New-York tribune., 1896-01-13

can staple this year. BY the port stocks I'm Fu-
rope Mr.. Neil means the stocks which spinncrs
accustomed to draw for supplies. II is the
tom of the European mills to small stocks
OF cotton In the mill storehouses. prefcrring for
the sake OF the saving in storage and insurance TO
let the bulk OF their supplies remain at the ware
houses in the ports. Thus the size OF tho stocks
held in Europe be counted with reasonable ac-
curacy. The greatest cotton port in Europe. In
fact in the world. is Liverpool There a vast deal
of cotton is Invariably stored. and from these sup
plies the Manchester spnners buy as their daily
needs compel them. For several years the normal
takings Of Manchester spinners in Liverpool have
been counted 1900 bales. five days in the week,
and 5000 bales on Saturday Tho weekly normal
British consumption Is 5000 bales The excess re-
ouired is bought by the British spinners usually
IN America This year the Manchester mill men
and the Southern producers locked horns carry III
the season The planter, looking around upon MS
short CROP raised the price far above LlNcrpooI
parity and the Pritish consumer practically SAID
we will not buy from YOU" The struggle has
now asted over four months. The American grower
a. ain maintaining his parity away above Liverpool
The Manchester spinner as far as he Is able i Try
ing to get along by buying In lhverpoo ana TAKING
as little as possible from America In pursuance
OF this policy he has been compelled to buy more
heavily I'm Liverpool For six weeks sales OF spot
cot,on have run uniformly at the rate of 1900 bales
n dsy for nve DAYS and 1900 bales on SATURDAY.
The Liverpool spot holder Is not philan'hiops'
and he charges the Manchester spinner S-oi h'sh''
than tho price at which futures are s"hlhh III '"'
ammo city lust as spot cotton In this city Is &c
hixh., relatively than futures are. BY tits course
the british simmer has been able 10 draw less COT
90, from, America this season than usual the
forrign SINNERS IN round numbers. have taken up
To date 10000 bales less than last year nj '''S
time -
What has been the effect Of this long drawn
.,rsvl. OF endurance between the foreign con-
Iol q
ov much longer will the forciln millown"r h' hHl'
70 draw on the foreign port stocks "h" j. 'h VIC
better shape 20 continue the night 'h 'h' '''"''
~ these questions will oepond IN" outcome anu
uhother cotton will rise In value Nh'n u' '"'''"
season opened on September ]. the excess % Nin''
- cotton, over the amount held on the previous
80, st TINT date was 81 .bD bales Thai excess.
owIns 10 the tremendous drain Of th" w"fld si'ai
end sS. @s hnies Thi~ deficit vim nc
more sharply apparent hereafter i0r i, 'i.'n'' "p p
uly OF American has nov i"h'h'" ana p"ST,' a..
p'ss .t,nu,n Instead Of ihr usual Increase oi We
world's visible stocks of Amor rl,ah '"l'.p s, "a
.eet'a ngures on Saturday show'd i"., "i ,'""
49, from IN, amount IN sight The ~'ch N.l.,"
The entire visible suprly ~ cotton O." Nll kii's .r'
o,ids visible supply has reached ma "a li @ a,
and the inronds on mn snpp> ","n ",n,n i, a., p i,
@n,ss In September next :" i'p'nlrn /" n'' & "'
terfnne no" W. to be fiinliod IT will be October
dl.,lon ~ ~, this new crop of cotton can roach tn
~n.en norts There is on hand az l"N''l. t ~ ~
ropenn cotton aud nioat for that one port a"n.
Aihcl."n, ss 90 bales less han at this um' ',t
AZ Tbe total stock of all Kinds al l.iN'ip"o ~
o 40 bales below lat year with righ , "l,.' @ ~
sp'N ,n.sore they get any oi ~" ne" crop ~"
eIhPs.' nav count 80 heavily ,.
on tn1 ,sf,.sI OF the foreign spinner 10 buy mas
S, ef, no weight Of cotton IN Am1" aon, OF cotton
trems Sn" Sn..rn,ts and Interior towHs making .hr
available supply - only hs % SS,re s'ss ~oIs 'G' y"e
same ,'n, n,,on s now Sss9en laics against t.z9o" %
ply of cot'o" ilg5 oD IN 1894. and Sf@"" in lft
bales inrt 80 ,,,r, This years heavy d'crcs5"S not
wiz from itss5 tho record SroP season Io, tpa ,bat
iN2-fS WI. - ,be American spot holder " de,
the stronger Of the two The pfSnrfsr bs .'
suusss,r as ~ proceeds .. h.. he.n
the ri Sssn oms, sne pse
subjected 70 oassd decline For weeks the nlr ia. Ia
evnsrssu. with all sorts OF Impending ea'1"'"'