The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1915-06-24
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{: THE COTTON SITUATION
e (By Henry Clews & Coz
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New York, June 23.-As was to be
expected owing to the continued
| steady European demand for cotton,
exports during the past week crossed
! the S,00,000-bale mark and are now
within striking distance of last years
figures. Indications are that the for
eign demand will continue, Manchester
manufacturers are said to be short
of cotton for yarn and cloth orders
already booked, so that the increased
English spinners' takings of spots Will
probably make up for the small ship
ments to Germany, owing to the EN-
barge. The census bureau report pub
! lished during the week showed con-
SUMPTION of cotton exclusive OF lint
ers during May of 1000 against
467 900 bales a year ago. Quite lit
! tie attention was again directed to
the usage of linters during the past
month, the total being given as $4,000
against 27OOO bales in May last year.
| Since August 1st cotton consumption
has amounted to 1881 600 bales against
4, $3.50, 900 bales a year ago, linters IN
cluded. Stocks in private warehouses
are liberal, and by some this was
! construed as a bearish factor. There
is. however, another way of looking
at it. 1t indicates a tendency to ac-
cumulate the staple by manufacturing
| interests, and certainly they would not
add to their stocks unless they either
considered cotton cheap or that their
future business warranted such a pro-
cedure. The most talked of recent
development was the revised estimate
| of the department of agriculture OF
last years acreage. The preliminary
estimate issued July 1st last year made
the total planted area $780, 200 acres,
while the revised figures fixed the to-
tai at 37,406,000 acres. The Depart
ment, in issuing this report calls at
tention to the fact that its forthcom-
& acreage figures for 1915 will be
compared with the revised figures OF
1914 This is very important in its
bearing upon the expected reduction
Recent private estimates of acreage
reduction have naturally been COM
pared with last years official acreage.
These, of course, now need revision.
The Financial Chronicle" in thi;
weeks issue will publish its estimate
of cotton acreage, and it is understood
that the figures will show decrease OF
1O.S6 per cent. This by many in the
trade will be considered low, but as
suming that it is approximately cor
rect an acreage around 33,0O0,00O will
be indicated 1t will be recalled that
on such an acreage in the past we
have raised some pretty good crops,
but the fact must not be forgotten
that then fertilizers were plentifully
used, while this year the curtailment
will probably run between 40 and 90
per cent. Weather and the majority
of reports bearing on the progress OF
the crop are favorable, but the critical
growing period is now directly ahead
of us and it must be expected that
many adverse reports will emanate
from the belt as the season progresses.
The undertone of the market is firm
so that it is natural to anticipate that
reports from now on of excessive tenn
peratures or too much rain will be
followed by an uplift in prices.