New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-28
THE COTTON MARKET STRONG.
STORMS ~ THE LOWER MISSISSIPPI REGION In
TERFERE WITH PLANTiNG-THE CROP
MOVEMENT


Tho cotton market continued its advance yester>
dav. and August quotations. after touching $50,
closed firm at 90 bid The entire list closed 10
points over Friday There We're two causes for ths
strength apparent in the days news adVlces. one
was the weather and the other the statstcal posi-
ton OF cotton as seen by The Chronicles weekly
figures OF the movement. The drouth no longer
exists In It's stead violent storms and excessive
rains making necessary much replantinS In the
lower Mississippi River region were reported
Destructive weevils are working in the cotter
fields of Texas.
Manchester spinners continue good buyers. TAX
ing i2to) bales yesterday. which is large amount
for SATURDAY. The worlds visible supply OF cot
ton OF all kinds decreased 800 bales during 1tha
week. and the visible supply Of American decreased
62OO bales With twenty-five weeks yet before
the new crop begins 10 move In any volume, 1t WI!
be seen what inroads can be made on the worlds
visible stock Of cotton, now estimated at 4,l7jie'
bales.
There came into sight week 6is7s bales. maxi
ing this crop 20 date 9376.sS5 bales 1t seems al
most certain that the final figures VIII IAN peiow
Mr. Ne.lrs estimate OF a minimum crop OF lo2Sa-
90 bales by no; .css than 10000 bales.
Analysing the presen, situation in cotton. Atwood
Violet. considered one OF the best-posted men on
cotton. says:
The relation OF the American cotton crop 10 the
needs Of manufacturers the world over has never
h.en brought SO strongly thu attention or tho
cotton world a. to-day. The reliance OF the spin
ners In Europe as well as in America Is as wa
have pointed out repeatedly during the last two
months upon cotton OF American growth. IL Is al
appreclat of the conditions that are likely 70 DC
realized when the new crop begins 10 De mark yea
In any quantity i've months hence that explains
why tn. market is anticipating the results ina
will follow from rapidly diminishing supplies now
a very decided lessening Of acreage, and pros
pects for a crop that to-day again ~ an I'M
favorable character; although rains are again re-
ported In Texas. -,
A. usual. on Saturday We summarize Inc
Financial chronicles" cotton statement A. follo"S;
The amount mat has come into sight OF t'.s crop
since September !. 10 last night was 9Nb9>o.
against 1O7j42 last season but there was IN ware
houses at United States ports last nlsnt only o5"V
excess OF visible supply over last year Inc eN-
ports have been 601 20. against 46S566 last iear
There was on shipboarl last night At United States
ports ~. SIS which. added 10 the exports El'es
total in eight months OF 6sS19s whereas the total
exports in the 9up0t-crop year Tor tMelNe months
were only $4,000 bales.
The amount that has come into sight 20 date II
3l11 $50 more than TWO years ago. wnen the crop
was & 7O10O0 and YET the amount In sight IN the
United States In Warehouses last night was 5IiOl
less than that year These comparisons with tho
last three years confirm the enormous increase IN
consumption of American cotton. To when We nave
Frequently alluded. Then again while We have ex-
ported 1882 Nj thar last year, the Liver
with American ahoat FOR Europe. aggregate
only Dos Ol3 more than last year. another con-
hrmation TO the extent the European spinnerS
have taken cotton in excess OF last season and
further indorSing the estimates of Mr. Ellison, tne
English authority. to the consumption OF Europe
being 10000 bales week OF all kinds. OF which
about 5000 is American.