The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1865-11-23

l. q,
the stock at that po-t, q. tlia 2lt! o. ccto'c-
WAS sp.ly 2S0,S70 baic.. g=irst 53l:5l0 bales al
the sar,e date of last :-,r At London, also Tx
steel, is 4o, CSC bales lcah !:sr Il year age lht
stocs of cotton at L;ya: pool. ca Tie 20tl. Oc-c
bcr, cc,ipares with tia; i ,cvcra: 3rcyo: ya$:~
as :0:.oMs:
1856 ............. 2S0,5.2 Isl? ........ al" IGt
1854 - 53l $40 1858 ............. 4ie. s"'
lS; ......... l77,Sl0 i,5, ............. J2i ,Sn
1862 ............. 2a9, Ieo 1914 ....... 49,; ';2t
1S51 ............ 62l,.io $50 ......... -: G Sc @
It is thus apparent :..t ;ira rr2-c,.s sock al
Liverpool! is almost oi.o-!iaif the acreage, at the
same date. fer the seven ycais preceding the war.
THIS consideration nG!; iii very materially affect
the piice were there but light demand; but. con
sideing the unusually large wants of spinners, il
is not surprising that. With only about half the
STOCK held in October, 1864. when middling upland
was worth IS. I'D. tnc ,riet s!uadnow he firm at
2s. ID.
TIC depleted stock OF -aw mate:i4! in England.
and the increasing demand for goods ii eli th..
markets in the world. w.::id thus see.a to Ear";
strongly the mainiena,ct rf iiisii PRICES fer raw
cotton. The GcXt r;ii.: :t:. .!:!:i:; is,liow lar is
this tendency 'iler 70 b. co';:itcrafiGd ~ tc sup
ply frorl TIC producing countries: indis a::ur';''
no PROSPECT uE All increased supp. On TIC COLI
trary Tie Liverpool receipts :'::i that source, fsr
the expired lortinE q ;,; Sar, a.. lss,S7e bales
Eurone is only 29G39i bale, against iio272 bales
AT Tie same t;nlt of '5i This trcre;Is2 i, the
inlie suppiy IS PARTIAL compensate! b. an in
crease, Mt the rate OF about 25uNl bales per 80
uum, i1 the imports ::on i;Taz- Egypt ana o::eI
sources The only horo then foi IN lacraa>:d
supply points TO the urit~si States. We shall: OF
course, have M imrorta:; surplus cvcr tho wants
OF or own factories FOR oZporralioa; but i IL i-
possible to do mere ti!a, vagIe'J guess 1t rs
amount.
The present stock st al TIC poy:s OF the United
States is estimated at lt1, ,oHu h. les, and tho re-
cei.ts from the interior are at the rate o; G'aiv
bales per day; 50 that %ittii SIX weeks wc s-oi.d
have IL receipts AID present s.ochs . I'll. por's
G50 eco bales-an .nOlrt which 1t may be pre-
sunlcd would, az current prices, l,o adequate t"
twelve months consumption for the United States
1t may then be assumed that wo shall have an
amount available for expert cqulvaent to Tie en-
September following, less tic ilcw crop, which may
stand sor the stock at ti.c ports l. IS Impossible
tolcstimate satisfactorily what the amount may
DO. The most general estimate of the amount OF
cotton in the Sv:ih al the close OF the war Is
I,:;o1,00O bales Of sounG cotton. Accepting this
estimate as q safe basis, the following may, per
haps be taken as apprc Zi;aa.cly REPRESENTING the
probable movement of the supply IRON, the close
OF The war to the 1st September, iSGG:
Bales
IN the South at the close G; the .l50o0OO
At thc poSta. ..-........' 00ooo
Supply from May G5 10 September Co.. l.SGooOO
United States consump.iou from May '65 to
September 'G6...... -.......:..-.... 'oo'uoo
$, leaving sor stock and c.vort. $50, 900
According to this estimate, we shall have nearly
orc million Bales available ior shipment and stock
Allowing 2GG 900 bales sr stock at the ports, there
would be 1900 rcnlainiMg for expectation, less
the amount shipped from tho close OF the war up
to date, whici: e about 1000 bales. Should tue
South ct the close OF, the war, proye to be below
tho truth-which wouitt appear quite possible, not
to sar probable-the surplus for foreign export
will be proportionably larger. Upon the whole,
tho supply of cotton trcmf the United States ior
the next ten months CANNOT be deemed sufficient, T.,
" important to materially change the price OF
cotton at Liverpool, provided the present activity
of manufacturing be codtinuod-a contingency
shout which there can he no serious doubt
The probabilities OF the crop OF 1856, however,
must, to some extent, affect the Talue OF the eX-
isting supply. The rreAc;it d;sorganized cona..
tion of tho South makes It diifc::lt to form any
intelligent estimate ss TO the amount OF the next
crop variety Of Considerations arc presented
bales. The negrdes, it is said, are inuoient ana
scattered, and thdir labor, consequently, cannos
be made available hpr planting. It does not, how
ever, appear to be sufficiently cons:dc:ea siiai IA
Dor is physical Necessity with them: popuis-
lion OF four millions of indiscnt people cannot be
supported without their doinga large amount OF
worls, and especallyfwhcn the cost OF subsistence
is 80 high as at present. Much OF the prevailing
ndolence OF the color d people Is due to Their tool
;shly imagining thata millennium OF idlencss has
dawncAr-4pAp them an error which the pinc!iiASs
al jant may safeiY be- left to correct. Very large
numbers are ,,aet1p.oyeS il consequence OF their
having wandered from ticti, CORNER masters.
-Thcy arc in state Of vagrancy sSIa iackihS t.ie
rnnroy and enterprise Of the white Ia SsScr. IN
stead of offering their services to planters tHsS
wander about will; 10 purpose beyond faifosao-
nortine themselves by petty pecuat!ons. lns'
however. cannot be deemed anything more taiE
temnorary state of affnirs to bo corrected by the
iort influence of the vagrancy laws and the neces-
sitics of the vagrGnts. Indeed, recent reports
from the South represent that large nlllnhcrs OF
this scattered population are rctMrnii'3 W aiie'l
former owners, glad to hire and wiiiinS 70 "oEhi
There is nothing in the present conallioh , VI snc
negro population but what must be speedily rene,
died by the joint operation OF law, necessity aaa
the feeling of self-lependcncc; aud It Is perhaps
nuito MS likely that at the opening oi the planting
season. there will be 3 supcrabunoance Oh lapor as
n scarcity for capital which is LOW scarce III the
South is quite as necessary foc the employment
oflabor as labor is essential to the growing oi
cotton The lack Of capital among the planters
would, at first sight seem likely to greatly cheek
the culture Of cotton. The prospect OF handsome
profits will, however, enable the planter 10 hiaAc
terms for advances Of capital. Northern cePiiai-
lists, through banks and other agences will lnTest
largo amounts i'll the South, which will be chiefly
devoted to the raising of cotton. The planters
have always been able to borrow upon the pros
pective crop; and their character for commercial
honor, together with the high profits Of planting,
will enable them to do SO still. Thus the diDicu-
ties connected with capital will probably provo
much less influential than is imagined. Tho di-
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