Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1914-09-15
Sakellaridis

81 9I.ll !1UZ.b 99.09
20 144,07 1440S 14476
10 311.62 31312 914.55
Through letters of introduction to
prominent men, We were given cards
of admission to floor of the Liver
pool Cotton Exchange and there met
a number of persons who We're inter
ested in good cotton and all seemed
willing to assist in any way possible
Several days We're spent in getting
acquainted with business conditions.
methods of trade, asce-taining most
reliable sources Of information, etc.
On Wednesday night, July list, the
monthly report of United States De-
partment of Agriculture was receiv-
| ed by the Liverpool Exchange at
500 p. m. This report is prepared
| by our Deparement from the local
reports sent in from all over the
cotton belt as to conditions of crops
in each locality; they are averaged
up on the first day of each month.
and as the Liverpool time is about
five hours ahead of Washington, this
report is not received until 900 D. m
and a special session is called on the
first of each month to receive it.
At $50 a space is cleared on the
floor leading from the cable office to
pit of the Exchange Building, and
those eager to get first advantage III
| trade IAN to the ring like wild men.
For few moments the ring in cen
ter of floor was all an uproar, and
as the report was favorable as to
| conditions of crop in America, the
prices were knocked down about one
fifth of one cent per pound
Liverpool is the largest cotton
market in the world and about so
PEI cent of cotton used in England
comes from America. Forty bales
of Mesa cotton had been baled and
shipped to Liverpool on consign-
ment, December 18th. A portion OF
this cotton was sold at 2315c, or one
half cent above best Egyptian, deliv-
cred Liverpool, at same date This
sale we find created considerable
comment here as well as in our
Valley and while it was gratifying
to us at the time, in a way it has
been in some respects a hindranCe.
i was bought by mills largely on
favor through the energetic efforts
and good intentions of a prominent
broker in Liverpool at such an ex-
tremely high figure that too much
was expected of it, In other words
the cotton sold for more than it was
really worth as compared with othe:
cotton.
Reports from the buyers of this
cotton axe not all available, but 81
far as obtainable were on the whole
rather disappointed, for the reasons
given.
2 These conservative, careful Englisr
buyers of cotton are always inter
, ested in any new growth of cottor
; that seems to have merit and prom
Use of continuity, but regard any new
! shippers with suspicion until proven
! worthy of trust.
Some men are free to admit it!
5 value, while others talk low valu,
5 perhaps for an advantage in buying
s but as a rule the Liverpool mel
: seem to agree that our cotton il
: good. compares favorably with Egyp
I tan cotton of the best grades, anC
! will sell for what it is actually worti
s when landed here.
5 This question of comparative val
ues has been a constant source o
: annoyance and difference of opin
I ion; each new man who sees ou
I cotton has a different idea of it
I value and it seemed important tina
some basis of values as compared
5 with Egyptian cotton, which has reg
ular quotations, be established. Z,
accomplish this object Mr. Couvelas
head salesman of the Frederick Re
I rega Co. of Liverpool, and MI
I Greeves, chairman of the Egyptian
s Appeals Committee of Liverpool Cot
) ton Association, and said to be tn
5 best authority on Egyptian cotton il
: Liverpool, have made the following
I comparisons:
s Arizona Egyptian:
s Fancy SacatOn equal to
81 Extra Sacaton equal to-
Il Choice Sacaton, equal to
I Standard Sacaton, equal to
: Medium Sacaton, equal to
This basis of comparison has beel
I confirmed by many other men who's
81 judgment may be considered O
5 greatest value in such matters, an
I while the Sakellaridis as a distinc
! variety of Egypt's finest cotton i
s deteriorating to some extent, at tn
present this basis of comparison
: just and fair and will give us a
I exact market value at any time
I based upon Egyptian quotation
I which are published in Liverpoo
q daily.
81 On Tuesday, July 18th, we went t
s. Manchester. which is the great spin
ming center in England. 1t is 10
( Gated As miles southeast from Liv
{ erpool and is reached by the fast eX
& press service in 40 minutes. w
I gained access to the Manchester Elk
: change through the kindness G
friends to whom we had letters an