Chapter III: Part 3

WHEAT.
------------------------+------+------+---------+------+------+------
| Sat. | Mon. | Tue. | Wed. | Thr. | Fri.
------------------------+------+------+---------+------+------+------
CHICAGO. | | | | | |
Dark Nor. Spg. No. 3|145 | ... | 145 | ... | ... |144
No. 4|134¹⁄₂| ... | 140 | ... | ... |140
Hard Winter No. 2|126¹⁄₂|121¹⁄₂| 124 |122 | ... | ...
Yellow Hard Winter No. 2| ... |122¹⁄₄| 120 | ... | ... |117¹⁄₂
No. 3|122¹⁄₂|120³⁄₄| 118¹⁄₂| ... | ... | ...
Red Winter No. 2| ... | ... | 124¹⁄₂| ... | ... |126
MINNEAPOLIS. | | | | | |
Dark Nor. Spg. No. 1|160 |159 | 158 |155 |154 |155
No. 2|157 |155 | 153 |152 |148 |151
No. 3|151 |148 | 148 |146 |142 |144
No. 4|143 |140 | 139 |138 |134 |135
Nor. Spg. No. 1|153 |152 | 150 |149 |149 |150
No. 2|145 | ... | 148 |147 |144 |146
No. 3| ... |142 | 137 |137 |132 |137
No. 4|136 |135 | 134 |128 |130 |125
KANSAS CITY. | | | | | |
Dark Hrd. Wir. No. 1| ... | ... | 133 |127¹⁄₂|120 |124
No. 2|133³⁄₄|134³⁄₄| 131¹⁄₄|129³⁄₄|126⁷⁄₈|130
No. 3|129³⁄₄|132³⁄₈| 133 |126⁵⁄₈|122³⁄₄|126
No. 4|127 | ... | 130 |124 | ... |124
Hard Winter No. 1|122 |118³⁄₄| 120¹⁄₄|117³⁄₈|119¹⁄₂|122¹⁄₂
No. 2|122¹⁄₂|121⁵⁄₈| 122⁵⁄₈|119 |119³⁄₈|119¹⁄₄
No. 3|120¹⁄₄|123³⁄₄| 121³⁄₄|120 |118¹⁄₂|117⁷⁄₈
No. 4| ... |118 | 118⁵⁄₈| ... |116⁵⁄₈|115³⁄₄
Yellow Hard Winter No. 2|119 |117 | 115¹⁄₂|113⁵⁄₈| ... | ...
Red Winter No. 2| ... |132 | 130 |130 |128 | ...
No. 3| ... |127 | 125³⁄₈|123 |120 |120
No. 4| ... |110 | 111⁵⁄₈|113¹⁄₂|112 | ...
OMAHA. | | | | | |
Dark Hrd. Wir. No. 2| ... |122 | 120 | ... |118 |
Hard Winter No. 1|118³⁄₈|116 | 116 |116 |114³⁄₈|113¹⁄₂
No. 2|118³⁄₄|116¹⁄₄| 114¹⁄₈|114³⁄₄|113³⁄₈|112¹⁄₂
No. 3|117 |118 | ... |115 |111³⁄₄|111
Yellow Hard Winter No. 2|115 |115 | 133 |112¹⁄₄|112³⁄₈|112¹⁄₄
No. 3|113 |112 | 110³⁄₄|110 |110⁵⁄₈|111
No. 4| ... |111 | 109¹⁄₂| ... | ... |109
ST. LOUIS. | | | | | |
Red Winter No. 2|139⁵⁄₈|137¹⁄₄| 136 |133³⁄₄|133¹⁄₄|135¹⁄₈
No. 3|130⁷⁄₈|130⁷⁄₈|[1]129 |126³⁄₄|124¹⁄₄|129³⁄₄
No. 4|127 |125 |[1]121 |116¹⁄₄|113¹⁄₂|116¹⁄₂
------------------------+------+------+---------+------+------+------
CORN.
------------------------+------+------+---------+------+------+------
CHICAGO. | | | | | |
White No. 1| 53³⁄₄| 52³⁄₄| 51³⁄₄| 50¹⁄₄| 49 | 48¹⁄₄
No. 2| 53³⁄₄| 52³⁄₄| 51³⁄₄| 50¹⁄₄| 48³⁄₄| 48¹⁄₄
No. 3| 53¹⁄₄| 51³⁄₄| 51 | ... | ... | 48
Yellow No. 1| 54 | 52³⁄₄| 51³⁄₄| 50³⁄₄| 49³⁄₄| 48¹⁄₂
No. 2| 53³⁄₄| 52³⁄₄| 51³⁄₄| 50³⁄₄| 49¹⁄₄| 48¹⁄₂
No. 3| 53¹⁄₄| 52¹⁄₄| 51¹⁄₂| 50¹⁄₄| 48³⁄₄| 47³⁄₄
Mixed No. 1| 53³⁄₄| 52³⁄₄| 51¹⁄₂| 50 | 48³⁄₄| 48¹⁄₄
No. 2| 53¹⁄₂| 52¹⁄₂| 51¹⁄₂| 50 | 48³⁄₄| 48¹⁄₄
No. 3| 53¹⁄₄| 52¹⁄₄| 51 | ... | 48¹⁄₂| 47³⁄₄
No. 4| ... | ... | 50³⁄₄| ... | 48 | 47¹⁄₄
MINNEAPOLIS. | | | | | |
Yellow No. 1| 47 | 46¹⁄₄| 45¹⁄₄| 44¹⁄₂| 43¹⁄₂| 42³⁄₄
No. 2| 47 | 46¹⁄₂| 45 | 44 | 42¹⁄₂| 43
KANSAS CITY. | | | | | |
White No. 1| ... | 46¹⁄₂| 46¹⁄₂| ... | 45 | 43¹⁄₂
No. 2| 46³⁄₄| 46 | 46¹⁄₄| ... | ... | 43³⁄₄
