Northern Trouble Affecting the Local Marts: Yarn Prices Decline $10 to $12
Shanghai, July 31, IHE troubled state of affairs in North Chini is affecting the Shanghai markets, and notably so in the case of the Yuenfong Auctions, cotton, yarn, timber and paper, Deliveries from local stocks in the paper market, however, are continuing on a satisfactory scale to the inland markets.
Cotton declined about $2 a picul, and at the close in the Exchange yarn prices had also declined, prices being between $10 and $12 lower. There was a brisk demand for spot wheat.
Text read from the printed page and cleaned; old type leaves the occasional error.