.. | 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 8-7/8 9-7/8 10-1/4 11 11-5/8
" Upper -- 9-3/16 9-5/8 9-7/8n 10n

Gd. Fr. F.G.F. Gd. G.F. Fine. S'fine.

M. G. Broach. .. .. 5-7/16 5-19/32 5-3/4 ..
Bhownuggar 4-9/16n 4-11/16n 4-13/16n 4-15/16n 5-1/16n ..
No. 1 Comra 4-9/16n 4-11/16n 4-13/16n 4-15/16n 5-1/16n ..
Bengal 3-25/32 3-29/32 4-1/32 4-5/32 4-5/16 4-1/4
Tinnevelly 5-1/4 5-7/16 5-9/16 .. .. ..

_Cotton Ships arrived._
Boston: Canadian S. Hamburg: Iceland S.

+-----------------+-------+--------+-------+--------+-------+--------+
| | Sales. | Speculation | Imports includ-|
| | | and Export. | ing Hull, &c. |
| +-------+--------+-------+--------+-------+--------+
| | |Previous| |Previous| | W