(Weekly report by Messrs. J. Spunt & Ca.) courtesy of Chinese Cotton: Although spot demand has not been very great, a {alr volume of forward contracts have been booked by some of the local spinners for Lingpao, Tientsin Amer ican, Shantung American and Shensi grades at father favourable rates, Prices in the futures market appre: lated some 50 cents on the whole due fo the continued firmness regis tered inthe American and Indian markets which stimulated the specu lative bulls in reviving their buying operations, There appears to be no marked decrease shown in the local cotton slocks but receipts from the Interior maris have not as yet_resumed their normal inflow." While Investors and speculators are inclined more to the bullish side, spinners display no enthusiasm to buy as' they wre well supplied for the time being and are aware of the fact that the balance of the Chinese crop of this season with the exception of certain special grades, will be sume lent cover the requirements of the Mills in China, So long as the values of the foreign fAbre maintain a firm level present, reltogression in the prices the indigenous growth ix most un-Ukely in the near future.
Yarn: Demand has not been encouraging as during the previous week. Prices, after exhibiting some wide Muctuations, may be said fo have maintained the "same Tevel 3 last reported. Bulls are again active in their operations of March contracts and attempts are being) made to manipulate the position of that month by taking advantage of the Grmness in the foreign cotton mark= ets, rising markets of the world, in-Mueneed once more by further' purchases of Argentine and Australian wheat by Europe.
normal amount of business was transacted in the Shanghai wheat and flour markets, which remained steady with slight advances, but stil] well below world parities,
Text read from the printed page and cleaned; old type leaves the occasional error.