Alexandria gazette & advertiser. [volume] (Alexandria [D.C.]) 1822-1824, 1823-10-18

commenced, and wen, on for tive years
x i,b prices al about cod per lb. But. as
i, does not appear to be so large 10, France
this wear, we will deduc; from The estl-
nate in our statement OF last year, Al 900
bales, in order TO reduce the probable
consumption Of uext year as low as 1t IS al
al reasons BILE TO suppose il can be. This
will give for Europe and America CEN
sumption oil loo. 900 bales. :,
Ii then our estimate OF the supply ana
consumption be correct, the result will
he as follows:-
Consumption OF Europe and
America in 1894, 100000
Supply from the crop OF
1898 in America 100000
From The Brazils. West
Indies and the Levant, 275, 900
From the East Indies, --S5o,ooo
$4,000
Being deficiency In the supply .--
OF $50, 900
Yhen as to the supply and consumption
of 1926, we have already shown, that II
Tie prices do not very soon materially ad.
vance, it will be the interest OF the AIDe.
ricsn planters to grow the whole OF their
provisions, which must still further dimi-
nish Their growth OF Cotton.
We will therefore suppose the Bales.
supply from America in 1895
10 be 400, 900
Brazils, West Indies, and the
Levant. a75,ooo
East Indies, 10000
1886, 900
limo new mills are built alter the year
1894, still, as those nov building will be
gradually coming into work through that
wear, so as TO make the rate of coDsump-
ton at the end OF The year 10 per cent
more than at the beginning, the Consump.
| ton of 1895 will he s per cent more than
The average OF 1924. On these grounds
| we calculate the consumption for 1895.
In Great Britain. at Too, 900
On the Continent, $4,000
In America, 10000
LIDO, 900
Being a85, 900 bales more than the total
supply and stock on hand. This state OF
| things OF course can never occur, as such
a rise OF price must, in the mean time
take place as will accommodate The con-
SUMPTION 10 the supply.
When lbe supply Of any article keeps
pace very nearly with the demand tor 1t,
the fluctuations, which are constantly Ia
king place, cannot be toseseen ar caicu'
lated upon. When, however, the supply
80 far exceeds the demand, as IT did IN
1873, increasing the stock 10000 bales
% hen the average price was l8d, it surely
c,uid not admit OF any question whatever,
thof great tail must take place; and our
friends will recollect. that we did al that
time state. our opinion most decidedly tn
that effect When the supply. on the O.
ther hand, is 50 tar below the consunp-
t;nn ihai the stock has been gradually
reducing from 4o7 900 bales al the end OF
1870. 20 $50 600 bales al The end OF 1871
to 286.ooo bales at the end Ut 1897, snd
probably to GOO, 900 baiss al me END OF
1923, and the price beIon' al former pre-
cedent, except during the last year, u
does not admit OF question t,saf great
aduuucs must at some period take place
II should be remembered too that Inns de
crease was taking place whilst the growth
was increasing but when that Is lessen
ing. and the consumption still increas ing,
how strongly must the effect oil This aher
ed state of circumstances be felt? II is also
material TO observe, that there is not likely
10 be any accumulation of stock during the
period OF mporla,ion mex year; tor even
il il comes forward as rapidly as IN this
year, it will moi al any time exceed the
rate of consumption, consequently The
stock must be undergoing gradual diml
mutton throughout the year
Taking the whole OF The circumstances
into view, it must be evident, that the
growth of Cotton, for the last four years.
is not such as under ordinary circumstan
ces can be continued, but must be consI-
dered as the effect Of extraordinary .exer.
ton Induced by the very high prices OF
the Jour preceding years Of 1915 TO 1918.
That The presen, prices afford no stimulus
60 increased cultivation has been shown,
and therefore The sooner such risk takes
place, the better for those who are con.
cerned in the manufacture oil Cotton. IL
q very considerable advance do not take
place before the end OF this year we be-
ieve the supply from America will be less
in the year 1895, that in the year 1924.
A very considerable advance before the
end OF this year, might induce the plan.
iers apain TO abandon the cultivation OF
their own provisions, and thereby make
The crop equal TO what the last crop was;
but from VIVA, we have seen, we have no
coub, that il would require several years
OF continued high prices TO produce any
material increase. With respect to the
East Indies. it is moi probable that any
rise which could nom take place, would
have the effect OF increasing the produc.