Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-02-03
FREsy. FIsH.
DIeSSTS. atwood, Violet & Co

- VOW L VI h.r ildNC lSSuCQ lno lOliOWlnR
circular:
The cotton exports from America from
January 9th to August 31st. 1899, both
inclusive We're 4,12e.OcO bales. From Sep
TENDER LIST. 1899. to January 9th, 1900,
thero had been exported from this coun-
try nearly 100000 bales less than from
September 1st, 1898. to January 2Ith, 1899.
Consequently, to equal the total exports
from September 1st 1898, to August Slst.
1899. there must be exported from this
country from January eth to August
3ist. 1900 C000.000 bales of cotton. To
show the impossibility OF exports OF any
such quantity, We submit the following:
The total visible supply OF American in
this country on the 9th instant was
1,HS.o00 bales. and on the same date, the
amount marketed of the present crop,
according to the Financial Chronicle. had
been 6.57S.Sl9 bales. Assuming, as we do,
that this crop Will realize S,I5O,0OO bales
means that the invisible supply In this
country was, on tho 9th instant, about
county was. on the 9th instant, about
eco bales. which. added TO the WIS.,
BILE supply, gives a total OF both in this
country on the 9th instant OF about
S,9iS. COO bales.
Tho Financial Chronicle OF the eth in
Sudnl makes SOUTHERN consumption 10
that date since September LIST, 1899. Gil 900
bales. and Northern mill takings to same
date. 1,5S2,39 bales. an aggregate of O.
$4,000 bales Tho total of Northern spin
ners takings and Southern consumption
for all of last season was 35S9.49i bales.
Consequently. Il this country consumes
no more than last season (whcreas II will
consume 10000 to 100000 bales in excess
OF last season.. ii means that to equal
1t 1.39G0o0 bales will DO required between
January 9th and August 3ist. 1900, for
domestic consumption. in addition to
g coo bales. as above. 10 the eth in
slant. Then. again, there must be carricd
over on September LIST next in this coun-
try at least 100000 bales of visible and in
visible supply. and. deductinG these two
amounts from 3.9iS,000 bales it shows that
there will be left for export, not only to
Europe, but to China. Japan, Mexico and
Canuda, from January 9th to August
3lst, 1900, about 2.l52000 bales against
exports during the same period last year
OF 4.l29,0oO bales.
These figures are startling because Of
tho supply. particularly when taking
them in connection with the worldIr con
sumption of American cotton, in regard
TO which we have TO say. as follows:
According TO the authority OH European
mill stocks and consumption (AIr Thomas
Ellison) the aggregate amount consumed
by English and Continental spinncrs lis
now 10000 bales weekly. of all kinds, 800
pounds each Taking the daily report OF
tho Liverpool market 1t shows that the
proportion OF American cotton sold TO
that of all kinds is about 80 per cent. and
no doubt, the same proportion is true of
the daily Continental sules of cotton of all
kinds Assuming. however. that only 81
per cent. of European consumption is
American cotton and this represents. out
of 1851 600 bales weekly about 1870 900 bales
of American. The weekly consumption of
Southern mills. according to the Finan-
cial Chronicle and Secretary Hester, is
$4,000 bnles. The consumption by North
ern mills must certainly be 10000 bales
weekly. or a total of 100000 bales. TO
this must be added the consumption of
American by China. Japan, Mexico and
Canada and elsewhere. Assuming that
this aggregate Is only 6,0a0 bales week
ly. 1t gives n total weekly consumption
by the world OF 215,000 bales of Amer
lean, or 11.1s0.OcO bales per annum
II can DO safely said, however. that tho
spinning world Is to-day consuming, of
<AincilS1h coltoii an diiiouiit per annum
OF 1l.c50.G0o bales. equal to the largest
consumption on record-that OF last year
when 1t was largely stimulated by tho
low price The worlds buying power,
however, has increased so materially dur
Ing the past twelve months as to show
that the higher pr,oes for cotton, instead
Of lessening consumption, IS stimulating
the productiveness of the worlds cotton
Misunderstanding industries. With a crop