The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1863-07-29
5,5oOO,,
s ne'y on hand ON tho IL. September,

1861 --.---.-.-.- u, ,WHUVV
Or th;s quantity. however, il is not hkeIy
that moro tnaL g. 600 0GD bales conld bo cent -
r.larkst prioe 10 ths ci,ss of the chipping Aaa.
sou in 1864, unjer ths moot favorable circum-
slaucas. one .haii,of which will be required by
ito maTinFal,ursta OF tho American Ssates.--
Should psgco bo concluded by the lss uf July,
more thaa ear thereafter would 30 needed
20 ,laee the iuland transportation facilities Of
the South ia the sams condi lon thas tAAL oc-
eupisd previous 10 the war, and IN ms 1ean.
.-saliA .is- prec ana of gstAi1as 80 soA90 tas
pcrts would not only be very tcdi0ua. bus very
expensive. The usual imports Of cotton into
Gs.s. Il -itain eonsist Of eighty per ot AmeTi-
can and twenty per cent. other sorts. The sx'
ports from here to the continent being princi
pai,y OF SaTats, leave eighty hve Per cent.
Amescan 10 nal what are known ~ British
iabfic. Of which tasre WAS an extra large
stocs in all parts Of the world ut the breaking
gu; of host,ii.5s. In fact, the American crops
of 1888 1859, and 1860, averaged IN excess OF
,Oul, UUtt each, or aa accumulation in tho three
wears nf ) ,tuo 010 bales beyond the wants OF
mA,,kiad This extra quantity received o fie-
siiious consumption by being passsd through
British ioonla, an adin ional spinning force OF
tbirsy per cent. having been put In motion
ws.n thers AZ no OCCASION Tor tuch IN w
eTeaBe, as crcunistarcea have proved. This
was eIual 10 a year demand, which, with the
ordinary two years supply Of cotton and c0t.
countrisa independent Of the South for the Pc
ricd Of three yesrs, assuming that the ware.
houees would be ent;ss!y emptied Twenty
q K llonths of that time have already ellpsol,
and thiItv nion,ha viii have trapspirsd before
any possiil4 relief csa be exPorisncsd. Cot
ton il ro~ selling at Liverpool At "thrss
priGss" or .miue rates. What, then, kaess b
It's value few months hsncsI surely the
warehouse il Jofs cannot be swept clean.
AFer tgo years of agitation" on the sub
,sct Increased sappliss 90 not come forward
from Inc ia and other countries, tho additional
quantity thence not exceeding ths great waste
IA Tbs Federal 3.a,e3 Tor war purposes. Nor
js i, PRO oao.e that there would be any demand
f,r such "ou,sids" productions. They may
..,lsxas for cartain descriptions Of nanufac.
turss for homs use, bat tha gnsst export trade
OF Gss and is in ,,.5o3s made from American
cotton. aud il aeens folly to imsgiue tsat lndisA
can in any event occupy the place OF Ames'cS
IN .a!s r.r,icul.T, uuisss by soms freak OF ma =
,nro the pecali.r climate influenced By tao
Gni; otrea.p, and other advantages possessed
,,T .he States for tho cniture Of their staple, ba
trauqoorted to the fis east. The average con.
su.apt.ou "a both eiiss os the Atlantic, subsS.
aasn. 10 the discovery CT gcls 10 sis:.seSnis and
Aa. trai,a, has been abont ,DDU ~ bslas per
aunua, for ten years preceding that spoch
was only 400 0uO baiss. IL 10 reasonable "
su ,uipse then, that upeu the recurrence ol
psass the demand will greatly increase.
On tho LEI Of september nsxt there win .
only ono years stock Of raw cotton ss The Old
estimate sni the warehouses viii e0aaaia g1a
a; ;x mo-,ths' euppiy Of cotton aud c0te9o goods
wl.ersas they should have enodaa .or TIVE
y..rr rhi, makes deficiency eqaiyalsus "a
4,GG0, ,le0 ba.es, takia9 iSto confederation tha
l. ordinary stocks, and 800 600 bales AsloW
what waa in existence at the consnmiua poinas
| q. tbs s:sse of the fall of Fort Sumter. 1i will
| therefcra eq1irs three or four seasons Of Sx.
csssivs cssps 20 bring cotton down 70 ita non.
10 bs supplied, bat the usual stocks have - %
| cnnulsle. Tie capital wishdrawa from ~
| cotton trade by reason Of the A0erlc&o va
/ ia, tsen tho msans Of founding joint aoea
| baf.ks and financial xssociationsi In taFu, th<
saIns fn.ds will pass through thess DaW slsvel
| inta thsir aeeussofnsd channel The foye9ojsl
| s;at@n,ent differs from one Inserted h yoSs ooI
ua,sa .ome days ago 70 ths extent of ,5OO, ,Ool
| i,,les, tAs writer Of whisl, cSe13euksA q
| ih.s, however, does u % mnnnos Aiminjel
tho RI soarcss of the Conte1asasys % ~ 60
trary it auymsats The wealth. cf ~ psspee .
tho South, rs 8 3.00U, ,cUO baiss vt0 - ~
| money than 4 5D0, go hAles, tAe psi1e yu11l
! higher aud expenses isoA 2ngppom - VI
| a. American AsAteemsu, nj bm1nG oWnse =
ths deta,is of msrcauSiie aAakiFs, e0ny1in1e1 y
error a ,ssiuhing thxs the Wnr woui1 = -.
s.asae a ccs.cn .spineh." 3nsy nSt ooey -
no a,Iewaacs 81, ire usnai tWO yea.S -
lever in ssoc1, hstfs:: tAs aktfs 80. =. "A, = ~
to an addsiauxl yearf -
earth productions thai ang1N~s ~ 49,. -
rarely carried oyer shs ysas e 49, .zs.ss r
those cosasoaiaiss ssqdtfe1 tsE aealn1 =
generally held in sa1Arisee qeAnaaD -
| rsu,.. consnupSion.