Bombay, July 17.
The cotton market was depressed during the week under review by the continued absence of enquiry, reports of clearing weather and general disposition on the part of speculative operators to take profits, while heavy tenders against Broach, July/August option, was also an unfavourable factor.
Europe and Lancashire were more interested in old as well as new crops, while Japan also made fair purchases, while domestic mills continued active buyers on better cloth sales.
Monsoon conditions were satisfactory, with progress on the whole favourable.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.