Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1843-11-22
MISCELLANEOUS.
From the Mercury.
PROSPECTS OF COTTON.

! on the history oil Cotton, founded IN part
90 the singular coincidence of every great
increase in the product, having invariably
been followed the next year by as great a
falling off-and remarked that this coin
cidence, if it be nothing more went to
strengthen the opinion prevailing amongst
the planters that the present crop would
not exceed 100000 bales-and further,
tina, if the crop does not exceed that
amount, il was reasonable TO look for
higher prices-even 10 10 cents. That
this conclusion is not unreasonable as
will appear from the statistics below,
of the Stocks, receipts and consumption
Of United States Colon in Europe. We
will explain afterwards why the exhibit is
confined 10 American Cotton.
The Stock of American Cotton in
Europe on the 1st of June, lS43 was es.
timated at 44S,OOO b.
Receipts in Great
80, 100000
Estimated from lst
October to the
3lst December, 100000 l, 100000
Receipts in France
to 3ls, August, 100000
Estimated 10 3lsr
December $1,000 $4,000
Rest of Europe for
the year, l75,OUO
Total supply for '43, 2,39S,OOO b'
The consumption
Of Great Britain
in 1912, was $4,000
Increase for 1912,
estimated at
5000 bales per
week, was 100000 l,222,OOO
France in 1912
was 100000
Increase 1543, 10000 100000
Rest of Europe in
1912, $4,000
Increase Is43, $4,000 17O,OOn
Total con. for ls43, l,76S,0O0
Stock on hand lst
Jan. l843, 605,O0O
By comparing then the total supp y of
American Cotton with the comsuptioa
for the presen, year, it appears that lhe
stock on hand in all The countries of
Europe will be on the lst
jan, next, 6O5,OOOb.
Ifthe crop of this year does
no, exceed. 1900. 900 bales,
the United State will re-
quire 400. .000-leaving for
Europe l,4OO,00O
and making the supply for
1874 2,OO5,0OO
ls43 1,7Ss,OOO
will leave stock 1st Juoe,
lS45 2l7,O00
In the statement of the supply for lS43
we have estimated ibe receipts into Great
Britain from the lsl September TO The end
of The year, at 100000 Lales-and this on
the assumption that all the Cotton expor-
ted from the United States before the lst
December, will arrive in England by the
Isl January. That it will moi exceed
this may he assumed from the fact that
the average exports of the Uuiled Sales
for the las. three years scarcely exceed
this-aud up 10 the present time they are
less by $4,000 bales, than lhosc of last
year.
The allowance 10 France Of $1,000,
for The four last months Of this year is al.
so full one--the average export for The
last three years not exceeding this-and
up 10 the 9th instant there is decrease
of6000 haes. The shipments therefore
fro m this period 10 the Isl December,
must greatly exceed those Of last year OF
any previous year, to make the receipts
into Great Britain equal 10 our estimate.
From a recapitulalion OF the foregoing
statements it appears that the year
1914 will commence with a stock ol
American Cotton in Europe not exceed
ing 605.000 bales-thai if the present
crop does mol exceed 100000 bales 1.-THE
United States requiring 400,OOO) there
would remain for Europe l,4OO.OOO-
which, added to stock. would make the
total supply of Europe for 1874, only
zoos, 900 bales, and that if the consump'
ton of 1914 be estimated a0ithout increase
| d6 llldI vi lCtOs tuC obOIn h"SiiSo"
ton in Europe on the lst January, 1915
would be but 2l7.00O bales, or IA month:
consumption, and less stock than al any
period since 1887, with greatly increa
sed demand.
Our observations and estimates have
been confined to American cotton alone
for The prospects of this must rule and 60
yeru ali other kinds. The average sup
ply into Europe from all other countries
for the last five years has been almos
stationary. scarcely exceeding 52o'oo(
bales-and had it not been for the increa
sed production.of the U. s., the consump
,iori must have overtaken the supply o
cotton. and prices gone excessively high
1. is idle therefore to talk ofsupplies from
other quarters having any material intiu
ence oD prices; any decisive impression