New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-23
CLOSING THE COTTON YEAR.
INTERESTING CONDITION OF THE TRADE.
TUE SURPLUS REDUCED TO MILLION BALES OF
,urRIcAN srAPLE-Two SMALL FAILURES

THE SURPLUS REDUCED TO MlLi'loN BALES VI
AMERICAN srArLE-Two SMALL FAILURES
on THE LOCAL EXCHANGE.
.,,... c-,ronicle's" weekly compilation of the move
IN, ~ the cotton crop shows that the rush OF new
lotion TO market to get the prevailing good prices
-. heaun 10 tell on the stocks In this country, "n'h
g. che nrst time since February show an increase
DIR, stocks In America increased from lS''Wo 10
-, .o hales and interior stocks from 5000 TO SS"o
-. during the week ending Friday. The total
.o.ks in this country now 24S,00 bales. an IN
,sase of 5000 bales for the week
D., while the prematurely ripened crop is being
I'D and marketed hurriedly in this country the
lids visible supply still shows weekly decrease
antins a. 900 bales last week and now STANDING
s" ,r 600 hsles or 10000 less than was held at
o.. time last year. 75oco less than two years ago
"a % 90 less than three years ago Inc amount
oot,on in foreign warehouses Is so small that the
80 believes there must be an urgent deihahu ilo"
.,rssners for the first piekinss of the American
- The signs Of this condition are numerous
c'Vf Tho Ace; OF tramp steamers That carry
a.. III ~ the cotton abroad are already heading
49, tho C,,lf and South Atlantic ports weeks Garner
.S.n usual Exports last week were 1898 against
sma for the corresponding week OF ias' year, VIII
=, sh,nboard at the ports not cleared are Si'o''
=" It's, oSi this week last year. and 2ssS the
- haeora The exports Of cotton for the season
=. Us With This month have been AtOi"" paies
Gains, e7laOoO two years ago estimating '"e
sor, cron at 10000 bales, which is the average
conservative guess, with lv".VV o"ies VI
I'D over leaves in round numbers '""'"V oa'es VI
American cotton FOR the worlds uses io' '"e Gun"
ting tvclvemonth, against 'VV,VV-oaie ivy 90
. oo no hales carried over or 100000 bales supply
- - ,ust closing 1t will be seen that the
,.,o =, tho cotton world this year is even more
,,a,as,ing than II was year ago "heh '"e p'ies
nan, mn 70 90 cents a pound Inc COTTON MINIS
,.~go1v because Of a desperate nnancIa depression
and
IN this country got through me year anu ""u d"
,,.,, o,e- t.0Op bales surplus. They start IN inc
-. ,.eor with 10000 bales less than last year
What will the supply be on next Sep
.n,hsrp How much Of this crop will the foreigners
49,, time crop conditions do not improve In the
scn,h The Chronicle" OF yesterday morning
les that its teegraphic advices from the South
-, - FRIDAY evening indicate that there has been
further deerora ton of the crop in some ssctons d
= result Of the absence OF moisture ana mgr I'll
n districts in the Southwest during the week, out
the precipitation has IN general been 700 700 santic
there has been good rainfall COTTON i VleitI,e
rapidly and picking Is cotton
have appeared In that county Al bIenna ma ~ ~
and the correspondent there telegraphs that sooo
rains would not benefit cotton now Al le l!
- damage The crop there is said 10 be very
poor and that it will take four to nve acres 10
"ondition and prospects for an average crop.
with picking general crop damage Is snt IN sne
Nashville (Tenn) district. but in the memphis uls-
;rfct the damage is estimated at 20 TO % per cent
This drouth news continues TO crate a a mn o.!
speculative market. On the locdl r.hC A.
dsy there was an opening drop of 8 to points que
70 Liverpool showing little less strong IMAM Wa
san Antonio Tex on the posting OF the weather
map showing rains in Texas, the usual ti, saar r
TO $50 the best price Of the year, Two small a
~ ~ Fenner and A. S Davis. which were not
considered important tn market Tiosen Tcxas
Tssnusry Closing at s3e The total sales were lih-
Oh bales which was heavy for a two-hour session