New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-11-30

and the free expectation of cotton. We may,
therefore, considerable cotton trade of lS61'62 as
real lapse in the history of the cotton trade. 1t
must not be overlooked that Great Britain from
June, 1872, to March, 1915, got through without 9
bale of cetton from the United States, though the
cotton trade at that date was of very dilninl-
tive character; nevertheless, it was an Important
item in many respects, and may answer as COM
parison in the present attitude of events.
Our correspondent seems to think thai our hgnFes
entirely too high in the quantity to be received
in the spring months. We are willing to await the
course Of time to decide this question, feeling san
cuine that we shall conquer our correspondent, as
we have in more instances than one heretofore.
"rALs ON ,cuANGE" AND THE COTTON SUPPLY IN
ENGLAND.
Albeit entertaining great respect for g Talk on
'Chanpe.u and the general correctness of his
statistics and opinions, cannot refrain from ques-
tioning the estimates of his statement in this morn
ings issue, that " the stock in Liverpool on the 8th
instant was sufficient, at As 900 bales per week, to
last till the 18th of March, to which may be added
the expected receipts from East India in January,
February, March and April of 200 600 bales, which
will carry them through the middle of May next
have before me the Monthly Cotton Statement,
not of Liverpool only, but the whole Of Great Bri-
tain, to the lst of Augustine latest have been
able to and. The figures show the stock in Great
Britain to have been 10S0,0O9 bales, of all kinds,
Total supply to the close of the year, say 900
bales. For the first seven months Of this year the
amount taken for consumption in Great Britain
averaged nearly 1000 bales per week. while the
export reached over Is ,00O-total demand 81 GOO
per week. At this rate the supply would be en-
tirely exhausted by the LIST of January. On the
suppostion that the aggregate reduction in con.
sumption and export, dating from the lst August
forward, reached % per cent, it would make the
total demand $4,000 bales per week, which would
beexhausted by the 18th Of February next. At a
recent interview between Manchester Commits
soners and The Viceroy of Egypt, the latter held
out no hope Of larger supply from that source.
Since then an unusually great overlooking of the
Nile has diminished'the prospect. The imports
from Brazil and Egypt are both smaller this year
than last. Now for the East India supply. The
largest quantity ever received from India was in
1857, which, under the influence of very high
prices, reached 1888 coo bales; the year before
being 472,000, and the succeeding season only
100000 in 1858, $1,000 and in 1869, 10000 bales.
Up to the LIST of August the import OF East India
cotton in Great Britain, for seven months, was
AIS 900 bales, with 100000 at sea, making in all
1885, 1000 1t is wellknown that to furnish this guam
tity, the usual shipments to China have been
curtailed; consequently, augmenting the Chinese
demand for English manufactures. In 1858 only
one seventh part of the India crop reached Eng
land during the first three months of the year. and
in 1853 only one-eleventh part say $4,000 bales.
Bearing in mind the heavy receipts during the
present year it is fair conclusion that during the
spring months of 1862 England is not likely to re-
ceye more than one fourth of the 100000 bales
calculated on by "Talk on Change" The pres
sure must even new be very severe, not only in
Great Britain, but on the continent. What steps
England may take to help herself, we shall know
after a while. In the meantime, we must 90 to
work, and by our own efforts try to open our ports
to the commerce of the world. Every vessel that |
brings from friendly port what is needful for our
selves, should be allowed to take away cotton in
We have already demonstrated to the !
world that we can control our own affairs, and that
the cotton crop cannot be reached by the Lincoln |
Government, as was 50 vauntingly proclaimed by |
then1. --M-