New-York tribune., 1896-05-17
SPINNERS BUY HEAVILY.
rAKINGs OF AMERICAN MILLS LARGELY
IN EXCESS OF LAST YEAR
STATISTICS OF THE COTTON MoVEMENr-Mh
ErLrsoxs FIGURES OF EURO

CIT rrsrrrs OF THE COTTON MOVEMENT
E1LIsoNs FIGURES OF EURO
PEAN CONSUMPTION.
.rh. Chronicles" weekly review Of the movement
a, the cotton crop continued yesterday 10 rehect te
steady shrnkagc OF stocks throusnou' ''e 49,
showing that the consumption OF cotton goes on dhy
hv dav and week by week in a volume that VIII
insure fair prices TO American producers oi IN
nresent crop In spite OF the waiings OF the 'eIe-
miahs and wreckers who want TO iorce do"h inc
value OF a great American crop by trying 10 Sno"
that the supply is not short. The supply u oo''o'
~ ali kinds in the world decreased 5000 bales during
tho week ending Friday night. and now stands at
s1 Oo0 bales or 1865 900 less than was In sisht n
this date last year. The supply OF American cotton
which is the only kind the workers for lower prices
can deliver on contract lost 10000 bales during inc
roek and is now down to 2347.0oO bales. or ll'ioN
hales less than was hand at this time last year
,n,, ,housand more bales coming In sight
oooh w.ek now than was expected, a supplyfDeihB
nushed in from the plantations somewhat In excess
S last year On this fact attempt has been
made during the week TO put prices down. without
success for the returns 10 the ChronicIe sho"
that u the supply coming In little stronger than
was Anticipated the demand Is exceptionally active
aeneciaIlv from Northern spnners over whose uil-
,ortunate condition many tears have been shed In
and out OF the exchanges. The Chronicle SHOWS
that Northern spnners went into the market ana
oha sed during the last week "a, ,4B bales. against
7ao bales for the corresponding week last year.
Southern spinners bought 1900 bales against i2eV
bses for the corresponding week last year Thus 1t
q, saen that American spnners took In the last week
% go baes in excess OF their takngs for the same
week last year II Is 10 be supposed that they
tovght u because they wanted 1t. which. In view
NJ their handto-mouth takings so far this year. Is
not surprising American mills consume In excess
=, IN o00 baIes a week and II their necessities force
| 000 hale n
,,o,s ,remium on the summer months over the tall
daveries II Is probable that there Will be no mate
rial decrease in their demands from now until new
.ot,on comes. unless they shut down. This mas
heen threatened for months but seems aoou' as ds-
,ont az ever The actual closing OF one or two
i,,s and the restriction of production in dozen or
an more are not a drop in the bucket when II Is
sa,ized that there are probably thousand mills IN
America using cotton
THE demand from home spinners is in addition to
consta Mt shipping OF cotton TO Europe, wnicn IN he
,os, ,eak amounted to 3O5l1 bales. This combined
drain on the small stocks here reduced the latter
On oo bales during the week. to $4,000 bales all told
OF this amount there Is on shipooard al Inc various
seanorts practically exported but not cleared or
so,,r,ea 90 600 bales Deducting this would leave
the available supply in America at present OF unsold
o,,on al 600 bales And Il Is still fifteen weeks
he,ore new cotton reach American mills ana
,wentv weeks before Europeans can hope 10 nave
their stocks replenshed from the new crop
rus, how pressing will be the demand from Eu-
roman spinners from now 10 September can only De
inferred Mr.. Ellison's figures OF mill consumption
IN Europe brought down to May ] have reacned
this eide OF the water Ihey sno" o ma ,s. ~ 400
mounds each or the same last year AZ tnis une
The total spnners stocks In Great Britain ana on