Yellow No. 1| 47 | 45³⁄₄| 45³⁄₄| 46 | 45¹⁄₂| 44
No. 2| 46¹⁄₂| 45¹⁄₈| 45¹⁄₂| 45 | 45 | 44
Mixed No. 2| 43¹⁄₂| 43³⁄₈| ... | ... | ... | 40¹⁄₂
OMAHA. | | | | | |
White No. 1| 42¹⁄₂| 42¹⁄₈| 41³⁄₄| 40¹⁄₂| 39¹⁄₂| 38¹⁄₂
No. 2| 42¹⁄₂| 42¹⁄₂| ... | 40 | 40 | 38¹⁄₂
Yellow No. 1| 42⁵⁄₈| 42 | 41¹⁄₂| 40¹⁄₂| 39¹⁄₂| 38³⁄₄
No. 2| 42⁵⁄₈| 42 | 41¹⁄₂| 40¹⁄₂| ... | 38⁷⁄₈
No. 3| 43¹⁄₂| ... | ... | 40¹⁄₄| ... | 38¹⁄₂
Mixed No. 1| 41¹⁄₂| 41¹⁄₄| 41 | 40 | 39⁷⁄₈| 38⁵⁄₈
No. 2| 41⁷⁄₈| 41 | 41 | 40 | 39¹⁄₄| 38⁵⁄₈
ST. LOUIS. | | | | | |
White No. 1| ... | 50⁷⁄₈| 50¹⁄₂| 48⁷⁄₈| 48 | 33¹⁄₄
No. 2| 52¹⁄₂| 51 | 50 | 48³⁄₄| 48 | 33¹⁄₄
No. 4| ... | 49 | ... | 44 | 44 | ...
Yellow No. 1| 52¹⁄₈| 50⁵⁄₈| [1]50¹⁄₂| 49¹⁄₈| 48 | 47¹⁄₂
No. 2| 52 | 50⁵⁄₈| 50 | 49 | 48 | 47¹⁄₄
No. 3| 51¹⁄₂| 50 | 49 | ... | 47 | 46¹⁄₂
No. 4| 50 | ... | 48¹⁄₂| ... | ... | 45¹⁄₂
------------------------+------+------+---------+------+------+------
OATS.
------------------------+------+------+---------+------+------+------
CHICAGO. | | | | | |
White No. 2| 37 | 36¹⁄₂| 36¹⁄₄| 37 | 35 | 35
No. 3| 34¹⁄₂| 34 | 33¹⁄₂| 32³⁄₄| 32³⁄₄| 33
No. 4| 33³⁄₄| 33 | 32³⁄₄| 32 | 31³⁄₄| 32¹⁄₄
MINNEAPOLIS. | | | | | |
White No. 2| 34¹⁄₂| 33³⁄₄| 33 | 32¹⁄₄| 32 | 32¹⁄₂
No. 3| 33¹⁄₄| 32¹⁄₂| 32 | 31¹⁄₄| 31 | 31
No. 4| 32¹⁄₂| 31¹⁄₂| 31 | 31¹⁄₄| 31 | 30¹⁄₂
KANSAS CITY. | | | | | |
White No. 3| 35⁵⁄₈| 35³⁄₈| 34³⁄₈| 33¹⁄₂| 33⁵⁄₈| 33³⁄₈
No. 4| ... | 34¹⁄₂| 33³⁄₈| ... | 33¹⁄₄| ...
OMAHA. | | | | | |
White No. 3| 31³⁄₄| 31¹⁄₄| 30⁷⁄₈| 29⁷⁄₈| 30 | 30
No. 4| 31 | 30¹⁄₂| 30 | 29¹⁄₂| 29¹⁄₂| 29¹⁄₂
ST. LOUIS. | | | | | |
White No. 2| ... | 37¹⁄₂| [1]37¹⁄₂| 35³⁄₄| 35¹⁄₄| ...
No. 3| 36¹⁄₈| 36¹⁄₂| [1]36 | 34¹⁄₂| 34¹⁄₂| 34¹⁄₄
No. 4| 35 | 34³⁄₄| 34¹⁄₂| 33³⁄₄| 33³⁄₄| 33¹⁄₂
------------------------+------+------+---------+------+------+------
RYE.
------------------------+------+------+---------+------+------+------
CHICAGO. | | | | | |
No. 2 |104¹⁄₂|102 | 100³⁄₄|100¹⁄₄| 99 | ...
MINNEAPOLIS. | | | | | |
Western No. 2| 99 | 97¹⁄₂| 96 | 94¹⁄₂| 93 | 92
------------------------+------+------+---------+------+------+------
Daily Closing Prices of Futures.
------------------------+------+------+---------+------+------+------
CHICAGO. | | | | | |
Wheat Sept.|123¹⁄₂|121¹⁄₂| 119¹⁄₂|117¹⁄₄|118¹⁄₄|116
Dec. |126 |126¹⁄₂| 123¹⁄₄|120⁷⁄₈|123 |120³⁄₄
Corn Sept.| 52¹⁄₄| 51 | 50⁷⁄₈| 49 | 48¹⁄₂| 47
Dec. | 52³⁄₈| 51³⁄₄| 51³⁄₈| 50¹⁄₈| 50 | 49⁵⁄₈
Oats Sept.| 35 | 34³⁄₈| 34 | 33³⁄₈| 33¹⁄₄| 32¹⁄₂
Dec. | 37³⁄₄| 37¹⁄₄| 37¹⁄₂| 36³⁄₈| 36⁵⁄₈| 36³⁄₈
KANSAS CITY. | | | | | |
Wheat Sept.|116 |114 | 112¹⁄₂|111 |110³⁄₄|110
Dec. |117³⁄₄|116¹⁄₄| 115¹⁄₈|113¹⁄₈|114³⁄₄|112
May |121³⁄₄|120¹⁄₄| 119⁵⁄₈|117³⁄₄|119³⁄₈|117¹⁄₈
Corn Sept.| 42⁷⁄₈| 42¹⁄₂| 41¹⁄₄| 40¹⁄₂| 39⁵⁄₈| 39
Dec. | 44¹⁄₂| 43⁵⁄₈| 43¹⁄₄| 42¹⁄₈| 41⁷⁄₈| 41¹⁄₄
May | 48³⁄₄| 48 | 47⁷⁄₈| 46⁷⁄₈| 46⁷⁄₈| 46³⁄₈
Oats Sept.| 34 | 34 | 34 | 34 | 34 | 33³⁄₄
Dec. | 35¹⁄₂| 35 | 34³⁄₄| 34 | 34 | 33⁵⁄₈
------------------------+------+------+---------+------+------+------

