Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1845-09-13

WE nave EHGBAVDd tHB lOiFDW iUI annual
circular from the house of WIN. Davidson L.
Co, New Orleans and give it an insertion
persuaded that tho statistical facts therein
contained will not he unlnteresting to oar
readers. Particular attention is requested 10
he statement Of Tue CONSUMPTION Of the STA
pie in Europe, and particularly at hon1e
where the increased demand will prove highly
beneficial to the planter
o. NEw ORLEANS, September !, 1916,
DEAR SIR -
In conformity with our annual custom, we
avail Of the commencement Of another COM
mereiaI year 10 submit to our friends A few re-
marks on the probable course If our cotton
market during the approaching business sea-
son, which, at this time, may be Of some i'll
terest.
The amount Of the last crop Of cotton 10 as
c~ertained 10 have been, in round numbers,
2.4O0,OOO bales an excess Of 100000 bales
over that Of 1913; yet, notw outstanding this
immense production, we find by late ad-
vices, that the combined stocks in the leading
markets of Europe, we're but a triAe more
than at the same period last year and, on
this side, nearly the whole Of the old croD ID
already disposed of. From this port, at which
the receipts for the year just determined have
been 97D,23S bales, The shipments have ex-
ceeded the Imports our closing stock being
$500 bales less than existed on the opening
Of the season. The extension given TO the
cultivation Of cotton iii this country, IL 10
therefore proven, has not been more than the
present consumption of the staple i~ustifies,
and which bids fair 10 increase in a far great
er ratio than it has hitherto done, Judging
from the unparalleled activity that q
throughout the manufacturing districts of our
Northern and Middle States, and throughout
those Of Europe generally, and the large and
profitable investments continually making in
the erection of new mills in both countries.
ir Liverpool alone, the actual deliveries Of
cotton 10 the trade have increased, since the
beginning of the year, 5000 bales per week I;
and the supply required for our domestic
manufactures, it is gratifying to observe, has
risen from BAG. 744 bales, in 1874, to about
100000 bales and by the close of the CON-
ing season, will, in all probability, have reach
ed nearly 100000 bales a quantity about
| equal to one-fourth Of our entire production.
This fact is Of the utmost Importance IN a
double point OF view, as not only will the ex-
lstence Of an extensive home demand for cot
ton absorb very large portion of our crop,
but it will tend materially to relieve our mar
kets on this side, from that dependence upon
foreign buyers, which, from their almost ex-
elusive control, based upon combinations a.
mongst Themselves, and upon the magnitude
of their purchases as compared with those
for our nome manufactures, they have hither-
to been enabled, to the evident prejudice Of
the planter, TO maintain 50 successfully. Ad-
hitting, therefore, that the present crop will
be az large as the last, which however is by
no means probable, such an immense supply
of the raw material will be needed, to meet
the rapidly increasing demand for cotton
goods which is springing up in all parts of the
world, that no apprehension, we think, can be
entertained Of any material reduction. from
the rates now current on the contrary, eve
ny circumstance induces a belief that prices
have been at their lowest, and that hencefor-
ward the value Of cotton, from year to year,
will continue gradually TO improve. The ef-
fects of this encouraging position of our great
staple, are becoming daily apparent in the
confidence that ls expressed by all classes OF
cur mercantile community, that the coming
season will be one of unusual activity, and
that a good and healthy business will result
from the impulse arising from a well-based
and natural improvement in it's current value,
the medium by which every branch of the
commerce Of our city is SO immediately resu-
lated.
All cotton consigned to our address will be
covered, as usual, by our open policies of in.
s%urance, River and Fire." unless special
instructions be given 70 The contrary aid re,
peating the assurance that the business en-.
trusted to lis will continue 10 have our most
prompt attention.
We are, Respectfully.
Your obdt. servt.