184 



THE INDIA RUBBER WORLD 



[December 1, 1916. 



THE MARKET FOR COTTON AND OTHER FABRICS. 



Cofyright, 1916. 



NZW YORK. 



THE cotton market has been subject to violent fluctuations dur- 

 ing the past month and 20-cent cotton found ready buyers. The 

 continued improvement in trade demand, combined with active 

 buying in New York by Liverpool interests, were the attributed 

 causes. Late in the month, however, the market became heavily 

 long on both sides of the water and stop order selling was in- 

 dulged in freely both in New York and Liverpool, on November 

 23, forcing prices down 96 points — a drop of $4.80 a bale. 



The opinion is freely expressed that 20-cent cotton is too high; 

 that the mills are supplied with stocks, and therefore able to stay 

 out of the market for some time. Moreover, it is pointed out 

 that there is no actual shortage just now and only fear of short- 

 age is the market's disturbing factor. 



Under heavy buying on November 25, futures advanced 50 

 points, establishing prices within 11 to 19 points of the recent 

 high record values, and wiping out the losses of $5 to $6 a bale 

 in the interim. 



Egypti.\n Cotton. Fluctuations in Egyptians have been more 

 violent than in the case of Americans. Mail from Alexandria 

 under date of October 23 advises that the market, influenced by 

 the firmness of Americans and that of Egyptians in Liverpool, 

 combined with the reduced Egyptian crop estimates, forced con- 

 tracts to $30. The spot market has been very active and the 

 volume of business quite fair, with prices about $2 higher than 

 contracts. A record price of $40 was paid for Sakellarides. The 

 tone of the market has been firm, and easier conditions are not 

 anticipated unless some setback should occur. 



Total exports from Alexandria for the period, August 1 to 

 October 11, were 47,721 bales, of which Great Britain imported 

 36,271 bales ; the Continent, 8,907 ; the United States, 2,233 bales ; 

 India and Japan, 310 bales. 



Sea Island Cotton. Both the Savannah and Charleston mar- 

 kets have been very active during the month and prices have 

 advanced rapidly, showing a gain of 10 cents since our report 

 last month. Heavy buying has been done at SO cents and holders 

 are asking 55 cents, which will doubtless be obtained should pres- 

 ent conditions continue. Savannah stock on November 17 was 

 10,518 bales, against 13,507 bales a year ago. At Charleston the 

 stock was 767 bales, against 1,149 bales a year ago. 



Mechanical Duck. The demand for hose and belting duck 

 has been active ; prices have advanced 2 eents a pound during the 

 month and are closely approaching the 40-cent level. While the 

 present prices seem high, the present market trend would indi- 

 cate higher prices after the first of the year. The duck market 

 has broadened out to a surprising degree, due to the shortage 

 of leather, and manufacturers are substituting cotton duck 

 wherever possible. 



Sheetings, Osnaburcs, Enameling Duck and Drills. Com- 

 paratively speaking, there appears to be a somewhat easier mar- 

 ket condition than last month for sheetings and Osnaburgs, al- 

 though the demand is active at advanced prices and contracts 

 call for March delivery. Drills are in good demand and prices 

 have advanced. The mills have nothing to offer until the end of 

 February. Enameling duck continues firm at advanced prices, 

 with contracts dated May 1, 1917. 



Tire F.^brics. The advance in the price of building fabrics 

 shows a gain of 15 to 20 cents for combed Sea Island and combed 

 and carded Egyptian fabrics. Peelers have advanced 5 cents dur- 

 ing the month. That still higher prices in the entire list are 

 confidently expected is based on the belief that the Egyptian 

 market is being manipulated. Sakellarides is higher than Sea 

 Island, an unusual condition. No firm ofTers were being made, 

 due to the uncertainty of raw materials. 



During the last of the month easier market conditions were 

 noted and it was reported that buyers who were prepared to pay 



the prevailing high prices were accommodated. Possibly some 

 of the large consumers have found it an advantage to release 

 some of their contract deliveries. 



