The Port Gibson herald, and correspondent. (Port Gibson, Claiborne Co., Miss.) 1848-18??, 1851-01-17


tain high level, unless commotions in France
or some unforeseen event of commanding impor-
tance interfere with the regular operations Of
commerce.
In considering the supply and demand Of the
coming year, we must, therefore, base all our
estimates on high prices. The receipts from
india and Brazil, and the consumption in Eu-
rope and America, will all be effected by this
fact. If the advance were slight it would not
experience any sensible check, but when the
price has risen to its present rate, (13d cents
fos middling fair Savannah, Oct. 23d) an ad-
vance of 85 per cent. over the average OF the
last five years, the amount purchased, even in
our country, may be expected to decline.
The supply of 1851 viii probably exceed that
of 1850, not only from the United States, but
from India and Brazil. The past season here
has been unfavorable for the growth of cotton,
but its disasters, especially IN the west, have.
not been as severe as in the preceding year.
In South Carolina and Georgia there will be
decided decline. The late cold spring, and the
long drought in June and July, left the plant
small and The balls few and scattering. The
severe storm on the oath of August blew out
on the ground much open cotton, and prostrated
and twisted the stalks so much that there has
been no late crop of forms 10 mature in October.
September was beautiful season for gathering
and so was much of October. There are ssne
plantations where the crop is very fine. The
hot summer favored rapid growth and repaired
in part the injury done by a late spring. The
general drought was, at some places, relieved by
local showers, which brought out some superior
crops. The amount of land planted was greater
than ever, The receipts at Charleston and
Savannah will also be increased by the exten-
sion of the Georgia Railroad to the Tennessee
river. Were it not for this last cause falling
off of 100000 bales might be anticipated
With this the deficiency will not probably ex-
ceed 10000 or 90, 900, and the receipts Of these
two ports, may be expected TO reach $50, 600
bales. From Alabama the reports have not
been so disastrous. The spring vas late and
the stand poor, but the dry summer prevented
the ravages OF the worm which had done so
much damage the preceding year.
The river floods had also done harm last sea.
son; and these they have escaped. The prai>
rie lands have not suffered so much with rust
as before. On the Tombigbee and also on the
Black Warrior, the prospects Of the planters
are very much above those of last year. On
the Alabama, the promise is about the same as
last year. Still the disasters have been severe,
and the crop viii be below an average. An in-
crease of 80 900 or 100 600 bales in the receipts
at Mobile, including the Montgomery shipments
to New Orleans, may with confidence be antici-
pated. From Florida slight increase may be
looked for, The amount of land planted has
been considerably enlarged, and the doubt has
not been as general as in the eastern part Of the
cotton region. At New Orleans and in Texas
gain may be looked for. The failure last year
was so great that if is almost impossible to ex-
pect like deficiency again. From Louisiana,
Arkansas, and the greater part Of Mississippi
the reports have been better than last year.
The early frostof October 9Th, injured not little
of the cotton as far north as Memphis, but in
general even in Tennessee the plant remained
green and fiourshing, till the general frost at
the close OF the month. The production Of Ten
Ressee and North Alabama will fall below that
of last year; and portion of this will not reach
| New Orleans. The crop was everywhere back
ward, but the hot, dry summer helped to repair
this damage, and by keeping off the caterpillar
and boil worm permitted the forms TO mature.
The severe storms that did so much harm in
Florida and the Atlantic States did not extend so
far TO the west. The season for gathering has
been very fine, and the time Of frost late enough
to mature nearly every boil that could make cot
ton The average receipts at New Orleans for
four years past have been 943 600 bales, and this
includes two short and two full crops. For the
present year would estimate them at $50 600
bales. Combining these estimates, the whole
supply from the United States will amount to
100000 bales, (see table vi which is about
100 600 in advance of the last crop, but consider
ably below the average the last FIVE years.
The receipts FROM India have increased very
much during the present year under the stimu-
lus of high prices. and they are destined to ad-
vance still more for the coming season. The
purchases now making in Bombay for the Eng
| lish market are reported to be large, and when
| the new crop begins to arrive at the sea ports
the current will turn still more strongly towards
| England Not only is their production enlarged
by high prices 10 Europe, but larger portion oi
the crop is diverted from China, and from do
mestic use for the western market. The aver
age Imports into Great Britain for the last three
wears have been 81 900 bales, but for the first
nine months of this year they have reached 1885,
900 bales for Liverpool alone, aud for the whole
year, for all the ports they viii probably reach
| 100000 bales. For 1851 not less than $685.
/ 600 bales may be anticipated. This is higher
much higher than any former year. The year
| lS4l was The largest befose 1850, and then the
amount was 275,000 bales The high prices
that are now prevailing, and that are likely to
prevail for the present season. authorse us To
expect an increase even over the present year,
Table VII
From Brazil. Egypt, and other places an adj
| vance over the usual average may be looked for
/ The average imports in;o England from l645
to lS49 were I75,0 900 bales, but for the present
year the amount willexceed 100000 bales, and
Tor 1851 will be still larger. Table VIII) j
we estimate them at 5000, the whole supply
from all these sources Gable IX.) will reach 2,
500, 900 bales
i In reference to the consumption we may re-
/ mark that the purchases for our home maaulac-
tories have declined during the present year
over 80 900 bales. The high price of the raw
material, the low duties on foreign goods, and
i the immense imports of cotton fabrics from Eng
i land, have caused this retrograae movement In
I849 there was a falling off Of $4,000 bales, SC
that our. consumption is now Al 600 bales below
i that of l848. Doubtless the estocks in the hands
OF the manufacturers are very small, and slight
advance in goods would set all the mills at work
again. The universal prosperity Of the country
| sorbids us to expect the extension. or even the
continuance Of this depression. For 1851
would estimate the demand at 100000 bales
! which is II 900 above the consumption of the
present year, liable X and $4,000 below the
average OF the last year.
In Great Britain the falling off in the purcha-