Arizona republican., 1921-09-16
LONG STAPLE IN
 NEW ADVANCE 0N LOCAL MARKET
 AND IN THE EAST
Sale Of Yesterday And Ad- vices From Eastern Mar kets Is Encouragement For Further Increases
 New Bedford, Mass,
 Sept. IS, 1921

Arizona Republican,
 Phoenix, Ark.
 There have been considerable
 sales of Pima cotton in New Eng
 land during the past few days,
 with prices ranging from 37 cents
 to 37L2 cents for No. 2 and 35 cents to 36 cents for No. 3. No.
 1 is quoted at 40 cents and up,
 but there is very little available.
 Sak ranges from 40 cents to 45
 cents.
 The foregoing telegram from the center of the long staple cotton mar ket is in line with reports throughout the valley of a market which has been gradually streng thening and which shows no sign of stopping its advance.
 This eastern report follows an an nouncement of the sale of ITO bales of No. 2 Pima here yesterday at 37 cents. the sale being consummated through the firm of Calder and Rich mond for an eastern firm which has been experimenting with Salt River valley long staple cotton for manu- facturing purposes.
 During the past two weeks the change in the long staple cotton mar ket has been marked, with a steady climb in quotations until they reached a most heartening level yes- terday, when No. was quoted at S7-3S cents. No. at 35 cents,s and No. 3 at 33 cents. With these prices, according to Howard NJ. Peek, of the firm of Peek and Fleming, cotton brokers, there has been a steady de- mand, with but few sales due to the fact that growers are watching the upward trend of prices and holding their cotton.
 Holding Cotton
 Several sales of long staple in va rying quantities have been made dur ing the week, Mir. Peek said, and a small number of bales have been moved by the. banks. The general movement of cotton from the valley however. has not yet started-a fact which is declared to be due to the desire of the gowers to hold their cotton for higher prices.
 That the sale made yesterday through the firm of Calder and Rich- mond was definite sign that the tion of M. r. Smith, local representa- tive of that firm.
 This sale was made to big east ern fine goods mill, he said, 4and was purchased here through one o1 the larger banks. which will now dis tribute the proceeds to the many farmers who produced it.
 Quite a demand seems to bt springing up for Pima cotton from this class of mills" said MT. Smith which means a great deal to the fu- ture of the Pima cotton industry This sale was made after consider able missionary work. and after { small lot had been tried out ant found to be satisfactory for their use Many mills that have formerly uset Saks and Sea Islands are now eithe using or considering the use of Pima
 Tn order to maintain the marke at the proper level and strength it i important that no cotton be sacri feed below the market. The man. small lots of a bale or two sold belov the market by the man who does no know the value of his product oftel sets the price for the time being"
 Because of the gradual recupera tion of the long staple cotton market although the actual sales as yet hay been small, there is great encourage ment among the farmers and busi ness men of the valley. it was de clared yesterday. It is now the firn belief that the first of the year vii see a material advance in the marke for Pima cotton.