Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1894-06-07

DlonlSn UllolT STOCKS, winch are
admittedly much reduced. For
the two days ending last evening,
the purchases of spot cotton in
the Liverpool market has aggre-
gated 33, 600 bales. This in
crease of activity in the spot de-
partment, has, however, been
unaccompanied by any develop
ment of fresh speculative in
terest, and it may be safely said
thst whatever. of the improve
ment in .VaLue mas o,,5n 81, os.s, ..,sls
lished, iasl-E entirely due to a
recognition on the part of bona
fide consumers of the staple of
the strength of the statistical
position, as it is from day to day
becoming apparent.
The figures of the worlds
supply are now well under those
of last season. 'F7lhe amount of
cotton coming forward from India
is much less than last year, and
the quantity Of cotton weekly
brought into sight from the
slender reserves upon the Amer
lean plantations, is also below
the movement for last year. If
spinners should continue to buy
freely, it is evident that Mr..
Neills estimate Of the worlds
visible supply on the 1st of Oc-
tober, will be as badly out of the
way as was the case last year.
| dor n1Ii,o
there is little doubt but cotton
would be selling at prices far
above those now ruling, as spec
ulatOrs would no doubt attempt
to discount the probable situation
towards the end of the season by
purchases of futures on the pres
ent basis Of prices. Speculation
is of necessity almost invariably
incidental to all business opera
tionS, no matter how conservative
their character, but at present it's
potentiality as a factor is re-
duced within the narrowest pos
sible limitations, and the feeling
of depression and the prostratiOn
of business throughout the coun-
try make every one slow to as
sumo new risks, however GER
tainly they may promise a profit
able issue. For this reason the
l cotton market remains, and seems
! likely to continue to rest, upon
the solid basis of the demand
from actual consumers.
In England and on the Con
tinent in manufactured goods is
undoubtedly sound and active;
in America the extreme depths
of depression seems to have been
fathomed, and while an appreca-
ton Of this fact is not as yet gen
eral, careful observers cannot re
SiSt the conclusion that existing
!, conditions are enforcing sound
economies, wedding out unSound
, business methods, reducing stock
and production and leaving g
vacuum which must sooner OF
later be filled in order that the
necessities of even q normal dc
mand may be met. The croT
question is. of course, a pertinent
, one in it's bearing upon the posi-
, bilites of the future. It is almost
, too early to affirm anything of il
certainly. Reports with regard tc
, the outlook are conflicting. There
seems to be but little doubt thai
the cold and stormy weather o-
f the past fortnight has in some
f cases checked the development
of the plant, if it has not injured
it.
+ The Government report to bc
;. issued on the 10th of June i:
awaited with interest, and i
it does not confirm the genera
! expectations of an increased acre
O age, and should take a gloom,
s view of the crop outlook, it will
! doubtless accentuate the diSpoSi
. ton of spinners to freely avail
y themselves Of present prices TO
, the replenishment of their stock