The Port Gibson herald, and correspondent., 1850-12-06
From the N. O. Crescent.
THE COTTON CROP.

from me ~. ". CfeSCeTt.s
THE COTTON CROP.
We present to our readers an article from the
New York Herald, which is worthy of the atten-
ton of our planting friends.
As has been stated in our previous articles in
regard to the cotton crop, the whole force being
engaged in picking, for which they have the
finest weather, and the prices being so much
above the average of many years past. cotton is
rapidly sent forward by the planters, and our
market so oyerstocked as to give purchasers an
undue control.
| Our advces and information from the country
are more and more decisive as to a uery short
| yield. and we very much doubt if the crop can
exceed two millions, with many chances of fall
fng below that quantity. We again have to
state that the bales continue very light, on which
account the deficiency in weight must be very
great compared with last crop:
| In continuation Of our remarks relative to the
importance of Outstanding the supply of cotton
/ grown this season, we think it would be well TO
! bring under the notice of our planting friends
| some deductions drawn from the able circulars
| of Du Fay g. Co., of Manchester, the leading
| advocates and great exponents OF the spinning
| interest of Great Britain, as they corroborate
the position we assumed that the American plan
ters can this year dictate their own terms TO the
spinners Of yarn, and it will be their own fault
entirely if they lose the entrenched position In
which they now stand. The stocks OF raw ma
terial now only exist abroad in their seaports-
the interior is bare. Manufacturers are under
contract, in Great Britain, for two months on all
kinds of goods, and many for three and four
months. There is no prospect of limit TO or
ders ahead, at present, as the people OF Europe
Eve mean the masses, who are the great consul
mers.) never were SO prosperous and under such
full employment, at high wages, as at this time.
The deductions we alude to are three in NUM-
Der, viz:
lst The supply of United States cotton has
fallen off by about 100000 bales, but the detl-
cheney has been so far compensated by increased
imports from other countries as to reduce i to
about 0000 bales in the aggregate. I'd. The
deliveries of United States cotton for consump-
ton have decreased by about 100000 bales, but
those of other descriptions have increased sutfl'
ciently to reduce the aggregate deficiency to
about 100 600 bales only. Sd. The stocks gen,
orally are reduced ostensibly by about 10000
bales only; we say ostensbly for the reduction
must be larger in reality. The stocks returned
in the continental reports do not generally com
prise those which are held in second l. e. specu
atofs' and dealers hands, these stocks, wher
prices are moderate, and when, as was the case
last year at this time, favorable opinion is en-
tertained, Of the article, are comparatively large
but now it may be fairly assumed that suct
. stocks are all but exhausted. Our splnners
must also, have had very moderate stocks on the
first October. for they had purchased only at tne
> rate of about % 300 bales per week Tor the lei
weeks preceding the date, and no reduction IN
the quantity consumed by them had taken place
2 except that some OK them had changed from spin
: ming low numbers Of yarn to finer numbers
Almost all the mills have been in constant oper
alton, and several large new ones have been ad
aed in the course of the year.
. I'VE think 1t may be assumed from the lore
going that the quantity of cotton delivered during
: the first nine months OF the year fairly repre-
sents the quantity converted into yarn and into
e goods: and if SO, we should have the following
i rate per week, viz: Of 33 l50 bales United State;
}. 1862 bales Brazil, 720 bales West Indies
T. 5,795 bales East Indies, 4,4l0 bales Egypt, tota
u 48,767 bales If We had $4,000 bales for wha
has been consumed of the direct import int
!; Russia, Spain, and Genoa, we have weekly
= aggregate for Europe of $4,000 bales, equal t
= 2,5l 5000 bales per annum. The consumptoI
I Of the United States having been 4s8,OOO baies
the grand total would amount, as nearly as pos
. sible, TO 100000 bales per annum.
II sin the places of production (of manufactures
we hear, as yet, Of no accumulation either o
u goods or of yarns; but it must be confessed tina
several transatlantic markets in North an
q South America, Calcutta, and China, arc repre-
d sented as fairly stocked
These remarks are important now, as Englis
e agents are s@arming back by every steame
D from Liverpool, with their breeches pockets cram
med full of orders, and are busy telegraphln
. from every place at which they stop to breakfas
- or dine for fifteen minutes, on their routes
their Southern posts, that there been no t.os
~ the fields are full of flowers the yield enormous
= and several fellow passengers had died OF su
stroke, etc.
e The trne policy Of planters is simply aastel
l1 inactiUitg Don't forward bale to the por
% that can be avoided, as once there, the Englis
/, barpies consider it their own, as much as If
ae were on the railroad from Liverpoolt to Manche
AZ ter. When the true position OF this crop
known IN Europe, prices win take rapid a
en cent, and we look for ta0enty cents per pound
&C be paid for fair qualities 0: New Orleans cottC
" before the first of May next. For two montl
!. to come, English agents will be forwarding fro
~. nc this side, large estimates of the production,
q scare of competition in their purchases, and
~ lower the Liverpool market, and thus act on P
~ ces South. Every engine will be brought 10
ne play. Americans who will consentto aid in Il
ne business will have their travelling expenses pa
CO. and an allowance contributed for losses by W
.e' placed bets, as was the case the last summer.
Il From The Louisiana Republican.
'en Northern Feeling.
!. | II.or. tho faitbfrI oxnnnfinn lf the fnnifi