Savannah morning news. [volume] (Savannah) 1868-1887, 1881-03-31
THE SUPPLY OF rms STAPLE.
Will the Cotton Crop OF 1880 be Too
Much for she MlIls7

The last number OF Bradstreet's Circular,
dated March 90, 1881, has well considered
article on 'Cotton Supply and Prices"
which was prepared by one of the best
informed writers on the cotton trade in New
York.
The author says that the receipts at the
United States ports from March / to % in
elusive have been ia, 900 bales more than
for the corresponding twenty three days Of
last year, which added to the excess at the
close Of February of $50, S72 bales, as re-
ported by the National Cotton Exchange,
makes the increase 10 port receipts, up to
March % inclusive, 555, 900 bales over the
same time last year. The movement OF cot
ton overland direct to the mills for the
six months to February 2S, was $500
bales less than for the same time last
reason; and it is fair to assume that the en-
tire movement will be less than last year
Assuming that the consumption of the
Southern mills will be the same as last year,
and that the port receipts for the remainder
OF the season will be the same as last year,
the crop is estimated by some in this wsy:
Increase In port receipts September
to March q over corresponding time
last year ACKNOWLEDGEMENTS. o5o,OOO
t,8l6,0O
Less probable decrease in overland
movement to Northern mills COM
IL.
Making a total crop of. ............. 6,28l, 900
There are vet no signs of exhaustion of
the crop, and as ia, 900 bales have been
gained over last season during the twenty
three DAYS of March, some think it likely
that fully as much more will be gained
during the remainder of the season, nearly
five and half mouths. That additional in
crease would bring the crop uD to ABS, 900
hall fn fE,o
mills of Great Britain and the Continent had
consumed In twentY-one weeks of the
season to the end of February 1885,, 900
bales of 400 pounds. The weekly con-
sumption during February had reached 6S,-
600 bales for Great Britain, and ID, 900 bales
for the Continent, making a weekly total OF
122, 900 bales for all Europe. At this rate
the season would require 3,7S2,000
bales, making the total Euro
pean consumption of the year
6,314, 900 (of 400 pounds), against CO.'S, 900
bales last season. Europe will, therefore,
probably require this season 239, 900 bales
more than last The supply from Egypt, It
is thought, will be about $4,000 bales (of $50
pounds), equal to 14l,7 $50 bales (of
400 pOundsl less than last year,
while Brazil will probably furnish
$4,000 bales (of $50 pounds), equal
to 1850 bales (of 400 pounds) more.
The supply available from India aud other
countries, with the exception of Egypt,
Brazil and the United States, is expected
to be about the same as last year. Taking
the very liberal estimate of those who be-
lieve In very large crop, and assuming
that 1t may reach 6, 400, 900 bales, will such
crop be too great for the requirements of
Of the world?
1t will be generally conceded that, in
view Of the inferior quality of the crop,
there will be an increased waste in spinning
as. compared with the crop of last season,
which was of excellent quality. The larger
the crop the greater will be the proportion
of low grade and storm damaged cotton and
the greater the percentage Of waste. Call
the increased waste two and half per cent.
and the loss from this cause will be 100000
bales, thus reducing the spinning capacity
OF the crop, compared with the last crop,
from 6, 100000 to 8 $50 900 bales. The crop
of 1S79-S0 was 5,76l 600 bales, so the above
estimate would show an excess available to
spinners, this year, equivalent to 47S,000
bales. Some good authorities think the mills
of this country will take from the crop 100,-
600 bales more than last season. They have
already taken 5000 to 1000 more. Should
they increase their takings TO 100000 bales
more than last season this excess of the crop
available for European spinuers would be
reduced to the equivalent of 379, 900 running
bales, equal to 436, 900 bales of 400 pounds.
The following is about the way supply and
demand would stand, assuming the previous
positions to be correct:
Excess of spinning cotton over crop
l61S-oO available for export. bales of
Excess of supply from Brazil .,.',....... 22'500