The daily union. [volume] (Washington [D.C.]) 1845-1857, 1852-11-23

We have no exact information OF the stock the Uni
ted States but presume not greater than at the same
period of last year, the prices in Europe are higher
This phenomenon Of diminished stock and higher
price, in the face Of argelyincreased supply, is ac-
counted for solely by greatlyncreased consumption
In Great Britain the weekly consumption OF cotton in
1851 was 81 800 bales in 1852 the consumption reached
about 40 900 bales week, or 100000 per annum On
the continent there has been corresponding increase OF
consumption. The direct shipments from the United
States TO France in the present year have been l2ool7
bales more than in the last, and 10 other parts OF
Europe 81 435 bales more. In the United States the
consumption of Is5O-5I was 404 900 bales; OF 1s5l52
il was 900 bales-a conclusive contradiction, by
the way of the pretended distress Of the manufacturing
in the consumption Of greater than the increase
in production and we have every reason TO believe
that this will continue to be the case The Economis,
says extensive mills now in course OF erection in
Great Britain" and contends that the consumption of cot
ton 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 thriving fac
tories is daily calling additional spindles into operation
is not hazardous that during the next twelve
months the consumption OF cotton throughout the world
will continue to increase in unprecedented ratio But
from the most reliable accounts the supply will not
ceed If indeed will equal, the supply OF ls5I52 Not
whsanding British experiment in Asia, Africa, and the
West Indies upon the southern States of this Union the
world is dependent, for its supply Of cotton, he flax subs
tule being dead failure Is it probable, then, that the
production OF the southern States will be equal to the
increased consumption we are led expect' Will the sup
p keep pace with the demand Nobody expects the crop
of the present year exceed the crop OF last year, whilst
many suppose it will be something lees. The probable
result Of The growing crop estimated at about 3O0o
600 bales by persons competent TO pronounce IN The mat
ter Thus, while the consumption increases, the pro-
ducton scarcely remains the same-ihe supply Tags be-
hind the demand. Hence the well-ounded conclusion
that the prices OF cotton will range higher during the
next than during the pas, twelve months OF this
result may be prevented by other extraordinary
contingencies OF which we make no account in cal
culations
The imminent prospect OF inadequate supply Of cot.
ton from the growing crop exctes serious apprehension
in Great Britain. The Economist says
Totho,e who are familiar with statistics, these
a0ute, NAV well occasion grave consideration for stu.
pendous az is the expansion Of in this
iry Il win he found that the aggregate per oensge in
crease IN the consumption OF cotton In foreign Europe
passes even It's rapid extension in Great Britain When II
found after the largest crop ever collected In the
United States and with average production In other
tries, III. stocks OF cotton less than they twelve
months ago. the momentous question arises, How is this
demand for cotton be supplied Until recently the ad
vices from the United States have justified the hope that
the crop now on the ground would have produced yield
even larger than the last crop but from circumstances
(Which Ills unnecessary desiD such expectations
no longer be entertained and the and trust
worthy ports from the cotton growing district show that
while in the New Orleans section the general aspect Of
their crop is not unsatisfactory, yet in the Atlantic States
the appearance Of the plant has become unpromising
that already approximations sri, that the total product
the crop may be materially less than that Of last year"