The Express.
London, England, 1852-06-03 00:00:00

TER SUPPLY OF COTTON.

(Pres

In oar palgiostion of last Wednesday, we inserted
a letter beets asneepeadleat ea the "Supply owe Prig of
Cents," of width we method be Whe miles en an eerly
eenuien. The telleseeet of ow lee been barteeed
by the wwitenwat whisk lot week in the lavitr-
pool emorket, ewe *
Wise wade eby a
the Mies peothewe with& bare
ram
. .

It maybe in no rossindes at ant of sir random that
at else end of Illagtena i ner, A
la wn ntlimpt nil ben made
nto ein the Li sank we uldnend tins on no
Nano nel, ventand to mew itazin
wition to to Ise winning pries,
deals in vane dewing
Mbthipli mann
woo non anus NIL ngmann
Odom eatles'alirt:
wean or en wain thenottn. Y domed to eld- we
an not awns of any ationasnaen patinae to no want
as.. likely to Inne esq union as the inn sow cur-
rent

Our maim aged met be told that spewsktiee never
prevails in Liverpool, to any extent, except wises the trade
are buying freely; end whim esesemen withdraw from the
market for • short time, beam show a disposition to eell,
and prime have a &trimmed imatieney. We shall briefly
eaesime ea what pew spina lave to be alarmed re-
sisedfflit soffit ef Mica he the nest few months,
timir
sad dew pia, MN the limb eltspeselators who are pro-
11w%
Weis Uwe else* pwrehemil this year from Liver-
WM Wet per yea egriwst 27,700 in the /MO time
Liver-
' _pees' emil speleist 111611111erwiag the whole of last year.
This 9,900 hallo per week, we will not suppose
to Iwo peso emdrely into Mock, because the consumption
is Whined to be greater lima it was last year. For this
weekly increase we repro to apply 8,000 balm, which
we think ample and which still leaves 6,209 bales in
favour of the trade. This estimate will be thought mode-
rateiby any one who is aware of the long contracts now
held by most spinnen, and of the practice generally pre-
valent to purchase cotton to cover the orders on hand.
We have thus upwards of 130,000.108 more in spinners'
hands than at the same time last year. It may here be re-
marked that 33,000 balm per week-3,000 per week more
than last year-is a large increase, and a full estimate of
the consumption from the port of Liverpool. Undoubtedly
the consumption has largely increased of late years ; but it
must be borne in mind that mush of this increase has been
counteracted by the diminution of the hours of working.
When it is, therefore, stated that the trade have this year
taken 39,400 halm per week against 27,700 in the same time
last year-an increase of 11,700 balm per week for 21 weeks
-it will be granted that we have funned a moderate esti-
mate in saying the trade hold a stock of 130,000 bales in
excess of this time last year.
The lowest estimate of the crop of 1861-2 is now 3,000,000
bales, and it will, therefore, be unnecessary for us to offer
any remark on this poiw. 2,785,000 bales have already
been received at the ports, and of these 1,9.56,000 have been
exported, of which 1,316,000 bales have been shipped to
this country. 412,000 bales were in stock at the ports at
the dates of our lateet advises, and 220,000 were expected
to arrive at the ports before the close of the season. Of
these 632,000 hales, we shall leave 130,000 bales for stock
at the close of thq season, the same amount as last year ;
and presuming that we receive the Mine proportion of
the remainder as we have received of the 1,966,000 bales
already exported, we may expect, before the close of
the year, 350,000 bales, in addition to what has
been up to this time suit to Great Britain. But
last year we received 140,000 bales of the same year's coop,
sad there is no cause why we should not receive quite as
much this year. The estimate of tenon now at sea is
220,000 bales. After this time last year, and before De-
ember 31st, we received upwards of 110,000 bales from
Brazil, Egypt, and other places, independently of what wo
received from India ; and as we have already received from
those quarters nearly 30,000 bales more this year than we
did in the same time last year, we may thence infer that
the supply from those places will not be lees this year,
and that we may safely expect 110,000 bales before
the 31st of December. The imports from India have
fallen off this year ',very largely, and it is not probable
we shall obtain anything like the quantity sent last
year. The import at the poet of Liverpool amounted
to 230,000 bales, and if we allow • deficiency for this year
of 80,000 balm, we shall still receive 160,000. Of these
150,000 bales, 22,000 have already reached this country,
leaving 130,000 to come forward.
We come now to the quantity exported from this country
Ito the continent. This amounted last year, from the port
of Liverpool alone, to 247,000 bales, the largest known.
The moderate prices of this year have led to early ship-
ments, and we find 83,400 bales have already been ex-
ported against 31,500 in the same time of 1861. As the
shipments from America to other parts of Europe have been
considerably in excess of last year, and as we have no reason
to suppose that the consumption on the continent has in-
, creased more rapidly then among ourselves, we may safely
conclude that the exports from this country will not exceed
those of last year ; and that 166,000 bales will cover the
amount to December 31st.
By adding the first portion of these figures to the stock
of cotton now in Liverpool, and taking therefrom the
amount likely to be exported, we shall obtain a tolerably
correct estimate of the supply remaining for our consump-
tion during the remaining part of this year.
Balm.
Stock of cotton now in Liverpool 648,100
Stock in spinners' bands more than suite time
last year
Estimate of cotton at sea 220,000
Proportion of crop of 1861 yet to be shipped to
Great Britain
Portion of crop of 1862 to be received before
Dec. 31st
Expected hem Brazil, Egypt, dm.
rr Indis