[1] Common average.

Cash wheat at Minneapolis declined 2¢ to 5¢ for No. 1 Dark Northern, and 4¢ for No. 2, more than the December future declined. On Oct. 3, No. 1 Dark Northern sold at 10¢ to 18¢ over Minneapolis December and No. 2 at 6¢ to 12¢ over. The weakness in the cash market at Minneapolis was caused by a poor flour demand and increasing receipts of spring wheat. Reports from Minneapolis for some time past have reflected a very poor demand for flour.

The visible supply statement issued on Oct. 3 showed an increase of 1,636,000 bus. of wheat for the week. The total on that date was 52,795,000 bus. compared with 27,391,000 a year ago. The supply statement also showed a decrease of 726,000 bus. of corn for the week, making the total 11,765,000 compared with 7,587,000 a year ago. In the Chicago market on Oct. 3 No. 2 Mixed corn sold at 2¢ to 2¹⁄₄¢ under December and No. 2 Yellow at 1³⁄₄¢ to 2¢ under.

=GRAIN EXPORTS.=

=Wheat Inspected Out Under American Grades Only--Flour Not Included.=

[Thousands of bushels: i. e., 000 omitted.]

------------------------------+------+-----+-----+-------+------
|Wheat.|Corn.|Oats.|Barley.| Rye.
------------------------------+------+-----+-----+-------+------
Week ending Oct. 1: | | | | |
Atlantic ports[1] | 2,061| 157| ... | 101 | 214
Gulf ports[2] | 2,330| 158| 9| ... | ...
Pacific ports[3] | 1,149| ... | ... | 483 | ...
+------+-----+-----+-------+------
Total | 5,540| 315| 9| 584 | 214
Previous week | 4,379| 193| 12| 2,031 | 186
Corresponding week last year | 7,417| ... | 67| 104 | 623
Total, July 1 to Oct. 1, 1921 |85,223|6,581| 344|11,357 | 2,528
Corresponding period last year|83,750| 97|2,057| 5,545 |11,469
------------------------------+------+-----+-----+-------+------

[1] Boston, New York, Philadelphia, Baltimore, Portland, Me., and
Newport News.

[2] New Orleans, Galveston, Texas City, and Port Arthur, Tex.

[3] Seattle, Tacoma, Astoria, Portland, Oreg., and San Francisco.

Ocean Freight Rates on Grain and Flour Reduced.

A new schedule of grain rates for the North Atlantic service has been announced by the Shipping Board, as the outcome of a joint conference of shipping companies recently held in New York. The old and new rates on wheat and corn per 100 lbs. from North Atlantic ports are as follows:

--------------+---------+---------- To-- |Old rate.| New rate. --------------+---------+---------- |_Cents._ | _Cents._ United Kingdom| 21 | 17 Antwerp | 22¹⁄₂ | 16¹⁄₂ Hamburg | 22¹⁄₂ | 18 --------------+---------+----------

Wheat flour, which takes a differential of 55¢ per 100 lbs., will be subject to a corresponding reduction, making the new rates on flour per 100 lbs. as follows: To the United Kingdom, 22¢; to Antwerp, 21¢; and to Hamburg, 23¢.

Bulk of White Clover Seed Already Sold.

