New Orleans daily crescent., 1866-10-01

chant Of PckensviIle, Alabama, gentle.
man Of fine intelligence, will be read with il.
terest by all engaged either in the cultivation or
the sale, of cotton. 1t is addressed to a leading
cotton house in this city, and the conclusions of
the writer seem to be well considered. 1t will be
seen that he estimates the crop Of the present year
at million and quarter of bales, and that he
does not anticipate an advance in price:
PICKENsyILLE, ALA, Sept. 20, 1866.
Gentlenen-l received your circular few days
ago. for which I thank you. | found it exceed.
ingly interesting.
sent to the Mobile Advertiser, in May last a
communication upon the subject of the growing
crop of cotton, the object of which was to cOun-
teract the effect likely to be produced by letter
written by New York correspondent Of a London
hoise, in whose statements, understood, Implicit
confidence was placed. He represented that the
growing crop could not fall short of five millions
ofbales. Iseected, as the basis Of my calculation,
the largest crop ever grown in the United states,
to-wit 4,500 900.
Iassumed that each bale contained 500 pounds
of lint cotton. This will give an aggregate OF
2,25O,000 900 pounds Of lint. Allowing 35 pounds
of seed cotton to make one pound OF lint, VIII give
an aggregate Of 1876 100000 pounds OF seed
cotton.
If each acre produced 700 pounds of seed cot.
ton it would require that IL 100000 acres OF land
shall be cultivated.
If each hand cultivated nine acres, which think
l,250,000 hands.
The presumption is that the above large crop
was made under circumstances the most favorable
in point of season, and a remarkable exemption
| from all the drawbacks to which the crop, while
| growing, is liable. .oo
NOW you perceive that it requires II 900
| acres to be cultivated in the best manner ny
| / 600 hands-each hand cuitiyating nine
acres and each acre producing seven hundred
pounds of seed cotton, with the season in every
respect favorable to growing and saving the crop,
| to produce crop of 4,500,00O bales.
! IT, then as it is stated-there be One-thlrd less
| land in cultivation, and the force employed be
| one. third less than formerly, the crop, WIZ oi
| course, with an equally favorable season. De one
I third less. This reduces the present crop tC
| COO 600 bales. If it be true (and it is conceded
/ bv ali \ that the freedmen only do twothrds a:
much work as slaves, (but in order to make safe
calculation let us say onefourth less) this again
reduces tie crop 100000 bales 2,25O,0OO.
| Therefore, if my premises be correct, the con
cusion is inevitable that more than2 $50 900 bales
would not, and could not have been made from
| land now in cultivation with the force now EN-
ployed, even had the season been, in every re.
spect Of the most favorable character.
But, on the contrary, the season from the time
the seed was planted up to the present time, has
been the most unfavorabe We have had for many
years; and, two months ago, no planter in this
section expected to make more than two thirds as
much as he planted for and now one-half as much
is considered an extravagant estimate.
If the prospect in this section, embracing por
ton Of Alabama and Mississippi, be an average
one-taking the whole cotton growing region o.
the United States into the account, and eact
planter Shall make one-third less than be piantet
fOr-the crop cannot exceed 100000 bales OF oD'
pounds each or GB6,6G7 bales Of 40 pounds each
My estimate, which is predicated upon the mos
reliable Information ! have been enabIeQ to get, 4
250.Q 900 bales Of 500 pounds each.
The fact that our crop will be a sh0r
one has caused a number Of gentlemen 70 juml
to the conclusion that the price must necessar.
I .I-oI- +l,a r,aTli1 l1Srb in Il
production of cotton in foreign countries, and tn
fact that these countries footed up an aggregat
Of 2,0ll coo bales in 1860. Now, let Us invest
gate this matter:
The manufacturers of the whole of Europe
aua aaay y.4e. .?s.s vo..'',' 's-.. oo29 bale
The United States requires. l0ON00
Tot, amount required by the nanufactu-
heTe fs[s S satsment St before me showing that
there on hand in Liverpool, Sept lst,
1856 $4,000 bales, which, i, with vii. @ the
tTsnty:8ss weeks supply, eqaalto l,92so77
Tn The amount required by ali countries from
From which must be deducted the amount
fadarors ffaSRasss j the United states 10000
III The s52a4 21sr issu'i.1 :, so1..'s ~ 2675e28
tee 5 Of ntess4t n mssfh"pts 3 81 'n2T S bsss ,ha.
E Esyps 5S; $3s G55, snd RFss 546,SS6-5oi%%5i;
to estimate their crop for the present
AID should our crop be only 259Oj0
: wabave ...,......,.,,...,..,....2 2756o0o =.
q Which supplies the amount required. Then yt
= :, perceive the demand will be met, aud by great
9 reduced crops both in this and foreign cottt
Il growing countries. BY what process OF reaso
l. ing then, do gentlemen arrive at the conclusit
j. that the price of cotton must advance? If Il
!. price is controlled entirely by demand and su
n ply, then we cannot hope for an increased pric
If the price is likely to be affected by eXtraneot
causes, then it is as liable togo down as up. II
II price may advance and l hope will, but mu
ii confess that have been unable to discover al
:, sensible reason for believing that it will.
ls Most respectfully, A RETIRED MERCHANT.
DIRECT TRADE WITH EURoPE.-We have alol
r thought that there was no valid reason why o
i, merchants could not import every class of Eur
Id pean manufactures and sell them as cheap as
y done by those of New York aid Boston. Freig
10 is certainly not high enough on goods broug
from London, Liverpool, Hayre Or Bordeaux he
7e to account for the difference always charged a
mr. the expense of conducting business in this city
. certainly not half as great as in the great Nor
. ern cities, where many merchants pay 100000 l
ID annum rent. The great trouble, we suppose,