The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-05

=
New Orleans, January Al. M. Neil
saws: Now that the political aspect be-
gins TO look more peaceful, COTTON on Hs
merits again attracts attention and 1t may
interest our friends to calculate the PROB
I able quantity required for American CON
sumption and consequently how much can
he spared for Europe out of this years
! crop.
Firmly believing, as do, In crop not
| exceeding 6,5O0,0OO. | shall base my calnu-
lations on that figure. This actual con-
| sumption of the Northern and Southern
mills Canada and Mexico, last year was
| 900. 900 bales or $1,000 bales per Wees.
They began the year with 100000 bales.
They took during the year 100000 and
they consumed 900, 900. 80 that they began
this year with stock of 100000 bales.
| Their trade Is better and consumption
larger than last year by at least 5000 per
week, SO that We may estimate their con
sumption at 81 900 bales Per week. or, say
3, l5G, 900 bales for the year, II no collapse
takes place. But, II they are willing to
go into next year quite bare of stock, they
can not consume 1880 bales and yet
take out of this crop only 100000 bales.
| ana this. II trade in America continues
fairly good and mills continue running, L.
tho very Icuht quantity IHey thIl Ibke
The STOCK left over from the last crop AZ
United States ports ana interior country
towns was 100000 bales, and If the croi
Is 600, 900 there are 6.@0.0oj bales to dis
pose of. II American spinbef5 take 27ED.-
go, and II the United States ports ami IN
terror towns carry over only l5D,VW Dhles
main for Europe out Of this crop 39OO,0Jl
bales, against actual last year G6t3, O0l
bales. AS regards European consumptior
of American, which last year feaehed Ill.
| ltut week H. lJ. UtW for the wear
and as increased supplies from Other
countries may be expected from bcttei
| crops and better prices, II VIII be reason
able TO estimate this years Enropear
consumption OF American at $1,000 halei
per week, or 100000 for the year, or 3,s2l
900 for the thlrty-nine weeks from yaGuary
TO october /. This IL very much below
Mr.. Ellison's cur ent estimate, but | an
ar, ious to adopt the most conservative
tifA, nor do l give this estimate as beini
at all possible to be reached. because m
cotton TO supply II VIII not be available
) as is apparent from the, followins stare
, nycnt thousands omitted: Total suppl!
for Europe out OF this crop, 800 ectua
last year. 66e3 actual Expert to Ja am
: orts hereafter 1876; actual last year
, s6Gi. European port stock and afoat Janu
, airy I, 2Oss: actual last year zesa tota
nine weeks, STA. last year, $3.50. Estisnat
? ing consumption thirty rine weeks at
E per week, ss22; actual last year. 4Is.
Thus assuming American eonsumptio
! to be only $50 900 bales over last year. an
American mills to go into next year Quit
; bare OF stocks. assuming American port
I oniv i50 90 bales against 300. 600 last ycai
: and assuming European consumption Q
5 American cotton to be less than last yea
Y nv n 200 bales per week, II will still reac
~ Condition OF absolute exhaustion q
e stock OF. American cotton on October
/ 1896 .,
r Now. Of conrss. this is an impossibl
: situation. Something must be done
Y check Consumption, as on the side OF "a
E | supply we have allowed for great "
G | creas Sc other than American, this increase
i sur,ply from other countries permitting
i reduced consumption Of American by Is
: 500 bales per week, the situation Ia u
: any trinipg excess over 6,b0O.00o Gro
4 would be very little palliation OF tn
' alarming outlook.