New York, Jan. 28.
According to statistics compiled by the New York Cotton Exchange for the week ended January 28, supplies of cotton brought into sight thus far for the season totalled 11,107,000 bales, showing an increase of 229,000 bales over last week but a decrease of 620,000 bales from the corresponding week of last year.
Forwardings to United States mills during the period under review reached 3,419,000 bales, showing an increase of 119,000 bales over last week but a decrease of 1,530,000 bale: from the corresponding week in 1937.
Exports from United States ports totalled 3,931,000 bales, showing increases of 106,000 bales and 371,000 bales respectively, compared with last week and the corresponding period of last year. These exports included 219,000 bales to Japan, 23,000 bales to China, 1,232,000 bales to Great Britain and 643,000 bales to Germany.
Stocks at New York were placed at nil,/unchanged from last week, while 1,000 bales were recorded for the same period last year.
United States stocks (in ports and interior towns) reached a total of 5,857,000 bales, 13,000 bales over last eek and 1,320,000 bales above last year.
The world's visible supply was listed at 9,457,000 bales, an increase of 24,000 bales from last week and of 1,119,000 bales over last year. American contributions amounted to 7,685,- 000 bales.
American cotton forwarded to mills of the world since September 1 (excluding linters) was listed at 6,303,000 bales, an increase of 208,000 bales over last week but a decrease of 1,349,000 bales from last year.—Reuter. p'eaiexder ARE ala
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