Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-06-29

TAAE R&ATEEEAA G0TT0N TZADE.
Commodore a T. KeEry. G s. Navy
DElR SIR: Tas enclosed iablss eu.npIsd chIaas
from the hoard trade retuas ahor as course Of shs
British eattOu rAds for the lass sx years The period
begins tie essshtonof hs commercial panic OF is57
when ovae prediction commsnssd and ends with shs
cIoae Of last year. Thus furnishing. Il slaner the
history Of the cotton Imports experts marsisearss,
Sna ssses FOR home consumption for tx lhres ssAsosu
anterior, and the htse suhslquent to The seOss
non Of Che sozsnssn States from the Federal Union;
andIlkswss exhibiting the Il ths stocks of
cotton ana cos0n goods during the Inst division.
tse dscfsass during the second division Of the time
The largest mporstionB Of raw o6ston took plscs In
1860 when 9ss 7s2 poands were Imported at cost
of 5 756 $50; and the smallest receipts wersin 1863
when SO s73 POS pounds e4ns4o hand, vausd at ssh
C9a0as TAs quantity 10 1898 wes 6s9 $50 sss pounds
worth e56277 95s The exportEtions Of ram cotton in
1860 2504ss6io pOuEss; for 1901 2ss 81. .92s
pounds; for 1862, 2l4.7l4,5Ss pounds snd for 1888
aii57O ss2 pOundsthe rats of In comparison
with inportatonS being rsry great The yarn prodne
ing properties weight Of he cotton, after spin
ang thEt remsined IN tie United Kiagdom for smsnn.
fssturng purposes was in 1850 969 43s 5s5 pounds ana
in 1853 only s l5 pounds proving the tact Of the
extra loss in working the ssrOr and accounting
for he additional Of cotton required 70 make
yard Of goods In 1863 over What needed In 1860
Though the of the imports Of raw cotton was 80
much grea'er in 1863 than In 1880 the vRIus # the
ports Ekewse sugnsatad-naking Una nst cost fir
that material in 1860 $50 36s 699 aud IN 1861 e36
037 has been estimated that the profits the old
stsks OF cotton goods held over In fOIsa markets.
longing Easlish merchants and disposed Of IN 1865.
Amounted 10 100000 thereby reducing the exchange
to about 10 OO00QO si00O) O00 less Khan in 1860.
As tbe old stocks are new exhausted he Of pay
msnt viii cease and, Of course, srsstsr AMOUNT Of
money viii bs required settle for ke cotton supplies
1864 should he impcratons be no longer than
' and this, too without allowing for t. advsnee
pros. The rsights tbs raw eosi0n did not aver
sge In 1850 over i've eights Of penny per pound
syhe in 1903 that charge abont doubled in
quonee of the produces having been brought longer
distance in some CASES. and IN Others by expensive
means (steau) Of transportation Ths rates nom the
Mediterranean very high and the expense Of run
nzg ths blockade squal to the former entire cost Of
the cotton.
TIE largest expectations Of cotton piece goods were
IA 1860 wusre 776 2ls. .427 yards wers skipped along
with 655 pou ds Of twist and yarn-the value Of
ossraBcss reaching Including hosiery and ssi wares,
e53O23sO Except Tor hoEsTy etc. the Agures for 1see
smaller than in any other ysar-shs total exports
being go 77Os7l InIs65 17O657s s5s yards Of piece
goods, and 1912 l46 pounds of twist and yarn we're
ssnt abroad vausd, With hozis-y and small wares at
e47 443 9G4.
There has been very slight reduction in the heme
consumption Of eoiton manufactures The prices Or
cotton geOds have net kept pAcs wifi Che advance IN
cotton cent per cent IN consequences OF The cost OF the
material not being in ordinary times than 80
psr cent of the value Of the manufactured article. But
that cotton forms the chief cost Of the fabric and
the stocks Of goods made from ehsaper csttOns
much diminished-ihey only one-ffth in sxtsnt
when compared with those Of 1s60-a continuous rss
may be expected 10 take place. The natural ysarIy
Grass IN the eonsump pton has merely been ehssked
The rich purchase nearly freely ever; the poor
never even In the most prosperous times purchased
more than safhesd for sher wants This is clearly de.
n0Bstrated by he quantity Of cotton goods imported;
the receipts from abroad 1863 AbOut the sAms
! a. In 1860, the yaius however augmented from
T5s O3O in 1866 TO eIc39 s04 in 1863 The expense OF
cotton clothing 10 the Inhabitants Great Britain and
TTsl1 nd WAS as follows: