Bombay, Mar. 18.
Cotton buyers in Bombay are becoming more interested in Broach and their uncovered requirements are considered to be substantial, judging from the manner in which exporters are placing contracts, even for forward deliveries, in upcountry markets.
The daily off-take during the past week easily exceeded arrivals, and the position of the interior markets for Broach remained rather oversold.
The basis is gradually creeping up, with sellers holding off for better prices, while the import duty imposed on foreign cotton spurred mills in Bombay and Ahmedabad to cover their forward requirements of Sirats.
Japanese houses bought moderately forward during the week, while exporters to Shanghai placed further orders, and there was some business in Oomras and Broach booked for the Continent and Lancashire. Almost 75 per cent. of the Surti crop has been marketed, and arrivals have com-lets Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.