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“... of which two-thirds
are taken inland for sale.
Cotion yarn. The returns for 1905 showed a decrease in the import of
cotton yarn, and during the earlier part of 1906 it did not
sell as well as raw cotton, though there was little of the
former in the market and prices were low. The demand in
Hankow for Hupeh yarn, offered for 78 taels per bale of
about 340 catties (say 21. 13s. per 100 lbs.), was greater than the
supply. It is quite probable that in future an increased output from
the Hankow mills will entirely cut out the foreign product from this
market. The general rise in price of yarn during the summer is
attributed to the excellent harvest. A fall in the price at Shanghai
in August to 88 and 68 taels (131, and 101.) for fine and coarse yarn
respectively, induced Chungking merchants to send down drafts for
purchase of the article, but prices in the meantime rose suddenly to
91 and 70 taels (13?. 9s. and 10Z. 7s.) respectively. Prices ruling in
Chungking were as follows :—...”
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