The tri-weekly news. [volume] (Winnsboro, S.C.) 1865-1876, 1866-12-22

""o"'' W ioi,0oiJ making |, ,l4S,-
22l.
Great Britain, as we see, took l.n58,-
OLA Of our Cotton IN ten months, besides
having on hand the lat of January last
1000, ard she has now only 1919, 73O
OF 1t remaining on hand. Will she
want less the coming year? What
amount other European countries took
during the same time, have not the
means of ascertaining, though perceive
from one Of our ports, New Orle ans,
Havre took during he wear ending
September lst, 1866, l4l,Oll.
Another important item TO he taken
into consideration is the description of
the present stock IN Liverpool. Here
we perceive large amount of it consists
OF the East India, or short staple Cotton.
which amounts to 36l ,O4O bales. This
cannot be successfully worked unless
combined with the American or long
staple cotton.
But the great item to be taken into
consideration in arriving at prospective
prices is the amount grown in all parts
Of the world. From Egypt 20O,O
bgles above last years crop is anticipa.
ted from Brazil about the same. neither
an increase or diminution but ir India,
the main producing country aside from
the United States, deficit is admitted,
caused by the heavy decline in prices
since our war closed, and the serious
commercial rcvulsion in that trade in
volvng those engaged in it in loss OF
two hundred millions OF dollars.
WHO WILL BID THE HIGHEST. THE NORTH
OR EUROPE?
But Europe calculates and says this
deficit will be made up in the extra
amount they will get from the United
States above what they got last year.
Here is Europcs aelasion, and she will
awake from 1t when she fully under
stands the amount OF our present crop.
She will require every bale of it. And
If we make only one million, the United
States will require every bale OF it.
Now the question arises, who will get
IL? | answer the one that bids the
highest. And when The present delusion
in the North and Europe. in regard to
the cI"p. gives way to actual facts and
figures, the bidding will commence.
cannot see why the prices should not 60
"a high as last year. for there certainly
is not half the cotton in the South now
that there was at the time OF the sur.
render, which consisted of full crop
in 1851, and partial crops for four years
succeeding, dedncting the losses by war;
and The amount run through the block
ade which was greatly ,overestimated.
We, here in the South, were all deceiv.
ed in the amount Of Cotton on hand ut
the close Of the war. Tbe grea,er por.
'lon of the amount remaining had been
carefully concealed in the woods and OBJ
scnre outhouses, TO keep it from being
burnt, and persons passing over the
country did not see it, and. therefore,
inferred little was left. 1t is true IN
some sections it was entirely destroyed,
but in others not babe WAS lost.
CAUSES OF THE DECLINE.
From the circular before ne. | per-
ceve there is q decline in Liverpool,
caused from the following telegraph re-
port from New York: 'Receip,s from
all the ports, for the week ending Octo
ber 26, $4,000 bales against $4,000,
$4,000, and $4,000 t,rcs proceeding
weeks Crop accounts better white
frost, but no damage" 1t is very natu.
raj that early receipts should be largo
in respect to the total crop when we
take into consideration the following
circumstances The necessities Of the
people compel them to send it i'm.
mediately to market. and take what they
cal get for it, Many were destitute Of
pleans, and had to pledge for provisions
aud supplies their crops, to be delivered
in October and November. Some here
sold their Cotton last Spring to an agent
reDresentin9 Northern and Europeuli