The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1857-07-01
DEPARTMENT NEWS.
STATE DISAGREEMENT.


Cotton The following extract relating to the supply of
cotton taken from the communication dated June H.
OF a correspondent residing in Manchester
There lisa very serious concern observable In all depart
ments OF business in regard to the question Of cotton
supply The increasing demand for cotton goods espe-
caiy IN the English colonies presses the subject with
we're force on the attention of the British government
From careful survey OF the movements now being
made at London, Liverpool and Manchester, / do not
think the United States have anything to fear the
subject Experience has demonstrated that the East
lndia cotton Is too short and the West India cotton
too long for profitable by the established manufc
turing interest The staple is not SO strong as the
American, and will always occupy second place in the
European markets In fact the sale Of cotton at any
price depends the American article into which the
former Is interviewer to make ii Of at all The de-
mand for the manufactured article and the capacity to
supply the raw material must of course decide the inter-
est OF the spinner The orders for the fabric call for
certain description of goods which can only be made
from American cotton The taste Of the market il thus
liked, and cannot be altered until time and experience
demonstrate that better and cheaper article is offered in
competition to that produced from the,Amercan staple
II the Cotton Supply Association succeed in growing
cotton in India they must appear eventually in the mar
kets OF the world with the fabric for buyers The real
difcuy and the fatal one, will then appear The pu
chaser will seek to gain by the competition and the Eng
ish seller will either have to offer very superior article
at an equal price inferior article at grcay-rc-
duced price The English manufacturers by excluding
American cotons entirely from their mills, will sim
ply enable the manufacturers of other countries TO
buy their stocks at such reduced prices to under
sell them in every market in the world IT, on the
other hand England continues to buy from u.s. she
must continue to do so under the present excess of
consumption over production So far working short
time is concerned, il is serious question whether it is
not necessity of supply rather than of price The
cotton necessary for working full time with present
ducton Of stocks cannot certainly be furnished by Amer
ica That is admitted in Europe in the bestrnformed
quarters The deficiency must from some other
source and thesuppy from whatever source it may come
will not take the place of American cotton at least inn
mediately Time will prove if it will do at ALL
The prospect Of good harvests and the favorable
dltion OF trade in India China and throughout the East
producing the natural consequence in trade at Man
chester The contemplated reduction Of the Of in
tcrcst in the city Of Paris is considered by many
artificial measure decided by government to effect the
elections Whether the suggestion be correct not it
is to be observed that the general rate Of interest in Ger
many and other parts of Europe is lower than that
tabshed by the Bank of England which is nearly equal
to the usual commercial rates for money in the United
States money market.
The opinion most to be relied upon in Manchester is
that cotton will not be lower unless there should be
unusual yield Of the coming crop If the next crop
should be largely three millions of bales the active
demand early in the of those who not wishing to
hazard the risk of falling in the supply prefer to
purchase the first appearance of the crop, viii
maintain steady price to the American holder until the
extent of the crop Is absolutely asccrtancd any surplus
would be necessary to supply the stock on hand now
almost exhausted in all European markets.