Tea Maintains Firm Tendency, with Keemuns Selling}
Well: Cotton Shows Weak Aspect Shanghai, July 3.
JENFONG auctions showed a decline in prices for most chops at this week's sale.
The cotton market also manifested a weak aspect during the past week, tt the general feeling being one of nervousness. There has been no improvement in demand for yarn, and prices declined still further; it is safe to state that the boom in yarn is now over.
With regard to the paper market, orders have been placed for supplies of newsprint at current prices for the end of this year, and the beginning of next.
The tea market maintains the firm tendency with which it opened-at the beginning of the season, good business having been done in medium grades of Keemuns, and a noticeable improvement having taken place in all markets for green tea since the opening.
Yuenfong Auctions The market showed a weaker tendency at Thursday's auctions, a July and August. Besides, yarn prices have declined quite heavily during ast three weeks and in the event Prices remained fairly steady dure ing the week, and there was a slightly: better demand with a tale quantity of new business done. Prices fon the Pacific Coast remain fairly steady,
Text read from the printed page and cleaned; old type leaves the occasional error.