Spot sales during the week at the 10 designated markets were much larger
than they have been for any week this season. They amounted to 209,938
bales, compared with 155,954 the previous week and 96,095 bales for the
corresponding week in 1920. On Sept. 28 the sales in the 10 markets were
59,929 bales, the largest single day’s sales for this season. The
previous largest day’s sales for the season, involving 38,504 bales,
occurred on Sept. 6. The total sales in the 10 designated markets from
Aug. 1 to Oct. 1 were 980,146 bales, compared with 503,135 for the
corresponding period last year. (Sales for 1920 exclude Dallas.)
=SPOT COTTON QUOTATIONS.=
=Price of Middling spot cotton for Oct. 1, and the commercial
differences in price between Middling and other grades of American
Upland cotton at each of the 10 markets named, together with the total
number of bales sold during the week ending Oct. 1, in each of the
markets, as reported to the Bureau of Markets and Crop Estimates.=
-------------------------+------+------+------+------+------+------+
| Nor- |Augus-|Savan-| Mont-| Mem- |Little|
| folk.| ta. | nah. | gom- | phis.| Rock.|
| | | | ery. | | |
-------------------------+------+------+------+------+------+------+
White standards: | _On._| _On._| _On._| _On._| _On._| _On._|
| [1] | | | | | |
Middling Fair | 200| 250| 175| 200| 200| 225|
Strict Good Middling | 150| 200| 150| 150| 150| 175|
Good Middling | 100| 100| 100| 100| 100| 100|
Strict Middling | 50| 50| 50| 50| 50| 50|
=Middling= | 20.25| 20.25| 20.75| 20.00| 21.00| 20.75|
|_Off._|_Off._|_Off._|_Off._|_Off._|_Off._|
| [1] | | | | | |
Strict Low Middling | 75| 75| 75| 100| 100| 75|
Low Middling | 200| 200| 200| 200| 250| 200|
Strict Good Ordinary[2]| 300| 300| 300| 300| 400| 300|
Good Ordinary[2] | 400| 425| 400| 400| 500| 400|
Yellow Tinged: | | | | | | |
Good Middling | 50| Even.| 50| 50| 50| 50|
Strict Middling | 125| 100| 150| 150| 150| 125|
Middling[2] | 200| 200| 250| 250| 200| 225|
Strict Low Middling[2] | 350| 300| 350| 350| 350| 325|
Low Middling[2] | 450| 400| 450| 450| 450| 425|
Yellow Stained: | | | | | | |
Good Middling | 200| 175| 200| 225| 200| 200|
Strict Middling[2] | 300| 275| 300| 325| 300| 250|
Middling[2] | 450| 450| 400| 450| 350| 400|
Blue Stained: | | | | | | |
Good Middling[2] | 250| 225| 250| 275| 200| 250|
Strict Middling[2] | 350| 325| 350| 375| 300| 350|
Middling[2] | 450| 425| 450| 500| 350| 450|
Sales for week, bales |10,205| 2,376| 3,160| 3,227|25,450|11,851|
| | | | | | |
-------------------------+------+------+------+------+------+------+
-------------------------+------+------+------+------+-------
| Dal- | Hous-| Gal- | New | Aver-
| las. |ton. | ves- | Or- | age.
