Egyptian Deliveries, fully good fair (in 64ths of a penny).
| Yesterday’s Close. | Business before Noon. | To-day’s Business Afternoon. | Closing Values. | |
| April | 10-11 | · · | · · | 10-1 |
| May | 10-12 | 9-62, 3, 10-0 | 10-2* | 10-1 |
| 9-63, 2, 10-0 | ||||
| June | 10-11 | · · | · · | 10-0 |
| July | 10-9 | 9-60, 1, 0* | 9-63,* 10-0,* | 9-62 |
| 9-63, 2 | ||||
| Aug. | 10-0 | · · | · · | 9-54 |
| Sept. | 9-58 | · · | · · | 9-48 |
| Oct. | 9-24 | · · | · · | 9-18 |
| Nov. | 8-58 | 8-52,* 0, 49 | · · | 8-52 |
| Dec. | 8-50 | 8-39* | · · | 8-42 |
| Jan. | 8-44 | 8-36 | · · | 8-35 |
| * Transactions of 100 bales only. | ||||
Egyptian futures, it will be observed, run out in single months. As the cost of dealing in “futures” is only one shilling on each transaction for a member of the Cotton Exchange (the outsider is charged in addition a commission by his broker), it is not surprising that the transactions taking place in “futures” number legion.
The methods of dealing in cotton are very intricate, and it is necessary here to interpolate an explanation of the relations between the prices paid by spinners for cotton and the quoted “spot” prices. We begin by giving the official quotations of “spot,” and statement of business done, published on the morning of the 19th of April 1906.
| Quotations. | ||||||
| G.O. | L.M. | Mid. | G.M. | F.G.M. | M.F. | |
| American | 5.87 | 6.05 | 6.21 | 6.41 | 6.49 | 6.71 |
| Mid Fair. | Fair. | Gd. Fair. | |
| Pernam | 5.95 | 6.35 | 6.61 |
| Ceara | 6.02 | 6.40 | 6.62 |
| Paraiba | 5.94 | 6.32 | 6.56 |
| Maceio | 5.96n | 6.34n | 6.56n |
| Fair. | Gd. Fair. | F.G.F. | Good. | Fine. | |
| Egyptian br’n | 87⁄8 | 97⁄8 | 101⁄4 | 11 | 115⁄8 |
| Egyptian Upper | 93⁄16 | 95⁄8 | 97⁄8n | 10n |
| Gd. Fr. | F.G.F. | Gd. | G.F. | Fine. | S’fine. | |
| M. G. Broach. | · · | · · | 57⁄16 | 519⁄32 | 53⁄4 | · · |
| Bhownuggar | 49⁄16n | 411⁄16n | 413⁄16n | 415⁄16n | 51⁄16n | · · |
| No. 1 Comra | 49⁄16n | 411⁄16n | 413⁄16n | 415⁄16n | 51⁄16n | · · |
| Bengal | 325⁄32 | 329⁄32 | 41⁄32 | 45⁄32 | 45⁄16 | 4¼ |
| Tinnevelly | 5¼ | 57⁄16 | 59⁄16 | · · | · · | · · |
Cotton Ships arrived.
Boston: Canadian S. Hamburg: Iceland S.