New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-07
NEWS OF THE COTTON wop,~
RAINS IN TEXAS CAUSE wEAKvvs.
FUTURES.
HEAVY DECREASE IN THE vrsrup
AMERICAN spINNERs STILL LARGE a,,v,..
SMALL STOCKS In AMrn...

HEAVY DECREASE IN THE yrsrp,p
AMERICAN spTNNERs STILL LARGE arv,..
SMALL STOCKS IN AMERrc.
Report OF rains In the drouth region o, r.,.
terday caused break Of 10 points IN ths 49, :"
deliveries OF cotton on the New-York .~nes
change and to points N the new cron NV. q
After an opening 2 to points higher r. s".sseo
the close was to points lower Aur,., av
at IA. The total sales were 5000 sa,..
trading for summer Saturday IAverrno, "'s5
1-l6 for spot cotton and 4si TO 5s4d. for t,u.."p
spot sales reaching the unusual ng,r.s "a. = "a
day OF 1900 bales. ''u'
The Chronicles weekly review q, ,h
showed that the visible supply Of all kind. =" ~
world has decreased 10000 bales during ~. = ~
and Is now 25l2"co bales. against as2sooO La, ~.
at this time. The cotton Of American rrov,, ~
1920 bales, and Is now reduced to 2O2s0O ." w
10000 last year at this time II ia am ~. ns
weeks before the new crop will begin to b. .,.s
able for American spinners and seventeen ~
before any OF 1t will reach the foreign Mil. !,
is more likely that the losses each week /. a. .
vis.b!e supply from now on during the SUNNI, ~ ~
exceed 10000 bales a week than TIM, 4, -c W
below that figure This will leave smaller 49,
OF cotton at the beginning Of the new ..as,. "a"
Tho excellent demand shown at Iivcrrxs.
plemented BY continued free purchase, bv ~
mills. Northern spinners took In the vsss =.
closed 1900 bales. or 1915 IT. excess ~ I'm. -.
.ngs for the corresponding week last wear g.
crn spnners took 1900 bales or Inn ma. ' w.
for the corresponding week last year N. .-.'.
tak.ngs OF American spinners IN ercr., =, - w..
they purchased In the corresponding veek IA, As
were 22l5s bales.
These large purchases. added to -rror,. q, a..
week Of A.. 7l9 bales. further reduced IN. 49,. ~
plies available In this country 500 ba,s, o., -.
week The total port and Interior stocks IN .rr.,..'
arc now $1,000 bales or ll7oO less than Last v... :.
this time. or this amount 1000 bales ara an ,,s.
board at the different ports awaiting Clearance D..
stocks. with this unclearci cotton deducted So
at 272oo0 bales. against 1900 year ago and ~ m
two years ago. After June J. last season un,g r.
cotton came. exports 10 Europe were 5000 bah. !,
round numbers
The amount Of cotton that came into sisht N ~
last week 81 s4 bales. against l70e2 for t r,.
responding week last year. This rovemeny ,,.
sight IS much larger than was expected nr y.
vision OF the crop estimates are in order The c,,,
amount OF this crop in sight now Is 6a2W hzla
II Is hardly probable tha, the total yield VIII h
found much under 10000 ba.es. Yet the aai,tn,a
output has no; been sufficient 10 Offset the trems.
lous reduction IN supplies. The good buying by
American splnners shows how small are ,hei
stocks. while II .s known that Continental mgt
have let their stocks get 10 a minimum. This fall 4
Ger; n - witness a sharp demand for the nex c..
,on-a ..emanl that Is sure 70 De long sustained ~
fore the worlds spinners get back their holdings !
ihc.r normal quantity.
The Chronicle" IN Us weekly crop and wes,hs
report, says rs aiy.ces are as rule OF a favorata
character The weather has been dry In many tls
irlcts % Ire southwest during the week. and mos.
u-e Is needed. But elsewhere rain has been CUT
genera. anI on the whole very beneficial The ten
pora,lre has been decidedly satisfactory. Excep
where rain IL reedei cotton Is developing vr
pr5m.sngly
Fall River Mass. June (SpecaD.-The prir'
Goth statement for the week shows an accumu'
ton o, stocks despite decrease in the productO
due 20 the Observance o. Memora, Day. The sal,
amounted 20 only l2i.c0 pieces. nearly al OF viii:
we're ODDS The general manufacturing situatia
grows s.eadlly worse. and unless there Is a shsr
change IN two or three weeks many manufacture
ana brokers predict a cur,a.ment Of production o
a reduction In wages before the middle Of July. n
statement Is as follows: Production, Mo90 pieces
az 40 pieces total 49, cl) places last weeks stock
!. 40 o., Sa,cs-Oits. 10000 Pieces; 6ixsfs. $40
rl.ces. total. l2iOoo pieces-I 90 spo: and iSn
future sod f)r weekly dei!very-June IIsoJ0 July
20 Jpj. August 1900; sep .cfnoer 100 The market
dali az q. cents.