Daily Nashville patriot. [volume] (Nashville, Tenn.) 1857-1858, 1857-02-21
Tncreasea consumption Of Cotton.

to be !, 1854 600 of all kinds, per week 20, l.
OF this America supplied 1869. 600, or per week
20.557: consumed of all names in 1855, l,2OO, VVo
This includes Spain and Russia. The import OF
Russia in 1856 was IFS. 000 and it is assumed she
| holds 60 600 more than on the previous season
The consumption Of cotton in America was IN 1906
| 653 000 and in addition to 10000 spun inland
never reaching the ports not included in the list OF
527. $40. Adding all this to the Continental cons
sumption we get 9, 127, 900. Then comes Tor Great
! Britain 2,257, 100, of which ] ,6S4 100 American
| All these show of cotton consumed IN 1886,
4, Ss4 600, or per week 81, 307, Of which IS 6S5
] American. il would seem that still Great Britain
spins more cotton than all the rest. India now
gives to the world nearly 100000 bales OF cotton,
of which a few eargOes go direct to the Continent,
and besides this quantity of 600 coo bales, 1t is es,
timated that the people of India spin and weave in
their dwellings, annually about 2,000.0 bales.
The present condition of this trade, in some
points of view is one calling for cOngratuIatlon, if
| not for some degree OF e1ultstion II is very OBJ
vous that the use of cotton fabrics has OF late
wears beeh making very marked and rapid advances
and that the circumstance, not only OF the mass.
es OF this country, but also of other counirIee-
! the great consumers of these Notwithstanding
been steadily improving by different nations in the
| liberation Of commerce from former oppressive fs-
cal laws the vast amount of accumulated wealth,
the production of the gold fields of California and
Australia it cannot excite much if any surprise to
| end so decided a tendency towards general high
state of prosperity. That the late was found
! to impose no mean check to many branches OF bu .
siness is true, and doubtless the cotton trade was
subjected a full participation in its pfejudicial
| character; vet this has only served to prove the
absolute necessity that exists for a full supply of
the great staple as it is seen that even under many
adverse circumstances, while prices moder-
ate, the power to consume the manufactured arti-
| cles not only fourished, but expanded. What fur
! Their expansion may be yet experienced, may be
argued in some degree from the progress of the
past year, when the largest quantity OF the raw
! material ever grown and collected in America in
| one season, has been distributed and disposed Of
without, on the whole, adding in any measure to
the stocks, either of the staple or its products.
| The reverse of thiI would indeed appear to be
nearer the fact when we look at the present state
of the foreign markets, supplied from this country
Comparatively light stocks of goods and yarns eV-
erywhere; and recently the demand TO replenish
the same so extraordinary at this usually dull seaa
son of the year in Manchester, literally to alb,
sorb nearly everything on band, and to place spin
ners and manufactures under contract for coDsid-
cradle deliveries.
From the yearly statistics it would appear that
the consumption of textile fabrics has been stead"
" gaining upon the growth of the raw material
ana IL Is pretty eVlQeNb hudb We nave HON hIIlFtI
at point in the history of the trade calling for the
exercise of unwonted research and earnest inquiry
whilst it cannot be overlooked that the position of
the article presents peculcr features of embarrass
ment and anxiety. With almost everything in ex-
istence calculated to insure largely increased con
sumption, and many additional mills both here and
on the continent, erected to meet prospective re-
! uurements the world is threatened with a supply
inadequate to sustain its present scale Of wear
~ H.. .
| ally advanced, and as yet without any positive
symptoms of adjustment of demand to promised
means Of supply, how long this may be delayed,
and at what point Of price it may be commenced, is
a problem Of no easy sOlution past experience leads
to the conclusion that, whilst low or moderate rates
open up new channels and outlets, prices far above
| the paying cost of production invariably tend 10
more or less of economy in the use of the article,
and have heretofore always terminated in curtali-
ment of demand and consumption.
Looking to the future, apart from the question
! Of supply, perhaps there has scarcely been a time
more fattering than now presents itself Altered
! circumstances and improved condition of the con
| sumiug populace-food of homegrown in fai'
| abundance, at relative NEUTRALITY-SUSPICIOUS. of goods
and yarnsARwhere in excess-peace amongst the
great European powers. The immense accession OIL
| the precious metal already made, and being made,
| in itself calculated to enhance and maintain the vail
| ue of all produce and commodities whilst the dis
count rate now at 6 per cent. per annum is more
! likely TO be reduced than otherwise; these are
amongst the elements to be considered in determ-
ming the probable future range of the value Of cot
! ton but the all important one, and that, a: the
| present moment needed, is such prospective sup.
| ply Of the raw material would be capable of sus
tanning and extending the general prosperity of the
| trade, in the growing requirements of the world.
After all then, the quantity Of cotton that may be
found available, will apparently be the main hinge
regulating the question OF prices and consumption,
The stocks held by spinners and on the Continent
are believed to be somewhat in Of last year,
probably not much more, however, than would be
compensated by the reduction which occurred in
the American shipping ports at the close of last
season, say about 100, 600 bales The crop of the
| United States is so universally conceded not over
5000, 900 bales, that Can only adopt the figure;
! but Of this quantity it is not thought improbable
that Great Britain may get rather over her usual
average per centage. Ii should be remembered,
however, that the East Indies capable o! send
ing increased quantities, and it's generally grant
ed that 100 900 to $50 900 bales in addition to the
usual import may reach this country. From all 9TH
er sources the supplies are not expected to vary
from thelcustomary quantities. The stock here it Is
seen, 26l GOO bales, less by l47 700 than at the
close of 1850.
As the year progresses, other elements will doubt
less enter into calculations and many minor ron,
sderations will occur TO the minds OF those
SAINT with the subject, a favorable or untavorable
planting season for the next crop, and occasional
local circumstances, that cannot now be ioreseen
may affect prices. As things now appear, reduced
consumption may almost be considered a certainty,
necessltated by the apparent disparity of supply,
but the extent Of the reduction and the period OF
It's becoming operative, time alone can develop.
We remain, very truly your friends,
j. & d. MALcoMsoN & Co.
Extracts from an address 10 the Manchester Com
mercial Association, at its annual meeting by toe
Chairman James AspiRwall Turner.