New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-16
COTTON SUPPLIES ARE LOW.
THE WORLDS MILLS CONTINUE TO CCI
THEM DOWN-sOUTHwEsT DRoUTH
TNBRDKEN

AS August g. the end OF the cotton season.
draws near, the time for their annual compare
sons the weekly compilations Of the cotton sta
tisticians become interesting 70 the uaoe'
There are still weeks before the season ~
over and air .ady OF this crop 7oo36is bales nave
been marketed This is some $4,000 bales more
than Henry NJ NELL earlier in the year estlmateo
the crop would be But It should be SAID TOT MI
Nell that the movement Of the new crop II 20
phenomenally early that II is swelling the to'ai
he credited 10 the present season In no sfnah
degree. For instance the first bale OF North
Carolina cotton reached Norfolk on August
thirty days earlier than last year.
Notwithstanding the crop has been underesu'
mated the worlds stocks Of cotton have been re-
duced this year to an almost unprecedented de-
gree and the reduction vii probably continue
steadily for another month The Chronicles
tables yesterday showed that the worlds visible
supply OF cotton Of all kinds had fallen 10 lS6l1
bales This is a loss Of $500 bales In the last
week The supply OF all kinds Is now l2lSE57
bales less than last year $50 less than TWO
years ago. and s7i 2l3 less than three years ago.
when the crop produced 10000 bales shorter
than the present crop The visible supply Of
American cotton decreased roo bales during the
week and is now down i,o7As73. or $4,000
bales less than last year II Will take move
ment sharply in excess Of last year 70 make up
this great deficiency in cotton.
The available supply OF cotton in America lost
bales i3s.00 less than il last year az this
time Northern mills are very generally closed,
but Northern spnners seem TO Dee In the market
usual for their cotton. Their takinRs for
the week just ended were 1870 bales. against
ll.JG) last year. while Southern mills took Hoo
bales against 1909 last wear.
over in Europe. consumption goes steadily on
According TO Elsons figures. the European mills
Of 40 pounds weight during tho month Of July
British spinncrs' stocks IN August ! were l22.01
bales against $1,000 last year. Vhie Continental
spinrers held $1,000. against $4,000 last year on
August l. total shortage Of European mill hold
ings Of $4,000 bales.
Mil stocks In America are believed 20 he even
shorter than they In Europe. Exports 10
Europe last week We're 2l.G1 bales against sos
bales for the corresponding week last year
The fact that the drOuth holds hard and fast In
the Southwest makes the speculative markets for
cotton strong Yesterday Oh the local Exchange
prices closed IKE points over Friday. August cot
ton closed at "a and January ~ 80 II Is still
long way from the end OF the growing season
Of cotton. which IS usually not till hard frost
The cotton fields picked over three times
bottom. middle and top crops. The pckers
now getting the bottom crop. The middle and
heat and drouth since July I. The August report
Of the North Carolina Weather Bureau. made pub
lie yesterday. made fall In the condition OF
ton I'm that State during July Of nine points the
general average being placed at 81 against a
last year. All the wild talk Of twelve
milon-hale crop this year heard go freely in the
spring. IS gone No estimates now exceed 9DpoD 30
bales. and II the drou'h hangs on n while longer
an Sooocohale crop Will be considered large.