Weekly report by courtesy of Messrs. J. Spunt & Ca.
Our market manifested weakness throughout the past week evolving a net' decline of about Afty cents "per picul when compared with that last Feported. January tenders have been quite plentiful, amounting so far. About "$0,000 " shih-tan comprising mostly Hupeh, Shensi, Shanghai and Tungchow cotton. Demand on the part of spinners has not been in any large proportion as most of them are well. supplied for the next two. to three months and show no anxiety whatever to enter into further commitments particularly at a time so hear to the advent of the Chinese year-end settlements. Furthermore, Sales of Mill products for forward deliveries are not so heavy and the rates are not so favourable as has been expected. However, arrival fare expeded to be gradually redueing during the next four to five weeks and while the values of the foreign fibre are not moving in such a direction as to- warrant any prob-to be rather heavy, any free off Ings of distress cotton are not likely to occur at this stage of the season, owing to the fact that Chinese banks Shanghai market, however, were not heavy, on account of the higher prices asked by holders and the -seareity of available silk.
Text read from the printed page and cleaned; old type leaves the occasional error.