Bombay, Mar. 5.
An easier feeling prevailed in the Bombay cotton market during the past week, due principally to the increased crop movement in the Broach district.
Monday being a holiday week-end accumulations led to increased hedge ing on Tuesday, emphasising that Broach arrivals are greater than the offtake.
The Broach' quality hitherto has been of high grade quality, but the staple has been rather disappointing.
The widening parity has attracted some export demand from Europe and Lancashire, particularly for Karachi styles.
London, Mar. 5.
Discount brokers in the. London money market earlier during the week had bright hopes of obtaining a better supply of Treasury Bills, es pecially as £45,000,000 worth were offered.
These hopes, however, were rudely shattered by keen competition, with applications totalling £97,800,000, the largest amount recorded in nearly three years.
Consequently, the market's quota of Treasury Bills was reduced from 33 to 30 per cent—Reuter, The spot market was easier.
Domestic mills recently have been good buyers, but the outlook for Indian cotton at present is discourage ing-—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.