New York, Feb, 11.
According to statistics compiled by the New York Cotton Exchange for the week ended February 11, supplies of cotton brought into sight for the season totalled 11,449,000 bales, showing an increase of 192,000 bales over last week and of 667,000 bales over the corresponding period last year.
Forwardings to United States mills during the period under review reached 3,620,000 bales, representing an increase of 115,000 bales from lest week, but a decrease of 1,655,000 bales from the same week in 1937.
Exports from ports in the United States totalled 4,166,000 bales, showing increases over last week and the corresponding period last year of £5,000 bales and 340,000 bales, respectively. These exports comprised 267,- 000 bales to Japan; 37000 bales to China, etc; 1,283,000 bales to Great Britain and 675,000 bales to Germany.
There was no stock at New York during the period under review and last week, whilst there was a stock of 1000 bales during the same week in 1997.
United States stocks (in ports and interior towns) were given as 5,777,- 000 bales, 1,000,000 bales more than last week and 1,531,000 bales greater than the amount recorded during the corresponding period a year ago.
The world's visible supply was listed at 9,373,000 bales, showing a decrease of 14,000 bales from the previous week, but an increase of 1,747,000 bales over the same week last year. American contributions amounted to 7,598,000 bales.
American cotton forwarded to mills of the world (excluding linters) was placed at 6,732,000 bales, representing an increase of 224,000 bales from: last week, but showed a recession of 1,451,000 bales from the same period in 1937.—Reuter
Text read from the printed page and cleaned; old type leaves the occasional error.