The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1896-12-09
REVIEW OF COTTON,
Mr.. ALFRED 8. SHEPPERSON ISSUES
HIS VALUABLE BOOK.

HIS VALUABLE BOOK.
The Season OF 1895 aG and the Prosps cts
For 1896 9s-Some,hipg About C, nsuna p
1ion in Europe and america
Tbs commercial crop of &C ton orthe
season OF 1886 was 1853. 953 bales,
averaging 502 pounds (gross weight
per bale, against crop of 1856, $50
bales, averaging sos + pounds for the
previous season. The actual yield
was only about 100000 bales, the
difference between this quantity and
the commercial crop consisting OF cot.
ION of the crop Of 1861, marked in
July and August, 1896. Based upon
the idea that the crop was much less
than it proved to be, there was very
active speculative movement IN Sep
temher and October, 1895, under
which 8 higher price was reached
than had prevailed in the early fall
monthssice 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
iapsed on October 10Th. Since that
time the fluctuations have been mod
crate, as American and European spin
ners held full stocks of cotton a. 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 Yor K fer the sea
son was about 3 s cents per pound,
being 8 cents more than the prevl-
Gus season.
The highest quotations for the sea-
son for middling uplands were 9 3 s
cents in New York on October 18th,
and 4 1916 pence in Liverpool on Oc.
tober 10Th, while the lowest prices
were Lie cents in New York on July
18th, and 33-4 pence in Liverpool on
July 9th.
Mr.. Thomas Ellison, of Liverpool,
estimates British consumption for the
season ending September 30sh as 81
276, 900 bales (of 500 pounds net. be-
ing 26,000 bales more than the prevl-
Gus season, and continental consump-
lion as 4, 100, 900 bales of 500 pounds
net exclusive Of about 100000 bales
of Asiatic cottonspun in Russia, being
100000 bales more than the previous
season.
United States consumption for sea-
son ending August 31st | estimate as
2,47O,O0O bales (of 500 pounds nett, be-
ing 149, 900 bales less than last season.
think the northern mills consumed
aSS, 900 bales less and the southern
mills 81, 600 bales more than the pre-
vious season.
The takings of the American spin
ners from the crop were 2,5O5, GOO
(running) bales, exclusive Of 6S,00O
oales sent to Canada; out the stocks
of cotton held by the mills at the end
ofthe season were probably 100000
bales less than at its commencement.
In the takings and consumption of
A@srican mills no account has bsen
taken of Egyptian and Peruvian cot
ton. The imports durin the season
have been 9,220 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, us bales to Mexico
and 80, ,211 bales to Japan, including
500 bales sent to Japan, via VancoV-
er, British Columbia.
The taking of cotton for the season
by the spinners of the United States
were SET, 900 bales less than in 1S94-95 !;
214,000 bales more than in 1898 "a;
10000 bales more than in 1882 90,
but S51, ,000 bales less than in 1891 92,
and 135, 900 bales less than in 1890 81.
European spinners have taken 3SS, 600
bales less than in 1S94-95, 162, 600
bales less than in 1S93-94 269, 900 more
than in 1898 "a; 269, coo 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.
The cotton mills OF India consumed,
during the year ending 30.h June,
1,4o9, ,0G0 bales (of S92 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 neL more
than during the previous season
Europe showing an increase Of 156, 600
bales, India 5000 bales, and the
United States reduction OF l49, 9,O0O
bales.
The stock Of cotton at the British
mills on September 30th are estimated
by Mr.. Thomas Ellison as24, 1000 bales
(of 500 pounds net, bein 43, 0O0 bales
less than on September 80, 1895, and
at the~continental mills 277, 600 bales,
being 25S, 900 Dsses 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 wss SOC, 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 ali commercial and financial
affairs by tn, issues of TIE presiden,
tlal election, the American mills have
had very unsatisfactory season.
Many OF them ran on half-titne dur
ing several months and some Of them
suspended work entirely last summer.
For the new srason of 1862 it is
lSt.. 4 T,S ~