The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-03-03
SUPPLY AND CONSUMPTION OF COTTON
FOR THE YEAR 1858.

foh lfff 1 FAN 1905.
The following exhibit of the cotton trade is from
the pen of j. y. CAEDozo, Esq, Associate Editor of
the Charleston Evcning Neps:
PROBABLE SUrrLY OF 1858.
The supply of Cotton is at all times dependent on
the weather; but the circumstances of two unfavor-
able seasons in succession. in the United States is
remarkable in the history of the Cotton Culture
The crop of 1851 fell short about IL per cent. of
that of 1866; that of lS5IS will, it is fairly esi
mated, not exceed that of 1851. The estimate
that assumed some 3,250,000 bales has gradually
receded to 5000, 000 and few of the estimates
range higher than 100000 for this years pro
duct
The usual emigration to the virgin lands of the
Southwest would, no doubt, have been followed by
the ordinary rate of increase assisted by improved
processes of agriculture but for the physical checks
to cultivation in a backward spring, heavy rains,
and premature frosts. But for these hindrances to
extended culture, the crop would no doubt have
reached 3700, 900 to 1000 900 bales Opinions vary
widely as to the extent of the production. One of
the indexes by which we may reach an approximate
result is the extent of the receipts at the shipping
ports.
The ability of the planters generally, to hold
over for what they may deem more remunerative
prices, is unquestionable. The high money value
of the staple for the last three years has enabled
many of them to clear off the membranes upon
their estates; and the improvement of their pecu-
mary position is likely to influence their conduct
IN IN this respect, more extensively than usual
These considerations will operate, of course, only
within certain limits, for the fair presumption is
that the next crop will be a very full one, and this
probability is to be weighed against the hazards of
holding, in the prospect of an abundant yield. The
receipts have fallen off to date compared with
last year, to the extent of 9,726 bales but the
comparison, to be proper, should embrace period
of at least five years.
Calculated on this principle, the average annual
per centage of increase to the 10Th February in each
year, from 1872 to 1885, has been little more
than % per cent. estimated according to quantity,
and not number Of bales This is exclusive of 1867
as the monetary embarrassments of the last three
months OF 1857 retarded the receipts and rendered
that year exceptioned In this ratio, the receipts
ought to reach $780, l3 bales Between, however,
the quantity and number of bales made this year,
there is said to be wider difference than at almost
any preceding season. The amount of unmerchant-
able cotton, unusually large owing to the unfa-
vorabe weather for maturing the crop. To what
extent this will operate in reducing the quantity OF
mercantile cotton, is yet on matter of conjecture.
Thus much for the supply from the United States.
The East India receipts in Europe WILL of course,
be governed by the course of political events in the
oriental countries in which war now prevails. Ii
peace should be shortly made with China, a por-
ton OF Surat Cotton which was diverted in lS47 to
Western Europe (Which amounts on an average
OF some five years back, to 100000 bales,) will take
the usual direction in China, which, in connection
with the fall of price in the European market must
proportonay lessen the East India export to Europe
under any circumstances, the European receipts of
East India Cotton cannot be estimated at a higher
figure than 100000 bales, which is dimnution
from last years receipt of 100 900 bales. On these
data we estimate the supply from the United States
at $500 900
East Indies 700,0 900
Brazil, Egypt, &c. 3OO,O 900