The Sun.
London, England, 1861-10-29 00:00:00

THE COTTON TRADE.

The sales of cotton for the week, as made up on
Thursday evening, amount to 145,810 bales, of
which speculators have taken 82,090, exporters
12,860, and spinners 50,860 bales. Here is another
large week recorded, greatly swelled by the opera-
tions of speculators, but in which spinners have also
liberally supplied their necessities. These large
purchases are the offspring of increased confidence
in the staple, from the thorough conviction that, for
a while at least, we shall be deprived of the Ameri-
can crop of the present year, as the continued
blockade of the ports is not only resolved upon by
the North ; but the South, so Tar, have shown equal
determination to retain the cotton on the plan •
tations, so that for all purposes of use to us at
present it might as well never have been grown.
Hereafter it may exercise a very important in-
fluence, but, in the meantime, every one believes

that will be after his stocks have been all sold. Tho
effect of this is seen in the great advance in prices
that has taken place during the week, the largest,
in fact, that has been witnessed this year, or for
some time previously, the improvement in American
descriptions being id. to llb. per lb. ; Surats,d. to
d. ; Brazil, id. ; and Egyptian, ld. per lb. It is
many years sinee prices reached the paint at which
they have now arrived, New Orleans middling be-
ing quoted in yesterday's circular per pound ;
and, high as this figure is, there are many who seem
to think it is yet some distance below the top price
that will be sure to be reached before the cotton is
released from the American ports. It may be so ;
there is no reasoning against it—in fact reasoning
is all the other way ; but the state of Affairs in
America is in such an unexpected, unprecedented
position, that we know not whether a change as
sudden as the outbreak will not take place, or that
with prices such as are now ruling some means may
not be found of getting cotton to this side of the
Atlantic. This, of course, no one believes, or the
market would not be, in its present buoyant state,
at what may be termed starvation prices ; yet, look-
•ing at the height to which we have ascended, were
a change to take place in the feelings of the belli-
gerents, or were the least expectation of such an
event to receive a tangible form, what a serious de-
cline might immediately be expected to follow.
With middling cotton at Bd. a short time since few
would purchase, while now that it has been raised

to ls. everyone seems anxious to be a holder, and so
long as this feeling lasts prices of necessity must
continue advancing. The India markets are again
moving upward in reply to the commencement of
our rise here. This is a movement in the right direc
tion, but prices have scarcely yet advanced there
sufficiently to leave a profit on the stock of goods
and the shipments on their way, and have to move
upward with an accelerated pace to meet the higher
cost of production. On the ether hand, the very
favourable monsoon must tend to produce so desi-
rable a result from the natural increase of consump-
tion and wealth that ordinarily follows it. The follow-
ing are the comparative prices of the three descrip-
tions of American fair and middling cotton, as
quoted yesterday, and at the corresponding period
of last year, with the imports and estimated stocks
of all descriptions :-
1861. 1860.
Fair. Middling. Fair. Middling.
New Orleans 121 d. 12d. .. 71d. 6d. per lb.
Mobile
Uplands l2ld. llid. .. ad. 6j d, „
Stocks at commence-

ment of each year .. 515,679 .. 441,710 bales
Imported since Jan. 1.. 2,614,542 .. 2,839,134 „
Stocks, Oct. 25 :
American
Surat 259,840 .. 128,300 „
Brazil
Egyptian
West Indian, Sce.

Totals
Cotton at sea :

From America — .. 30,000 ~
From India

Totals

FOOD RESOURCES OF THE SOUTHERN
CONFEDERACY.

"A person well acquainted with the Confederate
States " sends to the Economist some facts and
figures to show the " utter absurdity" of supposing
that the South can be starved out.
The little State of South Carolina produces five-
sixths of the rice crop of America, and more wheat
than all the New England States together. She
produces as much Indian corn as New York and
more than all the New England States.
In 1860, South Carolina's production of corn was
20,000,000 bushels. Her potatoes, bean and pea
crops, are very large, usually exceeding by 1,000,000
bushels that of Maine. According to the latest
statistics, South Carolina further produces more
peas 'and beans by 180,000 bushels than all the
Northern States together, New York alone excepted
—more beef cattle than Pennsylvania by 1,740, and
almost as many as all the New England States to-
gether—more sheep than lowa and Wisconsin by
10,699—m0re hogs than New York by 17,254, more
hogs than Pennsylvania by 25,137, and 86,000 more
than all the New England States, and New Jersey,
Michigan, and Wisconsin together. She produces
10,000 more horses and mules than Maine, New
Hampshire, Massachusetts, and Rhode Island toge-
ther.
So much for the food resources of South Carolina
alone.
bp
uu
sb
hl
ei cl
s) ,
Tennessee alone produces New
According to theraengl
daa st tNe c
oeprnrtshoudscu(
cat
trhioeol
nirne
aouftrongNs
eo.et fwh
eryAp York,
as-
sachussetts, New Hampshire, Vermont, and Maine.
which,rrok
Pennsylvania, Ohio,
although for several months in the possession of the
-
bNdGuuooscrvbeteehr2l ns4Cmlei
fero
ono
wheat,ltoi
naat
bushels
W naa sa hgToiunefagnnwtntohientes
y,
sa
eat
exceeding
withheldmeporroedutchea
Inbl
ytsf
hr4o3e7mo
glO t,6oeh9oae3to,
a
Pennsylvania,
the six New En
wheat-growing State of New York. Virginia
the Virginia:ag ;aggregate
Jl6e rssoe y 6,
mCoornen
be
oc tgt
sc ut th, a n
New all
glan gland
eSrtsaetye
laol
wo nag, with Nmei we h
goarnk ,;
for that State (Tennessee) produces 3,104,010 hogs,
while the eleven above-mentioned Northern States
produce but 3,086,503.
Many people have supposed that the North was
the great hog-producing section of the States, but
such is not, the fact. The whole number of hogs
produced in 1850 was 30,316,608, of which the slave
holding States furnished 20,770,700, or more than
two-thirds of the entire swine production.
Another equally remarkable fact is, that the cot-
ton States produced in 1850 more beef cattle thanl
the six New England States, New York, Peenasyd
vania, Ohio, New Jersey, Indiana, Michigan, n
Winconsin together.
h States ro-
the non-
duced 1,782,887 more beef cattleot
aonreall horses and
slave-holding States, and 260,00 m
mules.
gures should materially
The foregoing facts ands
sion which so generally
modify the erroneous i
mp
prevails as to the foodresourcesr of the Confederate
Lastly, in 1860, all the slave-holding p
States.

ing aChhuagrievraifireiapcuabni
while Europe, with helmet
exclaims,
,etr, siaaperipstrielptcrt toevioilimecb.stuaingate
to
1:
I lit
oNa arms
Nteeth,a FRANCE.--The
nAballon: Ed
'h.: Td
all this
xatiou
is
pub-
lishes an engraving which represents Austria and Venetia
:Sahrruneadeldienargr;mhe right arm, shows every mark of impatience,
I am quite tired of remaining armed in this way on
account of you both. I wantlay some understand-
ingto aside my rifled cannon,
dust i"
aanadd
CARICATIvUedt