New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-09
COTTON EXPORTS INCREASE


THE VISIBLE SUPPLY OF AMERICAN MELTING
AwAy-MR. NEILLs LATEST CALcULA-
TONS BASED ON ELIIsoNs FIGURES
FALL RIVER ACTIVE.
The total visible supply of cotton OF all kinds in
the world decreased $4,000 bales in the week just
cos4d or exactly as much decline occurred in
the corresponding week last year. The visible SUD-
MY OF American cotton. however. lest 5000 bales
les, week against loss OF only 1900 bales in the
corresponding week last year. The FORECASTS of
Neil and Ellison in effec; that with consump
Ton unchecked tho supply Of American cotton held
a. the ports OF Europe viii be all gone by october
,ov the earliest date at which they can be re-
rlsnish-a from the new crop OF American. Week
tv week this condition becomes moro probable
thai they are realizing their DANCE abroad is seen
IN the signincan; Increase in the eXpSrts from this
eourtry within the last two weeks, TO wnich atten
ZION has been called heretofore. Exports for the
rsek lust closed. l57.OOO bales 42co) bales in
excess Of The previous week and only 5000 less than
!, the corresponding week las; year. a steamer
called from Brunswick. Ga. yesterday with n.Vn
hsies on board. which. # included in the weeks
,o,al would make the exports 5000 bales heavier
han in the same week last year. and 1900 in ex-
.oss of the previous week. The exports TO Europe
after this date last year were. in round numbers
, on n0 bales The warehouses and mlsheds OF
Europe full 10 overlooking with cotton at TINS
.,e las, wear Now the European stocks and the
cotton aAoa. therefor are l.lCOOO baes under Ias'
100, I, IS hard TO see why the foreign mills will
IN, want as much American cotton In view OF
their diminished stocks. as they wanted last year
u,sn their warehouses running over with cot
,on II they take 100000 bales from now ou' 'hc!
ym on the calculations OF Mr.. Neil. have taken al!
they can get out OF the American crop the ciop
a, o,lv 800 go bales and their port stocks VIII be
exhausted II the crop is 100000 baes theE OaH
%. Only 100000. The crop will have 10 be ''+"''"
nae 10 provide exports hereafter as large as the!
asst year - - ,,o,.a ,b,s
,esult the receipts hereafter will have TO De as
.s they were last year from this time ior'h la 'i'
new crop comes .,..,o,,or ,,,o
further expert testimony on the situation lh'o
.hich the european spinners are drifting Is iu'-
,,shed by the following letter from Mr. Nei'
To the Editor Of The Tribune ,,o-
S," n, examining Mr. EIson's annual circular
We ma i9a co ne nO other than American at 2c9
balls OF 400 pounds. against ms , ,her secular
f7o2 900 bales. given IN MS Oc'ooe'
y. estimates the European consumpuon ~
all kinds at 1872 no bales per week "A4Smi -
santinued for the year would be- oaieso .so 600
noip e the Supply other than American Wv
-,.. would Ia REQUIRED Of American. bales o.o ~,
OF 400 49,
,so Wounds ...................5,sooco 900
TO supply the running Of spinaies lot Inc
Thee we're in European ports on OCTOBER l., 400 900
i
SS v of AN Ame q: 1905 coOcrop Europe mn
No, gel over
$4,000
9, even H. as few believe the crop reaches ,% W.
o. at the present rate OF consuWpu0n a.. norris
stock OF Ame5Can can spare GU, Of their visible
stock which Mr. Ellison states 10 sd nave We o kinds
TSsrs is M nervous record Of such cond.uon: l.,
TIE he't foi II Is Mr. ElisOns own statement IN
his January circular: ,sos
European ports and mills, October l. 1890 20. mn
bales OF -" ', pIuh nfber than American 25ooo"
Es,imates from America ION 7cooo'-crop' 25s co
,or ~. xsar............. .l0,85eOoO
Established CONSUMPTION; N-VV oa'es 9 4a 900
Leaving European ports and mills october $4,000
J. 1886. 5000
New-Orleans Feb D. 1880 1" '
The resnls OF the quickened export demand Is
seen in the loss during the last week OF aso Daes
IN the stocks at the ports and interior 80 ,o.
this country The consolidated port ana interior
ks are now 1nS5ss bales. against l41.No at
In Whatever light the statistics Of the cotton sup
p,v are viewed, the extreme shortage al oo,. g.,
with other years . IS aPP15Sa bales Is now Iosss
bles below last year, 6o9 s35 under the supp,y d. t9
tine In 1894 and 3l5o1 less han IN 49, so' han
year when cotton IL cents pound hisnTr @ a.
K present But IS 'hs yiSI;e row oHPg stsnGs
~ 90 bales llS2cD Jess than al ING n ~ s
5jO,yU less thd! III %o'' o''N ''''S "
Tha contract markets stood practically still yes
,erdav abroad and at home. Inc auHiilteuly
heavy short interest refuses 10 atteihlN 70 800
mill they realize that boom year Is at manu- anu
rhar AFTER an extraordinary and prolonged PeiIou
NJ scares paniCs and business depression ti.hk'
IN the industrial world are looking up. Inc sltua-
ION al TaN River is highly encouraging 70 me
hulls THE fact that the price Goes not oecIhe -
ss,isfactory argue the bulls. who say they Oihy
need 10 let things continue as they are now Nheh
the shorts start to cover they vii. be helpea o"
their - ,,,rsor
expected.
Galveston Tex Feb. al believe II is unprece-
denied for Liverpool attain its ma ximurn stock
~ January This generally occurs from the end
NJ March 10 the middle Of May and the STOCK
usually remains stationary for some weeks. ms
vear convinced the ma xlmum mas been tOuched
in January and 1t is a ridculously small maximum
AZ that Judged by recent years. 80 mere we are
w,.h a small maximum and eight long months 10
eat IL up in against usually far greater maximum
and only five months to work II OF IN mike OIer
years when statistics were strong ana everybody
loaded up owing 20 political and hnancial troubles,
statistics have not been discounted this year The
absolute proof that they have not been discounted
is tho fact that the summer positions In Liverpool
where the famine is expected In summer, are way
below spot instead OF being. as usual, at a pre-
MUM This proves that spnners naHHs 10 SONS
are obliged 10 buy for actual daily reQuiFenents
but there being no speculation no one buys the
futures.
The writer draws parallel between wheat ana
Liverpool before the new crop comes
HIS ONE-HINDREDTH OCEAN TRIP.
rb celebration ~ the one -hundredth trip across