The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1863-08-11

Stock on hand lst September, l863.3, OOO, 900
Of this quantity, however, it is not likely that
more that 10000 bales could be sent to market
prior to the close of the shipping season in 1864,
under the most favorable circumstances one-half
of which will be required by the manufacturers of
the American States. Should peace be conclud-
ed by the LIST of July, more than year thereafter
would be needed to place the inland transporta-
ton facilities Of the South in the same condition
that they occupied previous to the war; and In the
meanwhile the process of getting the cotton to the
ports would not only be very tedious but very ex-
pensive. The usual imports of cotton into Great
Britain consist Of eighty per ct American and TWEEN
ty per cent, other sorts The export from here to
the Continent being principally Of Surats, leave
eighty-fve per cent. American to make what are
known as British fabrics, of which there was an
extra large stock in all parts of the world at the
breaking out Of the hostilities. In fact the
American crops Of 1858, 1859, and 1860, aver
aged an excess of 10000 each, or an accumula-
ton in the three years of 100000 bales beyond
the wants of mankind" This extra quantity re-
ceved, fictitious consumption by being passed
through British looms, additional spianing
force of thirty per cent having been put in motion
when there was DO occasion for such increase,
as circumstances have proved This equal to
years demand, which, with the ordinary two
years supply Of cotton and cotton goods always on
hand, made the importing countries independent
Of the South for the period of three years,
ing that the warehouses would be entirely emptied.
Twenty-six months Of that time have already clap
sed and tIirt rmonths will have transpircd before
any possible relief can be experienced. Cotton is
now selling at liverpool at "three prices" or fl
mine rates. What, then, must be its value few
months hence? Surely, the warehouse floors can
not be swept clean.
After two years of "agitaton" -on the subject
increased supplies do not come forward from India
and other countries, the additional quantity thence
not exceeding the great waste in the Federal
States for purposes Nor is it probable that
there would be any demand for such ''outside"
productions. They may answer for certain de-
scriptions of manufactures for home use, but the
great expert trade' of England is in goods made
from American cotton, and it seems folly to imag
inc that India can in any event occupy the place
Of America in this particular, unless by some freak
Of nature the peculiar climate influenced by the
Gulf stream and other advantages possessed by
the States for the culture Of their staple, be trans
ported to the far east. The average consumption
on both sides of the Atlantic, subsequent to the
discovery Of gold in California and Australia, has
been about 3 100000 bales per annum; for ten
years preceding that epoch it was only 100000
bales. It is reasonable to suppose, then, that up
on the recurrence Of peace the demand will great
ly increase.
On the 1st of September next there will be on
ly one years stock of raw cotton at the old esti-
mate and the warehouses will contain six months
supply of cotton and cotton goods, whereas they
should have enough for two years. This makes a
deficiency equiv alent to 100000 bales, taking
into consideration the ordinary Stocks and 7GO0,-
! 600 bales below what was in existence at the con-
Stunning points at the time of the fall Of Fort Sum-
ter It will, therefore, require three four sea-
Of excessive crops to bring cotton down to its
nominal price. Not only has the ordinary demand
to be- supplied, but the usual stocks have to accu-
mulate The capital Withdrawn from the cotton
trade by reason Of the American war has been the
means Of founding Joint stock banks and financial
associations in turn the funds will pass thro'
these new sleeves into their accustomed channel
The foregoing statement differs from one inserted
| in YOUR columns some days ago to the extent Of
| I, 500 600 bales the writer of which overlooked
the quantity consumed in the Southern States
This, however; does in no, manner diminish the
resources of the Confederacy; the contrary it
aughents the wealth Of the people Of the South as
4 100000 bales will net more money than 4 500, :
600 bales, the price ruling higher and expenses
less European as well as American statesmen, not
being aware Of the details Of mercantile affairs.
committed an error in thinking that the war would
at once create cotton 'pinch." They not only
made allowance for the usual two years supply
over in stock, but for the extra quantity equal to
an additional years wants Although the earth's
productions that used for food are rarely carried
over the year OF their growth, in consequence Of
their perishabe nature, all those commodities re-
quired for clothing generally held in sufficient
quantities for two years consumption.
NOTICE.