New-York tribune., 1896-05-24

THE WORLDS SUPPLIES SHOW HEAVY
LOSSES FOR THE WEEK.
, There was a further sharp drop OF 10 no,,
the summer months In the cotton marka, IS IS "
day. but smart recovery toward the close :, .'' We
two-hour session OF the New-York Co,,o, w as
change which left the present crop options ., -1'
TO 3 points under Friday nights finals and ~.
crop months TO points over Friday Ths n". a
dating process was pretty drastic, but s.ead sx' s
ing by Mr.. Inman and other big operators wy W..
extensive covering OF shorts showed that the 49," ~"
out of "tailers" had been complete Angus, ,on..
7so and closed at 1856. The total sales wer. N i."
for a half-hollday. lOl.sOO bales. The biz A." 49,"
ences between the summer and fall months ,,.-"
to a cent a pound. have been materially nar,o@
by the break OF &c points since THURSDAY ~"
A repetition OF the recent peculiar bull on.,. q
Is not all improbable, for II is still a lon, .S
10 new cotton. and the statistical posi,,or s1s
trump card is in as good shape as ever r,. ~w
ent supplies OF the staple in the world con,,,''"
show great decreases by reasons OF the ,r,,.
mand. The prospects Of a squeeze in Aus.~
further manipulation are not removed by ,hss
slump
The worlds visible supply Of cotton Of u...
decreased li2.O0 bales during the week. and 49,.
down to 2729S9l bales. which is 1902 7Il hall, ,r
than was hand at this time last year n. =
ible supply OF American cotton is down TO ,n~
bales. which is a loss OF l26,o0O bales darng ~
last week and Is 1853 900 bales less than th. a.
hand last year at this time.
This is very large movement OF the Gro, i'm.
consumption. and II there hs,, bsen any ssrion. ,
tailment OF production OF cotton goods anyxhs,. =.
the world. the effect OF 1t certainly Is NOT vsa,
in an accumulation OF stocks OF raw material T.,
drainage Of stocks goes on as steadily in ths con,
try as in the Old World. The stocks In Ansr.,
M Lofo
to $4,000 bales which is l26ooo bales less than W..
on hand at this time last year Port sOc.. 4.
America are only $4,000 bales. OF which 900 b,s.
are on shipboard intended for export.
The weeks exports were 1900 bales, agains, rmo
for the same week last year.
American spinners again bought largely in ~,
cess OF their purchases for the corresponding u.,
lest year, Northern mills taking TO- 9l bales ag,ins,
6.isl last year. while Southern mills took lin
against l,Go last year. Rumors continue 10 Aoa,
down from Fall River Of the contemplated curtau.
ment OF production by NewEngland mills, but
these large purchases OF raw cotton at the prevail
ing price cannot be reconciled with an intention IA
shut Off production. on Saturday 1t was published
that the large Wampanoag Mills OF Fall River
going to close. Yesterday this correction fO,
lowed the original report
Fall River. Mass, May 3-The president and
treasurer OF the Wampanoag Mills deny the repor
or a snut-lOWn NniIe 0tner Fall Rive,
mills remain In operation. The meeting to bs he'd
next Tuesday vii! be a regular monthly meeting Of
the Board OF Directors and no action looking
toward a shutdown Will be taken
1t was Fumored on the floor OF the New-York Cot.
ton Exchange that the big short line, estimated al,
5000 bales. settled privately on basis Of su
for August. two large Wall Street firms representing
both sides Of the transaction.
THE Chronicles" weekly crop report states thai.
It's advces from the South are in the main. OF .
favorable character. The temperature generally
has been very satisfactory In the Atlantic States;
where moisture needed there have been bene,
fetal rains In portions OF Western and Southern
Texas, no yever rain is desired The crop Is de-
veoping very well, a rule and fields are for the
most part we'll cultivated. Early cotton IS fruitiag
In Southwes; Texas. Some damage 10 Texas crops
resulted from the tornado on Friday night last.
Fall River. Mass. May % SpecaD.-The state
ment OF the trading in the cloth market during the
week shows unimprovei. although not serious
situation Sales were less than haf the production.
and there is further accumulation OF Z2se pieces
OF goods There are now on hand 5000 pieces Oh
regular printing cloths, ana his amount d0ss % ny nos
Include the stock held by the American Prinuhs
Company for the Iron Works MIL There Is; IN a IA.
dit!on a stock OF 53s go pieces Of odd goods Inc
demand during the week was OF a very moderas
character and was principally connneu " ~ So, @
for delivery In June. July and August. ror neM s
week 1871 90 pieces sold Tor dehNery, ant -. y.
June lliOO0 pieces are sold. The price ned al W,
cents during the week and quotations 10Y gsa 800 s
were on fully "a good bass as nSo n,ritaet,rsr,
that the price will go lower again before II gues
higher. The statement follows: Production, ~ ~ !"
odds $40 90 and sixG4 spoeo: last weeks stock.
lal7 go: sales lo2,Go-odds s4,oH. and 5ihHs IT,
spots & tq,gres 7.oG 80 pieces s sod % Ss Stta Ju
20 600: August; 1900 September 1000 The marke'
is quie, and firm, price. . 9-l6 cents