in the meantime re-rades mixing purposes, The quire small quantities of certain
trend of the market for the future will, therefore, depend: entirely on the movements in the foreign mat= kets as well as the climatic condi-country, Cee tons "in the cotton belt of this
Yarn: In. sympathy with the. vance in the raw material, yarn, values appreciated about $6 per bale higher than last recorded, While the Black Tea: Keemun. A fair business was done amounting -to 5,600 half-chests, a renewed inquiry having started by the arrival of market samples in buying centres. The local market, however, is now very quiet. Prices for clean tea are firm.
Ningchow. A small business was reported totalling 1,150 half-chests Hankow. Little tea changed Hands during the past week and stocks now amount to neatly $8,000 half-chests, Green Tea, Chunmes, There was good demand for the finest teas and 9.500 packages were settled during the week. Lower grades are neglec~ ted.
Sowmee. A steady business con-tunues with 2,900 half-chests reported settled during the week. Demand remains concentrated on the best teas to be had and prices for these are fir to rather dearer.
Gunpowder. The market remains very strong, particularly for top lines. During the week 2,000 half-chests were settled but business is now slow= Ing down on account of higher prices.
Text read from the printed page and cleaned; old type leaves the occasional error.