(Concluded from page 114.)
and to Canadian ports 1,431,000 bus. Total shipments for the season to
Canadian ports stand at 11,757,000 bus.
Increased offerings of oats caused prices to decline 1¢ to 2¢ per bu.
during the week. The demand was light because buyers were expecting new
crop prices to be lower. The general movement was not large, however, as
total primary receipts were only 4,775,000 bus., or not quite one-half
of the amount reported received during the corresponding week last year.
The visible supply of grain at the close of the week was given as
follows: Oats, 36,667,000 bus.; corn, 19,509,000 bus.; and wheat,
19,667,000 bus. Wheat and flour on ocean passage totaled 48,936,000
bus., compared with 57,960,000 bus. one year ago.
_Cotton_
PRICES SAG DURING WEEK; SPOT SALES SHOW INCREASE
Reports of More Favorable Weather in the Main Cotton States Was Factor
in Market.
The week ending July 29 witnessed sagging prices in cotton, due
primarily to reports of more favorable weather for the growing crop.
Both the railroad and coal strikes had their effect, and the unsettled
condition in foreign exchange was also a factor.
The average price of Middling as determined from the quotations of the
10 designated spot markets closed at 21.69¢ per lb. on July 29, compared
with 22.10¢ at the close of the previous week and 10.81¢ for the
corresponding day last year. The decline in October future contracts on
the New York Cotton Exchange amounted to 38 points, and on the New
Orleans Cotton Exchange to 39 points. October future contracts on the
Liverpool Cotton Association closed at 12.24d. per lb. on July 28,
compared with 12.59d. at the close of the previous week and 8.39d. for
the corresponding day last year.
The volume of spot sales as reported by the cotton exchanges in the 10
designated markets was somewhat larger than the previous week, amounting
to 29,057 bales, compared with 26,939 bales the previous week and 29,715
bales for the corresponding period in 1921. The total sales reported by
the exchanges in the 10 designated spot markets from Aug. 1 to July 29
amounted to 3,361,605 bales, compared with 3,303,552 bales for the
corresponding period last season.
Dullness was reported to have developed in the dry goods trade, but with
little change in the price levels as compared with those of the previous
week.
Closing Future Prices for July 29 and for the Corresponding Days in
1921 and 1920.
─────────┬─────────────────────────────┬─────────────────────────────
Month. │ New York. │ New Orleans.
─────────┼─────────┬─────────┬─────────┼─────────┬─────────┬─────────
│ 1922 │ 1921 │ 1920 │ 1922 │ 1921 │ 1920
─────────┼─────────┼─────────┼─────────┼─────────┼─────────┼─────────
│_Cents._ │_Cents._ │_Cents._ │_Cents._ │_Cents._ │_Cents._
October │ 21.42│ 12.14│ 31.27│ 20.96│ 11.66│ 30.31
December │ 21.35│ 12.65│ 30.00│ 20.85│ 12.00│ 29.35
January │ 21.21│ 12.60│ 29.18│ 20.81│ 12.08│ 28.90
March │ 21.18│ 12.95│ 28.90│ 20.71│ 12.40│ 28.50
May │ 21.05│ 13.08│ 28.50│ 20.60│ 12.47│ 27.90
─────────┴─────────┴─────────┴─────────┴─────────┴─────────┴─────────
Spot
Quotations
for
Middling
Upland
Cotton at
New York on
July 29,
for Each of
the Past 32
Years.
───────────
Cents.
1891 8.00
1892 7.50
1893 8.12
1894 7.00
1895 7.00
1896 7.31
1897 7.94
1898 6.06
1899 6.12
1900 10.06
1901 8.12
1902 9.06
1903 13.25
1904 10.70
1905 11.05
1906 10.90
1907 12.90
1908 10.70
1909 12.75
1910 16.05
1911 13.50
1912 13.25
1913 11.95
1914 12.75
1915 9.35
1916 13.30
1917 25.20
1918 28.55
1919 35.15
1920 40.00
1921 11.95
1922 21.75
───────────
Cotton Movement from August 1 to July 28.
[Information from commercial sources.]
──────────────────────────────────────────┬───────────┬───────────
│ 1921‒22 │ 1920‒21
──────────────────────────────────────────┼───────────┼───────────
│ _Bales._ │ _Bales._
Port receipts │ 6,084,471│ 6,713,411
Port stocks │ 499,345│ 1,347,936
Interior receipts │ 7,224,067│ 7,546,577
Interior stocks │ 388,830│ 1,129,231
Into sight │ │ 11,565,262
Northern spinners’ takings │ │ 2,088,516
Southern spinners’ takings │ 4,126,522│ 2,874,678
World’s visible supply of American cotton │ 2,021,888│ 4,108,428
──────────────────────────────────────────┴───────────┴───────────