| | | ton. |leans.|
-------------------------+------+------+------+------+-------
White standards: | _On._| _On._| _On._| _On._| _On._
| | | | |
Middling Fair | 200| 225| 300| 175| 215
Strict Good Middling | 150| 175| 200| 150| 165
Good Middling | 100| 125| 100| 100| 103
Strict Middling | 50| 75| 50| 50| 53
=Middling= | 20.60| 21.25| 21.75| 20.50| 20.71
|_Off._|_Off._|_Off._|_Off._| _Off._
| | | | |
Strict Low Middling | 100| 100| 100| 75| 88
Low Middling | 225| 200| 250| 200| 213
Strict Good Ordinary[2]| 325| 300| 400| 450| 338
Good Ordinary[2] | 425| 400| 500| 550| 440
Yellow Tinged: | | | | |
Good Middling | 50| 50| 50| 50| 45
Strict Middling | 150| 150| 150| 100| 135
Middling[2] | 250| 250| 250| 250| 233
Strict Low Middling[2] | 350| 400| 350| 325| 345
Low Middling[2] | 450| 500| 500| 400| 448
Yellow Stained: | | | | |
Good Middling | 200| 250| 250| 300| 220
Strict Middling[2] | 300| 350| 350| 350| 310
Middling[2] | 400| 400| 450| 400| 415
Blue Stained: | | | | |
Good Middling[2] | 300| 300| 300| 325| 268
Strict Middling[2] | 350| 400| 400| 375| 358
Middling[2] | 450| 500| 500| 425| 450
Sales for week, bales |68,007|58,387| 8,681|18,594|209,938
| | | | | [3]
-------------------------+------+------+------+------+-------
[1] The differences are stated in terms of hundredths of a cent per
pound. By “On” is meant that the stated number of points is to be
added to the price of Middling and by “Off” is meant that the stated
number of points is to be subtracted from the price of Middling.
[2] These grades are not tenderable on future contracts made subject
to section 5 of the United States cotton futures Act, as amended, on
the future exchanges at New York and New Orleans.
[3] Total sales in the designated markets.
Commercial reports indicate that trading in cotton goods has broadened
and that, while the demand for goods in small quantities and under
frequent orders is rather active, there is still uncertainty as to the
effect of higher prices on the consumption of goods.
The crop reporting board of the Bureau of Markets and Crop Estimates on
Oct. 3. 1921, estimated that the condition of the cotton crop on Sept.
25 was 42.2% of normal, compared with 49.3% on Aug. 25, 59.1% on Sept.
25, 1920, 54.4% on Sept. 25, 1919, and 62.4% the average on Sept. 25 of
the past 10 years.
A condition of 42.2% on Sept. 25 forecasts a yield per acre of about 118
lbs. and a total production of about 6,537,000 bales of 500 lbs., gross.
In 1920 the production was 13,439,603 bales; in 1919, 11,420,763; in
1918, 12,040,532; in 1917, 11,302,375; and in 1916, 11,449,930 bales.
The condition of the crop on Sept. 25 is the lowest on record and the
estimated production is less than that for any year since 1884 when
5,682,000 bales were produced.
The preliminary report of the Bureau of the Census issued on Oct. 3,
showed 2,907,950 bales ginned prior to Sept. 25, compared with 2,249,606
bales for the corresponding period last year and 1,835,214 bales for
1919. The figure for 1921 is subject to slight corrections when checked
with individual returns of the ginners being transmitted by mail.
=Closing Future Prices for Oct. 1 and for the Corresponding Days in 1920
and 1919.=
---------+-----------------+-----------------
Month. | New York. | New Orleans.
+-----------------+-----------------
| 1921| 1920| 1919| 1921| 1920| 1919
---------+-----+-----+-----+-----+-----+-----
October |20.48|22.25|30.55|20.05|20.80|31.25
December |20.65|21.25|30.84|20.26|20.42|30.85
January |20.33|20.92|30.85|20.03|20.25|30.76
March |20.02|20.68|31.00|19.59|20.25|30.72
---------+-----+-----+-----+-----+-----+-----
Stocks of Government-Classed Cotton at Future Markets.
Inspected cotton, Government-classed, in warehouses at the ports of New
York and New Orleans on Sept. 30, and on the corresponding day in 1920,
of the grades tenderable on future contracts made on the exchanges in
these markets subject to section 5 of the United States cotton futures
Act as amended:
-----------------------------+-----------------+-----------------
| New York. | New Orleans.
Grade. +-----------------+-----------------
| 1921 | 1920 | 1921 | 1920
-----------------------------+--------+--------+--------+--------
|_Bales._|_Bales._|_Bales._|_Bales._
Middling Fair | ... | ... | 3| 2
Strict Good Middling | 234| 3| 293| 95
Good Middling | 4,393| 24| 3,645| 726
Strict Middling | 19,482| 38| 22,654| 1,652
Middling | 47,667| 179| 37,173| 1,538
Strict Low Middling | 39,264| 3,079| 19,040| 1,264
Low Middling | 9,443| 1,294| 7,410| 409
Good Middling Yellow Tinged | 3,880| 136| 3,214| 71
Strict Middling Yellow Tinged| 3,405| 453| 3,046| 113
Good Middling Yellow Stained | 23| 2| 3| 2
+--------+--------+--------+--------
Total | 127,791| 5,208| 96,481| 5,872
-----------------------------+--------+--------+--------+--------
Total stocks of cotton, all kinds, on Sept. 30. at the port of New York
were 147,822 bales and for the corresponding day in 1920, 25,594 bales;
at the port of New Orleans, 426,488 bales, and for the corresponding day
in 1920, 206,460 bales.
=Cotton Movement and Exports from Aug. 1 to Sept. 30.=
[Information from commercial sources.]
-----------------------------------------+---------+---------
| 1921 | 1920
-----------------------------------------+---------+---------
| _Bales._| _Bales._
Port receipts |1,032,400| 630,734
Port stocks |1,407,344| 816,826
Interior receipts |1,292,150| 736,239
Interior stocks |1,147,941| 920,155
Into sight |1,852,353|1,369,128
Northern spinners’ takings | 296,661| 206,321
Southern spinners’ takings | 497,115| 328,213
World’s visible supply of American cotton|3,944,690|2,763,568
-----------------------------------------+---------+---------
Exports for the week ending Sept. 30, amounted to 147,591 bales,
compared with 86,204 bales the previous week and 109,498 bales for the
corresponding week in 1920. The total exports from Aug. 1 to Sept. 30
were 870,698 bales, compared with 457,750 bales in 1920.
=Exports of American Cotton from Aug. 1 to Sept. 30.=
---------------+--------+--------
To-- | 1921 | 1920
---------------+--------+--------
|_Bales._|_Bales._
Great Britain | 118,751| 177,162
France | 145,343| 92,617
Germany | 248,728| 110,275
Italy | 32,515| 26,025
Japan and China| 211,103| 1,526
Other countries| 114,258| 50,145
+--------+--------
Total | 870,698| 457,750
---------------+--------+--------
Premium Staple Cotton.
A fair demand for premium staple cotton is reported at New Orleans and a
good demand at Memphis. Some of the sales in these two markets during
the week were as follows:
New Orleans: Cents.
Strict Middling, 1¹⁄₁₆ ins. 22
Middling, 1¹⁄₁₆ ins. 22
Middling to Strict Middling, 1¹⁄₁₆ ins. 22¹⁄₂
Strict Good Ordinary, California, 1¹⁄₁₆ ins. 17
Middling, 1¹⁄₁₆ to 1¹⁄₈ ins. 23
Middling to Strict Middling, 1¹⁄₈ ins. 27³⁄₄
Strict Low Middling to Middling, 1¹⁄₈ ins. 21
Good Middling, 1¹⁄₈ ins. 30
Good Middling, 1¹⁄₄ ins. 36
Strict Low Middling to Middling, 1⁵⁄₁₆ ins. 36
Middling to Strict Middling, 1³⁄₁₆ ins. 35
Strict Middling, full 1³⁄₁₆ ins. 36
Strict Good Ordinary to Low Middling, 1³⁄₁₆ ins. 22
Memphis:
Strict Middling, 1¹⁄₈ ins. 30
Middling, 1¹⁄₈ to 1³⁄₁₆ ins. 32
Strict Middling to Good Middling, full 1³⁄₁₆ ins. 37¹⁄₂
Middling to Strict Middling, 1³⁄₁₆ ins. 34
Middling to Strict Middling, full 1³⁄₁₆ ins. 37
Middling, full 1³⁄₁₆ to 1¹⁄₄ ins. 39
Strict Middling to Good Middling, 1³⁄₁₆ to 1¹⁄₄ ins. 40
Strict Middling, 1⁵⁄₁₆ to 1³⁄₈ ins. 40
Middling, 1³⁄₈ ins. 41
The average premiums quoted in the New Orleans and Memphis markets for
the staple lengths specified are stated below for Middling cotton based
on Middling short staple cotton at 20¹⁄₂¢ per lb. at New Orleans and 21¢
at Memphis on Oct. 1, 1921, and 23¢ per lb. at New Orleans and 25¢ at
Memphis on Oct. 2, 1920.