That this market is being broadened by the shortage of leather 

 is shown liy the substitution of Sea Island fabric for the uppers 

 of ladies' footwear. 



However, the tire fabric situation is still under the influence 

 of abnormal raw material conditions that bespeak uncertainty 

 to consumers who are not covered. 



NEW YORK ftUOTATIONS. 



NOVEMBER 24, 1916. 



Prices subject to change without notice. 



Aeroplane and Balloon Fabrics; 



Wamsutta, S. A. L L. No. 1, 40-inch yard $0.32Vi@ 



No. 4, 3854-inch 32'A@ 



O/X B. 36-inch Nominal 



Wool Stockinettes — 52-inch: 



A — 14-ounce yard 1.25 @ 



B — 14-ounce 1.50 @ 



C — 14ounce 1.75 @ 



Cotton Stockinettes — 52-inch: 



D — 14-ounce yard .50 @ .55 



E — 11^-ouncc 42 @ .50 



F — 14-ounce 55 @ .60 



G — 8-ounce 48 @ .50 



H — 11-ounce SO @ .55 



I — 9-ounce 42 & .45 



Colors — white, black, blue, brown. 



Kiiitabac Stockinette lb. .90 @ .95 



Tire Fabrics; 



1754-ounce Sea Island, combed square yard 1.20 @ 1.30 



17J.i-ounce Egyptian, combed 1.05 @ 1.15 



17J4-ounce Egyptian, carded 1.02 @ 1.12 



17>i-ounce Peelers, carded 65 @ .70 



Sheeting: 



40inch 2.3S-yard yard ASH® 



40-inch 2.50-yard 14}i4@ 



40-inch 2.70-y3rd 14 @ 



40-inch 2.85-yard 13 (a 



40-inch 3.15-yard 12Ji@ 



Osnaburgs: 



40-inch 2.25-yard yard .li'/i® 



40-inch 2.48-yard 15 ® 



37>4-in. 2.42-yard 15^2® 



Mechanical Ducks: 



Hose pound .38 @ .39 



Belting 37H@ .38}^ 



Carriage Cloth Duck: 



38-inch 2.00-yard enameling duck yard .19J^@ 



38-inch 1.74-yard , 2l%% 



72-inch 16.66-ounce .43 @ 



72-inch 17.21-ounce 14'/2@ 



Drills: 



3S-irch 2.00-yard yard .l8'/i(s) 



40-inch 2.47-yard 15 @ 



52inch 1 .90-yard 20 (3 



52 inch 1.95-yard 19'A@ 



60-inch 1.52-yard 25-5.^ @ 



Yarns: 



Garden Hose, 12/2 cabled pound Nominal 



Fire Hose 12/1 Nominal 



Imported Woolen Fabrics Specially Prepared for Rub- 

 berizing — Plain and Fancies: 



63-inch, 3!4 to 7!^ ounces square yard .38 @ 1.55 



36-inch, 2^i to 5 ounces .35 % .85 



Imported Plaid Lining (Union and Cotton): 



63-inch, 2 to 4 ounces square yard .35 @ .75 



36-inch, 2 to 4 ounces .25 @ .50 



Domestic Worsted Fabrics: 

 36-inch, A'/i to 8 ounces square yard ,32'/i@ .57yi 



Domestic Woven Plain Linings (Cotton) : 

 36-inch, 3^ to 5 ounces square yard .I5J^@ .20 



Raincoat Cloth (Cotton) : 



Bombazine vard .08 @ .OS'/i 



Twills , .12 @ .18 



Tweed 25 @ .35 



Tweed, printed 07'A@ .15 



Plaid 08V5@ .10 



Repp 24 (31 .27 



Burlaps: 



32 — 7yi-ovnce 100 yards 7.20 @ 



40— 7H-ounce 8.50 @ 



40— 8-ounce 8.75 @ 



40— 10-ounce 10.00 @ 



40 — lOJ/i-ounce 10.25 @ 



45 — 7^-ounce 9.60 @ 



45— Bounce 9.7S @ 



48 — 10-ounce 12.SD @ — 



