Bombay, Jan. 3.
Discouraging American advices changed sentiment in the Bombay cotton market during the past week. The market is technically unsound, and is facing liquidation.
Some enquiry from Japan was recorded, but actual business done was insignificant, while the present parity relative to American cotton is preventing business with Europe and Lancashire.
The spot parity is still at 8 rupees for 14's and 20's cotton, which is expected to be relieved when Broach moves in February.
The weather has been satisfactory.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.