Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-06-19
A2S783
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Fr77 the New York Tdoun5I
Mr.. Edward a .kiason hss submitted 70 the
Boston nOsTd Of trade reuOrt on the cotton
mauulscture5 of 1852 which presents a valua-
bic collection of statistics, and discusses iatsl-
gently some very interesting and important
questions concerning the production Of cotton
In other countries than America, the depend
ence Of both Esgland and the North upsn the
South for futsre supplies, and the change in the
system Of labor, which gives promise of q sup
ply hereafter equal to the demand.
The cotton crop of lS60-6l was Ebsut one
million bales less than that OF tho preceding
year. The knowledge Of this fact induced the
Massachusetts spinuers 20 lay in q full years
supply, aud tue stock thus accumulated sRsble
many lsrge mills TO continue running in part
till late Ia 1862, though the prices Of cotton pre-
yious TO November Woald nave afforded no
pTsfit to the manufacturers, if their material had
been purchased 81 the ruling prices from month
to month Subsequently the scarcity Of goods
carried the price 20 point which made its
manufsctuTe profitable even ct the existing
rates Of cotton.
Isis estimated that more than oue-half the
spindles in the country were stopped before Jaa-.
uary lat, 1864 By the lst of june, in tbs same
year, of A 745 80 spiutles, 3 252 000, being 659
per cant, were stepped, and ] ,493 80, or Sl3
per cent in operation. Ia July, says Mr. At
. NJ
reduced to less than twenty FIVE per cent. Not
long after, large Government contracts for duck,
hannels and drills were undsFtaken many mills
were started again snd on the 1st Of Novem bsr,
when 8 second estimate was made Of the spin
dies in New England and New York It appeared
that the number in operation Wds l6l $50 raoro
than 10 jane.
The large decrease in tie operstisnl Of tbs
cotton mills throughout the year Gee asionsd iit
Z g g
army aal she GsVeFlMGGt Voszsh'ps, and
other industrial rssou. ess stimulated by the
war, Eaya employment 60 the nsa ssJ t
/ mauuiaeturs Of woolsn goods, shoes and clelh-
Firg occupied the women. I, was found hat Ia
( Lowell, Mass, the deposits ia the savings
banlrs--s sure tes, Of prospe1ty-ha3 consid-
I erably increased during the year Seine cf the
4 mills have paid large dividends, from causes be-
I fsre slatsd, bat great number have absorbed
/ earnings, sRrplus asd all resources in tia ex-
/ Peusss Of idleness.
Daring the year 1852 many new varieties OF
cotton found their way 10 the market from Ia
j dis, Sam, Hayti, Jamaica, Brazil, Peru, Hon
/ daTss, China and Japan The estimated im-
port of SUrat cotton iuto America d from % 0Oo
1 TO 30 600 bales, which is larger than any other
/ from foreign countries. The import into EAg-
/ lsEd for i've years previously 70 1861 was
] 2575 400 bales, ef which 1,3lTS35 hales
]
! Bat neither this nor any Other cotton new
known can supplant tbat Of Auoriea in the
/ English market, even if it could be supplied a.
/ once in sufficient quantities FROM tho collect
ed data Of manufactures, tins average number
Of yarn spun in England b ascsrtained to be
between 40 and 45, SuraE cotton caanot be
spun UnniIsd vita economy or profit into
any number Of yara shove 80, sna even that
numbcr is not to be attained without 2
very great rsducti0s Of product ard increase OF
cest. Sursts are avaisble aud useful for Nos.
IA to "a, at heavy rate Of waste, dsereaae Of
product per spindle, snd incresss Of cost Of yarn,
requiring, also, much closer attention aad harder
work for the operatives. II English numbefs
are reduced 50 as 70 maks Sorat5 generally
available, which cannot be done except at az
immense oullay f5r new machinery, the require
nsns Of Der spiadles would rse from 3l# g
nearly 10 pounds per day, aad ihs imnaase
crop Of India could not meet the demand ior
years e come. ln word tne demand uR9H
Hgsna is Tor shs fine goods, which sara
ton vii net meka, and though ths supply q