Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1875-05-06
THE COTTON SUPPLY.

The total receipts of cotton at the ports
from the 1st of September, 1874, to the 24th
of April, 1875, were 3,2S4, ,706 bales, and for
the corresponding period of last year, 3,545,
615 bales. This shows decrease in receipts
thus far in 1875 of 26O,9O9 bales The total
shipments to forei ign ports from the lst OF Sep
tember, 1874, to the present date, amount to
but 2225, ,239 bales, against 2,424, PIG bales
for the same period last year, showing de-.
crease in exports of l9S,977 bales. At first
sight it seems surprising that shipment of
cotton short by nearly 100000 bales, together
with the prospect of short receipts from this
date until the new cotton year in September,
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 pound cheaper in Liver:
pool than last year, and % cents pound
cheaper than in 1873 The explanation, how
ever, is readily found in the dullness of the
market for cotton goods and in the diminished
consumption of cotton by foreign as we'll as
domestic mills. The shipments from the Uni
ted States to Europe from the 1st of Septem-
Der, 1873, to the 26th of April, 1874, amount
ed to 2,424,2l6 bales. The stock Of Ameri-
can cotton in Europe and ahoat was at that
time 1,247,0O0 bales, showing that Europe
used from the 1st of September to the 26th of
April 1,177,2l6 bales of American cotton.
Now let us turn to the present cotton year.
We sent to Europe from the 1st of September,
1874, to the 26:h Of April, 1875, 2,225 ,239
bales of cotton. On the 26th Of April the
stock of American cotton in Europe and aaoat
was 1,142,O0O bales, showing that Europe
consumed 93,977 bales less of American cot
ton during this period of nearly eight months
than during the same period of the previous
year. In other words the unusual stagnation
of trade in cotton fabrics made our short ship
ment-short by nearly 100000 bales-less
felt than it would have been if the ordinary
amount of business had been done. But dull
as the cotton trade of Europe has been, with
consumption short by nearly 100000 bales IN
eight months, it is nevertheless true that the
visible supply of American cotton in stock in
Europe and afoat is diminished by some 49,.
900 bales, as compared with the same period
of last wear. And it is but reasonable to as
sumo that should there be merely an indlca-
ton of revival of trade in cotton fabrics IN
Europe, which will naturally run chiefly on
the American staple, the short supply from
here would at once be felt. The present cot
ton crop was over estimated by 100000 bales
or more, for it was at one time supposed that
the supply would reach 4,3ss, 900 bales, where
as the most sanguine now reduce those figures
to 3,75O,OOO or 100000 bales. 1t follows,
therefore, that the hopes for q plentiful sup
ply of cotton during the months of the pres
ent calendar year depend entirely on the new
crop, half of which is not yet in the ground.
The vicissitudes of the new crop will, there
fore, be watched with great interest. If re-
vival of trade should ret in here and in Eu-
rope, not only an average but a plentiful crop
for the year 1855 would be required to make
good the comparatively moderate supply now
on hand.-Ne,u York World. \