The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1888-10-17
The Cotton Movement.

| The handsome cotton annual Of La
than, Alexander & Co., New York
has made its appearance.
! The tables of receipts and fuctua
tions extend back q number of years
they show the daily and weekly re-
ceipts of cotton at the ports, the re-
ceipts at United States interior towns
the exports and stocks, and the fluctu
ations of imiddling and cotton for fu'
ture delivery in New York. The tables
devoted to statistics of cotton in Eu
rope show prices, receipts and stocks
of cotton in Great Britain and on the
continent; also shipments from every
cotton-producing country, the. fuctua
tons of deliveries in Liverpool, and, in
fact, everything appertaining to the
cotton trade.
"The last crop Of 7,046,S3 bales
shows, in the language of this annual
the productive power of the South
and makes clear the fact that crop Of
seven millions is now absolutely nee.
essary to the needs Of the world. The
supply on hand at the end of the sea-
son is the smallest for several years
Last season opened with middling cot.
ton ut ten cents.n
1.-THE sales for future delivery in
New York last year were 25, 1853, 800
bales. Messrs. Latham, Alexander
& Co., think the South has every rea.
son to be satisfied with the result OF
the cotton year just ended. The crop
was made at less cost than usual and
sold generally for good prices, which
were set early in the season. Amer
ican spinners took 2,315,0 ,099 bales, OF
which Southern mills consumed 1885,
| 099 bales. Manufacturers were in pros
porous state last year. The new crop
was planted in good season and with
| increased acreage, but ut no time have
the prospects been favorable for q
large yield. 1t is notlikely then, there
will he any excessive supply of cotton
this year."
"On the contrary, it seems probable
that the supply will be scant. There is
q deficit of 334, 900 bales in the visible
supply Shipments of cotton from In.
dia to Europe are lighter than last
year, and the India acreage is less than
before. The stock Of foreign spinners
is light; home mills hold very little
cotton; European politics are settled,
factories are doing a profitable busi-
ness, and the use of cotton is increas'
ing faster than any other textile. 1t
is likely, therefore, that the demand
for our cotton will be very great this
year, and that prices will be higher
than last year."
Besides the letter in which a review
of the cotton business for the past year
is given and the prospects of the COM
ing season are discussed, there is an
article on cotton from Mr.. Thomas FL
lison, of Liverpool. 4 very elaborate
report on the cotton crop ot l5o|-oo
has been printed in full there is also
much other information! thai VIII inter-
est the general public as well rs those
engaged directly in the cotton business.
The book is printed on line paper in
the highest style of the printers art,
and is beautifully hounI.'
"In his letter Mr.. Ellison tells us that
England will require 100000 bales of
American, 1,50o,000 of East Indian
and 9OO, 900 sundries, or total of g.
4OO, GOO, against about 9,115,000 last
year. AS to prices, he does not look
for much change from the average of
the season just closed, but thinks that