The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-03-25

Accordng this the receipts have been within 80 ls
bales large for the corresponding period the pre-
vious year. exports this season. far, 1872 27
bales less tina and the stock tand at the latest
dates bales larger than at the same dates in 1916
It will therefore be that there has not up to this
time, been any very extraordinary difference In the
movements of this staple, compared with those for the
corresponding period in last years but 1t must be borne
in mind that only six months of this commercial year
have passed. and that than three fourhs of the &C.
gregste CROP according to the best estimates have been
received and that all the movements in this staple for
the remainder Of the year. will be very limited compar
cd with those already made.
Prices must soon feel tho influences Of reduced receipts
and the effect of falling of in the exports must
show itself In the European markets What have here
ofore been considered rumors and speculative
ports will become stern reality; manufacturers and
spectators the other side have not yet realised the
deficiency in the supply Of the raw material. which
actually exists. Until they begin to feel that
there Is foundation for all the reports which have reach
ed them, prices cannot improve much; but the time il
not far distant when they will get their open hold
ers on this side afford to watt the advance must
be ultimately very great
The deficiency In the supply of cotton win not, in our
opinon cease with the close Of this season. in the
event of the seed going into the ground producing
more than an average crop Should the receipts this
season. equal te most liberal estimate, and the aggre
gate consumption In the world for the next six months
DO equal that Of the six months just past the whole
supply must DO completely used up stock receipts and
all In this case there will be nothing to fall back on,
and would require several very large crops to get up
the to q s.fs point. The consumption of cot.
ton increasing with greater rspdity in this country
than even those engaged In the business imagine and
the quantity required in the Of another year
two to satisfy the home demand will be great that
must exert very great influence upon prices both in
the United States and in Great Britain We have M
doubt but that the consumption Of cotton In this country
will In lsss be equal to seven hundred thousand bales
about ene.third Of the entire crop The consumption
in Great Britain II equal to about twothirds Of the
crop of this country and the increase in Europe keeps
pace with that of the United States it will be pretty
dinicult to tell where the supply can be obtained
The production Of the world will not suffice for
the consumption and the manufacturers of those
tries supplying foreign markets must feel the effects o.
a short supply more than those whose fabrics
sumed at home short supply Of cotton must fall
nurousy upon the manufacturers Of Great Britain thar
upon those of this country provide ourselves
first and moro easily with the raw material
The production of cotton in the United States has nearly
reached is maximum increase; say nearly by which
that the crop cannot increase for ten years Il
come the per cent established by the production ofhs
years past There have been, within the past years
many cotton plantations converted into sugar planta
TONS and many other plantations larger quantities Of
grain have been grown an usual in the place Of
ton. All those movements tend to reduction in the
supply Of cotton in the most favorable seasons
ID our Impression that the annual per cent increase the
growth Of cotton In the United States during the past ter
years. will not average much the annual per CEN
increase In the consumption for the period In the
country.
The annexed statement exhibits the condition Of the
Merchants and Mechanics Bank Of Wheeling Va, on
the 18th Of January, ls<7 -
n