----------+-------------------+-------------------
| New Orleans. | Memphis.
Length. +---------+---------+---------+---------
| 1921 | 1920 | 1921 | 1920
----------+---------+---------+---------+---------
|_Points._|_Points._|_Points._|_Points._
1¹⁄₁₆ ins.| 175 | 400 | 200 | 65
1¹⁄₈ ins. | 750 | ... | 700 | 700
1³⁄₁₆ ins.| 1,100 | ... | 1,200 | 1,800
1¹⁄₄ ins. | 1,500 | ... | 1,900 | ...
----------+---------+---------+---------+---------
The latest quotations received for Pima American-Egyptian cotton are 40¢
per lb. for No. 2 grade and 37¢ for No. 3 grade f. o. b. New England
mill points.
Telegraphic advices indicate that Egyptian Sakellaridis cotton for
prompt shipment is quoted at 63⁷⁄₈¢ per lb. for the grade Fully Good and
49⁵⁄₈¢ for the grade Good Fair on c. i. f. terms landed at Boston or New
York.
=COTTONSEED PRICE QUOTATIONS.=
Week Ending Sept. 24.
--------------------+-----------+-----------
City. | Car lots. |Wagon lots.
--------------------+-----------+-----------
| _Per ton._| _Per ton._
Charlotte, N. C. | $43.00| $40.00
Cheraw, S. C. | 46.25| 38.50
Edgefield, S. C. | 42.00| 40.00
Greenville, S. C. | ... | 38.00
Orangeburg, S. C. | 45.00| 42.00
Lauratown, Ark. | 38.00| ...
Ashdown, Ark. | ... | 32.00
Jonesboro, Ark. | ... | 32.00
Prescott, Ark. | ... | 35.00
Henning, Tenn. | ... | 35.00
New Orleans, La. | 40.00| ...
Atlanta, Ga. | 45.00| 42.00
Dallas, Tex. |41.00-42.00|37.00-38.00
Fort Worth, Tex. | 40.00| ...
Houston, Tex. | 40.00| ...
Oklahoma City, Okla.| 35.00| 30.00
Guthrie, Okla. | 35.00| 24.00
Chickasha, Okla. | 34.00| 28.00
--------------------+-----------+-----------
Imports of Wool at Two Ports.
Imports of wool through the port of Philadelphia during the two weeks
ending Oct. 1 totaled 2,842 bales, weighing 1,203,247 lbs., valued at
$129,462. Imports at Boston during the same period totaled 802 bales,
weighing 330,551 lbs., and having a valuation of $42,821. In addition,
128 bales of mohair, weighing 64,694 lbs., valued at $9,375, were
received at Boston.
[Illustration: COTTON: COMPARATIVE PRICE VARIATIONS FOR AUGUST AND
SEPTEMBER.]
=WOOL CONSUMPTION REPORT FOR AUGUST.=
=Quantities Entering into Manufacture According to Condition, Classes,
and Grades.=
[In thousands of pounds; i. e., 000 omitted.]
