The Birmingham age-herald., 1923-07-22
Average Prices for Week.
Print Cloths

! carefully selected.
 os ,, Print Cloths 25 inch, 56x4i, 10.o5 ............. 4,770 ! 27 inch, 64x60, 7.6o ............. 6,6S7 1 3S F inch, 44s.4o, S.2o ............ 593r
 5S 2 neh' ci SgHsS. gH5 S5S :.... .::.. ssiS ssiS 1 S9 inch. GS&72, 4.z5 .........,...1o.437
 $$SS inch 52x7S, 426 .....,.....il 200 '' -lhcA' SVAso' f.VO .......... ,.l1S35 1 Tobacco Cloths @VS1Z ............. ...,.............. 2.5Q0N 1 Sheetings { $e -inch' 4SXSo, 6.50 ............ 76S7 1 % -lnch bo&bo, 400 .............1O 1O9l6 9S9-lhCh, toNt o.uu ............1S 4lB ! " -4tS4i' f"'Nfe' @'oG l5i fJl
 Twills
 oS men, 6S&f6, 400 .1316f DriIls
 | SV men, s.e0 .....,.... 14.916 ' Sg incnn n S'5o '.''''..'' l2sl6 1 e. 'Ni' S'to , '.'t '~'' lit0O
 sateens | 39 men 64xl04 APO ............14.54l { fo -lhch' t2Nl2O, S.35 ..l9.833 Ducks
 ss-ounce' g. F. duck, grade A........ 22.0oO
 Finished Goods -''''' | standard 64Z69, .percal le Lights ....'15.000 standard, SOXS0, percale. lights ....S19.090 | Standard, 22O denim ..........."23 OOu
 Standard fine chanbry 250 Standard, 380 work shirt chambry. +l4 500 l 27-inch. eastern standard staple Standard S-ounce ticking .5f oSo ! White flannel, standard eastern ..a17 600 | standard branded bleached muslin.
 standard branded bieached muslin, i'''''
 class E .....,...., ............'.14.25
 lO.4 bleachsd wide sheeting, .'V
 1o+ bIea;hea ''; wide i'd sheeting. ''''''
 s1ndic5tes Ind nominal. ',''''. 49'6so
 q Composite I91p average cotton goods price,
 With the demand still slack, warn OlIOC1fiNnG q
 of 9S cents for los southern carCed skeins and hosiery cones, and a cent
 more for 10s-2 southern carded Warps. Twenties are being quoted about 3 to cents above los, and sos anywhere from to cents above EOS. The quality of the yarn, ordi- narily, has more to do with the price on counts above sos than below, but at present the average grade of 40s, Tor example, appears to be selling pound.
 It is to be understood that cer- | tain proportion of current sales are being made at prices considerably
 below the range above indicated There are a number of sources of supply of low-priced yarns of stand ard grades. Dealers with stocks are 1 liquidating them for various reasons This liquidation is not hurried, but it is persistent. The effect on prices is to slowly depress them, rather than to cause an acute reaction, such as
 WAS witnessed about this time three years ago. There Is also q certain amount of short selling going on Here, again, the effect on prices has been to force gradual downward re-
 adJus tment rather than sharp break.
 Contrary to the impression appar- ently harbored by some of the south ern spinners, short selling in the present instance has been of rela- lively small volume, and profits from short operations have been a secon- dary consideration with those selling short, as far as can be learned During the 1920 and 1921 price de- cline, it was feasible to sell yarns short almost constantly at discount of or 10 cents under the quotations then current, as it was virtual cer- tainty that such sales could easily be covered profitably before delivery was due.
 Inquiry develops that there has been no recent change in the buying situation. The week just ended was extremely dull, but no more so than good many preceding weeks this year.
 It is understood that some of the local vain salesmen have been trying to convince their accounts that yarns quotations are dragging the bot tom" at this level. Reliable and un- biased opinion here is that there is no present evidence that such is the ease. It is pointed out that the only reliable indication of a price trend reaching it's lowest level is when | buying comes forward in substantial volume. There is no sign of this as yet.
 The following chart illustrates the | price drift:
 With many of the cotton mills run ming only part of the machinery, and l others operating on curtailed | schedule. this being especially true in the yarn, mills, the extra staple cotton markets remain quiet. with | trading practically limited to small i quantities for special lines or to | cover rush orders. Few of the mill men show much interest in prices, | apparently awaiting the cleaning up | of the July cotton in the expectation that lower levels will prevail. Desultory inquiries have been noted in old crop cotton, and small interest in new crop business. Out side shippers have been reported of fering cheap lots of cotton of the
 new crop shipment. at levels much 1 lower than quoted by the New Bed is fast disappearing. and little change has been noted in prices. [ Prices generally for old crop, strict
 middling in grade and color, classed as to a very exacting standard of stapling, f. 0. b. New Bedford, are as follows.