Growers in southern Wisconsin had disposed of 80% of their crop of white clover seed by the end of September. The prevailing prices ranging from $30 to $40 per 100 lbs. have been fairly satisfactory to growers. The quality of the seed varies in different localities but probably averages about the same as or slightly inferior to that of last year because more of it is reported mixed with alsike and timothy.

The imports of white clover seed, principally from Germany, have tended to stabilize prices for the short crop of American seed. From July 1 to Sept. 30 there was permitted entry 538,600 lbs. and none for the same period last year.

Timothy Seed Exports to Europe.

Exports of timothy seed from New York during the two weeks ending Oct. 1, were 550,000 lbs. to Great Britain, 75,000 lbs. to Denmark, 40,000 lbs. to Germany, and 20,000 lbs. to Holland. Exports of Kentucky bluegrass from New York and Baltimore were 21,000 lbs. to Holland, 28,000 lbs. to Great Britain, and 16,500 lbs. to Germany.

The arrivals of imported seed at New York and Baltimore during the same period were: Alfalfa, 425,000 lbs. from Argentina; red clover, 113,000 lbs. from Germany, 92,000 lbs. from France, and 44,000 lbs. from Chile; white clover, 22,000 lbs. from Denmark and 11,000 lbs. from Holland; crimson clover, 105,000 lbs. from Germany; orchard grass, 179,000 lbs. from Denmark, 121,000 lbs. from Germany, and 45,000 lbs. from Holland; sunflower, 560,000 lbs. and canary, 128,000 lbs. from Argentina; rape, 187,000 lbs. from Holland and 44,000 lbs. from France; vetch, 57,000 lbs. from Sweden and 11,600 lbs. from Germany; rye grass, 22,000 lbs. from Great Britain; and grass (kind not specified) 123,000 lbs. from Argentina.

Egypt May Control Sowing of Cotton Seed.

The Government of Egypt is now considering a plan whereby it will assume control over all cotton seed used for planting purposes to preserve the standard varieties in a state of purity and to facilitate the propagation of new varieties under the most favorable conditions.

The history of the cotton industry in Egypt shows that a great number of cotton varieties have been planted which after a period of commercial popularity have almost disappeared from cultivation. Under the plan now being proposed no private person or firm will be permitted to engage in the selection or production of new varieties or strains of cotton unless licensed to do so, and even then not more than 200 acres may be devoted to the experiment. The area to be so planted must furthermore first undergo a field test for at least two years under the direction of the ministry of agriculture.

If the experiment proves satisfactory the seed obtained from the new variety or strain will be propagated and distributed by the Government under the name registered by the original producer. The Government will allow the producer a royalty on all seed used or sold for planting purposes, but will reserve the right to limit the rate of, or to discontinue entirely, its propagation.

Further information on this proposed control plan may be obtained upon request to the Bureau of Markets and Crop Estimates, Washington, D. C.

* * * * *

=The economic importance of seeds= is perhaps greater than that of any other farm commodity. Seeds are potential plants. Practically all staple foods are derived, either directly or indirectly, from plants. A shortage of seed in any country or section of a country may mean a shortage of food. The commercial supply of seeds in the United States safeguards every section of this country against a deficiency in the necessary requirements for planting annually and indirectly helps to maintain the stocks of food at uniform levels.

* * * * *

=The best commercial grades= of red clover, alfalfa, and timothy seed test 99.5% or better in purity.

_Hay and Feed_

HAY PRICES REGISTER ADVANCE IN NEW YORK MARKET.

Prices in Most Markets Unchanged Under Continued Light Receipts--Demand for Top Grades Only.

A continued light movement of hay to market prevailed during the week ending Oct. 1 and with the exception of one or two markets prices were but little changed from the preceding week.

The average price of No. 1 timothy at the principal timothy markets is now about $23.50 per ton, with the alfalfa average price about $22.75. This is $10 less per ton for both kinds than the prevailing average price Oct. 1, 1920. There is a fair local demand in limited quantities for the better grades of hay but scarcely any shipping demand and the lower grades are neglected. Good pastures and large local supplies of forage are important factors and will probably curtail demand for some time.

Receipts at nine of the important hay markets were practically the same as for the preceding week and totaled only a little over 1,000 cars compared with over 2,000 cars in the same markets at the corresponding time last year. The following table gives receipts of hay in several important markets for the weeks ending Sept. 24 and Oct. 1, 1921, and Oct. 2, 1920.

--------------------+------------------+--------
| 1921 | 1920
Cities. +------------------+--------
|Oct. 1.| Sept. 24.| Oct. 2.
--------------------+-------+----------+--------
New York | 73 | 164 | 359
Pittsburgh | 50 | 55 | 186
Cincinnati | 93 | 66 | 219
Chicago | 184 | 195 | 207
Minneapolis-St. Paul| 67 | 36 | 18
St. Louis | 152 | 105 | 215
Kansas City | 189 | 139 | 1,019
San Francisco | 78 | 107 | ...
Los Angeles | 144 | 150 | 78
--------------------+-------+----------+--------

TIMOTHY UP $4 AT NEW YORK.

_Timothy._--Very light receipts of timothy at New York and efforts on the part of dealers to replenish their light stocks from the small quantity of hay arriving caused prices to advance $4 per ton during the week in that market. Buying was restricted, however, by the higher prices. Other eastern markets were practically unchanged. Good hay is scarce but equal to the light demand.

