The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-08-14
THE FUTURE PRICES or COTTON.
lrrom the rImes of India. june NJ


" II very encouraging thai 'ssuTsts' not
scorIfuliy discarded other cotton + within
reach This used 10 he tho case in former years;
flair Dhoiicran and Berar only keep thelr
rclaive ground in the Engtih market steady dc.
m.nd may De counted upon for lcin, and at hpure
much higher in proportion than obtained in former
years compared with long.siapioi Egyptian and
American. rho strenuous sseTtions that have been
made IN Western india. by collectors cotton inspectors,
and merchants themselves, In promoting the i'm
proved propagation and honest packing OF cotton,
have told wei. In raising the character the Bombay
export In Lancashire II regarded quite different
article compared with the diTty ana mixed cotton that
used hc from hence seven or eight Yeas ago
Tho gratifying result staple export never
again be neglected in the English market These
sdcfatons are, We think quite sufficient 10 -how that
Of orr better varieties OF cotton NJ all seiy 90
fai again 20 the prices usually Obtained before tho
u VIII, indeed, be needtul 10 push TO tho VI
most every kind OF effort that has been nadt TO
imp Owe Tho staple and condition u our cotton
PsradoNcai II seem, IL h true, hai the high
prices obtained have checked tho Improvement Of
cotton While Of market. why should
the class 10 blame for adueratio-thosc VINO bny
dircc, Of The OBSERVATION-DISCLOSURES themselves about uDr
distinctions ~ qualiy or take excessive To- tho
CONDITION and honest packing ~ an article for which they
have customers ~ WHY Now, this i-ess dirposl
ton must he lad aside ami IL reasonable expect
In these respects, seeing that frc. ,pend
upon quality much more than dnrng IA. lasf few
ycars Counting then, upon Quality Of orr cotton
being improved year by year here u good ~
hone that remnperatve price wi bc obtained Tor ~
We suai. indeed, be reminacd of the vay iDcseasei
production OF cotton in other countries: but u nHst bs
remembered that sumption mas rho Increased IN
spite ~ hish and '.h love-. rac. nny :. essct
Early In 1851 tho total annual manufacture ~ cotton
was esti,naied by very competent auhoiriv % be
represented by the work OF six millions Of spindiss
three Tor Great Britain, Europe aud
rica The writer added - TO furnish this large
manufacturing with the requisite supFy 81 raw
material would require an annual increase oi aooco
bales Of cotton That incrcasr needed ryer and
above the average exports Of several previous yenr IN
cuding, doubt, Of the heaviest years %
the slave Grown American production. No one VIII snp
poe thst anything like that increase accrued fon
all sourres although the indian crop o' last year was %
large; ana not only cropscsrinin 20 be mach
smaller this car than last but the supplies from lima
and Bengal Ues des from many ~ the experiment p
ton ground stimulated only by high priees-svn be
almost wholly withhold from the En- gl.si market Then
we must consider how low are the stocks ~ cotton
cloths IN all parts ~ the world and thai, lou.
IN prospect ~ a sieadiiy Increasing demand five
year ago Mr. Bailey, ~. v, sasl that the proeue'0n
81 cotton manufactures increasing yearly - lite
~ per cent. and the exports oG cotton s<re
az ami half per cent per anuuin. There !. lod
reason believe that this rte of consumption lsl
in the present year hc enormously increased - AinsH
he Ieady purchase enslS.ly a. thu
balance ~ tradc viii permit and. the wong ris-f ~
Engiand being piospargus there VIII ~ large imc
demand ~ fact, the only cbceA inst DOW - The ley
rapid increase OF English manufacturing industry ald
especially IN her umption o cotton, ~ t. d1fctnCs
of laboTefsuot ihe deficiency or dcafness ~ Nd raw
material A. Il seems - Us 4 s ,he uohahty t''o
labor sfupls falling short and the II W. zoe ng
! that threatens Eng'auds manufacturing snfrhaey
much directly tl1u does The r.no,e prospect %
/ falling ~ IN tic yurpiy ~ coal
Although think there ~ no probability ~ ftfal
/ fanns 10 ,he faie of prices b.oro tho war uut 1.
! wha. freo America eau urodgcc W. have fssys
| urged hat tho Indsn cutvpfor must ulasasel'
! &c prepared lor competition Win his oh rvAs
4 w the ronthern states "a rho price 81 cfnnlD.
ae, always tsnd 10 aceou mediate thcns H. tbe
co.t 10 production the cost - misng coli,f funder
The rvstcni IL hmcTlca Will for Ions detrmine
/ The price which the indian ouitsator w ne
nkolr % obtain. The deiuson Thar the afef"f Wien
feed ya not work indusironsly T. one that 4 nyfei
only ~ ignorance o. prejudice. rncrs have arr " ben
proofs afforded ~ Anlcrsa Of Their willingness wofA.
and % " power produce iban sa,ty II
their a'c r,sier 40 not IKE The planters - t'nses
dad -