Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1850-09-13

means they have to make North Carolina one of the
first States in the Union in wealth and in enterprise
awe have good soil, pleasant and varied eli
mate-and why may not our citizens expend their
means and put forth their energies to improve the
advantages we have, and to develop the latent re
sources with which we have been richly blessed 2?
From the Philadelphia Inquirer.
The Cotton Trnde-The Profits of Manufact urlng.
Cotton, its growth, consumption, and manufacture
continue to be the topics of interest in the CONNER
cial circles and especially among the manufacturers
of the North and the growers of the South. The
opinion is still nculcated by several of the leading
Southern journals that the crop this year will fall
short, and that of consequence there will be no
material decline in prices writer in the Mer-
chants Magazine, says that the of the recent
advance plain and evident, and he specifies them
thus:
The pacifcation of Europe;
The revival of business in France;
The large consumption
The small stocks;
The discouraging prospects of the crop.
After the largest production ever before known,
see according to the best information, that the
stocks hand lower than they at the be-
ginning of the year with decrease on the amount
produced below the wants of the manufacturer, pri
necessarily arise above the average, until the
high rate of the material lessons the consump-
ton, and brings the demand within the supply. In
considering, therefore, the probable supply and de-
mand for the present year. the calculations must be
based upon high prices This will increase the ship
ments from India, and, by encouraging late picking,
increase the production of the United States 1t WILL
at the time, discourage consumption, general
ly, and especially in England. Already have the
spinners at Manchester commenced working short
time and this is not to be regarded a combination
to prevent the rise in prices but the necessary con-
sequence of short crop. diminished supply OF cot
ton causes an advance in the price, and diminished
consumption is indispensably necessary to bring up
the price of the manufactured article. In this way
the equilibrium between demand and supply is es-
| tohl cho5 md TOPion no Il.
ther the supply or the demand can be properly est-
mated.
He then proceeds to analyze the crop far pos
sible. The whole consumption in Great Britain OF
1848, was AGA, 900 bales and in 1915, it was l.
$4,000. For the present year, it will probably
reach 100000 bales but for 1850 it cannot safely
be estimated at higher than l,45O,OOO.
In France, the consumption is now largely in ad-
of last year. and up to the lst of August it
ceeded the amounts of 1915 and 1916. The increas-
ed stability of Louis Napoeons government, for the
last half OF the present year. promises that this ex-
cess will be maintained, and that the close of the
year will witness the largest delivery of American
cotton ever made The whole amount of American
cotton consumed in France was $4,000 bales in
1915, and $4,000 in 1913 For 1849, it will proba-
bly, reach 100000 bales; and, unless political trou-
bles, not foreseen, should the prospects of
trade, the high price of cotton will not bring the de-
mand of 1850 below $50, 900 bales.
On other parts of the continent, besides France,
the consumption of cotton has been regularly in
creasing. The average demand for the last five
years, has been 442 900 bales and this period in
cludes the disastrous harvest of 1847 and the
lutonary excitement of 1849 and 1849. The demand
for 1850 cannot fall low this average 1t will
be almost certain to exceed 100000 bales, even il
the present advance in prices is sustained.
We have thus total demand of 100000 bales,
which exceeds the supply 100000 bales. AS the
stocks lower in January last than they had been
for the last ten years, and as they are now lower
than they year ago, this deficiency of the sup
This advance must be maintained unless the late
ness of the frost should carry up the United States
crop above 225O000 bales, unless serious politi
cal troubles should arise in Europe, to darken the
prospects of business. Some tables appended
from which gather the following facts:
!
Crops of the United States bales 1923 000 250 00(
English import from East Indies,
about. Observation-Disclosures: Isl, OoO... 0OO(
English import from all other
places, about .............. 22O, OOO... 100000