Camden journal. [volume] (Camden, South-Carolina) 1852-1852, 1852-12-03
100000
I 1000

100000 7l7,OOO
We have no exact information of the stock in
the United States, but presume it is not greater
than at the same period of last year, as the prices
in Europe are hig her This phenomenon of a
diminished stock and a higher price, in the face
of a largely increased supply, is accounted for
solely by greatly increased consumption. In
Great Britain the wcckly consumption Of cotton
in 1851 was 81, 500 bales-in 1852 the consump-
ton reached about 10000 bales week, or q
100000 per annum. On the continent there
has been corresponding increase Of consu,np-
tion The direct shipments from the United
States to France in the present year have been
l20,0l7 bales more than in the last, and to other
ports of Europe 81, ,435 bales more. In the Uni
ted States the consumption of ls50'5l was
100000 bales; of 185l-'52 it was 603,0 900 bales
"a conclusive contradiction by the way, of the
pretended distress Of the manufacturing interest
in this country. Thus is seen that the increase
in the consumption of cotton is greater than the
increase in production and we have every rca-
son to believe that r1ts witt continue TO be the
case. The Economist says; extensive mills are
now in course of erection in Great Britain and
contends that the consumption of cotton there
will continue to increase.
We know that on the continent Of Europe,
and especially in Germany, the consumption Of
cotton is increasing steadily and rapidly; and in
the United States, Notwithstanding the false,
alarms of greedy capitalists, the example of thri-
wing fnctories is daily calling additional spindles
into operation. 1t is not hazardous to assert that
during the next twelve months the consumption
of cotton throughout the world will continue to
increase in an unprecedented ratio. But from
the most reliable accounts the supply will not ex-
ceed if indeed it will equal, the supply of 1851
52. Notwithstanding British experiments in
Asia, Africa, and the West Indies, upon theSouth
ern States of tins Union the world is dependent
for its supply of cotton, (he flax substitute being
a dead failure. 1t is probable, then, that the
production of the Southern States will be equal
to the increased consumption we are led to ex-
pect? Will the supply keep pace with the de-
mand Nobody expects the crop of the present
year to exceed the crop of last year. whilst many
suppose it will be something less. The probable
result of the growing crop is estimated at about
9,G60,oo0 bales by persons competent to pro-
nounce in the matter. Thus, while the consump-
ton increases, the production scarcely remains
the same-the supply lags behind the demand.
Hence the well-founded conclusion that the pri-
ces of cotton will range higher during the next
than during the past twelve months. Ofcourse
this result may be prevented by war or other ex-
traordinary contingencies, of which we make no
account in our calculations.
The imminent prospect of an inadequate sup
fba
Gus apprehension in Great Britain. The Econo
mist says:
"To those who are familiar with cotton sta
tstics, these figures may we'll occasion grave con,
sideration for stupendous as is the expansion OF
manufactures in this country, it will be found
that the aggregate per centage increases in the
consumption of cotton in foreign Europe surpass-
es even its rapid extension in Great Britain
When it is found that after the largest crop ever
collected in the United States, and with average
production in other countries, the stocks of cot
ton are less than they were twelve months ago
the momentous question arises q: How is this de-
mand for cotton to be supplied! Until recently
the advices from the United States have justified
the hope that the crop now OH the ground would
have produced yield even larger than the last
crop; but from circumstances (which it is unnc-
ccssary to detail such expectations can no long
er be entertained, and the most recent and trust.
worthy reports from the cotton: growing district
show that, while in the New Orleans section the
general aspect of their crop is not unsatisfactory
vet in the Atlantic States the appearance of the
plant has become so unpromsing that already
apprehensions exist that the total product Of the
crop may be materially less than that of last
year, Washington Union.
Tue Hon. William A. Graham and the Hon