San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1888-02-16
Cotton Review for 1875.

The subjoined cotton report from the
banking house Of Latham Alexander &
| Co., the well known cotton commission
| merchants of New York, reached this
| office yesterday too late for insertion.
New YORK, Feb. IL, 1883.
| Daily LIGHT.
The present cotton year has so far
been one OF the most satisfactory ever
known.
A rise in price took place early in the
| season before much cotton had passed
out Of planters hands, and Ii has since
been well maintained.
The rise In cotton has however been
very much exceeded by an advance In
| prices of goods, so that to manufacturers
also the season has been very profit
| able one.
Their takiDgs OF cotton have been and
still are very large, so large thar the
| supply will not be sufficient to admit OF
consumption continuing on its present
extensive scale.
The position Of cotton we lay before
you 10 the following figures, which can
be relied on, as they are taken from au-
thentic sources. Most OF them were OBJ
| tanned direct from our correspondents 10
this country and Europe.
The total visible supply, In the United
| States, Europe, and at sea today Is only
1868, 62S bales, against 3,263, 5S7 last
| year, and 3,0l5, $50 In 1886.
The stock Of cotton held by European
mills, on the first Of this month, was es-
| timated at sos, 900 bales. against 4S1 600
last year, but the surplus is all in Rus
| STA, where 1t is virtually swallowed up,
as none of 1t will ever come upon the
real European markets. either In the
shape OF cotton or &C DDS. On the lst OF
| February, American mills also held come
surplus as compared with their small
| stocks Of last year, but according TO the
| most reliable estimates. would still have
| to buy at least 750, COO bales
Should there be an American crop OF
| 6,SC0,C00 to draw from, II is estimated
that imports into Europe from the Let
OF February to the lst Of October
| 1883, would be: American, 2,019, coo;
East Indian, l,326.Cc0; Sundries, 4l5,C0
| Total, 3.7e0,0G0. Last year-Americsn,
| 2,lC0 900; East Indian, .407 GOO; sundries,
| $4,000. Total, 4,0S9 Geo.
According to the highest European su-
| thority on cotton, Thos. Ellison, Eu.
rope expects to receive OF this American
crop for Great Britain, 2, 200 900; for con.
tinent, l,750,C90. Total, 4,450.UCo, and
then the estimated supply and oonsump.
| ton would about balance each other.
But let us see how much OF this Amer.
lean crop Europe will probably get: Els,
timated U. 5. crop, $780, coo. Add the
stock Of U. s. ports, from LIST Sept. last
| SI.000-6. 6S4,0 C9.
Deduct the extra large amount of cot.
ton burnt and destroyed this year, 90, 000
total, 6,634,0c0. Estimated stock in ali
U. s. ports, lat September. 1888, 1874 coz
-6, 800, 600, estimated consumption In
U. s. and Canada, according TO best au.
thorities, 2350.CG0 Total, ALTO, 600; de.
felt, 300 coo.
Our latest cable dispatches state that
the consumption in Europe is unchanged
1t will have 10 be checked by rise in
| price. Other wlse, as u glance at the
| foregoing figures shows, the supply will
not equal the demand, by 800, 0C1 bales
even should the receipts from India and
| other foreign countries come up to esti.
mates. In our own country, trade is &c
good that the American millswill certain.
| ly not fall TO take their fall allotment Of
2,350,000 bales. Europe must look fol
smaller imports than are generally
| figured In the estimates we receive
The more so, as the production of cot.
ton has not kept pace with the oonsunp
ton, for several years past. Yours
truly. LATHAM, ALEXANDER q Co.