Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1894-02-08
The Cotton Crcn.

dnown cotton merchants, of New
York, take the following view of
cotton in their last circular;
Daring the week receipts have fall
en- below expectations; in fact the
movement at the interior towns
promises to be much, below that of
sast:year, the decrease promising
to reach nearly 25 per cent. Not
withdrawing this, however, the
market has remained almost sta.
tionary. the extreme range of fuc-
tuations during the week being not
over Is points. The hesitancy that
has been shown in responding to
the more favorable facts that have
developed in connection with the
statistical situation may be con-
strued as an expression of doubt on
the part of many as to whether the
present light receipts are due to
the comparative exhaustion of the
supply or to the cold weather that
has prevailed in some of the South.
ern States. AS far as u kilograms
enable US to form an opinion, we
cannot believe that the weather has
had very much to do with the di-
minution in the movement. The
fact that at this time last year
nearly the came weather conditions
prevailed and that they have pre-
vailed nearly every year. at this
season de'racts in our opinion from
the weight that should be accorded
to such a theory. If, therefore, an.
other week shall not show any res
lative increase in the movement, it
seems reasonable to. expect that
prices will promptly reflect the in.
creased confidence which will then
be felt in a moderate PRODUCTION.
Meantime, it is we'll to bear in mind
that even wife a crop Of z 500, 900
oaies, it does not now appear that
there Will be any excessive supply
in this country during the Sums
mer.
Up to last Friday evening, the
excess of cotton exports from Ames
RIGA over last year was $4,000
bales. This xces has been further
increased during the week, so that
while the crop movement is about
500, 00G bales ahead of last year,
this excess has been entirely ex
ported. On the other hand Amer
lean spinners are behind in their
consumption at least 10000 bales
as compared with last year. If the
passage Of the tariff bill should be
followed by a revival of trade, it
seems more than probable that
American sp.nners will be forced
to replenlsh their exhausted supply
IN an exceedingly barrow Summer
market, and Tor this reason there
seems little cause to doubt the
stability of the market in America
for the balance of this year.
The situation abroad viewed in.
dependently hardly seems to JUS.
lily much expectation of lower
prices Trade is good, epinners are
aking their full consumption, and
Mr.. Ellison bias increased his esti-
mate ct continental consumption
1000 bales per week. He figures
that with an American crop of
7.40O,0 900 bales European supplies
on the 1st of October will be 5OO,.
1000 bales less than they we're last
year, and if a revival of trade in
America should put a stop to the
export movement, as it is not uns
likely TO 10, a still further reduc4
zion in stocks would be likely. 1t
the crop, as seems quite possible.
should not reach 100000, and if
it should turn out less than Z zoos
1000, there is no doubt that general
eevival in cotton speculation would
follow. Ga the 1st of February THE
amount of this crop brought into
sight is practically 100 900 bales
less than the AMOUNT in sight of,
The 1st of February, 1890, when
he crop turned out to he Z 300.
1000 bales. Carefully considered
estimates of fhe amount. to come
q sight during February; range
rom 100000 to 400 ,OOO,bales.
Our own investigations lead ma
to favor the smaller figure Ia Febs
cuary. 1890, $4,000 bales came
nto sight, so that on the 1st of
March we would in all probability
De $50 900 behind. the 7,3OO,O 600
crop. The above comparison ia
made because the analogy between
the present season and that TERMS
mating on the LIST of September,
1880, seams to be much closer than
the analogy between this year and
last The came causes haye conspir-
ed to bring about a rapid move
ment of the CROP; i'll England we
had in both years a trade revival
and advancing markets during the
lSummeJ. Last year we entered
the Spring after a period OF, great
speculative activity, aud the moves
men during the Sammer,was alb.
normally large as a result of the
liquidation. the cotton (which
Throughout the South had been
in the hope of extreme prices
based upon Mi. Neill's erroneous
estimate of $500, 900, which he az.
sured the trade they could thor.
oughly" rely upon. 81 .
Our baby was sick and we bought one
bottle of DIR. Bulls cOuph Svrr,, oN05-s--