The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-02-23

OF this month"; against 1874 900 bales for the
same period In 1s77-7S, showing gain Of
| 217, 900 bales.
One notable and most interesting feature
Of the cotton market during last year was
the great Increase In the deliveries OF United
States cotton at European ports. The total
import into Great Britain amounted to
9,O15.s4O bales and though the net decrease
from the previous year was 1s2,250 bales,
taking the imports from all the sources OF
supply together, there was an increase OF
225,920 bales from this country. For the
whole Of Europe the importation was, in the
aggregate, 4,016,4 bales, against 4,s69,97O
bales In 1877. While tho supply obtained
from the other chief cotton-growing coun-
tries-Brazll, Egypt, and East India
showed a very heavy decline from 1877, that
drawn from the United States was largely
in excess Al 800 bales, against 1901, 800
bales. II was at one time expected that the
European imports OF East Indian cotton
would show a handsome increase this year,
but the probability now is that they will DO
little in excess OF those OF 1873. 1t is thought
that the Egyptian crop will not exceed half
the average OF the previous two years; that
tho supply obtained from Brazil and Smyrna
will be considerably less, and that from
other countries about the same as usual
Atablo OF the average consumption OF raw
cotton In the different countries OF Europe
per head OF population shows that Russia
takes the least, and Switzerland the most.
large part OF the Swiss production goes to
Turkey and to various continental countries.
Belgium, which Is also heavy consumer OF
cotton, forwards extensively TO the interior
of the continent. Holland supplies Java,
and also sends part OF its production to
Germany and other European countries.
Leaving out Russia, the average consump-
ton Of cotton in Europe Is about 81 pounds
per head. The consumption OF Russia itself
is about 11-16 pounds per head, and 1t inn
ports some OF it's cotton from its Asiatic
possessions. England supplies half OF the
total requirements Of India. but only one-fifth
OF those OF Japan, and one-tenth OF those OF
China, and 1t also sends Africa small pro-
portion OF what 1t uses. The directions
toward which tho English manufacturers
must now look for any marked expansion in
the demand for their cotton fabrics are,
therefore, China and Africa.
The entire production OF cotton in the
world is estimated at 4, 4s0, 000, 900 pounds, OF
which about one-half is grown in the United
States. The following table gives the figures
OF the production In the different countries:
Pound.
Imported into and consumed in Europe ...22l70nooo
Consumed In the United states ....,...... CPS UoOOo
Native consumption In India, China. &e....i s0oooooco
Total a. above 900 oo1oo
Native consump ton in Turkey ............ 100000
hsuve consumption In Africa. pound per -
.'''
Received BY Russia from Bokhara Ac....... lSUoouO
Total crop Of the world 44s0GOOOO
Equal to bales Of go pounds. ll.2ooOco
The stock OF cotton on hand, estimating
our crop at 100000 bales, is sufficient TO
maintain n rate OF consumption during the
first three quarters OF 1879 equal to the
weekly average Of last year. and to leave in
the ports more liberal residue than we had
last September. II the demand for cotton
manufactures shall increase, however, the
stock will DO pretty well exhausted. The
cotton splnners, therefore, do not anticipate
any important and long-continued down.
ward movement in prices, though they are
not at all sanguine about any advance tax
ing place.
The prices OF raw cotton are now quite
steady, and the demand is firm. The Eng
lish manufacturers complain that, while all
branches Of business have suffered OF late
years, they have lad TO contend against an
adversely peculiar TO their industry, mas
much as. owing to the shor. supply up TO the
incoming OF the new crop, the prices OF tho
raw material were high, while the fabrics
declined in value. Thus, while cotton fell
of only about cent pound during 1878,
yarns dropped more than cents, and goods
about tho same. Hence the average mar
gin between cotton and yarns and cloths
diminished nearly two cents pound. But
the last great crop gives them better hopes
for the future, so far as prices go, though
they mourn permanently decreased de-
mand from countries which once kept their
mills running at full speed. 1t is this loss
which stimulates them to efforts 10 develop
the African and Chinese markets for the
products OF the spinners OF Lancashire.