Arizona republican., 1922-05-28

lively stronger than they have been
for some time. Middling carrying
strict middling color can be bought al
from one to two cents under the
prices asked for strict middling, while
straight middling is priced two to
three cents under the strict middling
levels and strict low middling while
at three or four cents under Low
n1lddling staples, which have been
asked for in some quarters can be
had at five to eight cents under the
price of strict middling of equal
length.
One of the factors that has been
having some effect in the New Eng
land attitude on extra staples is the
reports. of the flood conditions in the
Delta territory that are just begin
ming to filter through to this section,
very little news of this kind being
carried in the daily papers John
Donovan, local McFadden agent, who
has just returned from trip through
the Delta, tells of riding 30 miles
in a railroad train through flooded
areas where the water covered the
tracks to such a depth that it came
through the floors of the coaches and
the passengers had to ride with their
getting wet. He declares that he saw
only one field of cotton on the entire
ride from Memphis to Clarkesdale, al
though much of the land was suffi-
GENTLY dry for cultivation. While he
declares that there is marked in
crease in the acreage in the staple
sections, he says that the planting
has been delayed very seriously by
the flood conditions and the back
water which still covers some of the
best bottom lands. Labor is plentiful
and cheap he says, but the menace
of the boil weeyil is especially serious
because of the lateness of the plant
ing, and although there is yet time
for the crop to recover and make up
for lost time, especially in view of
the present ideal growing weather
prevailing, nevertheless, this requires
especially favorable weather condi-
tions between now and mid summer,
and adverse weather conditions could
very easily offset all the increase in
acreage by giving the boil weevil a
chance to get in its destructive work
This report is typical of many others
heard here and they are responsible
for little uneasiness about new crop
prospects so far as staples are con-
cerned.
Short cotton has been moving to
some extent in this territory, in spite
of the fact that the basis on some
types has been increased very radi-
cally during the past week or two.
Strict middling Boston inch and an
eighth is quoted now at 600 to 700 on
July which brings the price to very
nearly 27 cents. There has been
some buying but not much at these
levels, most of the dealing being con-
fined to the scattered odd lots that
are being offered at slightly lower
figures. One lot of middling, for ex-
ample. was offered at 241a cents and
more at 20 cents though middling in
this length is generally quoted for
shipment around 25ia to rs cents. For
strict fmiddling full inch and a six
teenth of a type used in large guam
titles by certain of the New Bedford
mills very few cotton merchants will
quote less than $50 on July but it
can still be bought in certain few
quarters around 400 on, though some
went as much as 500, on. Middling
can be had as low as 800 on, though
most quotations range fifty points
higher. On the flat sixteenths the
prices range from ESQ to 800 on for
strict middling and about cent less
for middling, while strict low and low
middling is available around 10 to 20
cents.
Egyptians are up one to two cents
from a week ago. though no consider
able interest in them is reported out
side of few inquiries for spot SAX.
Medium grade tire yarn SAX is quoted
for. shipment around Al to 43 cents,
tariff paid, but few spot lots can be
had around 80 to 40 cents, with the
mills bidding around 3S cents for
them. One lot of fairly good looking
low grade SAX was offered in this
market as low as % cents, but found
no purchaser. Medium grade uppers
are quoted at 27 to % cents but no
particular interest in them is re-
ported, Peruvian nitafifi, medium
grade, is offered around 81 to 2S
cents, with high grades around 20 to
30 cents, and Tangris can be bought