The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-07-26
'fhe Cotton trade.

From the London News, July J..
To these who recollect that onehaH lin value) the
whole of last years exports consisted Of cotton srtis
cles It will not be surprising that we recur on every
occasion to the prospects Of the cotton manuao
under the influence of deficient supply of mate
rial The estimates from America Of the last crop
continue constant at 100000 bales The expectation
for time cherished that the deficit (about 10000
baes might be lessened by increased shipments from
with whish this state Of asrs is in tSs
manufacturing districts, will be imagined when we men
on that wns the Rrrs' % nryaa
about this time last the prices OF tho different
Titles Of Upland fair cotton nave increased within that
time 331, l6 ala, aud much II 81 per cent.
The consequences has been, that the consumption OF
cotton in the first five months Of the present year has
decreased to the extent OF nearly 100000 bales To e
feet this decrease H. l67 workpeope had been thrown
entirely out Of and 6o2s set to work short
tnc at the end of May. Matters have rather mended
that time but the recent reports show that
the end of June there still s67l entirely
employed and 5o2l only partially employed b.
the first six months Of the present year is 6l5s61 lbs
falling OIL la plain calicoes is 23,3372l5 yards-com
pensated to considerable extent by an increase
the export of dyed and printed calcoes, to the
amount of 1901, sos yards The decrease In the
portation OF cotton Is chiefly owing to falling
off in shipments to Hamburg (of about eleven and
quarter million bs to Russia (about two pon lbs) and
Sicily and Sardinia, to about three million bs) The
augmentation in exports of dyed and printed eottons
10 owing exclusively to increase OF l2a millions of
yards in shipments for the United States of
millions of yards in our shipments to Brazil 1t may
also be- remarked that there would have been much
greater falling oil in our exports of PLAIN calcoe but for
the ncreased shipments to the same countries The
quantity of plain cacoes shipped for the United States
in the first six months Of 1916, 6ll3023 yards in
the first six months Of lSi7 IL IS 1885, the
shipped for Brazil and other ports Of South America in
the rst six months of S6 30 e5 632 yards; in the
trst six months OF l3l7, it was AZ, ls4,67s.
During the last month there has been rather de-
maad for yarns from Russia and Germany particularly
the former But the high price of the material
threatens TO put speedy check to this revival it has
prevented the spnners deriving any advantage from it,
And the may interfere to limit the extension
which taking place In our transactions with the mi
ted States and Brazil 1t is however, obviously to
increased dealings with these countries that
mainly to look for compensation for reduced trans
actions with Germany. The falling of in exports of
yarns to Germany (more than two thirds Of the whole
decrease cannot be materially checked until the legsa
tors of the Xolverein have been brought entertain
sounder views cf commercial policy But long the
United States have breadstus and cotton, long may
our trade with them go expanding; and to mpart
indefinite extension trade with Brazil nothing is
required but to place the Brazans respect of
merca intercourse, the footing of the favored
nation. .af
1t ought also to be remarked respect of Brazil that
there the chance OF marked and speedy increase in
their exports greater than any other
country And increased supply and diminished price
of this article is necessary condition continued
increase of exports Indeed the most urgent
considerations with cotton
ought to be how they most speedily surely pro-
mote an increased production and export of cotton in
various countries Much may be done by
cordial feeling in Brazil towards Great Britain; much
my be done by Investing money in the construction
railways between Bombay and the cotton growing dis
tricts something, too may be accomplished in Haiti
aud to judge by the statements in Mr. Jamesons pam
phet, (which noticed Thursday, supply may b,
drawn, at no distant date, from the Niger. 81