Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-06-26
FnE ngarrIssa OOTToH w46DR.

THE EgHTTEEsk GOTTOH TzADR.
OOnuodore n F. Hsary. c. s. Navy
DE2R sR. Tsa enclosed tables. eoupilsd ehiess
from the board 4 trade returs Ehox The course OF tbs
British cotton rads for The x years ThS period
begins at lie cessation Of the commercial panic Of Is5
when ovs- production cOmmsnasd, snd ends with tho
close o. last year Thus furnishing, glance, ths
history Of the cotton imporss e1Psrts, marsaaetures
saa ssles for homs epTsamption for sb hres
anterior and the se seasons snhgsquent to the ssees
siou Of the sonsAern ststss un the Federal Union;
and Iksvvsso shibing the increase IN tbs stecks Of
cotton ad eoston goods during the Arst DIVISION and
t dscsass during the second division OF the time.
ts largest iportatfous of raw eotton took place In
1860 hsn 1880 9ss 752 pounds imported At cost
Of Ra575S $50; aud the smallest receipts wsrSIn 1864
when sa5 s73 2gs pounds cansa hand vslusd st R3I-
Ca3G45 The quantity 1853 was 6s9 5s5 s2ss pounds
worth ss 81 953 The sxportatIons Of rzw cotton IN
1860 wore $50 $50 pounds i9r 1851. 2es 2s7 go
pounds; for ls62, 2I4,7I4525 pounds; and for 1888
$40 ss2 pozn4sths 0f Ia comparison
with imPortatons being very great The yarn prOdue-
lag properties ret weight of he cotton after spin
zing chat remalnod the United Kingdom FOR
faeturng purposes WA IN Is6o 96s 45s $50 pounds and
in 1863 only ss5 @ l5 pounds proving the fsat Of the
extra loss in working the in fsnor and accounting
for he additional amount OF cotton required 70 make
yard Of goods In 1863 over what needed IN 1850.
Though the csHt of the imports Of cotton so
muos greater Ia 1863 In 1850 the value u the
ports was nkewise augmepad-msklng che cost fir
that material in 1850 $50 3s5 6s9 aud IN Is63 $50 1872
o37 Il has been estimated that the prots hsold
stocks OF eoon goods held in f5rsgu markets. be-
longing to Engsh merchants, and disposed Of N 1855
eountsd t. 5 609 900 thereby reducing the exchange
70 about e25 00o00O or sl0o00 900 less than in 1850
As he CID stocks exhausted he neAEn Of pay
msnt win eease and Of course, grsstsr sEsount Of
osev VIII be- required to sstte for The cotton supplies
Of s6 even should the impcrtAtions be no longer hau
In is6s and this too Eithsu allowing for advances
IA vr!os. The frslghts on the raw did not
age, in 1860 ever i've eigEts Of = psuny per pound
v7he in Is65 that charge was about doubled ia eonse
quenee of the producs having been brOugAl longer
distance in some cases. and In ethsrs by expensive
means tsteam) Of transportation The rates fsom the
Mediterranean very high, and The expense Of run
Ming the blockade equal TO the former entire cost Of
tie c6ston.-
TIE largest expectations Of cosOn piece goods
n 1850 wasrs no. 2ls 427 yards shipped along
viih Ig7 655 p0u ds Of twist and yarnthe value Of
eisarances reaching including hosiery and smA wares
E30la $50 Except hOsry etc. the figures for 1se2
were smaller than in any other ysarths total exports
being 30 77Os7L In 1860 7O6 s5s yards Of piece
goods and "A 542 l45 pounds Of tHst sud yarn were
ssnt abrosd veusd with hosiery and small wares at
| s47 443 ga
There hss been a very Slight reduction in tho heme
eonsuulp ion Of cotton manufactures. The prices Of
cotton gscds have not kept pEes wif he advance IN
cotton cent per cent consequence Of the cost Of the
raw material NOT being in ordinary tines than 50
PER csnt Of tho value Of the manufactured article But
that cotton forms the chief cost Of the fabric and
the stocks Of goods made from cheaper csttOns SO
much diminished-theY only one-ffth In extent
when compared with those Of ls60-a continuous riss
may be expected take plaza The nRturSl yearly in
crssss tn the consumption hRs msrely been sAssked-
The rich purchase nearly freely ever the poor
never in the most prosperous times, purchased
than snesd for iheir wants. This Is clearly de
moBstratsd by he qusntly Of cotton goods imported
the receipts from abroad In 1853 about shO
"a in 1850, pfyalue hsWSyer, Wsssisss.--. =,
/ .-.-o o,o 4 - 't-tstuefA sew "
Hfoo O5u u; L T mee, ssv James Arisid st john A
cottor - q Il Rozsnbum, sev; David Weaver, SIT;
rTrafr "a