Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1859-11-12
EUROPEAN COTTON TRADE.

The following IL from the Trade Circular of Mcssrs.
Soltcrfoht, Sons Co., Liverpool Oct. 2lst
We transmit herewith usual review of the Cotton
Trade in Europe the first nine months OF the year. com
prsng Great Britain, France, Germany, Holland, Bel
GUM and Trieste. We leave out Genoa, Barcelona and
Russia, in order TO keep the comparison intact Genoa
imported $4,000 bales against AZ 900 in 1855 Barcelona
900 bales against 81 OOO aud Russia imported direct
from the United States 1879 900 against ~, 900 bales
The Cotton crop in the United States fortunately in.
creases with the growing wants Of the world the last
gigantic one, and yet il would have been larger
but for the nundations in the Spring. The question
to the physical power Of production is thus satisfactorily
settled or the large increase the United States took
this time the lions share.
There is great increase in the stocks in the ports
those in the interior be light every
where while at the time last year the spinners here
as well as on the Continent were well stocked
The consumption has hardly varied during the last four
years. In 1886 II was just much and comI airing
the two years extraordinary similarity will be obscrv
ed throughout, except as to prices.
There Is doubt that Spinners and Manufacturers
have had another profitable season. and this l. probably
owing in great measure TO the development OF the
cxamped wants of lnda the general demand in the mar
ket in consequence so large press upon the pro-
ducton aud this enabled the Trade TO exact their own
terms The important proportion which the export OF
Cotton Goods 10 India has Of late assumed towards the
total export will appear distinctly from the follow
ing
Total exports Of goods for 1857. 1853 1859
mos. millions Of yds. 1875 1897 i.7O5
or which 70 India 327 oil 500
Total export of Yarn,
on which TO India l2 23 30
II Il had not been for this extraordinary demand the
result would not have been favorable for our other
customers, with two exceptions have not taken
much as formerly
In France the consumption has progressed chiefly
owing TO the for from the that hosiilties
became probable the trade Of that Country became para
yscd and has continued less ever since The
consumption Is probably less than appears for the
export Of Cotton In tranSu has been larger than last
year. The spinners and Manufacturers have however
done good and profitable busncs they never provided
themselves beyond the requirements Of the moment and
thus caused the importers 10 hold the Stocks and to In
considerable losses
The Spnners aud Manufacturers IN Germany pursued
much the same policy as those in France, aud did an
equally good business at the expense Of the Importers,
In this Country production has probably reached for
the present its maximum; the existing machine power
aud that which s IN progress could doubt do great
deal more work, but hands wanted not only In this
trade but also In Others and until these can he supped
production must remain limited 10 where IL s now In
directly this want has been boon 70 the Trade for N
larger supply Of goods had been thrown into the mar
ket, prices would certainly have remained 80 remu.
nerstve.
Much difference Of opinion exists as 10 whether the
uueSampied demand for Cotton Goods from Indi. will
continue upon the present extensive scale and az that
Country takes large proportion Of our productou
the question s an important Money mus, no doubt
have been much more extensively distributed In ,hs,