54 



THE AGIUCVLTURAL XEWS. 



Febeqaky 15, 1913. 



WEST INDIAN COTTON. 



Messrs. Wolstenholme and Holland, of Liverpool, 

 Tfvnte as follows, under date January 27, with reference 

 •to the sales of West Indian Sea Island cotton : — 



Since our last report a good business has been done in 

 West Indian Sea Island cotton and prices remain very firm. 

 About 250 Rales have been sold, including Nevis and 

 Jfontserrat (old and new crop) \7d. to I8d., St. Kitts lid to 

 19(i., with a few superfine lots at 20d. and Barbados at \Shd. 



Owing to the poor character of the crop, Carolina Sea 

 Islands are pressed for sale and extra fine graded cotton has 

 been sold at 15fd. and some graded crop lots are offering at 

 I8d. to I8hd., West Indians being preferred. We understand 

 that many Carolina planters are intending to grow Upland 

 cotton in place of Sea Island, owing to the poor yield of the 

 latter ;ind the competition of West Indian. 



The report of Messrs. Henry W. Frost & Co., on 

 Sea Island cotton in the Southern States, for the week 

 «nding January 2."j, is as follows: — 



There has been a moderate demand this week for Fully 

 Fine at 2Gc., Extra Fine oflf in preparation at 25c , Tinged 

 Islands at l(5c There was also more inquiry for the Planters' 

 crop lots, but as the bids were generally below the views of 

 the Factors, the only sale reported is the crop 40 bales 

 W. G. Hinson/Seaside at 36c The buying has been princi- 

 pally on account of France. 



AVe quote, viz.: — 



Extra Fine 28c. to 29c. 

 Fully Fine 26c. to 27c. 

 Fine 26c. 



Extra Fine off) .t- 

 in preparation / "'' 

 Fully Fine offl .,„ 

 in preparation/ "" 

 Fine off \ 2Q^ 



in preparationj 



'I'his ri'port shows that the total e.xjjorts of Sea 

 li-land cotton fnnn the United States to Liverpool, 

 Manchester and Havre, to January 25, 1913, were nil, 

 19fi bales, and 2,500 bales, respectively. Last year 

 they were 3,325, 9,435 and 5,034 bales. 



IQd. to I C).\d. c.i.f., <fe 5 per cent. 

 14fd. to \:j\d. „ „ „ ,, 

 = liid 



^ l^^tl. ,, ,, ,, ,, 



= iOCl. ,, ,, ,, ,, 



= Uhd. „ „ ,, , 



LANCASHIRE AND COTTOi:, 1912. 



The following is taken from an article in the 

 Annwd Trade Rcvieir, issued a.s a supplement to the 

 ■^Jkamher of Commerce Journal, January I9I3: — 



Considerable activity has prevailed in the staple industry 

 of Lancashire during the past twelve months, and from the 

 point of view of profits the year compares favourably with any 

 previous period. The most satisfactory feature has been the 

 plentiful supplies in the raw materinl, which to a large extent 

 have been the means of bringing about a revival in trade. 

 The advance in cotton prices during the year has been chiefly 

 due to the increasing trade demand of spinners throughout the 

 world. The year opened with manufacturers of cloth doing 

 very well, and their strong position has lieen maintained. 

 A decided improvement has occurred in the position of 

 spinners and the year has been the best since 1908. The 

 calico printing, dyeing and bleaching industries have been 

 busy and many works have been working overtime. 



On January 2, middling American cotton on the spot 

 in Liverpool was at SlO^r/. An upward movement at once 

 showed itself and by the end of that month 5"'57rf. was reached. 

 The hardening tendency continued during February, 5'88'/. 

 being registered on the last day of that month. There waa 

 not much alteration during March, but the high prices were 

 still maintained, 6 20J. being the rate on the .'iOth. The 

 upward movement continued, and on .Vpril 30, the figure was 

 (r41rf. There was not much change during May, the figure at 

 the close being (i 36rf. A further upward movement occurred 

 during .June, the rate on the 29th being (IGOrf. .luly brought 

 still higher rates, the quotation on the 31st being 724'^. 

 A reaction occurred during .August, 6 88c? being the rate on the 

 lOth, and the month closed with the figure at 6'40'/. Toward.s- 

 the end of September a hardening tendency occurred and on 

 the 30th i\'o'Jd. was quoted, liather easier rates transpired 

 during October, and the month closed with the price at 

 6'36d. An upward movement took place during November, 

 and that month closed at 70()(/., and the quotation on 

 December 13 was the same figure. The American crop for 

 the season ending August 31 last, was of record dimensions, 

 and amounted to 16,138,000 bales as compared with 

 12,120,000 bales for the previous .season. A feature of the 

 year has been the poor staple in the better qualities of the 

 raw material. I'lgyptian cotton is also dearer than in 

 January last. Fully Good Fair Brown opened at 8;rf. Oa 

 June 29 the figure was lO^',."^- *^" September 30 the quota- 

 tion was 9^'/., and on December 13, 10 05<7. The Eigyi>ti,ia 

 crop for the season amounted to 7,424,000 cantars against 

 7,573,000 cantars for the year before. With regard to 

 future supplies, it is expected that the American crop for the 

 current season will be 14, 500, ('00 bales, whilst the olficial 

 estimate of the Alexandria General Produce Association for 

 the Egyptian crop is 7,750,000 cantars. All the cotton 

 grown this season will be wanted, the requirements of 

 spinners throughout the world having much increased during 

 the last few years. 



