Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1859-03-22

1umpti1n weeE6a1f9 62H zoe 681o
The rise was rapid on the Continent as vel
as in EnGland. in 1857. 1881 and 1852 under I
the stimulus Of gold and fue crops. The rise
was 80 per cent in those years, nearly equal %
10000 bales per annum. THIS figure under
went a slight reaction on The Continent. under
the rise IN food in the following wear, and in
France during the Russian war, accompanied
a. 81 was By dear food, but the q~uantityEaken
again increased, and reached a hlgh ngure m
ls5n, when the aggregate quantity taken was
II ,O4Z bales per week or IN round NUMBER
100000 bales per annums being 10000 bales,
or III per cent per week more than the maxi
mum Of 1852. A. that rate the demand for
cotton doubles every six years. bat that was
an exceptional year The panic Of 1881 car
ried the figures back 70 those Of 1888. From
1852 70 1851 the circumstances Of dear food
and war expenditure seemed 81 interfere with
the use Of cotton Those circumstances are
now reuured, and the quantity q cotton taken
.by EngiaEd IN lele was nearly as large as
that taken BY her Ia 1856. Should peace now
Be preserved on the Continent, the use Of cot
ton VIII be carried more rapidly 10 high fgures
than ever before, particulafiV in Germany and
Holland. OF the quantity taken BY Great
Britain, a large portion returns 20 he countries
whence II came. India in her best DAYS never
sells 50 much cotton as she buys, and viii
never b. able 10 make her production Of the
raw material keep pace with her demand for
goods, and the sane fact is true Of ali produc-
ing countries except the United States, whence
alone the countries Of Europe can draw a sup
ply t0 meet their growing wants.
The United States prcduce a large surplus cf
cotton, but hey are the largest cotton consum-
Frs in the world, taking more weight Of cotton
annually per head than any other nation, and
The same remark applies 10 all clefhing mate
rial The stock Of cotton on hand al the cloHe
Of 1855 in England, was smaller than al the
close If any year since 1870, being but 46l,-
QsQ bales. sTh average for the last SIX wears
was 655,00 bales. The United States supply
his year viii be very large maximum crop
The average increase Of The supnlyfor a series
Of wears Isl, however. far below the above fg-
ures Of consumption. The average quantity
taken In England and on the Continent for
three years ending with 1882, was 5000 per
week, AID the average for The three years end
ing with 1857 was 5000 bales per week. being
an increase Of p per cent. per ennum. while
the United States crop has increased in no
such proportion. On the Continent Of Europe
the average for the three years ending with
le1z was 1900 bales per week. and for the
three years ending with 1855, 2e,oo0 bales per
week, an increase af40 per cent, or 10000
bales per annum, dependent entirely upon the
United States for its futuEe. These are results
which point 10 a very extraordinary state Of
affairs IN the southern States. They are The
only sources Of supply for an article which
has become indispensable 20 meet The demands
for clothing, growing stiil more urgent in Eu-
rope 10 the double ratio Of growing numbers
| and increasing ability 10 buy clothing. This
fact hai for several years hack manifested
itself in manner TO send up the price Of cot
ton and hands IN 2 remarkable manner. The
stock Of cotton, which in England accumu-
lated annually from $4,000 bales In 1890, TO
100000 bales in 1854, has since, under in
creasing supplies, dwindled 10 s6i, $50 bales,
- 81
crop In 1875 Of 100000 bales was Eix cents, Z
rose % twelve and a half cents on a crop Of
3y52l 600 bales in 1856. The advancing price
Of cotton and hands may tend 10 some new
mode Of production. II field hands can raise
cotton in certain sections 10 weld a pnoft of
six cents, other labor may seek the profit when
the prce IS 1000 cents. 1.-THE cultivation az
cotton, through the large demand forit, should
hold cut such large profss a. a proximate
price Of twenty cents would indicate, b VIII
attract to II great numbers Of cultirators who i
may not Be able 10 command hands. Tn any 4
event il would seem to be inpossihle 70 limit
the supply b the rule which now governs i. I
viz-the natural increase II hands. Either
Tie latter must be multiplied by other means,
OF their operation supplanted bY other indus
trisls-Unffe3 States Econo1ia.
Nav H~AnFsHrnE E1rcrsoT=The returns
from New Hampshire give he following sum
mary or The result Of TIE election in thar
STATE The Republican vote Of this safe, 50
far as beard from, 1921; Democrats, 81, e26
making Soodwin's majority 3,795. Tie whole
vote o. The State is about 7o,00o. The vote 81
last year was, Hale, 36y3s3s Gate. 3l-59l
Hale's majority 4.7s2. There arc thirteen
towns 70 hear from. which. taking the vote of
last year az indicative, viii give Goodwin
s,sls majority. he Congressional returns,
50 FAR az heard from, are, in tie FIRST District I
the majority foE Mr.. Marstom viii Be about
$50; in the Second District, for Mr.. Taupan,
1896; IN the Third for Nj. Edwards. fron
1000 to zoe. The Republicans have chosen
eghi, and possible nine, out Of the twelve
state Senators. They also count upon seventy
four nsio1ity IN the House Of Representative I
r.-r~.H ro,-u,Frr.