Savannah morning news. [volume] (Savannah) 1868-1887, 1882-10-07
THE COTTON SITUATION.
of American supply and
Foreign Consumption.

In consequence of most favorable weather
in the cotton region high estimates of the
crop prevail. Receipts in September are
about 100, 900 bales less than last year
namely, 800 ,543 bales, against 400, 7l6 bales.
In the last week of September they slightly
exceeded those in the corresponding week Of
1881, and thus far they are also larger IN the
present week-nsmelv, about 5000 bales
against 81, 765 bales. Stocks present very
different aspect. On September 30, 1881,
there were-according to the Chronicle
338, 900 bales more American cotton In sight
than IN 1880. This year, COMPARED with
1880, there is a deficiency OF 313,UOO oales'
but compared with last year there appears
the remarkable deficit of III 900 bales. "
al! descriptions, the quantity IN slght Is
459 900 bales less than in 1881. Inc STOCK
at our ports is reduced to 237, 47O bales,
against 400. 437 bales last year. and at twenty
four interior towns to 80 sos bales, against
los S34 bales. Liverpool holds 1874, 600 bales
American. against $4,000 bales, and the
Continent $1,000 bales American, against
15S 600 bales.
At New Orleans, with a stock OF 40,725
bales, September deliveries, IN consequence
0t a short interest in that market, closed at
lie bid, while the month closed at New
York. with a stock OF 1900 bales, at II oOc.
Prices have fallen considerably. and are
but little above the range OF the frat week
OF October, 1880. In November. 1880, mid
ding uplands declined to 10 Is 16c., but sd
vaneed again at the end of November to l2c.,
and December fucfuated from II 15-l6c. to
12c List year the lowest price in October
was Ike; in November it remained for
three weeks at 11Hc. advanced the last
weak OF November 70 12c.. and remained In
Il 1 - % fha TtTTar
pool price Of miadling upland in October,
1880, was 11-16d. to 6&d., in November It
fell to 6s6d., but advanced TO 8 11-16i., and
| huctusted in December between 65S 1. and
| 63<d., closing at 65<i Last year the lowest
price In Octnhe- was 6sSd in November 1t
varied from 6SSd. TO 656d., and in December
from 9-16d. to 9 11-l6d
Il will be noticed that the present New
York price OF middling upland on the spot
IS skc above the lowest price in November.
1880, (In May, 1881, # declined to lO75c)
and 16e below that in October, 1881, when
| e ruled at 11Sc and remained the lowest
Of the season lS8l-1SS2 But stocks, espe-
| cisl'y OF Americ an cotton, are now consid-
erablY smaller, consumption is larger, and
/ the supply from other countries viii be less.
| Spinners in Great Britain have bought so
| spaTiDRly for the last eight weeks that their
| stocks must be very low indeed. 1t follows
/ that they may be expected henceforth to
take at least their full consumption. Last
year, after having reduced their stocks at
the mills at the end of September, accord
ing to Ellison, to Is 600 bales, they took to
the end Of the year 20, 800 actual bales per
week, including the very large amount of
$4,000 bales American. During the last
eight weeks their takings average only
80 900 bales American cotton per week, and
AZ 600 bales of all descriptions, including
American. At present it seems to be the
general desire to press prices down to the
lowest possible ebb. The general talk IS of
| 1O1Sc., and some even lower.-NeaO York
Eve1lirle Post.