The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1875-05-30
COTTON,

An article in recent number of the
New York World gives great deal OF
statistical information In regard to the
cotton supply, from which we make
the following extracts
"rhe total receipts Of cotton ut the
ports from the LIST of September 1874,
to the 9th of April 1878, were 3,2si,
70O bales, and for the corresponding
period of last year, 3,5l5,Gl5 bales,
This shows decrease in receipts thus
far in 1875 of 2O0, 300 bales. The total
shipments of foreign ports from the list
of September, 1874, to the present date,
amount to but 2,225, 23O bales, against
2,424, 2lB bales for the same period OF
last year showing decrease in eX-
ports of l9S, or bales.
AT first sight 1t seems surprising that
n shipment of cotton, short by nearly
200, 900 bales, together with the pros
pect of short receipts, from this date
until the new cotton year in Scptem-
Der, as compared with the same period
of last year, should exercise SO little
influence on the price of cotton at
home and abroad, for cotton is to-day
fully ! cent II pound cheaper in Liver
pool than last year. and y cents
II pound cheaper than in 1873. The
explanation, however, is readily found
in the dullness Of the market for cot
ton goods, and in the diminished con-
sumption of cotton by foreign rs well
as by domestic mills. The shipments
from the United States to Europe from
the lst of September, 1873, to the Goth
of April, 1874, amounted to 2,42b2lG
bales. The stock of American cotton
in Europe and aloat was at that time
l,2i7, 900 bales, showing that Europe
used from the first of September to the
Goth of April l,l772l6 bales of Ameri-
can cotton.
Now let us return to the present
cotton year. We sent to Europe from
the lst of September, 1874, to the Goth
of April 1875, 2,225, 230 bales of cotton.
On the Goth of April the stock of
American cotton in Europe and alloat
was | l42,O0 bales, showing that Eu-
rope consumed 93,077 bales less of
American cotton during this period of
nearly eight months than during the
same period of the previous year. In
other words the unusual stagnation of
trade i'm cotton fabrics made our short
shipment-short by nearly 100000
Dales-less felt than it would have been
If the ordinary amount of business had
been done. But dull rs the cotton
trade of Europe has been, with con-
sumption short by nearly 100000 bales
in eight months, it is nevertheless true
that the visible supply of American
cotton in stock in Europe and atloat is
diminished by some 10000 bales, as
compared with the same period of last
year. And it is but reasonable to as
sumo that should there be merely an
indication of a revival of trade in cot
ton fabrics in Europe, which will
naturally run chiefly on the American
staple, the short supply from here
would ut once be felt.
The present cotton crop was over-es-
timated by 400, 900 bales or more, for it
was at one time supposed that the sup
ply would reach 1883, 600 bales, where
as the most sanguine now reduce these
figures to 3, $50, 900 or to 3,S00,000 bales.
1t follows, therefore, that the hopes for
a plentiful supply of cotton during the
last four months of the present calen-
dar year depend entirely on the new
crop, half of which is not yet In the
ground. The vicissitudes of the new
crop will therefore be watched with
great interest. If revival of trade
should set in here and in Europe, not
only an average, but plentiful crop
for the year 1906 would be required to
make good the comparatively moder-
ate supply now on hand"