Arizona republican., 1922-02-17
WEEKS REVIEW Of
THE LONG STAPLE
COTTON MARKET

Following is the weekly review OF
the long staple cotton market as fur
nished to The Republican by A. A.
Talmage, cotton expert with the New
Bedford, Mass, Standard:
The past week has been rather
weird in the extra staple cotton mar
ket, in that some quarters Of the
market were very dull indeed with
odd lots OF cotton in small parcels
offered at ridiculous prices, while in
other quarters there was some inn
provement in the demand and prices
seemed rather firrer than a week
| ago. There seems to be little doubt
that the market as a whole is still
very soft indeed, and one in which a
firm bid for a round quantity would
do wonders. Shippers are growing
very nervous over the New England
wage situation and the possibility OF
protracted cessation or heavy cur
tailment of consumption in this Sec
ton, and there have been a number
OF very urgent appeals from southern
centers sent TO local brokers asking
for some kind of a bid. The situa-
tion Is having its greatest effect on
extra staple cottons, both low and
high grades, but to some extent is
4
cotton as well. Both brokers and
shippers were eager for news as to
developments in the wage outlook
both in Rhode Island and elsewhere
in New England, and when 1t was
learned that the New Bedford Cotton
Manufacturers association was hold
ing meeting on Friday there was
great eagerness to learn OF its out
come.
Egyptians took another substantial
jump during the week, although not
because of any demand in New Eng
land. Medium grade SAX suitable for
tire yarn work was held at 36 to 81
cents tariff paid, while slightly high
er grades were priced at 40 cents and
upwards on the tariff paid basis.
Some fairly good grade SAX which
was shorter in staple than usual;
short enough TO come into the coun-
try tariff free; sold around so cents,
but not in large quantity. Medium
grade uppers such as are commonly
used in tire yarns we're quoted around
26 to % cents. depending upon the
grade, and either spots or shipment
cotton could have been bought at this
figure. AS a matter of fact, however,
except for the sale mentioned, there
was almost no dealing and very lit
tie interest in either kind of Egyp-
tians.
Peruvian mitafifi OF fairly good
grade was offered at hoo on March,
or around 2S cents, but could not be
sold at this figure, while Tangris was
available at 25 to rs cents without
creating any buying interest what
ever. Average extra choice Sea ISL
and was nominally priced around as
to ~ cents, and high grade Meade
cotton was held around so cents, but
there was not the slightest interest in
either.
The activity IN Pima saw some
slowing up during the week, and
possibly one reason for it was the
higher prices asked. The interests
which control this variety OF cotton
again repeated the same proceeding
that has taken place every time there
appeared any real prospect for activi-
ty. After one or two sales the prices
were advanced one to three cents a
pound and buying virtually stopped.
There was one lot OF number ones,
inch and five -eighths staple, which
was sold for 37k cents with %
pounds tare allowance, while a deal
involving half twos and half threes,
inch and five -eighths staple at prices
around SO to "a cents was pending at
the close OF the week. On number
twos inch and a half to nine-six-
teenths staple It was possible TO do
as well at 80 to 3S cents, while some