Prices at both the Pittsburgh and Cincinnati markets advanced $1 during the week, but the advance at Cincinnati was lost on Saturday because of a lack of support from shippers. Light receipts were almost entirely responsible for the firm market tone both at Chicago and St. Louis, as the demand was not large and was confined principally to local needs. At Chicago cars of choice hay in small bales sold at premiums of $1 to $2 over current quotations. Receipts on the North side increased and those on the South side decreased, so that the premium at which hay sold on the North side tracks last week was reduced about $1 per ton.

There was very little activity in the southern markets during the week. Stocks are light, but buying is only for the light local demand. Richmond reports a good demand for No. 1 clover hay, of which very little is being offered.

_Alfalfa._--The alfalfa market showed some advances during the week, but prices were not materially higher. A better demand from southern and southeastern consuming sections and from interior Kansas points, where supplies are relatively small, was reported at Kansas City. Los Angeles also reports an increased demand for good grades. Choice dairy and rabbit hay is selling at a good premium over No. 1 and standard alfalfa. A sharp demand for fertilizer alfalfa is also reported from southern California.

Further shipments of alfalfa from San Francisco to the New England States were made during the week, but local demand in that market is very light. The movement of alfalfa in other Western States is light, caused principally by the light feeding demand and high freight rates.

_Prairie._--More favorable weather has resulted in larger receipts of prairie hay at Minneapolis. The market remained steady, however, because of buying by the local stockyard. Firm prices on timothy and light receipts of prairie totaling only six cars for the week caused a firm market at Chicago also. The light receipts were attributed to the low prices which prevailed a short time ago. Increased receipts at Kansas City, caused apparently by the recent high prices, are more than equal to the limited demand and the market for prairie is weak with prices somewhat lower than last week. There was a good local demand from the stockyards, but practically no shipping demand, which is required to absorb any materially increased receipts. But little change is expected until colder weather arrives.

_Straw._--Light receipts of straw caused slight price advances in several markets. Demand is light, however, and would not absorb a large increase in receipts except at price concessions. The following quotations represent current prices: No. 1 wheat straw--Philadelphia $12, Pittsburgh $11.50, Richmond $13, Cincinnati $9, Chicago $11.50, Minneapolis and Kansas City $8; No. 1 oat straw--Philadelphia and Pittsburgh $12, Cincinnati $11, Chicago $12.50, Minneapolis $9, Kansas City $8; No. 1 rye straw (straight)--New York $22.50, Philadelphia $20; (tangled) Pittsburgh $12.50, Chicago $13.50, Cincinnati and Minneapolis $9.

WHEAT MILL FEED MARKET SHOWS VERY WEAK CONDITION.

General Inactivity in Feed Market Continues--Offerings of Cottonseed Meal Increasing.

The feed market throughout the country was very dull and weak for the week ending Oct. 1. There was practically no investment buying of any commodity and dealers were supplying their immediate needs only. Prices generally are weak and in some markets lower on several feeds.

Production of wheat and corn feeds remains fairly heavy. Cotton seed in some sections is moving more freely and meal mills are expected to increase their offerings. Feed shipments from Minneapolis mills were heavy and stocks in public warehouses at lake ports are increasing. Approximately 28,750 tons of wheat feeds were reported in these warehouses at the end of the week under review, compared with about 2,200 tons at the corresponding time last year.

_Wheat mill feeds._--Continued heavy production of bran and middlings, together with a lack of sufficient demand to absorb the offerings, resulted in a very weak feed market during the week. The lower grain prices were also a bearish factor. Bran was especially dull. Both mills and jobbers were pressing sales in some markets. Some distress bran was in evidence at both Chicago and Cincinnati. Hard winter bran sold as low as $10 per ton on track at Kansas City.

=CARLOAD PRICES OF HAY AND FEED AT IMPORTANT MARKETS, OCT. 1.=

[In dollars per ton.]

