New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-08

AVAILABLE STOCKS ~ AMERICA ALSO SHRINK
ING RAPIDLY AND TWENTY-FIVE WEEKS TO
TIE NEW C-ROP-HIGHER MARKETS.
ru .o.,o, markets in America and Liverpool
g,,ned a l.tls more yesterday. closing In this city
. 20 3 points higher than on Friday Liverpool
wa. I'D l-l6i. for spot cotton. with sales OF s""
bale. which Is a good demand for ha'-hohnhy-
Futures in Liverpool closed equal 10 W American
,o,r,s higher than on Friday. The local market
was s points higher in tho early trading but the
bereavement was nearly all los; by reason OF sell
Ing ., realize profits by scaipers. II Is said mat
the cotton is passing from weak holders TO strong
houses who have faith in the situation
The weekly compilations Of statistics by mo
Chronicle" show that despite all bearish talk OF
sbo-, time and political ''ecarrs' nnumerabir, the
consumption OF cotton goes on In normal volume
and the small stocks now known and counted IN
the world are losing steadily and heavily during
the seven days ending Friday night BOD bales OF
cotton vanished from the visible supply. IN 'he
corresponding week last year the visible supply OF
ali kinds los, C0OcO bales. The visible supply OF
American cotton decreased during the last week
81 90 bales and IL now 3Z'2.Vc bales or i'i'i'""
less than at this date last year The visible supply
O, cotton OF all kinds IL now S'e'V". "h'ch Is
l04sOo bales less than last year. %'"" less IMAM
two years ago. and A.co bales less than three
years
As a condition that needs no argument to accen-
tuate It, 1t is again pointed out that while stocks
OF cotton in the world today are Hlv" DaIes less
than they three years ago. when the ylein WIS
only $4,000 bales the price OF mddling upahus !"
New-York rs now IA cents pound or ~ % pa'e
lower than It was In 1893 II the prices o! futures
are taken into consideration. the difference De-
tween this year and 1898 Will be very much greater
Why is there such disparity when the number OF
cotton mills In the world is much larger ana the
consumption OF the staple necessarily so much
heavier now than three years ago? NO great ois-
hnso
No great strikes paralyzng the industry any
where. There Is accumulation OF goods IN New
England. but the stoppage or mill machinery III
that section in consequence Is trivial or - onset Dy
consumption elsewhere. That this Is true ls seen
by the loss In the worlds visible supply 1900 bales
greater this week than last year IN the correspond
ing week when no stories OF short time were ever
circulated the markets 10 influence the price
Northern spinnere bought IN the American spot mar
kets in the last week NJ 900 bales OF cotton or o."
more than they bought in the first week In March
last year Southern splnners bought In the last
week Is 90 bales or 200 more than they bought In
the same week last year. What the student OF the
markets would like TO know Is why. II trade Is 90
bad do American spnners buy more cotton than
they did last year. when trade was excellent?
The available supplies OF cotton In America de-
creased 5000 bales In the commercial week just
ended and are 1853 900 bales less than at this
time last year The foreigners took out 5000 baes
during the week, against $4,000 for the same week
last year As these figures were practically re-
ycrsed last week It still shows the movement on
a scale to base the belief that the exporters VIII
want all the available supply now In America be-
fore the next thirty weeks expire There IL on ship
board In American ports practically exported
though not yet counted. $4,000 bales. compared
with OO bales last year and $1,000 bales In 1898
II has been pointed out that tho exporters cannot
Get az much between now and September as they
took last year by about 10000 bales. and still II
will bring about total exhaustion OF availab bic sup
plies In America
That the American mills will want all that is yet
| TO come in sight on this crop their weekly pur-
chases still 20 to prove. They are yet $4,000 bales
behind their takings Of last year After March J.
| last year. on a sharply rising market. with ware
| houses already full. Northern splnners bought
III 900 bales After March J. 1894. until the close
NJ the season. Northern spnners took 900 bales
a vear I'm which business was PROSTATE every
| where throughout the country
a typographical error made this column say yes
,erdav that the amount OF cotton brought In sight
sh",,id have been $4,000. THE Chronicle" shows
that IS bales came In sight last week. against
Certain members Of the Cotton Exchange who arc
still lower than they have been seem to b. remark.
| ably sensitive. They even become excited and
angry when they referred to as bears" This
ia angular because the operators for lower prices IN
I OF wrath or annoyance when they criticised.
even in severe because OF their schemes to cut
down quotations for stocks for wheat for corn Tor
oats FOR coffee. for pork. for lard and for otheS
| Shicaso and other large cities often condemn the
Mar and operations Of all brokers who attempt 10