Nashville daily patriot. [volume] (Nashville, Tenn.) 1855-1857, 1856-03-05
COMMERCIAL
DAILY PATRIOT OFFICE.

Nashville, March 5, 1856.
C0TTON-SaIes yesterday of Is bales at 1874,
at S.5o,-l7 at 8.45, at S.25, at 500, 40 at II
as4, IS at S4aSi.
TOBACCO-Sales at A. Hamilton's, at 6.55,
100, $50, TO, So, 500.
C0FFEE-At auction at llEa12A.
SUGAR-7aIO cents
WGISKY-33a35 cents
Trade dull.
Consumption ana Price of Cotton.
The New York Shipping and Commercial List,
of last SATURDAY,, has interesting statistics and
well considered views these subjects. 1t begins
by saying:
UNEXPECTEDLY, the consumption of Cotton in
Great Britain during the progress of the war with
Russia, has been quite large formerly. the
weekly consumption of 1855 was 40, 4O7 bales; of
1854 81, S35; OF 1853, 81 2ll; and Of 1852 IS 500
bales.
The total quantity taken for consnn ption in the
British ports, during the year 1855, . lOl 100
bales, besides which, there 3l6 900 bales taken
or export to the continent Of Europe.
We are then told that the increased consumption
during the Eastern war, is attributed TO 1.-THE largely
increased amount Of coarse spinning called for in
the home market, for the supply OF the army al
navy and to the constantly increasing use Of Cot
ton as an admixture with Wool as well as in the
manufacture of cordage t~ine and sail-clOth which
are new branches Of trade to which Cotton has
recently been applied"
little more than one half Of the American crop
is required for the supply Of the English factories
A supply which, we take it, England must have
on pain OF Instruction on the part Of her furnishing
people, and commissions which will toppe down her
government.
Another statement is worth giving for the as
surance of the planters, whose fears from time to
time are accustomed to be unduly excited as to
future Of Ouer production. That cry however
is less current in latter han in former years
The Cotton manufacture has been everywhere
extending Tor the last thirty years, and the consunp
ton steadily gaining npoR the production. 1t is
probable that this state of things will continue until
the consumption is checked by high prices and
when, or at what price this effect will be produced,
it is impossible now to say.
So extensive has become the consumption Of
Cotton and to so many uses is it now applied, that
it may be the point at which enhanced cost will
check consumption, is yet at'som distance ahead.
The advance 10 price within the last three weeks,
of on cent per pound, has added about twenty
millions of dollars TO the value of crop of g. 800
600 bales The Considerations for and against the
views Of those anticipating further rise, seem
very candidly aud fairly stated in the following
paragraphs:
The several reasons which NAV operate against
further advan, e. are fret that the business Of the
Cotton manufacturers of England and the United
States has been for the last two three years IN.
remunerative. and they not likely to increase
their production until the prices Of goods advance
considerably in value. Again, the dearness Of
money and Of bread may operate against any in.
crease in the consumption Of IN nufactures. The
price OF cotton during the last year has been
tanned by the smallncss Of stocks. and if there is
no increase ia the manufacture, stocks must now
accumulate.
The counter considerations to be taken into the
account are, that the stocks OF both Cotton and of
goods are small, that the price Of Gotten has not
yet relatively advanced much as the prices of
bread and many other important products, and
therefore with such light stocks TO begin with, the
supply Of raw material will be promptly taken no.
Another consideration is the limitation of the
supply OF Cotton, which, being dependent, in a
great measure upon the amount Of slave force
10 IN the field is not capable o. that er at n in
definite extension Of which free labor products
susceptible. Until free labor can be brought into
the cultivation OF Cotton, the average crop must
remain pretty nearly the same, as the increase Of
abOrers is very slight. IL will be mainly effected
by the favorable character of the season, as the
extent of ground planted continues nearly the
same.
The stock of cotton on hand on the ist January
in Liverpool, London aud Glasgow was 4S6,41O
bales, against 624,450 at the commencement OF
1855 III, $50 in 1854, and 657, $50 in 1858 The
stock in the hands OF manufacturers was estimated
at about the same at the beginning of 1854 and
1852 saw 90 600 50, 600 bsles.
In the season of 1925, which was a large
crop season, the price of Midding Orleans cotton
in Liverpool was hsc, which is the same quotation
now. But money ranged from to 3 per cent,
and now from to 9, whilst Flour and Wheat
quoted at 2Ss and Il. 81. whereas at present,
they stand respectively at 4Os. and lis Cd.