New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-12
THE COTTON MOVEMENT.
HOLIDAYS PREVENT THE WEEKLY DE-
CREASE
AMERICAN SUPPLIES HOWEVER LOSE A ROUND
AMOUNT-DEMAND AND SUPPLY
POSSIBILITIES

The stocks of cotton of all kinds in the world in
creased 5000 bales in the commercial week ending
last Friday. That they did not show the usual
heavy decrease is attributed to the Easter holidays
which interviewed and which. with Sunday Included.
made five days when buying of spot cotton was
recorded in the Liverpool market. Added to this
feature of the week the heavy shipments from
Bombay|7,lo0 bales to the Continent and 1000 to
Great Britain. These factors left the entire visible
supply Of in the world 1891 1852 bales. This is
decrease of 7.573 bales. compared with last
year. falling Off of 7OS,A9 bales compared with
two years ago and decrease of 604,595 bales from
the visible supply at this time three years ago. year
when the crop outturn 600 bales
But while the visible of all kinds increased 1900
bales for the week. the supply of American, when
is the standard cotton of the world and the only
kind deliverable on contracts. decreased 5000 bales.
and the total amount of American cotton fell to
27s0552 bales which is 12lS53 bales smaller than 1t
was year ago.
The short supply Of available cotton in this coun-
try showed further loss for the week OF 5000 bales
1t Is this supply in America and its weekly loss.
caused by exports and domestic spinners' takings,
that forms the most interesting phase of the cotton
situation to traders and spectators in this country
THE Chronicle" shows that while $4,000 bales came
in sight during the week from the plantations and
uncouned towns Of the interior, the available sup
ply in this country reduced in the same time by
exports of 729 bales and by purchases by Northern
and Southern spnners of So. 713 bales 1t Is note
worthy the Northern spnners bought LOU bales
more in the open market last week than the week
previous, while Southern spinners also Increased
their purchases lcO0 bales for the week, which
hardly indicates an intention to quit spinning.
The total counted stocks in this country are now
reckoned at SO0OO bales which is 26S 900 bales less
than were on hand at this time last year. and Is
less by $1,000 bales than the amount wmch was
exported TO Europe from this country between
this time and the close of the season last year.
hiyhn r6 NOT
which is good exported. though not yet count
ed, the available port stocks will be reduced to
49, sol, and the entire counted supply in America
to $4,000 bales. If this be added the amount yet
expected come in sight on this crop there VIII
be- in round numbers. 100000 bales of cotton with
which to meet the requirements OF the mills Oh
America for twenty weeks and of Europe for twen-
ty-four weeks before cotton can be had. The
mills of this country, when all are running, con-
sumo 1t is estimated $1,000 bales of cotton week,
or 100000 bales in the coming twenty weeks
There is of any important curtaiiment OF
production by American mills up TO date. The pur-
chases Of American spnners in the week just past
SO 7lS bales against 80 66 for the corresponding
week last year. or only 4,45S bales less >-u,Du,
Last year after this date the takings OF Northern
spinners were, in round numbers 100000 bales. The
Southern mills which seem TO be running at their
will spin 100000 bales this year. AS they have only
bought up to date $4,000 bales, they must sun buy
and Southern mill requirements from now to Sep.
TENDER, on the above basis Will be $500 bales OF
the available supply of 100000 Exports after this
date last year were $4,000 bales. Requirements OF
American manufacturers and exports as great as
last from would mean 1.42lVO bales,
12l 900 than all the cotton in this country
A study of the above figures will show that on
the basis of a million-bale crop American
spinners and exporters fall $4,000 bales below
their purchases of last year from this date until
September and there would still ensue total ex-
hauston Of the supply Of cotton in this country
against counted stocks carried over on September
last of bales. 1t will be interesting TO observe
how much further than the necessary 1000 bales
American ard foreign spinners will be able to re-
duce their purchases as compared with last year
The speculative markets yesterday continued
practically dead, only 90 900 bales changing hands
on the local Cotton Exchange. The opening price
was point off lower range at Liverpool and
sales abroad of 5000 bales. THE Chronicles"
weather news was construed favorably. But the
price held firm, recovered the loss. sold up point
and closed at last nights figures for August. 764.