Author: United States Department Of Agriculture

Publisher: Forgotten Books

Published: 2018-09-11

Total Pages: 28

ISBN-13: 9781390393057

Excerpt from Egyptian Cotton News Letter: January 1920 The Sea Island market was very slow, nominal quota tions being 83 to 85 cents for average extra choice and 85 cents for choice.' The rise in the price of Egyptians has caused a lull in the activity in this cotton. Apparently, much of the Speculative holdings in this country have been liquidated, and that which remains is being held for full prices. Even at that, the quotations for cotton on the spot in this country or in transit are much lower than those for shipment from Alexandria. High grade Sak is available at from 91 to 96 cents, while medium grades can be had around 90 cents or a trifle lower, and low grades as cheap as 85 cents. From Alexandria the prices are around to a pound, while 97 to 99 cents is being asked for uppers. Word from the southwest makes it appear that much of the American Egyptian has been very badly damaged with regard to grade by stormy weather and careless picking. Brokers who have been offering nothing lower than No. 2 grade now offer nothing better than No. 4 and No. 5 grades, which are held around 85 cents. Samples of this low grade cotton which arrived here have created a very unfavorable impression, and the idea prevails that, at the prices asked for it, this cotton can only be profitably utilized for tire yarns. One lot of Yuma cotton of the 1918 cr0p was offered in this market this week at 81 cents. It is believed to be practically the last of this kind of cotton available, as it is no longer being grown in the American Egyptian territory. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.