Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1863-11-05
Brig
Official: JOHN WITHERs, A. G.



The English Cote" Trads-Gioony Prospects.
The following interesting and important article is
rom recent NUMBER o. the Loscon Times
While Lancashire see to be osciilatng bet ween
revVing trade and returning famine, aud while nc pub
lie is scanning with deep anxiety at the prospects Of
the ensuing winter, place before the country an
exact and particular account OF the made dur
ing the last years to that contamination which is
to render cotton amnes impossible for the future. Il
is known that we have proclaimed necessities to the
whole world, and have sounded demands for cotton
in every quarter OF the globe. In all colonies
the production and export of this precious material
naVt oeen encouraged by authority in all foreign parts
we have applied the smulous OF high prices increase
the supply This extraordinary demand has been
maintained for at least two years indeed the Ameri-
can blockade has actually sted longer than that and
could have been anticipated with certainty for some
time before. Although, therefore, /. must be remem-
oered that cotton planting is not industry to be
matured in month two we might reasonably to the
results now ascerained with iveliness of expecta
tor. With the whole world for s,lle S, and England
for buyer, the market ought to show promising
feature. To certain extent, indeed this confidence
would be justified but doubt whether the pre1om
nant feeling will not be of disappointment
We shall present the truth to the public by stating
the exact figures OF our whole cotton import f"r the
rst SIX months OF the pres MT and preceding years
La 1861 the American supply had, for the quar-
tiers 10 question: been but partially affected. The block
ade was IN force towards the latter part OF the period
but then the exports had been pushed eagerly forward
crisis impending. In those six monhs then, common
C ng with January and ending with jane 1861, the
raw cotton imported into the United h Kingdom reached
the amount of 6 49,, 957 cwt. OF these 5,874435
came from the United States or America lea ing 983
422 to be supplied from other quarters. OF this
mainder, again. India sent 695 542 that only 258
$50 had to be carried to- the account of the world at
large. The balance, to be reduced still further
AS Egypt contributed 205 9l5 cwt and B~azil 50 525
making together 258 48O-it follows that the miscella
neous scattered imports from all parts OF the world
except those named, produced but total of % 400
This anal yss OF the account before will supply
very Convenient standards for comparison Ii contrast
ing the years 862 and 1868 successfully with 1861
have only to look first to the total imports to
those from America, then to those from lndla then to
those from Brazil and Egypt, and finally the balance
remaining, which will show what has been done for US
By the world in general.
In 862 the total drops down from nearly 1000 0G0
as just stated to little than million and hall
in fact, from 851 857 to 652 1873. The decline in
the American contribution explains this once being
nothing less tt an fall from 874 435 to 81 28S-
However, this was simply what Was to be expected
let see how far and from what quarters the decien
CIV has been met. Iudia instead of sending 635 S32
cwt sent OOl ,527 and Brazil and Egypt togeth-
er, instead of sending 258 49, sent All 64 OF the
whole balance therefore, OF ,6l5 AS cwt remaining
to be made up FROM other than American the
miscellaneous parts of the world contributed but l42
254 even in l6G2-Iadia, Egypt and Brazil providing
all the rest. This year the account exhibits similar ea
lures. The total imports have increas to almost
nominal smount-6976. The world therefore, has up-
wards of 100000 cwt to supply and of these India
furnishes l204 763, and Brazil ard Egypt between
them 565 779 1t results that miscellaneous su O.
plies amount IN the aggregate to PSI ,313.
We consider this somewhat discouragng, because it
shows how little at present the whole world stands for
1t is not that the miscellaneous contributions have not
actually increased for they have in fact been multiplied
above tenfod-rsing from less than 10000 to upwards
Of 100000 But the thing comes to nothing when it
is done. The whole sweep of our great drag net does
HIN ,or11ho civ,
Egypt; and this is the more remarkable from tie as
tonlshing extent of the included. 1t seems per
ecty true that cotton will grow anywhere. Even in
1861, when our reliance still upon America, We
imported the material from many thirty different
countries. The next year eleven new sources ad
ded, and sixteen more the year after that. AT this
minute we import cotton from six different quar-
ers and yet, after all, gross supply is scarcely
sWeled by this multitude of contributions. 1t is still
upon one OF two chief sources that depend. If any
thing were to interfere with the Indian Egyptian
exports, should have another fall The " Sc ter
ngs" go for next to nothing.
Nor do we see any indication of material change =
The increase the Indian export has been coDsldera
bic and steady doubt, but not large enough t. put
at our Bombay the chief source Of this Dpy
has rather fallen off this year. Its exports from
656,69l cwt, in 1861 to SAT 480 in 1862, but decn
ed to 9642OO in 1868 On the other hand Bengal mas
sprung up from 5000 to than $50 900, and
Singapore nov first appears an humble contributor.
We observe, too, that China which sent nothing in
1861 and only liz cWt in 1862 has US lilo AGO
cwt in the first six months of the present year. But
there certain items in the account which require
good deal of explanation. The exports from the BAHIA
mas represent, of conrse, not home produce bat
which had found its way to those parts from the Con
federate States and Other contributions probably par
take of the character Still it is clear that get
but dribles of this supply The blockade of the South
ports is effective the cotton kept at home and
Lancashire Notwithstanding all Efforts is pro trate
in consequence.
We do not pretend to say that any evidence at this
early period OF the experiment be considered
elusive Possibly another year may yield very differ
ent return but do not we'll where to lock for the
improvement, 1t must be work Of tina, and the
question is whether time will do it, for it is price
after all, which will determine the result Will India
or Egypt OF any other country, all countries to-
gerher, send Us not only sufficient cotton, but
cotton at Sd per pound 1t So then the
trade Z: Lancashire will revive again but il
the raw material is only to be bought at twice that
figure, then never hnd customers for
factufel articles as before. We have hitherto been
undertaking the whole world 10 cotton sufs SO that our
goods found purchasers n every quarter OF the globe,
and thus great cotton trade created. 1t has
been suspended because cotton became dear and it
never be resumed until cotton becomes cheap We
have fair stores of the material STILL but mannfac-
turers afraid to work it up at the present price
That the history of the case and fear its aspect
10 not much improved by the returns before u.s. Even
as is only cheap cotton in abundance that will set the
mills Of Lancashire to work again.
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eseae. From drawing and description now tefore US