A poor demand for premium staple cotton was reported at New Orleans and a limited demand with light offerings at Memphis. Some of the sales reported in these two markets during the week were as follows:

New Orleans:Cents.
Middling to Strict Middling, 1 to 11
16 ins.		23⅜
Low Middling, 11
16 ins.		20½
Middling to Strict Middling, 11
16 to 1⅛ ins.		24¾
Memphis:
Strict Middling, full, 13
16 to 1¼ ins.		32

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 21½¢ per lb. at New Orleans and 22½¢ at Memphis on July 29, 1922, and 11¢ per lb. at New Orleans and 10¾¢ at Memphis on July 30, 1921.

Length.New Orleans.Memphis.
1922192119221921
Points.Points.Points.Points.
11
16 ins.		15075100125
1⅛ ins.375500400625
13
16 ins.		550800700925
1¼ ins.8001,1001,0001,125

Quotations reported on July 28 for Pima American-Egyptian cotton f. o. b. New England mill points were as follows: No. 1 grade, 38½¢ per lb.; No. 2, 36½¢; No. 3, 34½¢. A year ago Pima cotton on the same terms was quoted at 33¢ per lb. for No. 2 and No. 3 grades.

British Wool Imports for First Half of 1922

Total 677,634,000 Pounds.

The total imports of sheep and lambs’ wool by the United Kingdom during the first six months of 1922 amounted to 677,634,000 lbs., compared with 369,325,100 lbs. during the same period of 1921.

Most of the wool came from Australia, New Zealand, British South Africa, and Argentina. The imports from Australia and New Zealand combined amounted to 445,466,900 lbs., compared with only 251,225,300 lbs. during the first six months of 1921, while the imports from British South Africa increased from 56,904,600 lbs. in the first half of 1921 to 110,333,300 lbs. in the first half of 1922. The imports from Argentina increased from 16,548,300 lbs. in the first half of 1921 to 23,545,000 lbs. in the corresponding half of 1922.