Arizona republican., 1922-06-04
5P|NVERS BEGIN To
COVER NEEDS IN
LONG STAPLECOTTON
Belief Begins To Be Held
That Further Price Re-
cessions Are Not To Be
Looked For = Buying,
However, Remains Light

Especial to Arizona Republican,
NEW BEDFORD, Mass, June s.
New England spinners of long staple
cotton are beginning now to- realize
what is happening in the extra staple
cotton market and are rapidly aban-
doning hope of any considerable
break in raw cotton values and COW
ering in their needs, so far as they
can be gagged at present. at the
best prices available.
This does not mean, however, that
they are buying cotton right and left
regardless of price, nor that they are
laying in any considerable stocks OF
staples against contingent needs that
might develop between now and fall
but are not now definitely determ-
ined. The buying that has taken
pIace during the past week or 10
days has been limited to small lots,
sufficient only to cover actual orders
in hand or to replace shipments
found unsuitable, and to state the
bold truth, there has been no very
large volume to it.
Smart inquiry for prices is report
ed in all quarters of the market ana
the dealing in small lots has peen
general enough to give the appear
INQUIRY, however, has been to obtain
prices on which to base cloth or yarn
quotations, and the shopping around
process has so multiplied the out
ward appearance of interest that a
rather false impression can easily be
had by any one not closely in touch
with the market.
Prices Show Advances
strong
deed and vigorous advances have
taken place during the past week.
The reports about the dwindling sup
plv of desirable cotton have been re-
futed by the fairly good sized guam
titles which are offered at the new
high levels. Some New England cot
ton merchants, in fact. have been
surprised at the volume offers OF
high grade long staple cotton they
have been able to get if they were
willing to pay the price. The week
in New England has been somewhat
featured by the greater than usual
demand for very long staple cotton.
Inch and five-sixteenths, for exam
pie in strict and good niddling. has
been asked for by large number
of mills and sales of such cotton at
levels from AZ to 45 cents have been
TeDOTleuy IlOuSil the ldbtSA AAS uAS eAP
piled to some of staple length that
was nearer three -eighths.
Egyptians are slightly higher-th than
n week ago, but not as much so as
Peelers. Medium grade SAX, suitable
for tire yarn purposes, was quoted
around Al to 43 cents. tariff paid,
with a few odd spot lots available
here and there for 80 to 40 cents.
Medium grade uppers were quoted at
2S to % cents and a little interest IN
some quarters was heard of. The
same was true of mitaffifi, which is
quoted in the better grades around
20 cents, while Tangris can be had at
81 to % for high grades.
Arizona Reports Pima Sales
Pima is fairly stiff and though ac-
tivity in it has not been very great
during the past few days there is still
a great deal of interest in the prices
and within the past two weeks there
have been some volume sales re-
ported. More is being heard of num-
Der three grade since the prices have
advanced and it is said to be more
difficult now to buy in quantity in
the Arizona market from parties in
dependent of the growers coopera-
tire association. From Arizona au-
thorities, supposed to be very closely
in touch with the situation, it is re-
ported that nearly two thirds of the
total supply of Pima, including both
this years crop and the carry over
from last year. has been sold and
that considerably less than 10000
bales remains unsold. In this market
this report is regarded with skeptic-