Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1860-02-04

continsnt would have received 1,050,O00 bales
trom the States; and less than this can not Be
assigned 70 Il this year, with the rapidiaerelse
IN consumption that il taking place. | do not
aiiosF K a larger share, because IL seems pro-
blble that the increased consumption Of the
Continent in 1860 vii be chiefly borns b.
Surat cotton, a. vii afterward be ehcvn-
n northern s~pinners in the States were get
ting the same per centags as last year, their
share would be 6I0,0Q9 bales against 100000
bales in 1889, and COS, 900 bales Ia is57-their
largest year previously. As their consumption
last year took such . great stride, the pre-
sumption Il against Es making another heavy
advance this year, and Il would hardly 6e safe
to put their requirements at more than oou'uOJ
bales. The distribution Of this crop, as COM
pared with the last, win then be as follows 3
1850 1853.
Erps1 o. ne continent.. = o5o. 900 bales. 1000 900 bales
ErDEi o asisad...-ato9 o 4o9e9o
les A. sea. 49,. 5o,ooo lucudsd ayors.
Adisd 70 sfoef iusoTts. rie-.-.--. w.oootaiea
Total crop red 1t orts..<Io 900 bsles , $50 coo bsiss.
On this theory, the Proportionate distribution.
Of the crop would be almost identified with
that Of last year.
For the sake Of simplicity, I shall now con-
slider the assumed export Of 10000 o bales to
England-meaning BY the term the British
isles-ss constituting the supply available for
~ NAN1NAH NNAAF kAaA-l 1T - AMlN NNM 20 NsMN
In mind that we received sn enormous import
Of the present crop before the end OF 1S59-say,
in round numbers, $4,000 bales, against 250,-
900 bales the previous wear, which latter figure
had never before been exceeded. II the next
crop should prove later, or the early shipments
light, or the winds unfaYorsbie, a much
smaller amount mightreach us before the close
q this year, and in hardly any case can a
larger share be received. This point, however,
is Of little real Importance FOR II the stock at
the end Of The year Is either increased or re-
duced, 100000 bales BY the caprice Of the
winds, the cause being apparent, no sensible
effect is produced.
Tue next point that requires to be considered
is the P obable amount Of East India cotton
arriving within the year, department Of the
cotton question which, unhappiiY for the sta
tist, has not yet emerged from the region Of
conjecture. All that can be done in this case
is simply 70 indicate the leading Arguments
which are advanced on either side, and then
strike the balance roughly as best we can.
Il is certain that the development Of produe-
ton In that quarter OF TIE globe has not
equalled the general expectation. The saying (
was once proverbial that supply from India
was solely a question Of price and as the to-
tai production Of the country is known to be
enormous--enerally computed at more than
three millions Of bales-it seemed only rea-
sonable to suppose that the small per centage
exported might be vastly augmented under the
stimulus Of extreme prices. The immense sup
ply Of 1857, amounted to 6Si 900 bales received
in England, and 500, 900 bales in all Europe,
seemed to eountenance these views. But in
the following year, though the price Of Eas.
India cotton continued very high, the supply
fell of one-half; and last year, with prices IN
Bombay still fifty per cent. above the currency
for many years prior 10 1857, the supply was
still greatly short Of that year, and little above
tie average Of previous seasons. T. appears,
then, that price is less eficacious than was
once supposed in attracting large supplies
from India. A more important agent is the
extension Of the railway system, which is al
ready beginning to ramify through the cotton
growing districts, and, judging from the great
extent OF works undertaken, there is little
doubt that the supplies viii Be largely aug
nented BY that cause, 10 time, ~stleast, il prices
renuneratire.
The improvement Of communication, how
cannot materially affect the suppiv this
year, and therefore it would not be reasonable
to look FOR a very great advance over the last
probability, however, seems 20 be in favor
or some Increase, for there Is an excess Of
10000 bales adoat, and Larger amount OF the
old crop than usual is alleged TO remain In the
interior, which will come forward freely 1u-
ring December and J~anuRry. The prospects
Of the new crop are also goo, 80 that upon
-uN "ueie ~ NNWil DOT ue ealt 70 estimate tie
or East India cotton into England this
year at less than 100000 bales, against $4,000
bales In 1883, and an average Of $4,000 bales
Tor the last i've years; and In making this
| an prepared TO see a considerable
shipment direct to the continent, perhaps az
much as 100000 bales against 65,006 bales
year; for the great falling Of IN the home
consumption Of SBrat cotton, coordinate with
a rapid Increase on the Continent, is dimiaish-
me Hhn mmNmHman
sntrep0t for this branch OF trade.
The last element Of supply that remains 10
be consideredi is that Of long stapled cotton.
and from all / can learn there seems d tie rea-
son to look for much change from that Of las;
year-which was Of average amount ; saw, in
numbers, $4,000 bales.
III total supply OF cotton for 1850 will then
when compared with that Of last year, as
1870. rsn