Arizona republican., 1920-02-20
MARKET LETTERS RENDER SERVICE ID THE GROWERS

one Of the striking services rendered to the membership by the Arizona American- Egyptian Cotton Growers associatlon is the frequent issuance Of contaIning information of the greatest Naiues to the producer,-inforrnatio ton that ne cannot secure elsewhere A typical market letters follows:
 Phoenix, Arizona. Feb 19. 1920
 COTTON MARKET LETTER
 since our last letter the foreign ex- change situation has operated to de- press the active. market in most all grades of cotton. Notwithstanding this great handicap there has been sharp rallies in practically all Of the con tracts
 IT the peace treaty could be disposed or ana exchange stabilized, much high CT prices would prevail.
 Tho market is somewhat lower he Ing qnoted as follows:
 White middling Texas quoted s12.oo to $500 on March
 Boston eightS B to Csc
 Sea. Islands, soc to s1.00, according to grade.
 Peruvians very scarce quoted around s1.00
 Low and medium grade Saks, s5c to s1 DO
 Fairly good Sak. sI10.
 EgyptIan Uppers are offered at
 Pimas. l. ?, and 3 grades reported sold at S1.OO
 Pimas, grades and ,, offered in the east at around 9oc
 IL Is especially noted that none of the Pima of number 2 grade has been generally offered on the eastern market
 The local gin market is again down 10 sl1: to e5 cents. As noted in our last letter, our association made sales at s'e cents for one. two and three grades, being the first sale at this high figure. and that at a time when the local buyers were offering ST1b cents as top
 This week the association sales have run 94 to 9s cents, the latter being number , grade made today
 Some sales of very low grades have been reported at SS cents.
 Some mill inquiries for better grades are being made. and within the next fews days attractive prices should be obtained for carload or larger lots All members are requested to inform the asSocia ton of the amount of cot ton they have on hands and the price desired for the same
 The reports which our association is now regularly receiving direct from Alexandria, Egypt, Liverpool. England and other points. contain much infor- nation or special educational value as well IS pertaining to the present spot markets We suggest that all our growers and business people as far as possible make a study of them
 Many cotton growers seem to be somewhat doubtful about the neces- sary steps to be taken to become member of the association. In this connection we specially request all Of our members to tell their neighors that all they have to do is to sign an agree ment fo pay their pro-rata part Of the expense of conducting the work of the association. based on their cotton | acreage They do not pledge or obli- gate any part of their crop to be han | dled or controlled by the associtfon or | any party other than themselves All l market information is furnished mem hers by mail, wire and phone The | benefit of the association cooperative i selling plan is available to any member upon request Any and every service | that the association can in any way render the membership is cheerfullv | supplied.
 The meeting of the American Cotton | association in Montgomery, Alabama. has been postponed to March 9-r2 | The representatives of our association | VIII leave Phoenix the evening of 1 March D. It is expected that the dele | gates from Blythe, the Imperial valley | points Yuma, and the Florence Casa | Grande valley will join the Salt River | valley delegation and leave in a body | for this important meeting.
 ARIZONA AMERICAN EGYPTIAN | COTTON GROWERS ASSOCIATION |
 W. s. STEVENS, President