The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-10-15

rial took place rom1 to 1884 and the advance continued
up 1885, since which there have been very great nuct
atoms In 1884, 500 pounds cotton valued
at $40 averaging about log cents per pound In
1913 SIT 4s pounds valued at $50 565 as ave
raging about 81 per pound four cents per pound
less than thevalue in 1884, We in this statement the
fact that in little twenty years the quantity
ported has increased about six hundred per cent while
the value has increased but little than one hundred
and fifty. We cannot expect otherwise than that the
movements for the future will carry still further
the principles established by the past. The pro-
ducton must, for the future. increase more rapidly
than it has yet, while the consumption in meny
parts Of the world, has reached its maximum, and
for many to come there will probably be changes
In the 5.sitv sf the consumption but we cannot an
icipats much increase. s,.n..-s n.'e' io'
long tme been anxiousy looking for the opening OF
the East India markets. with the hope thar very extern
sve trade could be carried on in their manufactures with
the people of that part of the world. As yet those anti
cipations have not been realized II will require the
lape Of many years before the Chinese induced
60 as deeply into the consumption of our manufactures
many have anticipated Their preudices against II
outside barbarans very strong and and
although we have doubt but that eventually there
must be an increased demand for our cotton manuac
lures from that country, cannot think can come
very is feared that the American commissioner to
China will do the trade OF the United States with that
nation. injury than good. Residents there say that
our trade must be gradually extended among the hnese
fair and honorable terms and that any ATTEMPT to ne
gociae for privileges and favors from that government
viii not prove successful The only outlet for the i'm
mense and rapidly increasing production Of cotton in the
Uni cd States that we have for time past believed
would be sufficient to enable TO use I'M
the raw material. rapidly produced has been de-
mand from the Fast indies This demand having proved
much less than anticipated conceive what dis
posa be made of the material SO as to
prices reaching lower level than they ever have vet
from existing indications should Judge tie crop now
coming to market would be several hundred thousand
bales larger than any previous crop Notwithstanding
the droughts freshea &c. the additional extent Of soil
put under cultivation last spring for this CROP su
cent to Offset any very serious damages that may have
been suffered in many sections. In many seasons past
speculstons have from time time increased the prices
and favoraby Influenced the average the year but
have at present evidence that the slightest
viii affect the yield from the crop. The production
has reached point which cannot be controlled
When the United States Bank was in the market as a
Spectator in the article the crops very small COM
pared with those of the day. and course the
quantity to control less In 1885, the crop was onlv
1851 900 bales in 1886 42s 900 bales in 1887 1901 OoO
whereas the crops of years have been immense
In ls42 the yield was 2s70000 bales nearly double the
quantity produced in 1885 in s4s the yield was 2Oo5 600
bales and we should judge the crop of 1874 would not
fall far short Of 500 600 bale and is possible it may
exceed that We by these returns the utter
silty Of monopozins controlling sufficient quantity
govern the market and advance prices We have no
banking institutions OF capitals credits sufficient to
forward and control tbs crop There is too great
dsrb ltion Of capital to perfect any combination lar
enough to create much speculation.