New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-01-28
COTTON DEMAND AND SUPPLY.
SOME NEW FIGURES FROM MR.. NELL
EUROPEAN REQUIREMENTS FROM THE SHORT
CROP AS DEMONSTRATED BY ELLIsoN's FIG

EUROPEAN REQIlREMENIS FKOM Sic'i
CROP AS DEMONSTRATED BY ELLIsoNs FIG
INTERPRETATIONS IN CONTRACTS.
The bears on the New-York Cotton Exchange man.
aged TO ease off the market points yesterday,
May closing s02 decline of half dozen points
is cake walk for the cotton bears nowadays
These gamblers in fractions. II Liverpool should
open one point higher this morning. will fall over
each other and raise din that would put Bediam
TO shame in their frantic endeavors buy back the
they sold yesterday. The bursting OF paper
bag is sufficient to start a panic among theti'
They sold yesterday for the same reasons they al
walls se-on general principles" on "dulness
because there is nobody to buy: large spot oHer-
ings at concessions in the South heavy receipts
at Mobile" etc Brown sells because Jones is sell
ing These light-waisted traders will all De 1ouhu
ranged the bull side in twinkling II they thihk
the immediate course Of speculation is on the HOOD
tide for six points instead of the ebb. though sell
ing on the bulge" is their favorite motto
There was nothing In yesterdays news that couiu
alter the convictions Of the bulls that for TINS crop
at least bottom has been touched and temporary
fluctuations don't count On the contrary exports
of 10000 bales from the ports. almost double lhe
port receipts. and purchases by Manchester spin
ners of 1900 bales in Liverpool demonstrated 'hu'
normal conditions still prevail ana the co''"' u
disappearing at gratifying rate
Spot sales equal TO yesterdays ut Liverpool an''
the absence of t'Girgs of the stoppage OF sphuieS
anywhere are all that is reeded 10 bring about the
results demonstrated by Mr. NELL In the io"o"i"s
communications
To the Editor OF The Tribune.
Sir Mr. Ellison sun estimates Edrop pea w e@I
equal for the year. bales OF iW pouus 0 90
Hcesmates the supply other than Anerica"'-,'V',O0
G.. ,,o ,uor,o,, roou,,od ie $500, 900
bales OF iol pounds eGuaA TO bales OF z-,mo
rbc .pp GTn.rS Of Europe 20 January 49,
have taken against Z,s2l last year)2'lSoU
so they require. from imports or mill .s, o,o
70 spply their consumption for the balance of the
year 10 LIST Sept. 1885, from isth oan y, ,0o 0oo
have demonstrated t3at ou OF crop Oh o,'' Inc
bales Europe OILY get total io' e,o v "a
ysar % T., which we have already sent 18th
so we can ship thereafter az st'g 0
Add Liverpool stock, American NSh Jahy' sssss'E ~
t'ortirental oort and stocks 18Th Jany n-4'y 6O
ADD afoat for Europe. 18th Jany...........' go
and the total European supply Of American 275 o,o
eTeuli{c % nil stock to -, oo
sumption as above. ............' 90 1900
So all the stock left In European ports on sep, ,e
bcr nex, If consumption, as reported Dy MI LII
sor continues to the end. Will DC WHter'et ,."''
pcen mills can spare ont Of their
GA ofi bales is 1880 bales per week or for .r S
twenty weeks elapsed tota OF -nIt ,bai zine
the LuroDean mills have taker durins . na., ~,
@ bales SO they appear TO have ncreaseq th Ell
stock Of American cotton 49Vn nai I,,ronear mills
tn,s SOCK OF - 900 tales Of 400 pounds OF an
t9l"i ,e- c2 ooo bales on October l. last. an APP
nnr.,,, Tci~c-ion OF stock Of sSgW paits slie
oc,oher The inference is II MI Ellison ~
Inc orroc hat the consumption r9r the las, W. gs
us has boon more than the ndicat,u tanl az 80 ~
American cotor GG'o bales per weshy a." miners
nnn,cn,iently whatever the European iss now
MA H., wav OF reserve or surplus stoch IL 'e9' INV
nj II was on October l. lrF9 49,. .,,o, IN MS
circular OF this month lie figures on az, a.. stock
cion o. 7GoOr hgies on which ne @ ,apcks about
A. u-~ro,. Of ~. O0 bales. AID mn stocHS -,
co. 90 hales on october ne%t # Ts are Go BALES the
the American CROP being oniH 'aboTt use up all
ON or, stoc,s and leav port. and MUS pi be nj
Wv - 20 hold on October lNo: ohII VIZ. -, IN
toRetn'' 10 90 f0 bale crop for European III
lo"cd oIt thou, 900 10p bales against ias' year
$500 m,n -" crop Of 900 oO) nales wnlc. 'on ~
~, ~" now oxpec,. ne shows only so''o'' a. '''
IN. ~ r-,roDs October J. 'S'p o.oLo~ , IN tho
NIL. ,oov,irr shows the prices on ocsU u, dcrs
,o ne ro.ned. and European port ahu MN
years "N'''N~'