Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1844-09-05
y o Il I N 7 o a Il o
From the National Intclligcnccr
HE TARIFF.-ITS EFFECTS ON THE HONI]
MARKET, SC


MARKET, Sc
by the last steamer from England we are
advised that the stock Of American Cotton
was immense, and the average sales, accord
ing to our calculation, did not nett over seven
cents per pound. American Flour is quoted
at nineteen slliilings per barrel, and the duty
up TO loS. I'D, or nearly 81 SO per barrel
American Tobacco was low; the stock in
the Kingdom about twenty -fve thousand
hoSsheads, which, if consumed there, land
nearly the whole of it will be,) will yield to
The British Government about twenty millions
OF dollars, the duty being three shllings per
pound, or about eight hundred dollars per
hogshead: As, according TO these facts, we
cannot rely upon foreign markets, let us for a
moment turn to our home markets and see
what they have done for the lillers of the soil
In every quarter for the last twelve months.
in consequence of the salutary operation of
the Tariff OF 1912, the home markets for all
The products OF the earth have been extended.
ana nave been Tor year past and arc now
higher than foreign markets. Instead of
ABOUT three hundred thousand, our own man
ulaclurers have taken for consumption about
Tour hundred thousand bales of cotton, at an
average OF about nine cents per pound-a fair
| portion having been bought during the first
iour months oil the year at prices as high as
Ten and eleven cents, and while prices were
from twenty TO thirty per cent. lower in Eu-
| rope. And, even now, when prices have de-
clmed materially in this country, owing TO a
great decline III Europe and larger crop than
was al one period anticipated, our prices of all
descriptions OF cotton are above those of anv
market out OF this country. These facts show
lhe vast importance of fostering our manu-
lectures. If this country had during the las
Twelve months consumed eight hundred thou.
sanu bales oil cotton instead of half that guam
MY, The planters would have obtained more
than an average of nine cents per pound; ant
1t must be equally apparent to all praclica
men that one hundred per cent. increase il
the consumption OF cotton would have in lh
same ratio increased the demand for otbe
] products of the soil, and consequently price
OF them would have advanced materially
The crop Of cotton of 1912 was about tw,
million four hundred thousand bales; III,
crop Of 1913 cannot be known till the clos
OF this month, but it will be about two mil
lion and fifty thousand bales; and the pendin,
crop may be put down at from one million
/ eight hundred thousand 10 two million fv
hundred thousand bales. according TO th
weather for the residue Of the season Thes
crops have proved too large for the consunp
ton Of Europe, and hence the present iarg
supplies there and low prices.
This country, without aid from Texas, i
| capable Of turning out at least three million
Of bales Of cotton, which would be vast dea
more than all the world requires. Now, SUP
pose our bagatelle tbirty-two per cent Tari
abolished, and of course the home copsuiDp
ton OF cotton cut of, DO not the planter
clearly foresee q decline, and probably ma
tcria decline, in their staple? in such stat
OF things, Great Britain and the Continen
J would fix the price, and fix it so low that tIl