The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1894-11-07
SUMS COTTON REVIEW.
Tho Amettcsn Staple Oousid cred tn B sst
aud Cheap sst in tbs w o.ld.

aud Cheap sst in tbs W osld.
NEW YORK, Nov. 1.-The Sun's cot
ton report says: Cotton declined to
points, but recovered this and advanced
4 to 5 points, closing steady at rise Of
8 to 4 points. Tue sales were 10000
bales. Cotton goods sold a little more
freely. Manufacturers Of Innings are
working overtime to catch up with or
ders. Russian Mills have begun pay
ing dividends OF 20 per cent. and over,
and making profit In some cases OF
80 per cent. German and French
manufacturer have been carrying very
small stocks of raw cotton. American
cotton, its friends contend, Is the cheap.
est in the world, and not only that, 1t
gives the best results. Some Of the
private cables from Liverpool were
bearish. Fdtman & Schwartz sold,
supposed to be for continental account.
The bears are as rule timid about sell
ling. Most of them are waiting, like
Micawber, for "something to turn up"
The strike at New Orleans is said to be
impeding the movement Of the crop
somewhat. A pound of yarn made
from American cotton is worth 40 per
cent. more than q pound of yarn from
East India. East India supplies are
comparatively small. Egyptian is rel
atiVely higher than American: Exports
from this country continue large. To-
day Lhey were AZ, ,282 to Great Britain,
1880 to France aud 81, 1856 to the con-
tinent, total 75, ,658 bales or $4,000 more
than today's receipts at the ports.
Bombay receipts for the week are 2, 900
against 5000 for the same week last
year; total since January l, 1,578,0O0,
against 1,586O00 for the same time
last year. Bombay shipments since
January l, 47,000 to Great Britain and
44,O00 for the Same time last year while
to the continent they were 75l 600,
against $4,000 for a like period last
year. New York stock In licensed
warehouses Is 68, 800 bales, against 1l6,.
7O9 q year ago and 255, 300 at this time
in 1892. Port receipts are 50,39l,
against GLIB this day last week and
36, AT for the same time last year; total
thus far this wepk have been estimated
as high as 425.O00 Some think these
figures will not be reached. Port Royal
reports a shipment Of 6,505 bales to
Liverpool. Exports from the ports
season to last night are 1,089, ,S22 against
889038 for the same time last year.
The short interest In this country part
ly against sales to Europe and milling
interests of the United States is believ-
ed to be very large. Some expect large
receipts at the ports next week. New
Orleans receipts tomorrow are esti-
mated at 1900 to 1900.
One firm said: "a let up In the
movement is necessary ID sustain
prices, but no material decline Is look.
ed for. A large demand for actual
c3tton will no doubt be felt when the
idea becomes general that prices are at
the bottom. Eastern mills continue to
buy freely and we are advised from
Boston that they have purchased
enough to last till tue 15t Of February.
1t must be remembered that they al
ways carry 3 few months supply"
A telegram from New Orleans this
afternoon from a CORES 2ondent there
says that reports from every where tell
of an enormous movement, and thai
next week promises to bs nearly as
large as this.