New York, Mar. 18.
According to statistics compiled by the New York Cotton Exchange for the week ended March 18, supplies of cotton brought into sight thus far for the season totalled 12,379,000 bales, showing an increase of 191,000 bales over last week and of 879,000 bales over the corresponding week of last year.
Forwardings to United States mills during the period under review reached 4238000 bales, showing an increase over last week of 144,000 bales but a decrease of 1,811,000 bales compared with the corresponding period of last year.
Exports from United States ports totalled 4,743,000 bales, an increase of 99,000 bales over the previous week and of 273000 bales over the corresponding week of last year. These exports included 414,000 bales to Japan, 61,000 bales to China, 1,426,- 000 bales to Great Britain and 729,000 bales to Germany.
Stocks at New York were placed at nil while no stocks were recorded for last week or the same time Jast year.
United States stocks (in ports and interior towns) reached a total of 15,541,000 bales, a decrease of 49,000 bales from last week but an increase Of 1,958,000 bales from last year.
The world's visible supply was listed at 9,227,000 bales, a decrease of 97,000 bales from last week and Of 1,564,000 bales from last year. American contributions amounted to 7,348,000 bales.
American cotton forwarded to mills of the world since September 1 (excluding linters) was listed at 7,912,000 bales, an increase of 241,000 bales over last week but a decrease of 1574000 bales from last year—Reuter.
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