New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-22
COTTON STOCKS DWINDLING.
THE VISIBLE SUPPLY LOSES $4,000 BALES
IN THE WEEK.

THE WORLDS MILLS CUTTING DOWN THE SHORT
SUPPLIES AT A RAPID RATE. But BEARS
STILL ABLE TO FORCE LOWER QUOTATIONS.
During the seven days of the commercial week
ending Friday night the visible supply OF cotton IN
the world decreased 1850 bales the total declining
to s4s4767 bales The visible supply Of American
cotton lost l20.163 bales during the week and the
total visible supply of this countys product Is now
down to 1881 567. The available visible supply OF
cotton in America consisting of stocks at the ports
and interior towns. lost 5000 bales during the week.
and the total stocks OF this character are now down
to 1O7cO bales or 2 900 less than were In sight at
this time last year
These heavy losses show that there is an enor-
nous demand for actual cotton in the world to-
day. The visible supply Of cotton In the word TOT
the corresponding week last year decreased only o.
coo bales-litte more than half OF the Withdrawals
for trade purposes that took place last week The
amount of cotton that came In sight during the
week according 10 THE Chronicle" 1850
bales against 1888 last year. These figures snow
a demand double last years. and supply less
than one-half of last years. In the teeth OF ths
showing the professional spectators and "recKers
and desroyers of the valves OF other peoples prop
erty able yesterday to force down quotations
points. equal 20 los of $35 on every hundred
bales Of cotton in the world. These same men go
before committees of Congress and tell them that
option selling i5 regulated by supply and demand
and is not the tremendous evil that vast number
of people believe II tc be-
The price of cotton declined on the New-York Cot
ton Exchange yesterday under doeful talk OF AIS
tressed trade conditions among the cotton mills OF
America by the chronic Jeremiahs This sort OF
talk Is great food for the bears and wreckers, ana
has wrought havoc with the price OF cotton since
tho new year began. Mills In New-Engand are al
ways on the eve Of closing down. but they have
not closed down yet. The willingness OF Fall River
spinners 10 take lowe. prices has resulted In big
sales last week In that locality. as will be seen by
reports elsewhere in this paper The next quar-
tery statement, doubtless will show that they VIII
have their usual dividends to distribute among their
stockholders, Notwithstanding their Willingness 10
meet buyers terms. Northern spnners bought IN
the spot markets OF America In the week just past
1896 bales only 1.432 less than they took for the
same week last year, when there was never hearo
a whisper of curtailing consumption. In the week
Just passed Southern spinners bought 1900 bales or
900 bales more than their takinSs for the same
week last year. Thus the actual takings OF Ameri-
spinners for the week were only AZ bales less
that the NewEngland spinners are short OF stocks.
for their takings up 10 date have neen t7Vv" Dat
less than last years $. Their gloomy rumors enaDe
them 10 get their slppes cheaper than they othef,
wise would, and. Joined TO the various tricks ana
of bear operators in cotton, when nave
been exposed in The Tribune from time 10 time'
sens j awf With Which to force down Quota
lions and destroy values
The total visible supply Of cotton in the world TO-
day is now 1882 bales less than last year 49,
SO less than two years ago and 525,llS less than
three years ago The cessation OF the normal trade
| movement which must take place unless there
is TO be total exhaustion OF the American crop.
either here or abroad. before new cotton comes, has
not yet made its appearance. As shown above,
American spinners 70 in the market and buy the
for The week. according to '.The Chronicle" were
100 900 bales or 900 less than for the same week
bales however compared with last year and n,i
still exhaust the available supply IN America ,py
September providing always that the rest OF this
crop VII De necaea al his wear reaches 700 900
bales, which is open to serious doubt, 1900 bales
must come in sight hereafter S. NJ Inmsn. OF
ern mills Will require 100000 bales TO run them this
season. AS they have taken up TO date 5esO
bales they still must have i32o bales out OF the
crop, leaving 200 bales for the Northern mills
and Canada to meet their needs. After this date
last year. although their warehouses were IuiI 10
90 bales in excess Of this years taking. the mills
Of the North and Canada bought 10000 bales II
they take as much from now on as they did last
year the available supply in America by septem.
Of consumption will drain he supplies OF cot
ton In America 10 low an cbb that the prediction
OF John II. Inman. OF a close corner IN Augus,, no
such statistical condition In the cotton word mas
existed since cotton sold at 10 cents 49,. A.
The bear operators all said yesterday that MI.
the selling general. Meanwhile, Mr. lnnan
kept his own counsel, as usual CT,
The Chronicle reports that heavy rains during the
week have interrupted farming work There never
has been a 10000 6tO-bae crop raised; The season
of 1S9495. when the outturn was sSvo0W, was per
and not the acreage, that makes the crop. m
The receipts at interior towns yesterday were sui
on a small scale. Houston got lilo, against 8,1z
last year, and Memphis 233. against blo last year.