New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-21
THE COTTON MOVEMENT.
HEAVY INROADS ON THE SMALL SUP
PLIES.
LESS IN SIGHT IN EUROPE THAN sP1NNERs' RE
OCIREMENTS UNTIL THEY GET NEW COT
rON-ELLIsON's FIGURES.

The Chronicles" weekly compilation OF figures
showing the movement OF the cotton crop continues
to reveal heavy inroads the shortened supplies
of unsold cotton both sides of the Atlantic. The
week that has Just passed not favorable one
for the growing crop. yet II will take yield next
year very much greater than the average 10 bring
the reserve supplies of cotton in the word back to
their normal figures.
The visible supply OF cotton OF all kinds In the
world decreased ZOO bales last week, and now
stands at 22S0,WO bales. This amount is 1156c0 less
than last year this time is 10000 ba,es less than
two years ago, and shows decrease OF 5000 from
the supply of three years ago The total amount Of
American in the world lost 1890 bales during
the week and is now down 10 l.s4."o bales or
12i5.coO bales smaller than 1t at this time last
year
The total available supply of cotton in this coun-
try was reduced o. 900 bales during the week Port
and interior stocks here are now down to $1,000"
bales against $4,000 bales last year at this time
The demand for this scant supply keeps well up 10
the level of the most prosperous years OF the cotton
manufacturing The exports for the week were
90 252 bales. against 1905 last year. There IS on
shpboard awaiting clearance for foreign countries
IS 900 bales II this amount be deducted II will show
stocks the ports reduced TO 2S2 0oo bales. against
IA o0 bales last year and S3S 90 bales TWO years
Northern and Southern spinners continue 10 buy
the material largely in excess Of their takngs
at this time last year Northern spinners took for
the week just ended 6955 bales against 100 bales for
the corresponding week last year. while southern
spnners took 1900 bales. against 5000 in the CORE
spending week last year.
1t is still weeks before cotton will come TO
replensh the stocks in this country and fourteen
weeks before Europe will be able TO get any OF the
new crop TO its mills.
Mr.. ElliSon's figures brought down TO June show
that European cotton mills now consuming 49, Oh
bales of 400 pounds each every week. against lpt
bales OF like weight year ago. The spinners' stocks
in Great Britain and on The Continent decreased
&C. co bales during the month Of May. and on June
"a bales less than last year at that time or
7>6 90 bales against 1l200O0 last year Using 10000
ba.es week for fourteen weeks would mean require
ments for European mills OF about 2.52te" bales.
The port stocks me Continent are 70oN bales
the stocks at London and Liverpool are $4,000 bales.
and he European MI! stocks 'Ssg" 1 Ia. or a
ahoa; from America and India for Europe. hut the
consumption Of European nuns since June L. n n
indicated in tie above nsures' would considerably
From the Above outline OF the situation i IS
obvious that ioIegn spina;eiTs haye got to 9oE H.
October !. Very little Is coming now rom lhuit 20
Europe 50 the short supply in this country WI be
t his 5pjy has stood fairy Wei The drain on H.
for the reason that the amount o. cotton coming
week it was . so bales againsi 20 as bles last yer
and up 20 dae on This crop 1t has heer o'ao% "a s
sc Temains tbaf the mills Of the world have con
RAPIDLY toward the lowest ebo known in the history
OF The trade. .
The effect OF this remarkable statistical situation
Will be strongly felt should crop conditions become
| unfavorable in The South Ot ne weather iof ih'
past week The Chronicle rays
! "Our telegraphic adviccs from the South arr no'
so favorable Along the Atlantic coast and IN Al
ba ma and Eastern Mississippi rain has fallen ahFlns
the week but elsewhere in the cotton belt n p
weather has been dry a. rule. ari rain + needed
deterioration Of the crop result Of cool ana dry
weather IS claimed IN portions OF Tennessee ano
, Arkansas, and damage by lice Il reported ~ sec
| tons Of South Carolina.
higher in Liverpool yesterday and the opening quo
| tations on the N-w~York Cotton Exchange were
higher hv : 10 points. But news % rain IN T"xh'
and desire close out over SUNDAY induced s"iiln.
! which caused the Improvement in the summer
months be lost August closed a. '32. against 81
| the night before. The ate months closed 10
! al $50. against Ga3.