New-York tribune., 1896-05-10

that despite assertions to the contrary the stocks
OF these mills have been reduced TO lower eoo
than has been touched In dozen years
Southern mills bought their full requirements lot
the week. 900 bales. or 5000 bales more than TOT
the corresponding week last year There Is no con-
cealment Of the fact that Southern mill stocks are
as usual down 10 the minimum. The weekly con-
sumption of American mills is estimated at 0""
bales H. as seems 10 be the case. STOCKS al the
mills OF this country have been allowed to touch
bedrock in order TO keep the spinners OF America
going from now TO September 1t will be necessary TO
make steady purchases in the spot markets on
larger scale than for many years, until new cotton
comes again. which is sixteen weeks
Meantime the scanty stocks in America are
shrinking continuously under this demand from the
home mills supplemented by the steady drain TO
foreign countries the exports for the week just
closed having been 5000 bales or 1000 more than
the amount of cotton that came into sight from
plantations and small interior towns. The entire
counted available supply Of cotton In this country
on Friday night had fallen to 623,0O bales or
which 5000 bales on shipboard. not yet
cleared but ready for shipment abroad This
available supply Is 10000 bales less than was on
hand in this country at this time last year. yet tho
condition last year was frequently pointed TO as
being swept clean OF cotton. The decrease In the
available supply in this country during the last
week was $1,000 bales. II the crop turns out 7o"-
900 bales and the Southern mills consume the MbOO
bales still needed bring their seasons consump-
ton I'D 10 the 1000. .0OO-bae mark. which all au-
thorites say they will need. the amount OF cotton
left In America for Northern spnners and export
ers 10 draw on from now to next September VIII
be 6 900 bales After this time last exporters
shipped out l75,JOo bales. Northern spinners are
sti about 100 600 bales behind last years takings
Northern and Southern spinners and exporters TOOK
all told IS 900 bales in the week Just ended 1t Is
obvious that there must come pretty soon crop
in the demand for cotton. unless that total ex-
hauston OF stocks of cotton In America. which has
been so often predicted. gets perilously near
Stocks in Europe are still million or more bales
less than last year. with no hope OF being replen-
ished with new cotton until October or twenty
weeks from now The European rate OF consump-
ton Is 10000 bales CT American cotton week
Supplies from Bombay falling off sharply nov"
II does not look II Europe can get much more
from that quarter. yet. unless they stop their s'
European splnners will need 100000 bales before
October or more than the entire visible amount Of
cotton in the world outside OF this country at the
present time.
So close a shave between crops is unprecedented
In the cotton world The effect OF It has been feit
in the resent sharp of 10 points in the markets
| That thc is room for short selling on such con-
| diton seems incredible but every day many thou
sands of bales of the summer months are SOFA 10y Dy
specuators who could no more inpmsh m ane s1 nd
| the cotton demanded. -. ou,,
The s suPy %es Of aS sG'e" IS now es down
1000 bales The supply Of American cotton Is
d@Tn he so epecuiatSe markets drifted to lower level
yesterday, owing to the indifference Of the big bull bull
Who would doubtless like TO see the market sag off
considerably further before attemptng to m renew t
New New Cotton Exchange at SIS, points of
Sa the h Tay isU is
day and there is disposition TO await lts announce
site tsiRedo a " incpesse Of acreage this year The
Bureau estimated last years acreage az UI~;o., .s
'r fhe Chronicle says its cotton crop advices "are
| In the main of a favorable character Rain has
| fallen in many localities where needed and has been
Of much benefit. In Texas however there has e beer
| in the northwestern portion Of the State The tenn
Completed in in most sections and cotton is coming W
| we'll rule. Som damage py Tsects Is reported
| from southwest Texas
| Fall River May (SpeciaD.-The statement OF tho
| business in the cloth market during the last week
will be cheerful news TO operatives and also to sev
| erai manufacturers. Sales approaching double th'
| production were made at prices for which few mil
| men looked two three weeks ago What might b
| termed drive in odd goods began early In th'
| week and prices went up three-eghths Of a cent
| ward on some OF the better known grades. Regular
| goods were not in great demand. but some few o.
them were disposed Of at very fair prices To ;hos
mills which have some cheap cotton left 1916 cen
| is not a quotation 10 be despfsed. 1t Is known tina
one and possibly two. concerns have contracted
| ahead into the last week Of August. and they vii
| not shut down under any consideration until Sep
temter at least 1t is thought that Of the Fal
| River mills will curtail production this summer
There was an accumulation OF stock during tn
week Of only 1900 pieces. The sales OF goods 70
future delivery amounted to 10000 pieces or nearly
100 900 pieces than the production For the re
mainder OF MAY 10000 sold for weekly deliver!
and FOR June 10000 Thus 1t will be seen that tn
mills are fairly well engaged when the low price o
goods is considered II Is limited In the market tina
when operations are fully resumed the America
| Printing Company will greatly improve the quat
| Of It's product even above the high standard unde
| which its reputation made, and that when IN
! fall and winter trade opens II VIII make pi
drive in certain lines Of indigoes. ~
The weekly cloth sta ;emen Is as s follows @ t FrC q
hand $4,000; odds 52s o0O 64xs4 s63 coo; last week
stock 10000 sales 1900; odds. 36 ooO eixs4 O. M
ePy In May. $4,000 pieces; June, 10000 pieces; Jul,
200 pieces August, 1000: september oooo piece,