The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-05-23


Messrs EpiroRs Enclosed is an article upon SCOT
ton and Cotton Manufactures" published IN the Ba
more Price Current OF the 10Th inst, which would like
TO see transferred 10 your columns
The deduction the writer draws, OF a surplus sfoch Q
cotton on Isl September neat 81 nearly one and haU
million Of bales appears TO be founded IN ruin ana IN
The main agree with him. but had no idea. until saw II
stated and investg aed that there anything Ike as
much cotton in trans' there appears 10 ben all
about 100000 bales. This has an important bearing
supply and demand and, BY most OF us, has been al
most entirely overlooked The bearings we examine
closely are the "receips" aud "stocks on hand' and
appear 10 lose sight of cotton when put on board ships
When arrived at lis port OF destination 1t becomes then
stock hand but, II only from two to My days oul
from New Orleans Mobile, and yet on the ocean. IS
nothing So, al least are nearly all The estimates we see
made up. ,
understood II the facts be "taets," then the manaae-
urers cannot too il face to face. Assuredly
they have been groping in the dark long enough
Ii has been recommended that meeting or convention
OF manufacturers be held in central location At an
early day. to take into consideration the condition OF me
manufacturing interests, and devise some plan 10
have not auch faith III conventions or mixed bodies
generally. bu, in this il would doubtless be produc-
tive OF good. If prices for mdnufadutd fd0tcs are
daily becoming louer II must certainly be because mere
more TO, sale than wdnfed II this be the case
they had better stop their machinery for short period
Continuation of supply upon markets already glutted
with exceeding slow sales at ruinous losses must ~ The
end bring about catastrophe than we have
yet Witnessed and will it be confined TO the manutactur-
ing interests alone opine not No one large branch
of industry be paray and distressed beyond meas
ure without causing suffering to the commercial in
,eests Of the world this turn extends until general
| 9. revusion" or financial crisis takes place.
| Cotton has been Tor long time too high. From No
vember last until towards the latter part of Febuarya
period of nearly four monthsit up, and sustain
Ell the price OF upwards OF I3 cents h. in The New
York market for .middlngs" Was there for il
Was there value in goods il was manufactured into to
pay anything near it's cost Let the tremendous decline
OF IL 10 per cent in goods within the past three
four months give answer but, then, lobbers
and buyers anxious purchasers Oris likely they will
be- SO long manufacturers continue to pour into the
markets goods that are not wanted There already
more manufactured goods, of nearly every description
for sale than wanted; but Sangrados practice must b.
continued--"more hot water OF the same sort" Wha
good effect will the stoppage OF machinery produce
First, it would shew to dealers that they could buy
day without the danger of being undersod the next
the manufacturers might therefore, dispose OF their goods
manufactured out OF hghcost cotton without sustaining
more ruinous losses than they making. Secondly,
soppage OF machinery would in very short time, bring
down cotton to price that would be remunerating Il
the manufacturer Al half lis present value the produ
OF cotton realizes more money than any other agr
cultural product will make him. 10 say nothing OF van
Gus other reasons these are conclusive enough TO m
mind 10 and in the recommendation and would sugges
the city Of Baltimore the point, and the time III
middle of June.
Yours, &c., ALPHA.