From wilmer and Smiths European Times
PROSPECTS OF THE COTTON


TRADE, IS45-
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A London contemporary. bich devote~
itself mainly to the statistics OF trade esiI-
mates the cotton crop Of the present year at
2. 500 600 bales and foun1~, npon this cal>
culston the following view of the traffic in
that staple:


The distribution cfts crops of the last
four wears has been as follows:


1871. 1912 IS43 1914.
c. Brit'in, S59, ,OOo 936, 900 1,47O,0O0 ,s03, 900
France 349, 900 39S 0O0 5000 2S3,COO
Continent, I0G O05 13I 600 1874 600 l4i 600
American, 297, ,2SS 267 $50 $4,000 $40, 1l1
From this statement il would appear that
the supply 10 the various markets uf En-
rope last year experienced proportlonate
decline. but tha. steady increase in con-
snmp ion goes forward in the United States
From the adyices which we have already
received. we baye reason to believe that an
important increase o. shipments TO France.
and to other parts Of ;he continent VIII
take place during the present year, and a'so
that a continued increase will be expert
enccd in the consumption oil the States =
The difficulty experienced in procuring
Cotton Yarn in this country for the contI-
mental demand, and the rise in price, can
not fail 10 put all the continental mills In
full operation and we cannot be wrong IN
increasing our estimate of the shipments a.
bove even those Of IS43, In proportion as
he whole crop is larger. The American
cons imption and the stock left al the end OF
the wear should also be increased I'm slmI-
lar proportion. Our estimate VIII 'hen
stand thus


Total Supply. Distributor
S,ocl. Sept. /. 4i. 100 900 To G. Britain,
l.47O, 900
rro, ,ats,.5 . snOoo0 France. 378, ,000
0F' Continent, 100000
American, 420,O ,OOO
Stock, Sept, l, '45, G0O,O 600