Arizona republican., 1921-09-23
By A. A. Talmadse

DeInanO TOT extra StdpiS totbOl WAS active both in this and other New England markets during the past week, but the volume of dealing was very much restricted by the very high prices quoted from the south. The spot market is practically bare so far as offerings from merchants and
 southern interests are concerned, but
 the existence of odd lots here and
 there consisting mostly of mill re-
 jections or cotton for which the mills
 find no immediate use. have made
 it possible to buy spots in small quan-
 titles and the prices, especially on
 the mill owned cotton, have been ac-
 tually lower in some cases than is
 being demanded for similar cotton
 for shipment from the south. Much
 of the activity in the market is the results of the efforts of mills and
 brokers to obtain such odd lots at
 prices materially under the new crop
 quotations.
 Prices demanded by southern ship pers have advanced so high that the Egyptian uppers, Peruvian Pima and other special varieties that usually bring a premium over the medium 1 length Peeler have been overtaken and appear cheap by comparison; and I this fact has led to more attention being directed toward such cotton and a resulting increase in it's ac-
 tivity.
 Brokers reported that in some quarters of the south there was a | slight tendency to weakness on sta l pies following the drop in the fu- | ture markets toward the close of
 the week. and some of the manufac- Il turers who were caught short of their l l.w- fIa h1,If ma Il ket of the past two weeks have been taking advantage of the opportunity to cover their needs.
 I Prices Advance
 |, Prices on extra staples have ad-
 vanced fully 10 cents pound in tho
 past three weeks and some are ask , ing as much as Is cents more. While
 there is a general tendency here te l believe that the new levels may bt maintained for some time. the tota r volume of Peeler cotton bought or these new levels is comparativel, small. The sales in New England [ have been confined to those caugh short by the rise and even some 0 :. these have been able to cover b, ; purchasing other than Peeler cotton Due to the suddenness of the rise . the market has not yet become ad
 justed to the new levels and mill II are not buying at the new figure :, because they cannot sell goods a ' proportionate prices. It is believe, here that the rise in cotton ha $ practically halted the renewal of ac
 tivity in the industry and there ar s many predictions of return to tn | short time operation.
 Some of the mills have been turn l x.-~ Al.
 ability to pay the prices asked fo : middling and strict middling whit e cotton, and they have been able t e get grayish and tinged staples fo s as much as ten cents off the rulin price for middling white, while dis counts of five cents a pound on sue cotton are common. Strict low mid T ding tinged full inch and eighth cot . ton, for example, was offered for 2 s cents. although middling and strit 7. middling white of equal staple wa :, quoted at 29 to 33 cents.
 5 Demand for Shorter Lengths ,s There is a smart demand for tn .s shorter lengths, both in middling an k strict, and also in low and strict To
 middling tinged, which inch to inc
 and sixteenth cotton in strict mic -e ding has brought as much as 15O 1 GCV OD oCtOUtl- WllAt lldl lilCA dI A a sixteenth middling white is quote re at 300 to $50 on. For strict middlir SC white full inch and sixteenth of d type used in large quanaities by ce
 tain of the New Bedford mills, u ty general asking price was 400 to 5 or on October, while for slightly loni le CT type known as Boston eighths, 6 ss to TOO on October was asked for Il lel strict middling grades.
 I Fall River was seeking off color 0i inch and sixteenth and sales the were reported around 100 to 150 ( ne October for low to strict low ting sr sixteenths. There seemed to be Ii ot tie low grade Boston eighths to " had though there was some dernal SC for this length both in the low al he also the high grades.
 he A considerable interest in Pin h. cotton was reported both here and ct the Boston territory and sales ,le probably 1000 to 2.000 bales ha I'd been made, and possibly more Pric
 have been climbing rapidly from t Is. former 30 cents level for No. 2, al 34 more recently deals have been D
 through at 36 to 3S cents for No. ts. and 34 to S5A cents for No. 3. and 70 to 34 cents for No. A. There is we
 little of the No. grade availab but it is worth 40 to 45 cents if