New-York tribune., 1896-01-05
THE MOVEMENT OF COTTON.
FIGURES OF SUPPLY AND DEMAND.
THE WORLDS VISIBLE SUPPLY AT ITS
MAXIMUM-FUTI,RE OF TIE STAPLE


Cotton quotations further receded Yesterday
March selling down to sos against SO Fridays
close. The close at sos Estimated receipts
at New Orleans on Monday Of 5000 to 5000 bales
aeainst 20 900 bales last year. better feeling
on the curb; New-Orleans. moreover. closed only
u points under market when the nominal
difference Is 30 points. Liverpool futures
2-6id. lower yesterday and spots l-32d Manchester
spinners bought 10000 bales. which Is very full for
half-holiday. Port receipts were 2S.i0O bales
against 25O71 bales last year. Exports were 81 900
bales Receipts were especially heavy at Savannah
and Galveston. The German bears sold a little
early, but there was no general disposition to 20
shCrt on the market the general feeling being that
with any falling off In receipts the price will jump
upward with rapidity. The hobgobn issues still
hang over the market. Consols lower and
fresh massacre was reported in Turkey The bond
question drags along. depressing the stock market.
Augusta received lOS bales yesterday, against Si5
bales last year. Memphis got S3S bales against $50
bales St Louis. 355 bales against $50 bales; Cncin
natl, 1l2S bales, against 2.221 bales. and Houston,
2,6SS bales. against 6.923 bales. Houston expects
Monday 1000 bales. against 4l6 last year. New
Orleans and Savannah declined 1-l6 for spots. New
Orleans sold 5000 bales: Galveston. l.Al bales Sa-
vannah. a bales: Charleston. 500 bales; Augusta, 40
bales Memphis. 1.4oo bales. and Norfolk S79 bales
The Chronicles weekly compilation of cotton
figures shows again the effect of the worlds steady
consumption on the diminishing supply. There
does not to be any evidence yet to weaken the
argument Of the believers In higher prices that be-
fore Europe gets single bale of next years crop
her supplies will be reduced to an abnormaly low
stage. lower In all probability than has been seen
since the war. II not wiped out entirely. When the
cotton year began. September l. the worlds visible
supply of American cotton bIl000 bales larger
than on the corresponding date the year before.
Now the worlds visible supply Of American is $685. 900
bales less than II was year ago. and the visible
supply OF all kinds is less by 3S 900 bales than II
at this date three years ago. Three years ago the
crop was 6,l0oc00 bales and the Manchester mills
were practically closed by six months strike and
american mills were suffering from the di.ordered
financial situation in this country Now the TAX
ings OF Manchester are keeping up at rate almost
and there "F is no m idle m l m
the world Moreover mills of size and
fore springing up. North and South in this
country. the estimate OF the well-informed Manu-
ne" spinules VIII ne IN operation IN tne South alone
before the first bale of the new crop is picked on
this enormous consumption that the worlds
visible supply may be said TO have touched It's
steadily until the new crop is marketed. which will
not be in any quantity i!ii the middle Of next Sep
visible supply OF American has increased this week
only 5000 bales and OF all kinds l,ooc bales. the
455i72 bales last year 4.17l5i2 bales two years
and S,s5s.7l9 three years ago. The worlds visible
and 4,sl5742 bales and Ss9Oi9 bales the last three
This week 20475S bales against 2si.So2 bales last
year. Northern spinners have taken 10000 bales
less than last year. during the first four months Of
the cotton season but the crop Is up 10 date 202nO
bales short OF last year. Liverpool stock OF Amer
is $4,000 bales. against l0790r bales last year
Continental stocks 1900 bales. against 732oo0
bales last year American a1oat for Europe $4,000
bales, against $4,000 bales last year. United States
ports stocks 11006ii bales against l2s5 .61 bales
last year United States interior stocks. $685. bales
against 6(ns56 bales last year and exports to date
22S3 9 bales, against So422s2 bales last year There
Is shipboard al United States ports awaiting
clearance 1885, bales. against 42i.4S6 bales last
year. and 325. 1872 bales two years
annual report OF the Commissioner OF Labor OF
North Carolina will state that according the
returns sent into his bureau the average cost OF
raising and marketing bale Of cotton in this
State. from the time the seed Is planted until II
is weighed and sold at the cotton platforms. IL. in
the cotton-be.t section from t6 10 81: for the
whole State. on an average. $3.50. An average
haie Of cotton weighs $50 pounds IN North Caro-
lima. which at IN cents brings S3 Is. SO the
farmers Of the State this season have made a
profit Of about 81 on eaCh bale OF cotton marketed
The report viii also say that farmers have I'm
proved in their mode Of living. and that there IS
tendency toward smaller and better cultivated
farms. with more grain and less cotton. The
wages OF cotton-fnill operatives have been ad-
vanced during the year, and there is prospect Of
a still further Increase: those OF almost every
other trade have decreased Of late. There Is an
active demand for cotton operatives. due 10
the phenomenal growth Of the cotton -nanufa ctur-
ing industry In this State.