Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1854-05-19
Cotton Trade of the w orId.

chants Magazine, which appears, too as the leading
article in DeBow's Review for April From it we
make the following extracts, W hch will be read with
interest on account of the vast importance of the sub
Ject of which they treat, and be found more enter
tanning than articles made up of calculations and of
statistics usually are:
In England the demand for 1853 has beeA less than
for the preceding year. but only little less in the
first Ealf 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 have reduced the
consumption very considerably.
For the whole year. the consumption of Great
Britain for 1858 was o6l 200 bales against ,663-
400 for 1851 and 1,5l4, 500 for 1852 and I474, ,420
tor the average OF the five preceding years. The
falling off for 1854 is not so great as would appear
by the reported deliveries, since the stocks in the
hands OF the manufacturers were estimated to be
10000 bales more than usual on The first of January
last, and at the present time they are supposed 20 be
uncommonly low.
The demand for the coming year must decline
The high price of food must seriously interfere with
the domestic consuml tion of Great Britain. When
the cost OF the English quarter of wheat is now ac.
cordng TO the average of the 18th of November) 3s
ID against 40s. for 1852, the portion of their wages
which the laborer and artizan can spare for clothing
is much diminished. The scarcity of money, as in
dcaied by an advance in the rate of interest from
TO per cent, must also discourage the wants of the
home trade The favorable circumstances such as
the high price of Iron, the general advance in wages
laDOrer,
ton IN the number of paupers, will be alike operative
for hoth years The export trade will be seriously
embarrassed by the war between Turkey and Russia
The caIcoes sent to Turkey and the Leyant incud.
ing the PLAIN, printed and dyed approach 100 0GO 900
yards per annum, which is 10 IL per cent. of the
Whole export lhe cotton yarn is 7 or per cent
The calicoes bought by Russia are few, but the warn
is nearly as much that sent TO Turkey The de.
mand from both these countries must be very much
decreased by the war. From Austria, and the other
German 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 popuous
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 occupa-
uon OF Annoy and Shanghai, two of the five open
ports, by lawless usurpers, and robbers in whom the
merchants place no confidence the famine at Pekin
and the alarm and distrust at Canton, will largely
curtal the English exports 10 the Celestial Empire
From Australia and India, the United States and
Canada, no falling off may be Anticipated: but if we
nohce the very arge business done with these mpor.
tant countries for the year 1853 no increase can be
expected for 1854. The failure of the harvests in
Lombardy, France and Germany, and the high price
OF TODD IN all parts of the Continent of Europe will
lessen the demand for English Cottons. Everywhere,
both at home and abroad the prospects of the English
manufacturers diseouraging
onder lhese circumstances 1t may be expected
that the increase in the consumption of 1852 and
lo33 over previous years, will be entirely lost and
that the wants of Great Britain for 1854 will not
much exceed the average of 1849 1850, and 1851,
which was 1889 400 bales. 1t may reach 700 600,
but its probable limits is 600 900 bales
In France, the consumption for 1853 is nearly as
large as tor 1852, and both 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 consumnton in
the French factories is much more regular than in
England, the wants for the coming wear of Ameri-
can cotton will not probably fall below $50 600 bales
lhe demand for United States cotton on the Con-
unent OF Europe has not declined for the year 1853
Ouf exports TO those countries larger than ever
before, and the same is true of the English exports
Ours have been 364,812 bales, against 353 500 for
1852, and 600 for 1851. The exports from Liy-
erpool, up to November 18th, were 237,54O bales.
those of 1852 having been zig, ,43O The sum Of
these two for the whole year 1852 was 636 800 baes
and tor 1853 they will be larger. The consumption
IN the German States, and even in Russia will suffer
but little decline, the demand has for MANY wears
been advancing with great steadiness and regularity
or 1914 these countries will probably require not
less than 100000 bales.
For the last year the consumption of the u States
has advanced from G03, ,O29 bales to GIL, ,OO9 The
general prosperity of The New England manufactu
and OF the country at large, warrants the anticipation
OF an increase in this demand. The sringencv in the
money market, and the decline in the probable de-
mand for expectation to China, will be more than
made up by the increased population OF our country
the prosperity of the farmers on account of the high
price of breadstufs, and the abundant crops which
have generally rewarded the labors of The husband
man. For the coming year the wants of our manu-.
facture,s will probably reach 700 900 bales
he following table contains estimate of the
consumption for 1854
Wants of Great Britain bales 600 OOo
Wants of the United states NEUTRALITY-SUSPICIOUS.: OO'OO0
wants Vi o'her Countries, 100000
Total B. 25O 900
The supply from all sources will probably reach
3,65O,O0O bales, against nearly 100000 for 1853
as appears from the following table:
Estimate for 1853 1854
Dnlted States, bales 263 900 100000
Last Indies, ACKNOWLEDGEMENTS. 100000 100000
Other places, ................... 100000 25O,OOO
PRiCES. '''''''' ''''0'O'0
AS this estimate is about 40O,O bales above the
probable demand at present prices, according to the
estimate given above, it would seem impossible 10
sustain the rates at which cotton is now selling
lhe stocks are already large, on account of the i'm
menSe production OF last year. On the first Of Sep
tember the amount Of old cotton in our ports was
l35,648 bales against 81 l76 for the year 1852 On
the first Friday of October, it was in Liverpool TO-
40 bales against 500 in 1852 At Havre it had
increased by October 18th, TO 1886 bales over the
preceding year. The accumulation at these places
having advanced more than $4,000 bales durin~
1853, furnishes proof that the large crop of the
past year has not been consumed The great def q.
cency IN our receipts at the seaboard for the early
part of the present season, and of our exports to
foreign countries, does not permit the enhanced
amount OF stocks to be now SO apparent as it other
wise would be.
Since, then the stocks increased largely in 1853,
and promise to continue to advance still more for the
present year, 1T would seem impossible that the mar
ket prce tor cotton should continue above the average
rates For the last IA years from l84O to 1859 the av
erage price has been cents and mills The ex-
ports to foreign ports for the first ten of these years.
amounted In all 10 l28 Millions Of nnnnds Tor The