eek's |
| |To-day.| this |To-day.| this |To-day.| Total. |
| | | Week. | | Week. | | |
+-----------------+-------+--------+-------+--------+-------+--------+
|American | 6330 | 18,050 | 500 | 1500 |17,665 | 53,684 |
|Pernam, &c. | 150 | 200 | .. | .. | .. | .. |
|Paraiba, &c. | 460 | 130 | .. | .. | .. | 2 |
|Ceara and Arac'ty| .. | 30 | .. | .. | .. | .. |
|Egyptian | 500 | 1200 | .. | .. | 321 | 7,983 |
|Peruvian | 460 | 350 | .. | .. | 32 | 32 |
|W. I. and African| 50 | 20 | .. | .. | .. | .. |
|Surat | .. | .. | .. | .. | 3,664 | 3,829 |
|Madras | 50 | 20 | .. | .. | .. | .. |
|Bengal | .. | .. | .. | .. | 608 | 608 |
|Sundries | .. | .. | .. | .. | .. | .. |
+-----------------+-------+--------+-------+--------+-------+--------+
| Total | 8000 | 20,000 | 500 | 1500 | 2,290 | 66,138 |
| | | 8,000 | | 500 | | |
| | +--------+ +--------+ | |
|Since Wednesday | | 28,000 | | 2000 | | |
+-----------------+-------+--------+-------+--------+-------+--------+

"Points on or off."

Purchases for "speculation" remain in the market and therefore figure
again in the sales. These official prices are sometimes prices actually
paid, and sometimes prices settled by a committee according to their
notions of the prices that would have been realized at the close of the
market had business been done. The work of the committee is by no means
simple, as frequently very few transactions take place in the kinds of
cotton of which quotations are given. As regards "middling" American,
the committee fixes "spot" by allowing so many "points on or off"
present month futures. The variations of the gaps between "spot" and
"present month futures" are somewhat mysterious, a matter to which we
shall recur. "Spot" quotations, the reader will now understand, are
partly nominal, and must therefore be taken as affording a general idea
only of movements in the prices of cotton. While quoted "spot" remained
low, the prices paid by most spinners for the special ki