-----------------+-----+------+-----+-----+-----+-----+------+------+
Commodity. | New |Phila-|Rich-| At- | Sa- | Mem-| St. |Pitts-|
|York.| del- |mond.| lan-| van-|phis.|Louis.|burgh.|
| [1] | phia.| | ta. | nah.| [1] | [1] | [1] |
| | | | | | | | |
-----------------+-----+------+-----+-----+-----+-----+------+------+
HAY. | | | | | | | | |
Timothy and | | | | | | | | |
clover: | | | | | | | | |
No. 1 timothy |31.00| 23.00|26.00|28.00|26.50|24.50| 25.00| 22.50|
| | | | | | | | |
Standard | | | | | | | | |
timothy |30.50| 22.00|25.00|26.00|25.50|22.00| 23.00| 21.50|
No. 2 timothy |29.50| 20.00|24.00|24.50|24.50|20.00| 20.00| 19.50|
No. 1 light | | | | | | | | |
clover, mixed |29.50| 19.00|25.00|26.00|24.50| ... | 22.00| 20.00|
| | | | | | | | |
No. 1 clover, | | | | | | | | |
mixed | ... | ... |24.00| ... | ... | ... | 20.00| 21.00|
| | | | | | | | |
No. 1 clover | ... | ... |24.00| ... | ... | ... | 21.00| 20.00|
Alfalfa: | | | | | | | | |
No. 1 alfalfa |28.00| ... | ... |29.00|28.50|23.00| 22.00| ... |
| | | | | | | | |
Standard | | | | | | | | |
alfalfa | ... | ... | ... |27.00| ... |20.00| 20.00| ... |
| | | | | | | | |
No. 2 alfalfa | ... | ... | ... |25.00| ... |17.00| 18.00| ... |
| | | | | | | | |
Prairie: | | | | | | | | |
No. 1 upland | ... | ... | ... | ... | ... | ... | 17.00| ... |
No. 2 upland | ... | ... | ... | ... | ... | ... | 15.00| ... |
No. 1 midland | ... | ... | ... | ... | ... | ... | ... | ... |
Grain: | | | | | | | | |
No. 1 wheat | ... | ... | ... | ... | ... | ... | ... | ... |
No. 1 oat | ... | ... | ... | ... | ... | ... | ... | ... |
FEED (bagged). | | | | | | | | |
Wheat bran: | | | | | | | | |
Spring |21.25| 20.75|21.50|22.00| ... | ... | ... | 19.50|
Soft winter |21.50| 22.50|25.00|22.00|23.50|16.00| 14.50| 20.50|
Hard winter |21.50| 21.25| ... |22.00| ... | ... | 14.00| 20.00|
Wheat middlings: | | | | | | | | |
Spring | | | | | | | | |
(standard) |22.25| 21.75|24.00|27.00| ... | ... | ... | 21.50|
Soft winter | ... | 28.00| ... |30.00|30.00| ... | 22.50| 27.50|
Hard winter | ... | 27.00| ... |28.00| ... | ... | 21.50| 27.50|
Hard winter | | | | | | | | |
wheat shorts | ... | ... | ... |30.00| ... |24.00| 18.00| 27.00|
| | | | | | | | |
Wheat millrun | ... | 23.50| ... | ... | ... | ... | ... | 23.50|
Rye middlings | ... | 20.50|21.00| ... | ... | ... | ... | 19.00|
High-protein | | | | | | | | |
meals: | | | | | | | | |
Linseed |46.75| 44.50| ... | ... | ... | ... | 40.75| 45.00|
| | | | | | | | [2] |
Cottonseed | | | | | | | | |
(41%) | ... | 45.25| ... | ... | ... |36.00| 40.00| 44.50|
Cottonseed | | | | | | | | |
(36%) |45.25| 43.25| ... |41.00|40.50|35.00| 38.50| 42.00|
No. 1 alfalfa | | | | | | | | |
meal (medium) | ... | ... | ... |29.00| ... |22.50| 20.00| ... |
Gluten feed |35.34| 34.93| ... | ... | ... | ... | 29.25| ... |
White hominy feed|29.25| 28.75|30.00|28.00| ... | ... | 21.00| ... |
Yellow hominy | | | | | | | | |
feed |27.25| 26.00|30.00| ... | ... | ... | 19.00| ... |
Ground barley | ... | ... | ... | ... | ... | ... | ... | ... |
| | | | | | | | |
Dried beet pulp |29.25| 28.00| ... |33.50|42.00| ... | ... | 25.80|
-----------------+-----+------+-----+-----+-----+-----+------+------+

-----------------+-----+-----+------+-----+------+------+-----
Commodity. | Cin-| Chi-| Min- | Oma-|Kansas| San | Los
| cin-|cago.| nea- | ha. | City.| Fran-|Ange-
|nati.| [1] |polis.| [1] | [1] |cisco.| les.
| [1] | | [1] | | | [1] | [1]
-----------------+-----+-----+------+-----+------+------+-----
HAY. | | | | | | |
Timothy and | | | | | | |
clover: | | | | | | |
No. 1 timothy |20.00|24.00| 19.50| ... | 14.50| ... | ...
| | | | | [2] | |
Standard | | | | | | |
timothy | ... |22.00| 18.50| ... | 13.50| ... | ...
No. 2 timothy |18.50|20.00| 18.00| ... | 12.50| ... | ...
No. 1 light | | | | | | |
clover, mixed |18.50|21.00| 18.00| ... | 13.50| ... | ...
| | [3] | | | [2] | |
No. 1 clover, | | | | | | |
mixed |17.00|17.00| 17.50| ... | 11.00| ... | ...
| | [2] | [2] | | | |
No. 1 clover |20.00|17.00| 17.00| ... | 11.50| ... | ...
Alfalfa: | | | [2] | | [2] | |
No. 1 alfalfa |21.00|22.00| 21.00|15.50| 18.00| 18.00|19.00
| [2] | | [2] | | | |
Standard | | | | | | |
alfalfa |19.00|20.00| 19.00|13.50| 15.00| 17.00| ...
| [2] | | [2] | | | |
No. 2 alfalfa |17.00|17.00| 17.00|10.50| 12.00| 13.00| ...
| [2] | | [2] | | | |
Prairie: | | | | | | |
No. 1 upland | ... |17.00| 16.50|11.00| 12.00| ... | ...
No. 2 upland | ... |15.00| 14.00| 9.50| 10.00| ... | ...
No. 1 midland | ... |14.00| 12.00|10.00| 8.50| ... | ...
Grain: | | | | | | |
No. 1 wheat | ... | ... | ... | ... | ... | 20.00| ...
No. 1 oat | ... | ... | ... | ... | ... | 16.00|21.00
FEED (bagged). | | | | | | |
Wheat bran: | | | | | | |
Spring |17.00|15.25| 12.50| ... | ... | ... | ...
Soft winter |17.50| ... | ... | ... | 10.75| 28.00|28.00
Hard winter |17.00|15.25| ... |10.50| 10.50| ... |22.00
Wheat middlings: | | | | | | |
Spring | | | | | | |
(standard) |20.50|16.50| 13.50| ... | ... | ... | ...
Soft winter |24.00| ... | ... | ... | 18.50| 39.00| ...
Hard winter |20.50| ... | ... | ... | 18.50| ... | ...
Hard winter | | | | | | |
wheat shorts | ... | ... | ... |18.00| 15.50| ... | ...
| | | | | [3] | |
Wheat millrun | ... | ... | 30.00| ... | 15.00| 27.00| ...
Rye middlings |17.00| ... | 12.50|12.00| ... | ... | ...
High-protein | | | | | | |
meals: | | | | | | |
Linseed |45.00|41.00| 38.00|41.50| 39.25| ... | ...
| | | | | | |
Cottonseed | | | | | | |
(41%) |41.25|42.00| ... | ... | 39.75| 41.00| ...
Cottonseed | | | | | | |
(36%) |38.50|40.00| ... | ... | ... | ... |36.00
No. 1 alfalfa | | | | | | |
meal (medium) |23.50|21.50| ... |17.00| 17.25| 20.00|27.00
Gluten feed |32.45|28.65| ... | ... | 34.50| ... | ...
White hominy feed|26.00|21.00| ... |19.00| 20.00| ... | ...
Yellow hominy | | | | | | |
feed |26.00|19.00| ... |18.50| 19.00| ... | ...
Ground barley |36.00|31.00| 20.00| ... | 24.50| ... |30.00
| | | | | | | [4]
Dried beet pulp |25.90| ... | 23.50| ... | 21.00| ... |25.00
-----------------+-----+-----+------+-----+------+------+-----

