The New York herald., 1845-07-30

ped this year than before but prices have been
much reduced that there has not been proportionae
value The production Of cotton, tobacco, provisions,
SC in the United States has become much larger than
the home demand for consumption and the surplus
much larger than the foreign demand that prices have
and must continue to rule very low, that expora
ton of these staples may increase rapidly in quantity
without their being corresponding increase in vaueso
far the production and consumption of cotton
cerned they will regulate themselves In favorable
the production has invariably exceeded the con
sumption and will continue to for years. but the time
not far dstant when the consumption will crowd close
upon the production that unfavorable will Sc.
rously affect the manufacturer and the manufacturers
OF Europe will be the principal sufferers. Having the
raw material at their DOORS domestic manufacturers
will be first served and there should be short supply
the foreign manufacturers will feel the most The
nexaton OF Texas, and the addition to our country of
thousands upon thousands acres of land peculiarly
adapted to the cultivation Of cotton the
production of the material very much but the in
crease OF manufactures all parts of the world is
pd that corresponding increase in the production is re-
quIed to supply the demand The consumption Of cot
ton in Great Britain in ls46, providing moth
ing happens to disturb the peaceful relations
existing between all nations, will be about
sixteen hundred thousand bales, the consump-
ton of the United States full hundred and fifty
Is,
about seven hundred and fifty thousand bales, making
total of three millions hundred thousand bales The
estimate we have formed of the consumption Of in
the United States for 1886, will not appear all exagge
rated when take into consideration the extension Of
cotton manufactures in all parts of the country Ac
cording to official returns the consumption Of cotton in
this country in 1884, reached 346744 bales We should
allow for at least sixty thousand bales more taken by
factories in the vicinity of plantations Of which
turns made, which would swell the actual con-
sumption to at least four hundred thousand bales for that
year This year the increase will be much less than
fifty per cent but will put it down at one hundred
and fifty per cent, making the consumption about five
hundred and fifty thousand bales calculating about the
increase from ls45 to Is46 from 1914 to s45 and
the consumption in ls46 will fall much short Of seven
hundred and fifty thousand bales. The consumption put
down for Great Britain is without doubt much less than
the amount that will be actually used but leave
the quantity stated to reduce any estimate made
others The crop about all in will be full twenty
sur hundred thousand bales included receipts from
Texas This supply with the stock hand the close
of last and the supply from other sources has given
about thirty -four hundred thousand bales out of which
the consumption will take about two millions seven hun.
dred thousand bales leaving stock hand on the first
of September 1885, of seven hundred thousand bales
with which crop of twenty -four hundred thousand
bales will be required to supply the demand for consump
tion without having single bale of stock hand at the
close of the year.
The finances OF Mississippi appear sbe gradually but
steadily improving The outstanding auditors warrants
have been reduced aud the liabilities of the State to
large amospt have been liqudated.
FINANCES MISSISSIPPI
Auditors warrants outstanding January Isl, t,lS43,
ana FUNDED scrip. S6l5,049
Warrants issued from January l, 1914, to June
30, ls45. =. 36s $50
Total. $3.50, ,s34
Warrants redeemed from jan !, 1874, to June
80, 1915. ............... SOL ,6l3
S292,22l
Cash on hand June 30 1885. ...... l,O9S
Due by the State JAN 80, ls45 .......... $29l 1913
The above statement shows reduction Of the States
liabilities for the term Of eighteen months of the sum of
s6927ll. At this rate Mississippi will emerge from
the insolvency the State finances now labor under