New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-15
COTTON STOCKS GOING FAST
THE WORLDS SUPPLY DECREASES 1oeVVo
BALES IN THE WEEK.


EXPORTS coNTINUE-MR EiAisoNs f''
,,,e rpov rt,RopE-IiIGHER MARKETS
The weekly figures Of the trade mo'e''e" -,
90, ,uhl,shed by The Chronicle yes'eru"' So
,,o, there had been demand enough io'
drr,rp the seven days Of the commerciai We"
,rg Fr,day 10 cut down the shortened supply W
49,, d, tho world 10000 bales. Last year IN INC
800, week of March the visible supply VI q"
ki,ds in the world decreased ony 'o'V' - -
"a 900 bales less than last week Inc e"''e -,
SUNNY of cotton IN the world ~ no" uo""
. soooo bales which is l.loi,"" bai's ieS" '"
w,s in sight A year ago ISi.oo less than TWO 'V"''
900 and .73 90 less than three years ago. "he"
the crop was $4,000 bales
The decrease In the visible supply OF Amen"
cotton was stll greater than In the visible % az
kinds the stocks OF American III the "o',i We
100 o.o bales In the days. the total shf'nNs
to $1,000 or 1900" bales less '"h" w" " ~
al this time last year
Tn. prediction OF Henry ". Neill OF Ne"-o'-
leans that the stocks OF American cotton IN VIC
norris OF Europe would be exhausted next autumn
unless consumption checked. has never oe'"
Withdrawn by Mr. Nell. Inc 'ah'"fs o' VI"
worlds sp.nners and reports from the mills as YET
sbow no indication that they intend 20 stop their
mills from running The greatly depicted suppn's
OF American cotton In European ports-'7p"" "'''S
less at Liverpool alone than they were last year
AT this tlmc-haye increased slightly IN Inc 'as'
tyo weeks but Il has been neaNliJ ~ '"' 'Nf''''
., the small stocks held in America. The exporters
cannot draw much longer on this American supply
which decreased $500 bales during the last week
and now stands at 1lcoco bales. or 1900 less IMAM
they year ago
During the week just ended the exporters carried
away 1900 bales or 400 bales more man were
exnorted I'm the corresponding week last year
After this time last year the exports from America
n Furope were 5000 bales or $500 bales moro
than the entire available supply now held In Amer
lea IT, az is contended by well-infoTned men IN
tho cotton trade. the American mills VIII want all
the rest OF this crop 10 come In sight. IL ~ seen
that the exports OF cotton will have TO drop down
very sharply below last years movement II the
condition OF total exhaustion OF available supplies
OF cotton in America IL not 20 result by Scptem-
Der | next. Have the European mills got cotton
enough 10 last them until the new crop reaches
them IN October. without exhausiing supplies In
America? This is the question that contains the
cotton situation I'm nutshell. The exports from
this country 10 Europe have been 10000 bales less
than last year date. and this decrease has been
poorly Offset by increased shipments this season
from India to Europe Since September the Ind
ian shipments Europe have only increased 10000
bales over las. year.
Mr. Ellison. the European authority on mill con-
sumption, says that March the European mills
consuming $4,000 4oo-pound bales week or
100 bales "A week In excess Of last year. Mr. Eli
son says that the spinners stocks in Great Britain
March !. 1896 while the Continental spnners hell
63l 90 bales, against 10000 last year. The total
stocks held by spinners in Europe were on March
J. this year. $4,000 bales less than March last
year. The port OF Liverpool. the warehouse OF
Great Britain. holds 10000 bales less than a year
ago and stocks In Continental ports 10000
bales less than year ago grand total of
stocks OF cotton at port warehouses and mills OF
Europe OF 10000 bales less than were held abroad
a year
l. would likely from the above showing that
European spInners wise In getting AZ much cot
ton as possible from America. while the price Is as
low as at present. If they take the entire avaia-
BILE supply now in this country. or 10000 bales.
their tota! takings for this season will have been
only 10000 bales Last year they took s726.Ooo
bales In 1894 they took 5232.0o bales: In 1893. the
year OF the mill strike Manchester. when the
consumption in Great Britain was curtaled 10000
5s5SCoo bales 1891 they took $4,000 bales; In 1899
they took 4so60oo bales; in 1889 Trey took 4126co
necessary to go back eight years 10 find year
when exports 10 Europe were as small as they VIII
take from now on to the crd OF the season every
thereby the predicted total exhaustion which lat
condition Is generally accepted as an impossible
There has been nothing up to date TO render ,I i
run%nH in the Word oday eight
years ago. The export movement Is still showing
hsrc been Ess than las, year prob
able that tho movement VIII continue; II the cotton
Soush not ye eonea IN hs as fSSa be
the stocks at American ports Will be reduced 10
sos 100 bales against $4,000 last year and 72l.W"
the before
OF course, the crop now coming In may make over
100000 bales. on which the above reasoning rests,
but the receipts recently indicate that IL VIII make
considerably less instead OF more than 100000 bales
The amount come In sight last week was ".
against III 800 last year. The entire amount or this
crop In sight is 61Sl.S76 or 2.623bS7 less than
last year. Last year 10000 bales came IN sight
after this time. TO make this crop 7VoVD bales
there must come In sight from now TO SeptemDef
!, $4,000 bales -.
American spinners OF course. may not take all OF
the takings Of Northern spinncrs up TO date only
325000 bales. 10000 less than ut this time last
year IL 10 more than probable they Will want what
the Southern sp!nners do not require. No tax OF
shutting up the Southern mills is heard. and ny 10
date their takings have been bJl coo bales, or CoOW
bales In excess OF last year. II Is not disputed
that the Southern mills Will up l.O00~ OF this
crop. This will require them to take 10000 bales
of the $4,000 yet 10 show up. provided the crop
reaches 100000 This will leave 3Gs0oO bales for
Northern spinners Last year after this date, with
their warehouses full OF cotton. bought at an un-
market advancing by leaps and bounds. the North
ern spinners took $4,000 bales. There Ia great
deal Of talk. spread for purpose. about mills
accommodating vast stocks OF print cloths In Fan
River and other centres OF New-England but
100000 pieces Of print cloths. after ALL Ii only
few thousand bales OF cotton. and II the mill men
would consent to accept a reasonable profit they
could probably dispose OF their stocks. There
evidences yesterday that Providence spinners
would be willing to take lower figure than they
have been holding out for. and this may result IN
forcing clearing out all along the line Certain
ment OF consumption OF cotton In New-England.
and epnners buying tho raw material IN