The Camden weekly journal. [volume] (Camden, South-Carolina) 1853-1861, 1854-05-16
Cotton Trade of the World.

Cotton Trade of the World.
Professor Charles Mckay, late of our State
University, contributed a very interesting ar.
ticle with the above caption, to Hunts Mer-
chants Magazine, which appears too, as the
leading article in DeBow's Review for April.
From it we make the following extracts, which
will be read with interest on account Of the
vast Importance of the subject of which they
treat, and be- found more entertaining than ar
ticles made up of calculations and of statistics
usually are:
In England, the demand for 1853, has been
less than for the preceding year, but only lit
tie less. In the first half of the year the amount
worked up by the mills was really larger than
in 1852; but the Turkish troubles and the high
price of corn have reduced the consumption We.
ry considerably.
For the whole year, the consumption Of
Great Britain for 1853 was 1861 200 bales,
gainst / ,663, 400 for 1851, and l,5l4,500 for
for 1852, and ,474, ,420 for the average of the
five preceding years. The falling off for 1854
is not SO great as would appear by the report.
ed deliveries, since the stocks in hand of the
manufacturers were estimated to be $4,000
more than usual on the first of January last,
and at the present time they are supposed to
be uncomWonly low.
The demand for the coming year must de.
cline The high price Of food must seriously
interfere with the domestic consumption OF
Great Britain. When the cost Of an English
quarter Of wheat is now (rccording to the av.
erage of the 18th ofNovember) 73s 3D. against
4Os. for 1852, the portion Of their wages that
the artizan can spare for clothing is much di
minished. The scarcity of money as indica
ted by an advance in the rate of interest from
, tn S per cent, must also discourage the wants
of the trade The favorable circumstances
as the high price Of iron, bthe general advance
in wages, the abundance of work for the labor
er, the diminuion in the number of paupers,
will be alike operative for years. The export
trade will be seriously embarrassed by the
war between Turkey and Russia. The cali.
Goes sent to Turkey and the Levant, including
the plain, printed aud dyed, approach 100000
900 yards per annum, which is 10 or IL per
cent of the Who'll. export. The cotton yarn is
6 or per cent. The calicoes bought by Rus
sia are few, but the yarn is nearly as much as
thYt sent to Turkey. The demand from both
these countries must be very much decreased
by the war; From Austria, and the other Ger
man States, decline must be expected from
the same cause. The revolution in China will
seriously interrupt the exports to that country
The cotton cloths sold by Great Britain alone
to This populous empire, are larger than what
is taken by Russia and Turkey together. The
possession of Nankin, and the control Of the
great canal by the rebels the occupation Of
Annoy and Shanghai, two of the FIVE open ports
| by lawless usurpers and robbers, in whom the
merchants place no confidence; the famine al
Pekin, and the alarm and dstrust at Canton
will largely curtal the English exports to the
Celestial Empire. From Australia and India
the United States and Canada, no falling of
may be anticipated; but if we notice the very
large business done with these important coun
res for the year 1858, no increase can be ex'
pected for 1864. The failure of the harvests
in Lombardy, France and Germany, and the
high price of food in all parts of the Continent
of Europe, will lessen the demands for English
Cottons. Everywhere, both at home and
abroad, the prospects of the English manufac.
turers are discouraging
Under these circumstances it may be expect
ed that the increase in the consumption oflS52
and 1853, over previous years, will be entirely
lost, and that the wants of Great Britain for
1854, will not much exceed the average Of lS49
1850 and 1851, which was 1889, 400 bales. II
may reach 100000, but its probable limits is
100000 bales
In France, the consumption for 1853 is near.
ly as large as for 1852, and both are decidedly
above those of previous years. The very great
deficiency of the French harvest will lessen the
demand for 1854 but, as past experience
shows that the consumption in the French fac
tories is much more regular than in England
the wants for the coming year ofAmercan cot.
ton will not probably fall below $50, 900 bales
The demand for United States cotton on the
Continent of Europe has not declined for the
year 1853 Our exports to those countries are
larger than ever before, and the same is true
of the English exports. Ours have been 1854,
sl2 bales. against $50, 3,522 for 1852, and 269,
100 for 1851. The exports from Liverpool
up to November 18th, were 237, $40 bales
those of 1852 having been 2l9, ,43O. The sum
of these two for the whole year 1852 was
636, 1922 bales, and for 1853 they will BIZ larger
The consumption in the German States, and
even in Russia, will suffer but little decline, as
the demand has for many years been advancing
with great yteadiness and regularity. For IT,