------------------+---------------+---------------+---------------+
| Grease. | Scoured. | Pulled. |
| | | |
Class and grade. +-------+-------+-------+-------+-------+-------+
| 1921 | 1920 | 1921 | 1920 | 1921 | 1920 |
------------------+-------+-------+-------+-------+-------+-------+
Fine: | | | | | | |
Combing-- | | | | | | |
Domestic | 6,241| 2,090| 45| 56| 19| 45|
Foreign | 2,814| 4,661| 14| 56| 1| 10|
Clothing-- | | | | | | |
Domestic | 985| 358| 654| 476| 229| 54|
Foreign | 270| 487| 632| 546| 10| 7|
¹⁄₂ blood: | | | | | | |
Combing-- | | | | | | |
Domestic | 4,280| 1,937| 45| 52| 138| 219|
Foreign | 1,285| 2,066| 53| 50| ... | ... |
Clothing-- | | | | | | |
Domestic | 347| 195| 561| 345| 215| 45|
Foreign | 12| 10| 199| 114| 10| 7|
³⁄₈ blood: | | | | | | |
Combing-- | | | | | | |
Domestic | 2,207| 1,323| 299| 148| 185| 106|
Foreign | 1,603| 2,112| 35| 37| ... | ... |
Clothing-- | | | | | | |
Domestic | 183| 71| 1,019| 434| 443| 64|
Foreign | 172| 140| 307| 589| ... | 1|
¹⁄₄ blood: | | | | | | |
Combing-- | | | | | | |
Domestic | 2,747| 1,630| 159| 151| 266| 161|
Foreign | 2,719| 3,329| 109| 143| 61| 32|
Clothing-- | | | | | | |
Domestic | 289| 186| 790| 372| 193| 39|
Foreign | 504| 314| 443| 243| 33| 19|
Low or Lincoln: | | | | | | |
Combing-- | | | | | | |
Domestic | 158| 223| 9| 36| 2| 2|
Foreign | 485| 570| 15| 45| 31| 3|
Clothing-- | | | | | | |
Domestic | 4| 13| 105| 45| 10| 7|
Foreign | 21| 154| 58| 7| 1| 3|
Carpet: | | | | | | |
Combing, foreign| 2,522| 2,380| 95| 248| 70| 46|
Filling, foreign| 2,812| 2,530| 509| 572| 461| 245|
Grade not stated: | | | | | | |
Domestic | 5,513| 97| 103| 58| ... | ... |
Foreign | 4,351| 25| 25| 9| ... | ... |
+-------+-------+-------+-------+-------+-------+
Total: | | | | | | |
Domestic | 22,954| 8,123| 3,789| 2,173| 1,700| 742|
Foreign | 19,570| 18,778| 2,494| 2,659| 678| 373|
+-------+-------+-------+-------+-------+-------+
Grand total, | | | | | | |
August | 42,524| 26,901| 6,283| 4,832| 2,378| 1,115|
Grand total, | | | | | | |
July | 38,022| 26,757| 5,923| 4,281| 2,406| 1,336|
+-------+-------+-------+-------+-------+-------+
Grand total, | | | | | | |
Jan. to Aug. |283,721|321,703| 43,430| 56,099| 17,654| 13,302|
------------------+-------+-------+-------+-------+-------+-------+
------------------+---------------+---------------+---------------
| Total, | Total, July. | Total, January
| August. | | to August.
