Savannah morning news. [volume] (Savannah) 1868-1887, 1882-09-21
COtton-The Position and Prospect

TrGbue, DIUiS t Co.'S (LouisviHe) annual
ReUiet0, Sept. Is.
The cotton spindles of the United States
consumed during the year 1881 50 1856 900
bales. 1t is estimated 10000 bales will
fully meet their increased wants during the
year 1S82-S3; but, to be conservative, we re-
duce this estimate to 114,000 bales, making
the actual wants of American spInners
2, 100, 900 bales during this season, and leev-
ing their stocks 31st August, 1888, the same
as 3lst August, 1882-say 10000 bales
sgsinst 127, 900 bales 31st August, 1881, and
81 900 bales 3lst August, 1880.
The spindles of Europe and Canada have
consumed during the past season at least
4,l00, 900 bales OF American cotton I've be-
lieve this is rather under than over the
| actual consumptiOn), and it is estimated
they will consume not less $50, 900 bales of
| 400 pounds each more during the present
than the past season. Assuming that of
| this increase 66 per cent. would be Ameri-
can, will make 200, 900 bales and slightly
more to be added to the consumption OF
last season to give us the pToximate con-
sumption for this season, which will make
It 4 300 600 bales OF American. Now add to
this the estimated wants of American spin
ners, 2, JOG, 900 bales, and we have G, 400, 600
bales as the very probable requirements of
the world for actual consumption during
the present season.
The visible supply OF American cotton
August 81, 1882. was 535, 900 bales, as com
pared with 1,137, ,o00 bales August 81, 1881,
and 738, 900 bales August 81, 1880.
We commenced the season of 1S8l-S2
with 1,137, 900 bales of American cotton,
and the crop of 1S81-S2 was ass, 600 bales
making a total supply of E, ,572, 600 bales.
and We commence the season OF 1882 50
with 545 600 bales OF American cotton, with
very probable increased wants of the world
OF 3l4, ,OO9 bales Of American cotton, and
the consumption of the past season was g.
0S6, 600 bales of American cotton. This
makes q crop wanted for 1928 Of not less
than 6,400 600 bales to leave stocks 3lst of
August, 1888. the same as 31st of August,
1882, say 5A5,00 bales, provided our esti-
mates of increased consumption are not too
small, which may prove to be the case, but
moi out OF the way. we think, more than
so, 600 or rs, 900 bales.
From the foregoing it viii be observed
that crop Of 100000 bales cannot be re-
garded as large crop; that the enormous
rate Of consumption prevailing ard likely
to prevail for some time to come, through
out the world, the reduction OF the su plv
at the end of the season to 545, 900 bales Of
American is too small quantity to provide
against contingencies, and cannot fail to
unsettle values during the summer and
autumn. In this connection It must not be
ignored that the estimated increase in con-
sumption is not fully provided for In crop
OF y, 400, 600 bales, but requires an additional
supply from other sources of $50, 600 tales
OF 400 pounds each to give us the same sup
ply August 81, 1888, of Egyptian, Brszlian,
Indian, ETC., as we had August 81, 1882.
Besides this, 1t Is now regarded as a GER
tainty that the supply this season from
Egypt will be less than the past season, but
how much less 1t is impossible to estimate
with any degree of accuracy.
We are much disposed in favor OF a full
yield aud G full crop, especially so. should
the au umn prove to be favorable for the
saving of the crop; and do not regard 9 5OO,-
600 bales as at Gil improbable, nor ae likely
to bring about prolonged depression Of
values should such a crop, or a larger, be
realized.