New-York tribune., 1896-05-03
NORTHERN SPINNERS BUYING.
THEIR PURCHASES 10000 BALES IN Ex-
CESS OF THE SAME WEEK LAST YEAR.
COTTON MARKETS IN THE HANDS OF POWERFUL
BULIS-sMALI. SUPPLIES IN THIS COUN-

COTTON MARKETS IN THE Hands OF POWERFUL
BULIs-sMALL SUPPLIES IN THIS CoUN-
TRY FAST DISAPPEARING.
The week tust passed was an interesting one In
the cotton trade for 1t the rapid drifting OF the
speculative market into the hands OF powerfui
combination Of bulls headed by John Fl. 1nman'
and q decided advance In values. The summer
months in which these operations are carried on
advanced 25 points in the week. going above CENTS
May selling in this market yesterday at soo' June
at sos and August at S.04 This advance was mace
in a market painfully restricted in volume OF saies
hut the rise was steady and confident throughout
lust how far up the bulls now In control or the
situation here propose to advance prices IL Is loie
to try to guess but there Is hardly doubt that
the scant remnant OF this crop will bring good
price It is still four months before American SPIN
ners can get new cotton, and five months before
any new cotton reach Europe. The SITUATION
was greatly strengthened viewed In bull light, py
the trade movement OF .he week. Stocks both In
Europe and America extremely short as COM
pared with last year The week showed no cessa-
ton of the steady outflow Of cotton from this coun-
try to Europe, and the amount on shipboard ready
to go out this week was larger than last week
More significant still was the re-entry Of Northern
spinners into the spot market In the face OF the
revival of activity in the drygoods centres and the
more hopeful feeling prevailing in New-England.
far this year 5000 bales less than last year, could
go on running their mills and still stay out OF the
spot markets. not to be expected 1hey talked
blue ruin for months where always on the point OF
shutting down, did actually stay out OF the spot
markets for two weeks. and now. apparently, nave
abandoned this position and gone to buying COTTON
as in the old prosperous days. The bought IN
the week Just ended IS. .SSS bales. which was 1854
bales than they bought In the correspond
ing week last year. when everything was In full
bloom and not a whisper Of shutting down or cur
failing consumption heard on any side
It may be remarked In passing that these North
ern spnners have had to pay cent pound more for
the cotton they bought last week than they could
have got it for in the two preceding weeks that
they remained out Of the market.
The steady purchases OF Southern mills continue,
their takings being the usual 5000 bales for the
seven days ending Friday last.
Exports from America last week. according to
"The Chronicle" were s5sl2 bales. After this time
last year. though the warehouses and mills Of Eu-
rope held more than 10000 bales in excess Of what
they hold now. the foreigners drew on this country
for 525 900 bales. only iH,OOO bales Jess than the
entire open stocks in America at this time.
The small available stocks in America shrunk to
the extent Of 81 900 bales in the week just ended, and
are down to $4,000 bales or $4,000 bales less
than was hand year ago The port stocks In
this country, II the cotton on shpboard not cleared
is deducted. down to 10000 bales, an amount
which Is often sold in day in the shape of
futures by the spectators of the New-York Cotton
Exchange 1t is pointed out that nothing like this
condition in cotton has been ever known before
II the spinners. both at home and abroad continue
to buy cotton in normal volume 10 meet their re-
quirements, and they always do, month IN ana
month out, despite price fluctuations. the squeeze
in the staple before September comes may easily
result in cotton markets similar to those witnessed
during the war.
The heavy depletion of cotton going all over
the world still further SHOWN by The Chron.
ice' yesterday. The worlds visible supply OF all
L xfrAs 1.~ra a1-1 i. hl
This G27 599 less than last year 69 9 under the
supply OF two years ago and 63l.29 less than was
held three years ago me s.9cS no OF ,h
week. and Is now down to 25s9.Vo bales, or l,l5lVU
below last year.
The size of next years crop can have no bearing
on this seasons prices with the small supply here
vastly oversold. There further advance in
spot cotton here yesterday. keeping it well above
futures
The Alabama Agricultural Department has issued
statement that o3ss22 fertilizer tags hays We been
sold in that State this year. against el2'lSo last
THE Chronicle" Pays there is complaint OF weevil
and dry weather in Texas. Elsewhere the crop is
reported favoraby.
Fall River. Mass. May (speclaD-The print
cloth market has been hrmer and in better tone in
the last few days than any time in the last two
months While there has been marked advance
in prices there has been a fair demand and a dis
position offer slightly better prices to correspond
with the advancing prices on cotton. The sales OF
the week were only fair, but the deliveries
large enough to prevent any great addition to the
already large stock hand The weekly state
ment Is as follows Production 230 900 pieces: deliv
cries 2l pieces: stock odds $4,000 pieces, and
64xGis $1,000 pieces: total, 10000 pieces: last
weeks stock 1851 900. Sales-Odds. 1900 pieces.
and eixsis T. 90 pieces; total la@o piecesMo.o
May. $1,000 pieces June. 5000: July 1000; August.
O00: September 1000 MarkAt firm at 2i2 cents for
GixGis.