North Carolina standard. [volume] (Raleigh, N.C.) 1850-1852, 1851-05-24
THE coTroNcRop

! THE COTTON CROP.
we find in exchange paper the following articles,
which may be interesting to our cotton planters.
They seem to be continuation of series of articles
winch have not before attracted our attention:
Increased supply Of cotton, compared ,ch that Of
the previous gear.
In former communication april 19) il was as4
serted that prices of cotton in England, though low
er than they had previously been, were based on
| underestimate of our crop, which placed by ma
ny persons 2.1OO, 900 bales, and by others some.
what larger. 1t appears from the following remark
in report per the last steamer, that most persons
abroad still under misrepresentation as to the
probable out-turn of the season
The receipts of cotton in the United States (says
the report) the increase, compared with
those of 1850. They amount to 900 bales. This
increased quantity does not to alter the opin-
ion for time PARLIAMENTARY, that the crop
will not exceed 2,2OO, 900 bales. The prices of cot
ton, however, owing to dull accounts from Manches-
ter for goods, are lower
Again, at later date
Is The cotton market is in gloomy state. The in
creased receipts at seaports the United States, and
the large quantities on the way England and the
continent, have caused great anxiety to sell,
panied by equally strong determination on the
part of acturers and dealers to purchase be-
yond immediate wants.
The receipts now far ahead of last years as
to belief that the crop will reach 900
bales and, from the quantities daily arriving, may
come up to 2, 100000 bales.
If the crop should be 1850, 900 bales, and
SUMPTION should fall 100 900 bales below that of
lS49-50, shall be able to send Europe 272, 076
bales more than from the preceding crop. There is
probability OF It's being from 900 to $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, as
compared with prices in China it is probable the re-
ceipts from Bombay may be $4,000 to $4,000 bales
in excess of those of the previous year. Ii such
should be the case, Europe will receive from $4,000
| to 100000 bales more than in 1885,
If, them the consumption of 1851 shall not exceed
that of 1885, there will be steady and rapid accu-
mutation of surplus cotton, and consequently steady
and large declination in the value of staple which
has for long time been maintained at extreme prices
by representations of the state OF our crop
The early anticpations Of the crop were as low as
LOO, 900 100000 bales; and till within few
weeks buyers have been so much under the influence
of false representations to have acted on belief
that the crop would exceed loo, 900 to 2 900
bales and that 100 900 bales should be deducted from
| these figures account of short wei ght A writer
in the Daily Advertiser g. W. April 22) has cor
reced that by showing that the average weight
of the bales for the season will be equal to that OF
! the previous year. H. l..
May 5, 1851.
Fail in value Of cotton in Europe, and assigned
! aohy there should be further decline in It's Ualue
The decline in the price of cotton in England IS
thus far based the supPosion that the supply from
the United States and elsewhere will not transcend
that of 1850 more than sc, 900 1OO,O 900 bales. We
have yet learn what further decline will take place
when consumers shall have become acquainted with
| the state of the
In nine years out of ten, it will be found, oy reer
to the proceedings in the cotton market, that
crops moderated generally from 100000 to 2oO
600 bales and occasionally from BOO, 900 to 4oO,ooo
bales.
One cause of this false estimate the part of buy
ers-which has the manu- acturers many millions
and tens of millions of dollars-may have arisen from
OVerOOkinO the article which paws more
profit 10 the cuvator, at half Its present price,
than any other great agricultural staple is liable TO Or
more largely extended than any other commodity.
The season of 1850 is generally allowed 10 nave
been than that of I949 but, from the increas-
ed quantity of ground planted, the crop is likely to
be 100000 bales in advance of last years.
Had the weather for the growth of the crop OF 1871
and the gathering been favorable as usual, the pro-
duct would have reached 27OO 900 bales. instead OF
1880 900, the quantity anticipated. Seven years
ago the OPP 9, 1894 500 bales since which mere
has been an immense addition to the productive aoii
ity of the regons-sucient, II Is conceived,
afford crop of 300 900 bales in the most iavor-
able season, or $500, 600 in average season.
May 6, 1851. II. l..
advancement an the productive abilities If the coo"
grOt0ing region.
The progressive movements in the cultivation OF
cotton are in other great branches of industry at.
fected by variations in the value oil thai staple. II
five per pound afford reunerative rate OF prof.
it, there will be proportonate extension In planting
If that value be doubled, during the past Two sea-
sons, there would, of course, be increased induce
and increased enlarge the ratio OF cul-
tivat ion.
If five cents pay the ordinary profits of planting,
then all above that, nearly so, is clear addition to
the gain of the planter, by which an immense addI-
ton would be made TO his means of enlarge ng his OPP
erations by increased purchases of laborers; and
powerful stimulus is afforded to exert his means.
To apply these remarks to the crop now coming to
market-the season unfavorable than that OF
1919. Why, then, is the crop much In excess
(25OOOO bales) of the previous one Because, from
the augmented means of the planters, consequent up
advance of 80 80 per cent. in price, the Gull
tivation was greatly augmented. Had the season
been as favorable as the average, the crop would
probably have come up to 100000. Had II been
as propous as the season of 1S48-'49 the product
would have been 100000 to 100000 bales in excess
of that year, the out-turn OF which was 2,72S,593
bales.
Thus far the weather this year has been very favor
able for the growth of the cotton plant Lastyear
bossomed so late to require in many parts Sec
ond planting, by which the season OF picking was
shortened.
If the present is as bad as the past, (the
worst, perhaps, for many years,) we may expect 10
10 per than from the crop OF 1880,
because it is probable that there is 10 IL per cent
capital and labor devoted to planting. If such
be the case, may count nearly 1900, 900 bales
If the be favorable, the product should. TO
Judge by former years, with allowance fol- increased
cultivation, come up to 100000 bales. 1t the sea-
son be luxurant one, which does not happen more
lool Co.