[1] Hay quotations represent average of cash sales at these markets.

[2] Nominal.

[3] Brown.

[4] Rolled.

MIDDLINGS ACTIVE.

Middlings were more active than bran and in several western markets, including Kansas City and St. Louis, there was a good demand for middlings and shorts from both local buyers and shippers. The shipping demand was rather broad, mostly in single car orders, from the Central West, South, and Southeast. The higher prices asked for middlings in the southern markets, however, are causing consumers to buy bran instead. Although prices are low some dealers are inclined to think that still lower prices will prevail if an attempt is made to market the feed stored at lake ports before navigation closes. However, Minneapolis mills are holding firm at present quotations.

_Cottonseed meal._--The cottonseed meal market has lost much of the strength displayed during the past few weeks. New seed is now moving to mills in larger quantities and the available supply of meal is increasing. There is practically no consumptive demand and dealers are therefore holding off buying as they expect lower prices. Offerings from mills are still limited and in some sections only for October delivery. Lack of demand rather than heavy offerings is probably the cause of the present weakness in meal prices. Some exports of meal are reported at New Orleans. The demand for meal for fertilizer purposes is light because other ammoniates are cheaper at the present time.

_Linseed meal._--Northwestern linseed meal mills reduced their prices somewhat during the week, but the decline was not reflected in all the markets. Philadelphia reports a slight advance in prices, but quotations at Buffalo and Chicago were lower. Stocks are rather heavy and jobbers are pressing sales. There is only a very light demand and resellers are offering meal at $2 to $3 under mill prices in an effort to stimulate sales.

GLUTEN FEED DEMAND DULL.

_Gluten feed._--No further reductions in the price of gluten feed were reported during the week, but the demand was very dull and very little interest was shown by buyers. Large Chicago manufacturers reported a slight increase in buying orders toward the last of the week. Buffalo reported a light demand, but mills are not pressing sales as they were a few days ago.

_Hominy feed._--Lower corn prices were reflected in the hominy feed market. Prices declined 50¢ to $1 in several markets and mills were urgent sellers. The demand for all other feeds is very light so that a surplus in the offerings, especially of yellow hominy feed, is noticeable.

_Alfalfa meal._--Alfalfa meal at Kansas City was weak and lower, No. 1 meal being offered as low as $17.20 per ton and No. 2 at $14. The demand from both feeders and feed manufacturers is light. But little improvement in the market for this feed can be expected until some activity appears in the demand for other feeds.

_Peanut meal._--No offerings of new crop peanut meal have been reported, and it is stated that probably none will be offered until about Nov. 1.

DEMAND FOR CUT HAY ALMOST A THING OF THE PAST.

General Use of Automobiles and Electric Street Cars Cuts Sales--Was Used Mostly in Cities.

The demand for cut, or chopped, hay has diminished to such an extent during the past decade that at present only an occasional car is bought by city dealers while only a few shippers prepare this commodity for market.

But back in the days when phaetons, surreys, and smart traps drawn by high-stepping trotters and easy-going “family” horses were seen upon the boulevards, and the heavy hauling was done by big draft horses rather than by gasoline-eating trucks, many city dealers operated plants for the preparation and baling of cut hay. Numerous plants also were situated in the producing sections of New York, Pennsylvania, and Ohio. The advent of the automobile, however, has changed all this, aided materially by the substitution of electricity for mule power as the propelling force of street cars.

