Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1847-05-28
The Cotton Crop of rsa7.

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| 10 AZ Edfsrs sf hs HA,s
ME-sRs EprroRs-Belevng that you n, al time. desire
to be in possession OF information beneficial 10 yout
use this idle day in writing TO Won in relation 10 the
prospect OF the planted and planting erop of cotton in this
region and as lar as have reliable through
OUT 'he states also, few remarks in
ation to Tue anticipated destitute situation Tin short tme)
OF the sPinners OF cotton both Europe and the u Saes
| This letter you may use as you think proper.
would be useless for try 10 induce any person 10
believe that the prospect tor crop in lSl7
half bad as actually except those that had seen aud
heard much as have therefore will merely say that
am well acquainted aud perfectly familiar with The growth
OF that staple by dealing trade closely with
s value Tor tho last wears and for The last ten
years have come pretty close my estimates at this sea-
son OF the year, To the probable crop year
cd IN 1876 farther than in either OF the ptecedn wears
Twelve months ago, elt that the crop OF 1916
would be from sooOooO to 100000 bags: Ger
tain that the crop OF 1916 will not exceed 5000 TO
lsOooOO bSg' with considerable falling of in the aggre-
gate weight o the bags compared W. those of
ms considerable falling OIL from my estimate last season.
was caused by the attack OF and insects
estimate OF the crop Of 1916 had been made and n the
same disaster take place this season. crop Of lSl7 will
be mere eypher The crop OF ls47 from present pros
pccts exceed 1900 900 to 200 900 bags lei cir
cumstances be as favorable they can from now unit,
the end OF the season; for, strange it may appear il
fact that ON many FARMS in Georgia Alabama South
Carolina and North Carolina the cotton crop is nor ND and
much coming up, and pouchinc up and planting
fresh seed aud that already up which has been up
some to weeks. looks less, and grow smaller
much Of IL perfectly lousy, with sore shns r,sebn
dn,d cracklin, and dying from tho cold weather
n fair
prospect OF crop, should the Southern pspers
great deal OF the blooming OF bols. You need not
look out Tor much blooming before July even in the most
forward portions OF the eotongrowins this be
fact, what IL the prospect ahead Of We cannot dis
with the staple any great extent What
the capitalists OF the United States thinking Oft Ii can't
be- certainly OF the interest of the European cotton con-
sumers. What the American spinners thinking Of
IL can't be their interest," that the small stock of the raw
material should Europe much less prices than they
will be able purchase crop of lS47 at IL certainly
axvill
in working short time and stopping their mills much lon
much against their and that Of their labor
How is possible for Europe get back the immense
sum OF money she has paid out for breadsu except by
following the policy OF the spnners OF the United States
that Is TO Keep spindle racing with each olhori-And
while Europe Is clubbing about breadus and price
OF cotton, their rivals this side of the Atlantic are get,
ting ready supply the greatly increased demand for the
fabrics which the spinners of Europe daily losing by
keeping their spndes idle In opinion there has been
recently complaint about the scarcity of in
Europe than the facts justify; and that the object OF il has
been merely 10 keep cotton down from actual Value
Inc great bugoea the drain OF bullion from the Bank
England-the scarcity OF money aud the fear Of money
panic, cannot be considered by the knowing ones as
OF much consequence sterling bills have gone up and
likely go higher and must, my opinion finally re-
eve the Bank OF England far, least il is affected
by the drain OF her bullion by the of tho u States
Messrs. Editors will only ask you remember what
the stock OF cotton the let OF September 1913 and
what the crop that year. and the consumption ending
that and what the stock the Let day of Sep
TENDER, o44, and what the crop Of ls44-also the
consumption up Sept lSi5 Compare the crop of ls4I
with the crops of S45 and 1886 the prospect of crop
al this time IN lS47, and compare the yearly consumption
from the LIST Of September 1884, this time and IL won't
take Solomon that the stock Of cotton cannot hold
with the consumption the demand Tor the abrics-
IL not necessary for the crops stocks and
consumption, from year, for say more than
that the great falling off in consumption from 1887 TO ls43
caused increase in the stock OF cotton (which
stock, from that diminished entirely before the
expiration Of the year 1916 and oil that the crops of 1876
and lsiI has and fall short OF average crops for the
consumption OF those two years will prove be the def
stock for the manufactures of cotton both in Europe
and the United States. Those who feel an interest NAV
make their own calculations from the yearly statistics OF
crops, stocks and consumption.
You must remember that the crop OF 1916 will be cons
deraby less than the crop OF S45 shorter Than the
number OF bags each year would 10 indicate for in
lei5 the bags fell short the Caolinas aud Georea and
in 1916 the falling of is in Mobile and N Orleans where
the bags are much heavier Than in North and South Carroll
and Georgia Ths IN point OF weight is equal TO At
least hundred and twenty thousand BAGS of the
average weight Of cotton bags the United States and
Will, IN fact bring the crop Of 1916 as low in point Of
weight, l675O0O 10 100000 bags of the average
weight.
will not your patience by making further re-
marks at present; you may near from again in Il few
days. With esteem, | am yours
A TRAVELLER IN THE SOUTH.