The Yazoo Democrat., 1853-01-05
COMMUNICATED.
NUM M 2 NIOl1 f4Ds
YAzoo Cry, Dec. 81, 1852.

Messrs. Editors YdzOo Democrat,
DEAR SrRs.-The latest advices from Liver
pool show an advance of farthing in the Cot
ton Market but as usual believe it will de,
cline fully cent during the holidays, when it
will have reached the lowest point for this sea-
son and am decidedly of opinion, that within
sixty dogs, it will advance beyond any figure ii
has attained to this season, even should the crop
reach my outside estimate, say 100000 bales.
crop of $500, 900 bales will be required to sup
ply the demand of commerce, to le4xe a stock
on hand lst September next of about III 400
bales, same as last year, notwithstanding the
heavy increase in the production which is shown
in the estimate below, admitting the consump-
ground that the cotton crop will increase for a
series of years on an average of 8 per cent, (the
present crop Of the United States will exceed
last year by 10 per cent) and that the comsump-
ton will increase 10 per cent, continued and
gradual advance in prices is inevitable. Cotton
fabrics are perishable, and more liable to de-
struction by the elements, than the raw materi-
al, being always in transit or in store; the de-
struction by fire alone in all the large cities the
past two years, will sustain that position beyond
cavil. Thus proving; that disasters, though ru-
inous 20 the few, are of benefit to the many
and hence, the consumption must continue to
gain on the production IN fact, the consump-
ton of every article of commerce Of note, must
of necessity increase. What feedssand clothes
the world this year, will not do it theanext.
The abundance and cheapness of food, as well
as that of a constitutional currency, which is
increasing more rapidly than any other article of
commerce, establishes my entire position, be-
yond the reach of possible contingencies.
To what extent the great influx of gold, (be
ing enumerated by tons instead of millions)
will enhance the value of every species of prop
erty, is proposition which no human forecast
can embrace; and when the proceeds of the
present crop shall have been realized, money
will be more abundant than at any former peri
cd /; and the balance of trade will be in our ia
voF largely, "a consummation deveutIy to be
wished The supply of money in England is
large, being worth only II per cent per annum,
being governed like every other article Of COM
merce by supply and demand.
Peace and plenty abound, and the American
people are peculiarly prosperous and happy.
The immense and increasing prosperity of the
manufacturers in England, where in one dis
trict alone in 1851, eighty-one cotton mills were
erected, tic tic ,Fesits ,esits from which continues to in
duce the fresh investment of capital, which ac-s
cumulates more rapidly ihsn it can he invested;
the same state of things exist to great extentin
this country; especially at the north, where
manufacturing has long been favorite pursuit,
being the safest Investment for large capital
any where. Cotton fabrics are now gradually
advancing in all the large cities.
A great opening is presented to the enterpri-
eing. for the location of cotton factory in the
vicinity or suburbs of Yazoo City, combining as
It does, all the advantages of trade and COM
merce and health
Hoping the above viii meet with your con-
currence. With assurance of high regard, am
your obedient servant, J. w. DABBS.
Estimate Of the supply and consumption ofI
cotton for the year ending September lst, 1853.
Crop OF the United States, 100000 bales.
do of all other countries, 100000 do
Total stock on hand Sep. l, 1852, III, 400 do
4;57l 400 do
Consumption, 3800,O0O do
Leaving altogeihera stock on
hand of III. 400 do
be same as last year, while the supply if cor
ect, shows an increase Of 547.00O bales. and the
an increase of $4,000 bales over I
ast year, or which shows an increase in the