The southern press. [volume] (Washington [D.C.]) 1850-1852, 1850-09-17

Ut
crease, Il is not likely to under his successor.
The climate and its peculiariies are against it.
From the East Indies we have the authority OF
the best Southern planters who could be procured
by the English East India Company TO go there
to teach the natives to it, that il is out of the
question to do SO proftaby---the periodical rains
ana succeeding excessive drought totally forbid
ding it.t f{ ',ts
. The tables show decrease of 30 per cent on the
last hve years supply from those countries, on that
OF the first ive-which is an important criterion
as to the probability Of that supply Having ex-
ahmed the impregnable position occupied by the
cotton planter, exhibited in the tables to lS49
Will now glance at the business Of the year lS49-
so, just closing. ~ m m
The crop Of the past year received into the
ports, in 1919 and 80, will reach about 2 O9O OOO
and has been sold for about SIO7 900 600 The crop
Of l646 was 2,729 600 bales, and sold for about
$77,0Oo0 900. The receipts at Mobile for 1848-' .,
were 5I9 ,00O bales, Inclusive of 5000 bales
shipped direct to New Orleans, sold for
$3.50, ZOO. The past crop was 35l 900 bales,
Inclusive Of 1880 shipped direct to New
Orleans,) and sold for over 500, 000, 900. The
prices have been toerably regular, but it is evil
dent from the exhibit Of the annexed tables that
they did not quite average all they should have,
which was the result Of over-estmates, and great
management on the other side The average at
this port has been / Ia cents per pound. The con-
sumption in the United States has been large in
proportion TO the crop, about equalling last years.
The consumption in Great Britain continues
large, no reports of stopping machinery or work
ing short time. In France, order is entirely re-
stored, and trade and commerce are gaopng
along merriy. Consumption will be likely to in
crease there largely, and it is most likely to do so
on the Continent. 1850
The reported deliveries at Liverpool are some 8
per cent less than to the same time last year. but
it is not likely they will consume less than that
ratio--thus under any view taken, the stocks LIST
January, in Europe, must be reduced to an alarm
ingly small point. Trade every where is carried
on upon an unusually substantial bass--it is eve-
ry where active, stocks of goods moderate, and
stocks of Cotton every where nearly exhausted.
] will now take view Of the prospects of sup
ply for the next business year, and of prices.
The crop of this country determines the ques-
ton, and so important is it, that although have
felt 1t my duty for many years to anticipate it's
probable extent, do so now more than ever with
a desire 10 be cautious, as shall be candid. |
have seen estimates already low, and high ,800,-
600 to 100000. The whole season from LIST
March to LIST July was unpropitioua. A killing
frost 81 March, with cold and wet. The stands
were bad, the weed sckly-replanting continued
in places till in June The bottom lands of the
Mississippi waters inundated too late to plant
The blooms appearing later than ever before
known, about 18th June and LIST Juy---the whole
season s working of Cotton and Corn thrown to-
gether The rains of the latter part of June and
early part of July, started the weed off to grow.
| ing. A general drought of five TO six weeks fol
lowed. The worm is reported in some localities
Early cotton doing well, late nothing. Prospects
on the richest lands better proportonably than
on the sandy. Such is this general report Of the
condition of the crop.
Refer to the tables below. and let us look
to the two crop years Of IS45, received into
the ports i'm 1916 '46, which was 2, l0l ,000-and
that of l847, received in 1847-4S, which reached
2,348, 900 bales. The Of both those years
and this far, are very nearly parallel, with THU
difference with regard to the latter yearayou per
ceive the receipts at New Orleans for 1878 wer
1 ,l9l 900 bales. In that section, they that year
had no overhows, and the drought which runet
the Atlantic crop, and much injured the Alabama
was too late to hurt theirs, and they made tn
largest crop they ever have. But this year thei
crop is very poor to this time, and a careful OBJ
server in New Orleans tells me, he seriousl,
doubts il their receipts next season will excee,
SOC, 900 bales. believe no one puts it OVER 900,
600. Then take 100000 bales, the probable diff
ference between the present and their crop of 1847
and it would reduce it below 2, 900 fraction
| l have said above, consider those years, will
this exception, nearly alike. My estimates as pc
my Circular of
July 90, 1876, was 1000 900 bis receipts1 ,OO
] July 90, lS47 I" 2,150,00O =" 2,348,00
July I, ls4s (" 2,5OO,000 2,729,OO
Aus.17, lS49 !" 2,l5O,0O0 will be 100000
My estimate now is, in view of all the grounds
that with our usual favorable fall the crop can
not exceed 100000 bales. As was the case il
l648- ., there is now no old Cotton held back il
the country to swell next year 8 receipts sand a
| in 1878, the Mississippi country cannot disap
point us so largely OF course, in submitting al
estimate now, all who are concerned in this grea
| staple, know il must be received as a mere APP
lproximntion from the complexion Of all accounts
to this time. l do not think, however, attended
with most favorable circumstances, it could 20
lOO, 900 bales above my estimate; while, should
the caterpillar, which is already reported in Texas
and which is the point where it has first made its
appearance when it was destructive to US, should
il spread its ravages as in 1896 the crop would
not reach 800, 900 bales. Late as this crop is,
that scourge has time left to take the route, and il
| il does, may do more damage than in 1876.
With regard to the supply frdA other countries
another year, | need only refer to whai have be.
fore said With the aid of a high range of prices
it may be kept up to about 100000 bales-and
now come to the prospect of prices
Appendix to Commissioner of General Lane
Office, Report to Congress, 1848-page 24l.
See Patent Office Report, IS45--poges 1878.