The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-05-15

seem to be continuation Of series of articles which
have not before attracted our attention:
Increased supply Of cotton. compared ~ih that Of the
previous year,
In former pr 1917 il was asserted thai
prices OF cotton in England though lower than they had
previously been. based under estmae OF our
crop, which placed by many persons bales
and BY others somewhat larger II appears from the fol-
lowing remark IN report per the last steamer, that most
persons abroad still under as to The
probable ou-turn OF the season
The receipts ofooon in the United States Gays The re-
porn are on the INCREASE compared with OF 1850
They I5i 900 bales This ncfrased on,n,i,v
namely that the crop will not exceed 200 bales The
prices OF cotton however owing 10 DAN accounts from
Manchester for goods, are lower"
Again, al a later date
receipts at seapons in the United States aud the large
quantities on the England and eontuent have
caused K,sa. anxis'y TO sell accompanied by equally
strong determination the part of cnrers and
dealers not to purchase beyond immediate wants"
The receipts are now so far ahead OF last years as to
warrant belief that the crop will reach $50 900 bales
ana, IRON ths Quantities daily arriving, may come up TO
If the crop should be $50 900 bales, and our consump
ton should fall 100000 bales below that OF ls49'5O,
we shall De able TO send to Europe 272 076 bales
than from the preceding crop There is probability OF
It's being from $4,000 10 $4,000 bales larger than that
quantity.
The supplies from India are considerably larger than
last years. and from the increased cultivation in that
quarter, and the high prices in Europe. compared with
prices IN chna s probable the receipts from Bombay
may be $4,000 to 5000 bales in of those of the
previous year. If such should be the case, Europe
will receive from $780, 900 10 100000 bales more than in
1880
IT, them the consumption OF 1851 shall not exceed that
OF 1850, there will be steady and rapid accumulation of
surplus cotton, and consequently steady and large
defamation In the value OF staple which has for long
tine been maintained at extreme prices by erroneous
representations OF the state OF our crop.
The early an,icpatons Of the crop were as low as
700 600 TO 900 baes and till within few weeks
he infu nf talo
representations to have acted belief that the crop
would not exceed 100000 to 2.l5o 900 bales and that
account OF short weight writer in the Daily Adver
ser e. W. April 22) has corrected that by showing
that the average weight Of the bales for the season will
De equal to that OF the previous year.
May s, 1851. H. L.
FH in ralus Europe snd reasons assigned ,ohy
there should b further decline in is value.
The decline in the price OF cotton in England is thus
far based on the supposton that the supply from the
United States and elsewhere will not transcend that Of
1850 more than 900 100 900 bales We have yet
learn what further decline will take place when consul
shall have become acquainted with the OF
the case.
In nine years out Of ,en will be found. by reference
dera,ed generally from 100 600 10 bales and oc
casonally from 800, 900 10 400 900 bales
One of this false the part of buyers
which has cost the manufacturers many millions and
OF millions of doars-may have arisen from overlook
ing the fact, that article which pays profit TO the
cuvator at half its present price, Than any other
great agricultural staple, is liable to be largely
tended than any other commodity.
The OF 1850 is generally allowed TO have been
than that OF ls49 but from the increased quantity
OF ground planted The crop likely to be 900 bales in
Had the weather for the growth of the crop of 1850
and the gathering been favorable usual the produc,
would have reached 900 bales instead of 900,
the quantity anticipated Seven years ago the crop
was 1874 500 bales; since which there has been i'm
addition to the productive ability Of the cotton
ii oaAorJ ,af
bales in the favorable season, 1900
in average season.
MAY 6, 1851 II. l..
.qdrsne smeni in the productive abie, Of the gro9
ing region.
The progressive the cultivation Of cotton
are other great branches OF industry, affected by
variations in the value OF that staple II hve cents
pound AFFORD remunerative rate of profit there will be
proportionate extension in planting II that value be
doubled during the past two seasons there would Of
course be increased inducements and increased means to
enlarge the ratio Of cultivation.
II five cents pay the ordinary profits OF planting, then
all above that nearly clear addition TO the gain
OF the planter BY which an immense addition would he
made 10 his OF enlarging his operations by IN
creased purchases OF laborers and powerful stimulus
is afforded 10 exert his means.
To apply these remarks TO the crop now coming to
market-lhe season more unfavorabe than that OF
ls49 Why, then, the crop so much in excess ESQ.,
900 bales) OF the previous one3 Because from the aug
mented means OF the planters consequent upon an ad
OF so TO 80 per cent in price, the cultivation
greatly Had the season been as favorable as
the average. the crop would probably have up TO
sos, 900 Had II been proptous as the season OF
ls4S49 the product would have been 100000 to 300 900
bales in Of that year, the outturn OF which was
Q ,72s, 500 bales.
Thus far the weather this year has been very favora
BILE for the growth OF the cotton plant Last year il bios
somed late to require in many parts second plant
ing, by which the season OF picking was shortened
Ii the present Is bad as the past, he worst
perhaps Tor many years. we may expect 10 or ~ per
cent, more cotton than from the crop OF 1850, because
probable that there is 10 or ~ per cent more capital
and labor devoted planting III such be The case, we
may count aearly 600 bales.
II the be favorable the product should, TO Judge
by former years. with an allowance for increased cuva
tion come up TO $4,000 bales. If the be lux
one, which does no, happen more than once IN
three wears, we may look for 100000 bales
II 5000 900 bales be deemed extrayagan, expecta.
,ion we would remind those who so think that we had
3l7 ga bales in 1Sl74S, and 272S59S in the season
of lsis-4o The increased amount OF labor employed
in pl an,ng since those periods authorizes belief that
the productive ability OF the country is equal to more
than 200 600 bales.
Even II the growing crop should prove TO be only
500 900 bales-and not likely TO have less, Il
the season az unfavoabc the precedns-pces will
probably be lower than existing ones because produc-
result Of the past year With crop IN this country OF
096 7s6 bales, the stock hard IN Europe 3lst De-
cember, 1850 within 30,403 bales OF The quantity on
hand on The 3lsl December, 1s4o.
The extension Of the supply for the year, from
our increase product, and iron increased imports from
India has caused accumulation OF stock as compared
with a.t year On the Dist March, the surplus IN Eu-
rope was 7s7 bales against no the same day IN
1880 II is probable the close OF the year will show
large OF stock The quantity hand on The
3lst December, 1850. .
Under these circumstances and with prospect OF from
ont QofJ ha