(Weekly report by courtesy of] Messrs. J. Spunt & Ca)
Chinese Cotton: The intensified tion of the Sino-Japanese crisis up north caused a further decline in the market of about $2 a picul and the continued weakness in the for~ jelgn markets may be said to ba also served us a depressing factor. Spinners are keeping aloof and. would rather wait until the situa tion assumes a more definite aspect. While offerings of Lingpao, Shar tung-American and Tientsin rough. grades are more freely made, the holders of Shanghai and best Shen cotton are still firm in their attitude Jand prices quoted on those grades fare much higher than those current in the exchange, which last is owing to there being very little stocks in the spot market and very small Weather Tittle too dry and while time being. may not detrimentally affect the growing crop, nevertheless, intermittent showers at this time would be very much desirable. While the outlook of the market appears to indicate. further declines yet it would not be advisable to follow the bear side at the present level of prices which, as it were, is touching Fock bottom, Yom: Demand was very much reduced throughout the past weel consequently prices declined sharply, registering at the close a decline lof some $10 to $12 in.the Colton Goods Exchange. "Stocks in the exchange warehouses were reduced to certain extent owing to values of the tendered yarn being very much [cheaper than those of similar quality Joffered in the spot market. Due to $14 the prevalent serious political condi~ tions it would be too presumptive at [this time to predict the trend of the one way of the other. sheng, pot excell ase, 80 Eimapso, pot S50 to fetes Plena rug sill sss 330 eof the market Weak
Text read from the printed page and cleaned; old type leaves the occasional error.