Bombay, Feb. 12.
This week's big factor on the Bombay cotton market was the representative passage of the Farm Bill, but doubt regarding the passage of the Bill by the Senate induced liquidation, Traders are awaiting further developments, The sharp increase of arrivals from up country indicates not only thet the crop is late but that cotton was held back by farmers, Market staples were inclined to be easier, and it is anticipated that with the more free movement in Broach styles, demand will swing in favour of Broach.
The weather in the Broach districts was favourable, with the condition of the crop good.
Export demand was negligible, on Japanese inquiry having been tailed-off.—Reuter, This year industrial concerns that have a capital exceeding Y.1,000,000, 000 are to take the lead in the industrialization effort in conquered Chinese territory, According to the magazine "Industrialist" plans for the modernization of North China were begun by the South Manchuria Railway Company late in 1935. They are now ready. and operation can begin as soon as the present undeclared war ends—United Press,
Text read from the printed page and cleaned; old type leaves the occasional error.