The kinds of hay usually chopped were timothy and clover mixed. While hay which had become slightly overripe or which contained a mixture of grasses frequently was used, only good, sound, and sweet feeding hay was considered fit for shipping.

FED MIXED WITH GRAIN.

Cut hay is generally fed mixed with grain and is considered an excellent feed, as it prevents the stock from eating the concentrated grain ration too rapidly. The hay is usually dampened when used in this manner. This is one of the disadvantages of feeding it for if more than enough is mixed for one feed and it is not fed within a short time it is likely to sour if the weather is warm, or possibly freeze if the weather is cold. This condition, together with the labor and bother of mixing, has caused feeders in many instances to turn to ready-mixed and molasses feeds.

However, for feeders who desire to prepare their own mixed feed ration the cut hay is probably the most convenient ingredient that can be used to produce the required bulk.

IMPORTS OF FORAGE-PLANT SEEDS.

=The Seed Laboratory of the Bureau of Plant Industry reports the following imports of forage-plant seeds permitted entry into the United States under the seed importation Act.=

-------------------------+-------------------+---------+----------
| September-- | July 1- | July 1-
Kind of seed. +---------+---------+Sept. 30,| Sept. 30,
| 1921 | 1920 | 1921 | 1920
-------------------------+---------+---------+---------+----------
|_Pounds._|_Pounds._|_Pounds._| _Pounds._
Alfalfa | 422,200 | 44,100 |1,364,000| 171,500
Canada bluegrass | 5,200 | ... | 7,400| ...
Alsike clover | 671,400 | 87,000 |1,106,700| 109,700
Crimson clover | 879,500 | 998,100 |1,581,600|1,958,800
Red clover | 116,400 | 6,800 |1,792,900| 305,200
White clover | 263,600 | ... | 538,600| ...
White and alsike clover | | | |
mixtures | 2,700 | ... | 8,100| ...
Red and alsike clover | | | |
mixtures | 2,100 | ... | 2,100| ...
Alsike clover and timothy| | | |
mixtures | 500 | ... | 1,100| ...
Broom-corn millet | ... | ... | ... | 1,100
Foxtail millet | ... | 14,700 | ... | 14,700
Grass mixtures | ... | ... | 40,100| ...
Orchard grass | 833,300 | ... | 959,100| ...
Rape | 554,100 | 170,900 | 728,700| 215,700
English rye grass | ... | 15,600 | 16,300| 130,800
Italian rye grass | ... | 49,800 | 13,800| 131,300
Timothy | ... | ... | 95,100| ...
Hairy vetch | 280,600 | 33,000 | 645,900| 367,700
Spring vetch | ... | ... | 8,800| ...
-------------------------+---------+---------+---------+----------

=The cleaning=, if any, that the average farmer gives his seed merely removes dirt, chaff, and weed and other foreign seeds that are much larger or smaller or much heavier or lighter than the kind of seed that is being cleaned.

_Cotton_

PRICES OF SPOTS AND FUTURES CONTINUE TO ADVANCE.

Condition of Crop Poorest on Record--Production Estimated at Only 6,537,000 Bales.

Perhaps the main feature in the cotton markets for the week ending Oct. 1 was the sensational advance in prices which occurred on Sept. 27. That day was the first day for the issuance of notices of deliveries to be made on October future contracts at the two future exchanges and it is reported that the notices issued were for more than 80,000 bales at New York and over 20,000 bales at New Orleans. However, in spite of these notices of heavy deliveries, the demand for October contracts during the day was such that the price at New York rose 1³⁄₄¢ per lb. and at New Orleans nearly 1¹⁄₂¢ over the low point reached early in the morning.

The closing prices for October future contracts for that day were 21.03¢ at New York and 20.70¢ at New Orleans, or 143 points and 135 points, respectively, above the closing prices of the previous Saturday. The average price of middling in the 10 designated markets reached 20.89¢ per lb. on Sept. 27, or very nearly $5 per bale higher than at the close of the previous week.

TRADE APPREHENSIVE.

Only the better grades of cotton are deliverable on future contracts so that probably one of the main causes of the keen demand for October contracts was the apprehension that the present crop will not only be the smallest for many years but that it will also be of low grade, as is indicated by reports from some sections.

During the remainder of the week prices eased off somewhat under heavy hedge selling and liquidation by long interests, but indications were that the demand for future contracts, as well as for spot cotton during the entire week, was fully equal to the offerings. The end of the week found prices higher than those prevailing at the close of the previous week except for the prices for the more distant months, which were a few points lower.

The average price of Middling as determined from the quotations of the 10 designated spot markets closed at 20.71¢ per lb. on Oct. 1, compared with 19.92¢ at the close of the previous week and 23.11¢ for the corresponding day in 1920.

Fluctuations in prices for futures ranged from a decline of 27 points for July future contracts at New York to an advance of 88 points for October futures in the same market. October futures on the New Orleans Cotton Exchange advanced 70 points. October future contracts on the Liverpool Cotton Association closed at 14.68d. per lb. on Sept. 30, compared with 14.16d. at the close of the previous week and 17.23d. for the corresponding day in 1920.

SPOT SALES LARGER.

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.

=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|
------------------+-------+-------+-------+-------+-------+-------+