(Weekly report by courtesy of Messrs. J. Spunt & Ca.)
Chinese Collon:—The market may }be said to have manifested no change whatever due to conditions generally not having assumed any more improved aspect than that prevalent during the previous period. Receipts [from "the interior were practically and stocks locally are continually Jdiminishing and are at this moment Jaround $90,000 piculs stored in public Jwarehouses, 60 per cent. of which is of the Lingpao variety. Holders of the medium grades of cotton suitable [for spinning 16's and 20's evince no Hkeenness to part with their stocks at Hower figures, while those In possession of the Lingpao and Shantung JAmerican grades are eager to dispose for their holdings even at sacrificial rates owing to the absence of demand on the part of Japansse spin-Jners and the very strong rumour that the local Japanese mills are gradually Jeurtafling their spindleage on account fof the existing tense political situ 3 tion in the country.
Reports from Kiangsu and Chekiang, provinces indicate that the damage Ft Jdone by the recent typhoon was not serious and it is estimated to be about 10 per cent, in that the plants at this time are short and pliant. The foreign markets have been moving in more or less steady dircelion and have had but very little effect on this market. The future trend of the market depends on the political situation as well as weather conditions Dut any drastic decline fs highly improbable as the values of the indi-anous growth are fluctuating comparatively on a fairly low level Yarn:—While prices during "the past week have shown no. materia enquiries only to ascertain the resent replacing costs, It is reported that orders placed in Japan have, to a large extent, been ceneelled or at least postponed pending the restoration of more normal: conditions.
The producing countries report continued firm markets
Text read from the printed page and cleaned; old type leaves the occasional error.