The Mississippi Creole. [volume] (Canton, Miss.) 1841-1851, 1847-03-06

100000

From the above table it appears that, assum-
inc first. that the crop in the United States will
be 100000 bales, second, that the crop OF
l847 will be sufficiently early to allow OF 90
600 bales being received here in the latter part
Of that year--third, that the imports from the
East Indies in l847 will be double that OF l846
fourth, that the import from other parts will
be the same-and, fl h, that the consumption
should be equal to the average Of the three
last years, the stock on hand in the kingdom
at the end Of this year, would be reduced to
qlOOOO bales, or about seven weeks average
consumption Of The last three years But II IS
obvious that such a reduction Of stock will
never be permitted to occur, and that It VIII be
prevented by one Of two things-hrsl, by an
immediate reduction Of consumption, induced
by the disparity between the cost Of the raw
material and the manufactured article; or. Sc
cond. by such further immediate rise in price
Of the raw n ateriaI as shall. BY aggravating
that disparity. necessitate and force ultimately
a greatly diminished production Of Cotton lab
RIGS.
That a reduction in consumption, and very
large one. must soon occur, we cannot permit
ourselves to doubt. lsl,-Because the trade o.
the manufacturer is unremuneratlng, and, con
sidering the stock Of Cotton on hand and thu
prospect of supply, prices Of the raw matetla
: are not likoly to recede. 2d|-Becanse ta'
80.
quantity OF food grownin Europe is inadequate
, for the support Of the people, and that the con
, seonent enhancement OF It's cost reduces thei
means Of purch sing articles Of clolhing. 81
because consumption has been Unfortunately
stimulated Of late years by the great cheap
nesso of Cotton. 4~th.-Because manufacturer
: of small means will be forced 70 abandon IN
-trade from the losses to which. they will b
. subjected, until the balance OF supply and cor
sumption has been duly adjns ed. 5lh.-B'
i cause the stacks OF Yarpsand Geods, both
e The manufacturing districts and 10 iorelg
d markets, has been long accumulatlng, and
a sufficient for the sup ly for some time TO COM
# We may, therefore, consider reduced COZ
ie sumpl on as a certainly, but the extent OF q
IS reduction, and the period of its becoming OPP
raliye On prices, time alone can drveiope :
Meanwhile, other influences may be brongl
II 10 hear on the value Of the staple, further e
bancement ma, be prevented by q slrlnseI
money market, owing to railway calls and az
verse exchanges;-a favorable planting seaso
II in America giving promise Of abundant ere
h l847, and many minor considerations whit
n will occur to the minds Of those converse
with the subject; but, on the other han
I. should the American crop Of l847 present
unfavorable prospect, 81 reduce is the stp'
IL throughout the wo Id, and SO vast lis reqnir
+ ments, that it is impossible TO form a COME
III ture as to the range which prices might altal
s. In the above we have endeavOred clay ,
q fore you succinctly and clearly the facts
il the past, the present, and the future (as Tar
e. the future can be gathered from our present
ID formation.) The innumerable contingencl
which may influence the value Of the staE
Ill forbid Us to indulge il predictions, and we co
b slider our daty performed when we supply 9
al friends with data on which 10 form an opini
oil for thelnsel' &c.
bs aThank You, / can't stay,n as aha aatl y
ID il tie Gun aVery woll, said Tie gun
~..L i; noy.aea. 90 I am easnr ~ 81