Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1851-01-03
rrns Progress OF The Coftos. Trade.

8Gc Progress OF iEe Cotton Trade.
The leading article in the December number of
Hunts Merchants Magazine, presents a very full
anu az the same time very clear and c0mprehen-
sve view oft cotton trade from 1926 to 1850. 1t
is copiously illustrated will statistical tables of the
production consumption. stocks and prices OF cotton
for each year fr0m 1910 to 1850 and for the Lore
important particulars of the trade it goes back as
far rs 1925. This period Of twenty-five years the
writer in the Merchants Magazine has divided into
intervals of i:e years giving the average for each.
and noting the rate Of increase decrease for each
country separately.
For the benefit Of such Of our readers as do not
take HGnts Magazine, if such there be, we propose
in the present article TO embody few Of its more
important statements. To give as it were a brief
but comprehensive synopsis Of lis leading features.
In twenty years average crop has increased
from S+o-J9J bales to 2-35l,G00, nearly three
hundred old. Dividing the period of p years from
1925 20 1880 into five equal intervals find the
increase To be %, 3d. So. and Is per cent. In the
same time the production Of all other countries has
only risen from $4,000 to 40 600 bales, having ab-
solutey declined IN the last FIVE years 16 per
cent. In the first period Of FIVE years, the crop of
the United States constituted 68 per cent. of the
whole cotton growing world; in the second. IA: in
the third, II in the fourth, So in the fifth, 81
per cent. of the whole. The bags of American cot
ton have increased very much in weight. They are
much larger than those of other countries, con-
scluently advance has been much greater than
these figures indicate. Our planting friends have
little to fear from the effects of foreign competition
in the cotton market, at least fer long time to
come
In the same twenty-five years the deliveries to our
American manufactures have advanced 325 per cent
viz from l27 900 to $4,000 while in the same
time the advance in Great Britain has been only 25
per cent. that is from $4,000 to lap 600 In
each one of these periods rate of progress has
been more than twice rapid as hers and though
the absolute amount Of our consumption is vet far
below that consumed by the English manu- acturcrs.
yet IN the last five years our increase has been No.
ll,f7 n Yl,a,-- has n
present consumption is 81 per cent of the Eng
ISh, while twenty years ago it only 10 per
France, during all this period, has remained near
" stationary: twenty years ago her consumption
was 23EU00 bales now it is only $4,000. In the
last five years she has gone backwards the decline
having amounted to $4,000 bales. From 1926 to
1880 the deliveries 10 her manufactures were double
those Of the United States: now they are 33 per
cent less than ours Her rank, compared with Great
Britain, and with nearly every other country in
Europe, has also declined.
1t also appears from the article in Hunts Maya
zine that in Spain. Belgium Holland, Germany, and
Russia. the increase has been nearly rapid as in
the United States I'm the last five wears their ad-
vance has been 46 per cent - per cent. Their
rank in the cotton consuming countries is yet low.
but their rapid progress will soon bring them to a
more important position. At present their consUc1T
ton Is 81 per cent of that of Great Britain and the
time IS no; far distant when taken together, it will
equal hers.
Twenty years ago the comparative rank of the
United States, Great Britain France and the rest of
the continent WAS in proportion as the numbers II.
55, D and II; in the last five years the per ceatace
OF each has been 10, 81, I3 and Il. If France be
left cut OF the comparison, the rank of each twenty
years go was IS Is, 10 and Il now it is as 81 SO
and %
Although Great Britain requires for her manufac-
tories than half of all the cotton worked up in
Europe and America, the amount actually used by
her people including all that is exported to India
British America, Australia, and all the colonial de-
pendeneies OF Great Britain IS less than the amount
used IN the United States This has been shown t.
be tfae Tor the last oar years. and the present year
although it exhibits an apparent decline in our home
consumption. forms no exception to this reSr,lt The
enlarged imports of cotton goods imported into onY
sea ports compensate in part FOR the falling Off n
the wants of oar factor;eS
When we commenced cur abstract it was our IA
sign to emboly the more striking Statements in !
single editorial, but adnonisked bv time ana
space to defer further gleanngs from an articl,
wh1ch covers ten pages Of the magazine every para
graph and line of which is crowded with fact
and figures which it would not be difficulty to ex
pane INTO Volume without exhaustine either th
history or philosophy of the subject
Ner York Day Book.
TAIL 0NE.-Fhe Boston Traveller of Saturdar
notices the arrival from st. Johr. of a Young ma,
seven fees four and and half inches high fftvsi,
inches m circumference round the breast and weigh
ING 500 pounds. He il 81 cn+nhnaao 81