Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1846-08-29

YHE COTTON CROP AND MARKET.

YHE COTTON CROP AND MARKET
We find he (oliowing statements in the Circylsr,
addressed V the Cotton Planters, dated July 20, OF
a very intelligent merchant Of Mobile who appears
to have paid very particular and close attention TO
the subject. He states that the present depressed
price Of COTTON does not yield prcht OF Two per
cent. upon the capital employed in its production.
With refarence 10 the prospect OF the growing
crop, consumption, demand. &c. the writer submits
the following fscts: W
Atlantic sste and Comparative value Of -four cotton,
caused much larger quantity Of land be put down in
grain than b. been customary.
3D. have observed that the emigration from this and the
Atlantis States TEXAS and the West through this city, has
been and cediby informed that the numbers
who have passed the upper have been still greater
3d. have asceained that the decrease Of planted
where sugar the crop in Louisiana is fully 100000
bales this and will still on to take the place of
cotton. &
4h In addition 10 these saring facts am sorry to add
that from every part Of the cotton region, have accounts
respecting the planting time and prospects Of the weed be-
ing bad II mot than has been experienced BY the
planter Repanng. bad stands, cold and springs
flows, &C., each have prevailed less every
where and The appearance Of the bloom in this State
about the 18th June shout four weeks later than the appear
Of blooms in 1872 when the yield 400 bales
To support these four points by argument scarcely deem
necessary every ia this country will at once, if he is
acquainted with the fact admit their nationality. The
first ali know the second many have heard Of and those who
do not readily account for have simply be reminded
the annexation Of Texas The United States and the failing
Of their old seemens Or lands invited this excessive tide
The third was fact informed Of by very able report
Of the Chamber Of Commerce New Orleans, reply
tenogaoes from Mr. Walker, Secretary Of the Treasury,
having reference 10 the change Of the tariff.
He then adds ~
In the further confederation Of this subject must be borne
in mind that he cotton lands of this country all
opened very nearly that hse Indian lands get
and that ths country has already done its best Any
lands that may b brought in will offset the deterioration
going with hose which have been for years in
cultivation Besides, many other interests sprngng up
in the region such the establishment Of and
other factories extending sir wheat and other grain crops
throughout &C. Even this time the weather very bad
for cottonainns cold &C. Should there be favor
able change does not appear to probable with all the
considerations presented, the crop will exceed O00 600
bales Should there be frost till unusually late, the fall
very and dry this might be somewhat added 10; but
the other hand should not have just such weather
suits, from out will fall below il, and possibly very
much.
may here remark respecting the crop of Texas that in
1874 only amounted 70 49, 1914 baesths being the
Der Of blos received 10 Euope and in ls45 think has
ALLEN shest n that Fo several years the demand
there far Ma.uS and provisions will prevent their giving
attention p eoa and that portion Of it in which would
be proab1s crop ad - be admirably adapted sugars
and. th sjole ppdy increasing in consumption, and
win continue % - IL proportion to its yield and easness Of
culture much profitable crop than cotton, have
lsdr coEppsf6p from there Of any As
evidence II favor q gaF, win mention that commission
1nevrhanG - - Of that article from
Atnkso>r IN a cRe = ~ cuu&omsrs wiGh four hands
ma3s etn& r heguhssds q sugar and snosher,
WiaA g. pman1s af hundred and GAy and
the molasss Of ssch would about pay, remsmbss
recly, padea sxpsnss each hogshsad averaging over
II fae y ~ supty n cotton from other countless
may quoee Hon IL circular Of experienced cottonhouss
in Ivpoo q December 81 last, this " From both Brazil
and Egypt lock lar Diminished supply, and
at ali events dom 1ada.r Up LIST June the falling
Of Of Imports from hess counties about fifteen per
in Liverpool sd use be- been gradual falling off Of i'm
ports and S6sts IN consumption Of from the
Indies de - ~ oor years. indicating think, that the
Euppsan giving up die of article which stigma
txss thsir < "a foreign markets wanting in the strength
and dursbiity o. ths American manufacture
The Of Britain in is45, was $50, 600 bales
Do UnitefStates. 100000 do