Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-06-04

ldlrC 1AAI D1lG 10 OoN DDUll6.
which on 5, zoo, 900 bales would be ,205,-
9O0, coo pounds, an increase ia the years
imports 10 Europe of 200, or, 900 pounds,
equal TO 5l7, 900 bales. For the con-
venience of the reader We may state
the supply for the two years as follows
Year ending Supply Of
sept SO-Afnerican. other kinds. Tot bales.
II is75...zsISSSS ...5 SO 5asSSS i, S.GGSS ssSSS
Increase 8lI,eOO In0o 5000
Average weight. Total weight,
sz!.....-............--.-sz lbs. 2,soi's99 40 go
is7S..................-.. sssl1 los. 20,5.sb.uO0
Increase. -.... AZ lbs. 9O,F3yOOO
The American portion OF the imports
in 1872 proved the poorest, dirtiest and
most trdSty crop ever produced in this
country. Its waste in use was claimed
TO be i've per cent more than the usual
average. The crop now going forward
is, in respect of eXpending value, better
than in the average Of recent years. The
difference Is certainly five per cent, and
as American cotton constitutes about
three-fifths of the supply in pounds, that
difference from last years supply is
equal TO three per cent on the whole i'm
portatiOn TO Europe. The value Of that
difference in waste alone amounts TO
66 l77, 600 lbs, or l7l 900 bales, and raises
the eXpending excess in this years inn
portati0n TO 6SS, 900 bales Of the average
weight of 3s7 lbs.-assuming that s.
7O0, 900 bales shall be imported.
According TO M. Ott-Trumpler's an
nual letter, the stock of cotton visible
(in poTts) in Europe, October ], 1873, was
$4,000 bales. Adding for Spain,
70 Nn1 In Ia
tabies) 5000 bales, the total visible
stock was / ,275, ,0O0 bales-4S7 ,050, 600
pounds. The assumed import, $780,
900 bales, ,205, 500. 600 pounds would
make the whole visible supply
for The current year 6,975, 600 bales
., COZ, $50, 900 pounds, in addition to the
stocks held by spinners in England and
on the continent, October ! 1873.
The consumption of cotton in all Eu-
rope, except Spain, Russia, etc, for
1872 } (the year ending September 30th)
was stated by NJ. Ott-Trumpler to be
5 2l9, ,0O0-1O0 $40 bsles per week. Add
ing for the countries not comprised in
his tables $3.50 bales per week, we have
the weekly average entire lO4 900 bales
SO, $50 600 pounds. According to the
leading statistical authorities in Liver
pool, the weekly average Of actual con-
sumption for the calendar gear was, in
England, 81 SO bales Of 3SS9-I0 pounds,
and on the continent Al 200 bales Of 372 !
pounds aversge-total, 103, $40 bales
80, SIC, 900 pounds per week. The C7ironf-
etc in an article OF February q, |
1874 from all the authorities and the |
working of the spindles, computed the |
consum ption in all Europe (also for the |
calendar year. to be 5,3S4,7l0 bales
l03, $50 bales per week. All the figures |
approximate closely. Taking the largest, |
say l04, 600 bales per week, and the |
average weights (including extra waste), |
1924 pounds per bale, the aggregate con- |
sumption for the yeaT ending Septem- |
Der 80, 1873, is found TO be 2,068, $50, 900 |
pounds.
Some of the best cotton stRtisticians 4
in Europe have recently expressed the |
opinion that the consumption during |
the current year will not ex-
cted that of last year, and that
the increase in the deliveries this year
has gone TO augment the stocks held by 1
spinners. The general decline in busi-
ness activity all over Europe serves TO
confirm this opinion. If such shall prove
10 be the fact-and il certainly may well
be 50 as to number of bates weekly, see
ing that the saving in waste and the in-
creased weight of bales this year are
equal TO 4 per cent. or mort follows
that there will be very considerable in
crease of the stock on hand September
Both. That is, the supply, as above
given, for the year, being 6 975, 600 bales
., 692, $50. 900 pounds, and the cOnsump-
tion l04 600 bales of 1851 pounds, and
better quality, per week, or 5, ,406, 600 |
,092, S95 900 pounds. Stock on |
hand October lst, 1874, will be /, So, 900 |
b bales-600, ,O54 600 pounds, in addition to |
such stocks as spinners may have held
October Ist, 1873.
The deliveries TO spinners during 1
1925, corresponded more nearly with /
the consumption than for several years |
before. Those deliveries averaged week /
ly for the yeas In England, 81 ,250; and /
on the Continent, 40, $50; together, 102,- /
900, or 1000 bales less than the Oonsump- /
ton, the deficiency being made good 4
from the stocks held by splnners October /
lst, 1872.
One of the best Liverpool authorities,
In a circular dated May 9TH, states the
movement OF cotton since
January /, 1874, as follows: In Eng
land "the deliveries to home consumers
have reached 1,123, ,575 bales (66 .092 per
week J, against ,059 ,654 bales tG2, 1872 per
week. last year, weighing 45l 707, 600
pounds, against AIS, SIS, 600 pounds; the
average weight being 400 pounds and
395 pounds respectively. The total inn
port into the continent during the first
seventeen weeks of the year, amounts
to ], ,OO9, 9O7 bales. The stock
At the commencement of the year was
"a, 969 bales, and week ago, 442, ,647
\ IL
bales, or A., ,425 bales per week. Last
year the deliveries were 728, ,989 bales
Dr. 40, 1876 bales per week. From this il
appears that during the first four months
II 1874, the weekly deliveries of cotton
m all Europe have averaged Il5, ,517 bales
per week; that being OF the better quality
and heavier bales this year, II, ,6S9 bales
per week more than during the same
our months last year, and IL ,5l7 bales
,er week more than the average num-
Jer in the weekly consumption Of light
II and more wasting bales in all OF last
7esr. II the opinion before quoted, that
he weekly mum ber OF bales actual
" consumed this year Is not
arger in average than last year, Is cor
rect, then during the last four months
European spinDers have added to their
OWN stocks Tor invisible cotton on hand),
1875, 7S9 bales, and since October probably
3O0, 900 bales or more, Does not this ex-
plain what has become Of the increase
In this years cotton supply?
When in lS70-7l the low price Of cot
ton induced spinners in England to buv
250, 600 hales or more in excess Of their
and those on the conti-
nent 10 take quite as much more, the
fact that spinners' stocks had been in
creased by 1000 or 100000 bales be-
yond the quantity usually carried,
though clearly stated by Olt-Trumpler
and in the Chronicle, was not generally
credited until after midsummer in 1872,
when the presence OF that extra stock 4
was made manifest in ''the abstentiOn Of
spinners from market for many weeks"