Class and grade. +-------+-------+-------+-------+-------+-------
| 1921 | 1920 | 1921 | 1920 | 1921 | 1920
------------------+-------+-------+-------+-------+-------+-------
Fine: | | | | | |
Combing-- | | | | | |
Domestic | 6,305| 2,191| 4,166| 2,411| 27,035| 40,533
Foreign | 2,829| 4,727| 2,976| 5,701| 28,138| 53,343
Clothing-- | | | | |
Domestic | 1,868| 888| 1,624| 773| 11,720| 12,322
Foreign | 912| 1,040| 959| 899| 8,101| 13,164
¹⁄₂ blood: | | | | | |
Combing-- | | | | | |
Domestic | 4,463| 2,208| 3,678| 2,517| 24,681| 27,949
Foreign | 1,338| 2,116| 1,345| 2,544| 10,088| 24,582
Clothing-- | | | | | |
Domestic | 1,123| 585| 925| 523| 7,315| 10,661
Foreign | 221| 131| 310| 98| 2,131| 3,057
³⁄₈ blood: | | | | | |
Combing-- | | | | | |
Domestic | 2,691| 1,577| 2,741| 1,514| 20,485| 29,035
Foreign | 1,638| 2,149| 1,410| 1,503| 12,420| 21,708
Clothing-- | | | | | |
Domestic | 1,645| 569| 1,580| 828| 11,630| 12,180
Foreign | 479| 730| 348| 257| 2,948| 5,236
¹⁄₄ blood: | | | | | |
Combing-- | | | | | |
Domestic | 3,172| 1,942| 2,861| 1,666| 22,630| 23,722
Foreign | 2,889| 3,504| 2,424| 3,829| 28,920| 37,667
Clothing-- | | | | | |
Domestic | 1,272| 597| 1,143| 608| 8,641| 6,930
Foreign | 980| 576| 966| 608| 7,106| 6,561
Low or Lincoln: | | | | | |
Combing-- | | | | | |
Domestic | 169| 261| 156| 199| 1,386| 1,742
Foreign | 531| 618| 825| 572| 5,555| 7,839
Clothing-- | | | | | |
Domestic | 119| 65| 117| 61| 1,074| 709
Foreign | 80| 164| 32| 56| 697| 1,263
Carpet: | | | | | |
Combing, foreign| 2,687| 2,674| 1,993| 2,255| 13,596| 23,353
Filling, foreign| 3,782| 3,347| 2,925| 2,910| 18,405| 26,111
Grade not stated: | | | | | |
Domestic | 5,616| 155| 5,838| 20| 38,550| 730
Foreign | 4,376| 34| 5,009| 22| 31,553| 707
+-------+-------+-------+-------+-------+-------
Total: | | | | | |
Domestic | 28,443| 11,038| 24,829| 11,120|175,147|166,513
Foreign | 22,742| 21,810| 21,522| 21,254|169,658|224,591
+-------+-------+-------+-------+-------+-------
Grand total, | | | | | |
August | 51,185| 32,848| ... | ... | ... | ...
Grand total, | | | | | |
July | ... | ... | 46,351| 32,374| ... | ...
+-------+-------+-------+-------+-------+-------
Grand total, | | | | | |
Jan. to Aug. | ... | ... | ... | ... |344,805|391,101
------------------+-------+-------+-------+-------+-------+-------
=Quantities Entering into Manufacture According to Sections.=
[In thousands of pounds, i. e. 000 omitted.]
-------------+-------------+-------------+-------------+-------------
| Grease. | Scoured. | Pulled. | Total.
Section. +------+------+------+------+------+------+------+------
| 1921 | 1920 | 1921 | 1920 | 1921 | 1920 | 1921 | 1920
-------------+------+------+------+------+------+------+------+------
New England |27,026|13,980| 3,419| 2,097| 894| 500|31,339|16,577
Middle | | | | | | | |
Atlantic |13,710|11,516| 1,419| 1,431| 1,162| 469|16,291|13,416
Pacific coast| 62| 47| 235| 182| 55| 12| 352| 241
Other | | | | | | | |
sections | 1,726| 1,358| 1,210| 1,122| 267| 134| 3,203| 2,614
+------+------+------+------+------+------+------+------
Grand total|42,524|26,901| 6,283| 4,832| 2,378| 1,115|51,185|32,848
-------------+------+------+------+------+------+------+------+------
_Foreign Markets_