{OM present indications, the market for Chinese cotton evinces 'a tendency to remain in a steady to firm position for some time, unless receipts from the interior decrease considerably. Prices in the local Cotton Goods Exchange for May deliveries shot unexpectedly to very high levels last week.
The prospects continue to be favourable for the bulls.
Shanghai wheat and flour markets were steady with a better tone.
Local market prices for paper are at present about ten per cent. below replacement costs.
Yuenfong Auctions The market remains on a steady basis, details of prices at Thursday's auction being as follows:—Black Venetians, 22 ochts higher than last week; Black Velvets,.09 cents lower; Black Coatings steady; Black Italians 43 cents. higher; While Lawns 13 cents higher; and White Shirtings 69 cents higher.
Text read from the printed page and cleaned; old type leaves the occasional error.