1,628,100
Export& to the Raropeas continent 166,000
Remaining for home consumption in the port of
Liverpool
Average of 33,000 balm per week for 31
remaining weeks of this year 1,023,000

Probable clock in Liverpool, Dec. 31st, 1852 440,100
This leaves 18,000 bales more in stock than on December
3lst, 18.51.
We have said nothing about the prospects of the growing
crop, and on this point it is, perhaps, too soon to hazard
even a conjecture. All that we have yet heard is favour-
able, particularly what relates to the preparations made for
cultivating a greater breedth of land during this year. The
lamp prices of 1850 and 1861, sad the fall prices of this
yearr have been very remunerative to growers, and given a
sekalus to the increased culture of cotton—now the most
pealtable crop grown in the Southern States. When it is
aided that the extent of laud under cultivation in the
States is not much, if any, larger in area than the
icoanty of York, it will be admitted that we may reason-
ably expect whatever increase of supply our growing wants
nay require.

We so not onspriold at the present attempts to create
excitement is dm Idempool cotton market, for with the
abandons, of capital is this country seeking investment,
1111111 Ms prosont low rats of interest, it is rather matter for
wander Mmt this attempt was not made earlier in the year',
and we think it a proof of the want of confidence among
beidlsse, that they have not ventured to take earlier advan-
tage of the facilities at all times afforded to speculators by
the beakers of Liverpool. Shortly after the low prices,
of 184643 and 1848, holden realised profits of 70
or 80 per cent., and it is not unnatural they should
desire to obtain as large returns this and neat pea.
The small crops of 1848 and 1849 warranted in
some measure the advance in prices which followed, though
it is now admitted that the unneceesary alarms of con-
sumers and their consequent large purchases, gave a sti-
maks to the speculation of those years greater than would
otherwise have been the ease, and enabled holders to ob-
tain prices not justified by the real state of the market.
After what we Ism said it will be almost superfluous to
make a single roma on the necessity of consumers of
cotton buying wllk sisodeneion, and avoiding any encou-
rage of spesukiden. If they admit the soundness of
our arguments, ea readily form an idea of the pro-
bability of eetsan sasrlag or declining in value during
the year, and we doubt not their views of self-interest II la
guile this asesedingly. We may, however, add that the
sommorsiol adobes frem sum of our best foreign markets,
—from Germany and Indle.—are not such es to favour any
speculative advance with me; and if such advance do take
place, we fear it will only restrict our business, and tend to
an accumulation of stride in producers' hands.

RAILWAY COLLISION AT DONNINGTON.—ADDI-
TIONAL PAITICULARII.—SHREWSBUST,
regret to say that one of the two sister, named Socket,
who, along with Mr. Phillips, were going on favourably,
has become much worse, and is not expected to survive.
Mr. Phillips is not nearly so much hurt as was at first sup-
posed. It appears that the engine driver of the train,'
which had just slopped at Bennington, perceived an engine
approaching rapidly but supposed it to be an engine which
he knew wasto be sent along the lia• for coals, and
thought it would wait until be moved on; but seeing that
it did not lessen its speed be endeavoured to get on ahead
to avoid a collision, and had actually set the train in mo-
tion, but such was the speed at which the runaway engine
was coming down the incline, that he had scarcely
taken off the break when it ran into the
train ; and the next moment, the passengers who were in
the hindmost carriages (a second and a third class) were
lying prostrate on the rails, amid the fragments of the
carriages, which were broken up into small pieces. Had
the accident occurred further on and eight minutes later, a
goods train which would then have been passing would
have, in all probability, cut up the bodies of the helpless
passenger who were scattered on the line. Mr. Beech, the
company's manager, who was in the train, jumped out 11111
it was moviog, and thus barely escaped the ; but'.
two ladies, who were in a first-class carriage, were the only'
persons who escaped wholly free from injury. Fortunately
there were only sixteen persons in the train altogether—
very few persoa going by the 0 o'clock a.m. train • had it
been later in the day, the extent of injury inflicted would
doubtless have been much greater. All persona whom 1
have heard speak on the subject concur in attributing the
accident to the most unpardonable neglect on the part of
the men who had charge of the engine. '1 he lass to the
company most be very considerable, as the engine is treatl
injured, end two of the carriages ars completely demolished.
LONDON AND SOUTH WSisTIAN RAILWAY.—
Return of traffic for the week ending May 30, 18.52 :
Passengers, 10,2791. Ihs. 6d.; goods, 2,690 L 16s. Did.
Total, 12,11791. lls. 41d.