New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-01
financial.
AMERICAN COTTON.
NEw-foRK. NEw-oRLEANs.
SUPPLY AND DEMAND.
NEW-YORI<.

On Finenoia, Chronicle Of i7th inr.an,
tho last monthly repor, OF the statistical
t'oT'ty Cotton Consumption and AT! Stocks Nir.
Thomas Ellison. LlvorpsoD Will be found. He states
therein thrt Europe has consumed weekly. since oco
be. Is 1884 isooC0 bales OF nil kinds Of 400 pounds
each We have reduced weights represent Aneri
bales. and find 10000 In lnrt. in these
columns. 10 estimating consumption In the Northern
States omitted the visible supply this country.
We revise figures. IN order that may be
how we arrive AZ American consumption. inasr.uch
conclusions have drawn forth difference OF opinion
from others who Investigate closely Cotton Statistics
There has been brought into eight Of this crop from
September is 1894 to date. o725ooo bales. while
ports during the time were 67l6.3i3 bales This
difference Of 3.oosooo be accounted for. We find
! $4,000 at visible points in the United States and.
with 10000 bales in Northern Spinners hands. OF In
visible stock. remaining from what they have taken
from this last CROP would 2375o0o Consequently.
have assumed this American consumption. II
Northern splnners hand less than one
quarter million bales then their consumption has been
correpcndnsy smaller. bu, as European Spin
according Ellison. only held 1900 ba.es. OF all
kinds LIST ultino than same date las; year l.
seems reasonable suppose New-England spinners do
not hold exceeding estimate which by the way Is
the only have made. AL figures herein produced
being taken the Chronicle. These European spin
ners stocks in Of last represented Just II
days consumption. Ellison they consume 10000
bales weekly. all kinds. As exports have been
l4sCO greater than last year. and European visible
stocks only 426 900 greater means that European
spinners have taken the difference Of 1859 600 bales
Z would
confirm Ellsons estimates OF consumption abroad.
Should American spInners bales this
more than the last which seems probable considering
mills better trade, more buying power. &C., in
this country would indicate requirements Of about
Soc 900 the (Which promises 1850
ooo in our opnion). There would then be left for Ex-
port 100000 bales against 6700.O0O this season.
deficit in European ,aklnss If they required
more) that would be taken out OF the visible
supply of American in Europe. In other words. II
estimate consumption Of 23I50O0 is correct.
and EllIson's 10000 bales weekly consumption like
wise 4, means that the Worlds spinning needs OF
American must find its supply OF the crop and
Worlds visible supply OF American to-day Of 100000.
or os5oooO bales while the Worlds spinning akngs
point 10000 bales; trenchlng these Wis
ible stocks brough, this what is TO
become or the TWO contract markets on tHis
Europe which require at all times at least 1850
protection OF their respective short interests
There Is apparently. active competition ahead for
Cotton crop by domestic and foreign buyers.
The World buy Wheat anywhere. but ten Southern
States in this country are. alone being relied to
produce World requires to the extent Of 0os
OF It's needs OF Cotton OF all kinds and six Of these
States where crop about the most unfavor
able produces bulk Of IT, The Cotton is in the
worst condition any 2s years this season. and
cordng to reports received here during the few days
plant the of devastation in the entire Msss
sippi Valley where the yield always the great
est Bradstreet this morning has telegram from Galveston
saying crop reports from all OF Texas
gloomy During the past weeks greater damage
has been done than during the past two months Con-
servave estimates as Texas crop rs to 400 below
last year Cotton u.s. appears an investment well
as n speculative basis.