New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-14
4 GOOD DEMAND FOR COTTON.
THE WORLDS STOCKS SHOW HEAVY
DECREASES
EUROPEAN AND AMERICAN sPiNNERs MAKE
1NRoADs on THE VISIBLE sUPPLIEs-THE

EUROPEAN AND AMERICAN sPiNNERS MAXI
rNRoAps on THE VISIBLE sUPPL1Es-THE
WEEKS STATISTICAL SHOWING.
rso nav tho small supplies OF cotton now avail
able FOR manufacturing purposes are disappearins
excl,es the interest and the comment OF the TRACE
Nothing Ike II has been known before. Accor'-
ing 70 the weekly tabuaton OF The FINANCIAL
Chronicle" the visible supply OF cotton OF all KINGS
IN the world decreased not less than 10000 bales
in the commercial week ending Friday Night "hIe
the stock Of American cotton in the world lost
III f0o bales in the same time The entire visible
su.uly OF all kinds Is now down TO 2Ss2.@o bales.
which is l.i72oO0 bales less than last year at tnis
date and IL less cotton than was held on September
| last year. the beginning OF the new crop season
when the price more than cent pound
higher than now The total supply OF American
coftou I'm the world has been reduced 20 l,slIV0
bales or ll9aOO0 smaller than last year at this
time
/, Is still twelve weeks before the new season
will bring forward new cotton in any volume 70 re-
pcnish the exhausted stocks OF the cotton mills OF
America and 1t Is fifteen weeks before the earliest
picked Of the new crop reach Europe. There
"a a vast amount Of talk about the unprecedented
pile Of print cloths unsod at Fall River, and stocks
at that point enormous and unprecedented
The talk Of shutdown in July is again heard from
that quarter but the fact remains that Northern
sp!nners continue in the market. buying raw cotton
greatly I'm excess Of their takngs of year ago
The Chronicle" shows that Northern spinners took
In the commercial week just ended l.iOl bales
against purchases by them In the corresponding
week year ago OF 100 bales. Southern spinners
Likewise bought 1900 bales last week. against
takngs by them of 10000 a year ago. These Ameri-
can mills. it Is 10 be presumed, are either buying
thus heavily because they need the cotton be-
cause they think II is extraordinarily cheap. In
asmuch cash cotton sells At premium of about
a cent pound over the fall months. It seems rea-
sonabe to think that the American mills still
pursuing their policy OF buying from hand 10
mouth. and purchasing cotton only because they
need II TO keep their mills going
The available supply in America meanwhile con-
tinues to decline sharply. Notwithstanding that the
amount coming in sight is somewhat in Of
expectations and more than last years movement
being 22.35o for the week jus, ended against 1851
last year The total port and interior stocks de-
creased 1900 bales for the week just ended. and
now down to il0l0 bales which is lSi.00) smaller
than the supply hand last year at this time
The port stocks are only 29loo Including 5000 bales
on shpboard awaiting clearance for foreign coun-
tries In fact. the exports OF cotton keep up their
steady volume surprisingly. There were shipped out
last week 81 S5l bales according to THE Chronicle"
The amount on shipboard awaiting clearance. $500
bales compares with $1,000 year ago and % 900 two
years ago at this time After this time last year
until September l. there were exported in round
numbers 10000 bales.
nariy low stage and Win more cotton mills in the
fore It goes without saying that there must be a
huge crop next winter 10 meet the greatly enlarged
demand. Japan intends to buy largely OF American
cotton this coming winter. The growth OF civlliza-
ton In South Africa has placed new field for their
goods at the command OF the Manchester spnners.
Far beyond all. is the certainty of prosperous
future tor American mills with the party of Proec-
ton I'm control OF the Government. backed by gold
standard OF currency, which Is as certain TO be I'M
aiterably fixed in the National financial policy as
that the Republican nominees ana platform at St
Louis will be carried TO victory In November or as
the IL rise tomorrow. In view OF the assured
big demand for this growing crop yield OF 100000
bales Will be needed for the next twelve months
every bale OF 1t. Anything short OF that yield Will
approach a squeeze. ,
On the local Cotton Exchange yesterday the final
dealings a net gain OF to points over the
quotations OF the previous night. Liverpool sod
5000 bales OF spot cotton and lower for futures,
which somewhat affected early prices here, but not
long August closed here at 100. point up, and Oc-
tober at 81, or points up. While there had been
showers in parts OF Texas. over great part OF the
dry region the skies still brassy and crop re-
ported burning up. The Chronicles weather re-
view said: while in some sections OF Texas there
ha, been rain the last week In others the dry
weather continues and moisture is needed In the
remainder OF the cotton belt however, the conditions
both az regards rainfall and temperature have as
rule been quite satisfactory and cotton Is doing
finely"