Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1915-06-29
COTTON FACTS
Exported and Used at Home to End
of May, 12,562,0oo Bales, Leaving a
Stock of 4,e47,OO0 Bales.

Exported and Used at home 10 Emo
Of May, 12,562,0oo Bales, Leaving a
Stock of 4,s47,00o Bales.
Secretary of Agriculture Houston
reports on the cotton situation as
| follows:
i, "Ten months have passed since the
war broke out Much discussion Is
going on still concerning cotton ex-
ports and some Of it taking place
without a full knowledge Of the
facts. The leading facts are as fol-
lows:
1.-The cotton crop for 1914, last years
crop, according to the last ginning re-
port, was 15,S73,OO0 bales, instead OF
approximately 100000 bales as was
expected. There was a carry over
from the 1913 crop of 1,32S.600 bales
There have been imported during the
ten months since the outbreak Of the
war, ending May 81, 1915, 307,4OO
bales. There was, therefore, a total
visible supply for the current year to
date Of 17,509,000 bales.
There were exported and con-
sumed domestically to May 81, 1916
IL, 900 bales, leaving visible sup
ply on hand as Of May 81, 1915, Of A.
947, 1000 bales The amount exported
to all foreign countries for the period
from August 1, 1914, to June II, 1915,
is approximately S6S,O00 bales less
than for the corresponding period OF
the preceding year.
I'm this period the exports each
month for the first five months Of the
current year-that is, from August
through December-were less than the
exports for each month Of the same
period for the preceding year, but
since December and up to June Of the
current year-that Is, for the five
months January to May, inclusive
1915-the exports have been greater
than for each month OF the same period
Of the preceding year.
1T seems likely that the exports
for the months Immediately ensuing
will be greater this year than last.
1.-The number of bales consumed in
the United States for the ten months
ending May 81, 1914, was 4,731, 800
The number Of bales consumed for the
ten months ending May 81, 1915. was
4,5S5,522. The consumption the month
for the first part Of the period was less
this year than last through January
and in the month Of April. The
amount consumed this year in Febru-
ary March and May exceeded the
amounts consumed for each Of those
months last year.
"The total visible supply Of cotton
as Of June II, 1914, was 4,400,500 bales,
and as Of June IL, 1915, 6,224,O00 bales
Of spot cotton dropped from 13 cents
on August Z, to GIG, November 13.
On November 81, 1914, the Liverpool
spot price Of middling uplands was
S.SS. 1t rose steadily to January %,
when it was 1920. In April it ranged
from 11.12 to 11.56; in May from 1928
to 1912; on June IL, it was 1914. In
New York on November 20, it was
7.60. 1t rose until January 16, when II
was $40. 1t remained fairly steady
until May 20, when it was 9.55. In
April it ranged from 10 to 1880.
Since May 1, it has ranged from $40
to 9.S5.
During the last few weeks the prin-
cipal factors affecting the Liverpool
cotton market seem to be the follow
ing:
"(a) Abundant stock at Liverpool
and elsewhere.
"(b) Deliveries at Liverpool in ex-
cess Of speculative contracts.
"(c) Lack Of full revival of normal
trade conditions.
"(d) The good condition reported
for the new cotton crop in the south.
(The cotton acreage has not yet been
reported.)
Minor factors which seem to have
affected the Liverpool and other cot
ton markets are:
were American, and for 1915, 4,497, ,454
bales. In 1914, the total stock in
Great Britain was 1.O50,0O0 bales. and
in 1915, 100000 bales. On the con-
tinent in 1914, the total stocks were
1,044,O0O bales, and in 1915, 1,538,00O
bales. In 1914, the American cotton
afoat was 267,00O bales, and in 1915,
447, 900 bales.
The following table gives the cotton
exported to the leading belligerent
countries from August 1 through
March 81, 1924, and 1914-15:
1914. 1915.
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