The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1896-12-09
REVIEW OF COTTON.
Mr.. ALFRED 8. SHEPPERSON ISSUES
HIS VALUABLE BOOK.

HIS VALUABLE BOOK.
The Season of 1895 9G and the Prospect,
For 1896 0.-Somelhing About c. nsump
tIon In Europe and America
The commercial crop of cotton forthe
season of 1886 was T, ,1G9. 953 bales,
averaging 5O2 pounds (eross weight
per bale, against crop OF 9,s36, ,SGC
bales, averaging 50S pounds for the
previous season. The actual vie Id
was only about 100000 bales. the
difference between this quantity and
the commercial crop consisting of cot,
ton of the crop of 1S96-97, marked in
July and August, 1896. Based upon
the idea that the crop was much less
than it proved 10 be, there was a very
active speculative movement in Sep
tember and October, 1895, under
which a higher price was reached
than had prevailed in the early fall
months sice 1890. Cotton goods how
ever did not adequately respond TO the
advance, and American and Europe
an spinners withdrew from the mar
ket TO such an extent that under the
accumulating stocks and lack of legit-
innate demand tie inflated market col
lapsed on October 18th. Since that
time the fluctuations have been mod
,rate, as American and European spin.
ners held full stocks of cotton al the
commencement of tie season and
were therefore able to cease buying
when prices advanced beyond their
views.
The average price OF middling up.
land cotton in New York for the sea-
son was about s s cents per pound,
being 1 3 4 cents more than the previ-
Gus season.
The highest quotations for the sea.
son for middling uplsnds were 3 s
cents in New York on October 18th,
and 4 1916 pence in Liverpool on DC
tober 10th, while the lowest prices
were z 1.16 cents in New York on July
18th, and 1874 pence in Liverpool on
July 9th.
Mr.. Thomas Ellison, Of Liverpool,
rstima ates British consumption for the
season ending September 30th as g.
276, 900 bales (of 500 pounds metz be-
ing 26, 900 bales more than the previ-
Gus season, and continental consump-
tion as 4, ,160, 900 bales of 500 pounds
net-(exclusive of about 40,000 bales
of Asiatic cotton spun in Russia, being
100 600 bales more than the previous
season.
United States consumption for sea-
son ending August 31st I estimate as
2,47O,OO bales (of 500 pounds metz, be-
ing 149, 600 bales less than last season.
Think the northern mills consumed
1885, bales less and the southern
mills $4,000 bales more than the pre-
vious season.
The takings of the American spin
ners from the crop were 2,5O5, 600
(running) bales, exclusive of $4,000
bales sent to Canada; but the stocks
of cotton held by the mills at the end
of the season were probably 100000
bales less than at its commencement.
In the takings and consumption OF
American mills no account has been
taken Of Egyptian and Peruvian cot
ton. The imports duriny the season
have been 69, ,220-b bales Egyptian and
24,603 bales Peruvian.
The Peruvian cotton has been used,
as heretofore, entirely in the manufac
ture of $50 called) all. wool goods.
In our exports of cotton during the
season were 80, IT'S bales to Mexico
and Sc, 9,2l1 bales to Japan, including
600 bales sent to Japan, via Vancov-
er, British Columbia.
The taking of cotton for the season
by the spinners of the United States
wers 366, 1000 bales less than in 1S94-95;
214, 600 bales more than in 1898 "a;
100000 bales moro than in 1882 SO,
but 351, 900 bales less than in 1891 50,
and 135, 900 bales less than in 1890 81.
European spinners have taken 3SS, 600
bales less than in 1894-95, 10000
bales less than in 1S93-94; 269, 900 more
than in 1898 "a; 2G9, 600 more than in
1891 80, and 23S, 900 less than in 1890.
81. Comparison with 1928 is
omitted because of the long strike in
the English mills that season.
LUG SoLLoa VI 4hold
during the year ending 30;h June,
1,409, 900 bales (of 392 pounds,) being
$1,000 bales more than the previous
year, and on same date Bombay spin
ners held 290,00 bales, being $4,000
balesmore than on June 30th, 1895.
The cotton consuming countries of
the world from which reliable statls-
tics are obtainable have consumed CO..
600 bales (of 500 pounds neD more
than during the previous season.
Europe showing an increase of 156, 600
bales, India $4,000 bales, and the
United States a reduction of 149 900
bales.
The stock of cotton at the British
mills on September 30th are estimated
by Mr.. Thomas Ellison as "a 900 bales
(of 500 pounds net, bein $4,000 bales
less than on September 80, 1895, and
at the continental mills 1900 bales,
being 25S, 900 bales less than on the
same date IN 1895.
European spinners have done a
fairly satisfactory business.
The number of spindles in operation
in Great Britain was 500, 600 less than
the previous season (the reduction re-
presenting anticipated machinery
which was discarded, while there was
an increase of 100000 spindles on
the continent, $4,000 in the United
States, and 123, 600 in India
Owing to the great depression in
business OF every kind, due to distur-
bance OF all commercial and financial