Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1858-12-31
COtton-Its Power.

In the absence of any demand of moment for export
or Bread otus and the other leading products of the
North during the present season. the movements OF Cot
ton have claimed than the usual Gegree of attention
from all classes of the commercial world. There has
been an active business in this staple for Europe at the
ports of shipment throughout the Autumn and Winter,
so far, thus furnishing employment for large number
of Ships which must otherwise have been idle and created
such an abundant supply of Exchange to render ship
ments of SPECIE to any considerable extent unnecessary
And Notwithstanding there is every probability of the
largest crop the Country ever yielded prices are main
tanned at point which leaves handsome profit to the
producers 1t is beyond ali human possibility to COM
pute the influence this great staple exercises upon the
progress of the wealth of nations MCulloch justly re-
marks The British Cotton manufactures now form
the principal business carried in the Country, and
have contributed in small degree to raise the British
nation to the high and conspicuous position she
cupes." Other European countries are in much the
same condition. Cotton fabrics have come to be the
common want of the world and nothing else supply
it's place. This cheap article for comfortable raiment
has been of the educators and susainerS of the
human The capital invested in the manufactures
themselves which afford employment to such mutitudes
according to the report of Committee of Cotton plan
tiers published few weeks ago, is $2,51OOOOO 0O-
Upon the annual products of fields nearly all this
vast amount of wealth depends. Arrest the production
of the snowy staple and this enormous capital is entirely
obliterated. The connexion and intricate complication
of the culture of Cotton with all the departments of
grasp. The failure to cultivate Cotton in other parts
of the world to create formidable rivals TO the
planters of the United States is DUE not to the unsua-
beness of climate the want of suitable SOIL The
plant is indigenous in Africa in Asia, and in South
America The failure is attributed, in great measure
to the waLt of labor, properly directed and disciplined
and possessed intelligence and cultivation in this de-
partment OF agriculture.
The receipts at the ports are largely in of the
corresponding period of last year. the figures to the latest
mail dates being l492607 bales, against 825793
time last year-increase 6568l4 bales. This large in
crease arises chiefly from the circumstance that large
quantity of Cotton has been sent from the interior fully
two months in advance of ordinary seasons because
its early maturity and the weather for picking having
been fine from first September to about the middle Of
November. Picking is about completed and the
fayorite crop figure 3,500000-some estimates falling
Short and others exceeding that mark The export tC
Foreign ports so far foots up 728588 bales against
1922 1853 last year, being increase Of 305, 1876 bales
1t is believed that fully onehrd, more of the CROP
has already gone to market. The total export of last
years crop was in round numbers 2,590000 bales the
home consumption less than 100000 bales. The con
sumption of the world is expected to be considerably in
creased the present year Judging from the state of affairs
in the business world at home and abroad. Cheap
money an abundance of food at low prices and contin
ued peace must, it is believed, exert legitimate nfu
ence in this direction.
N. Y Shipping and Com. List