Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-05-09
AmERIcAN AISLE nRIr1sn 1n6nf.

In the New York Commercial and Fiedh-
cidl Chronicle, of Saturday, We find the Ion
don official returns of the trade of Great
Britain and the United States for the first
two months of 1866. We shall! make an
abstract Of these returns.
The values Of exports Of British and Irish
prodrce to America, during the two months
ending February 2S, in 1864, 1865, 1865 and
1866, are respectively as follows:
e7 $50 4s6i i;5j el.l5S.a6a
That is, in 1866 five times as much as in
1865, during the penultimate period Of the
rebellion Nearly every article shows an
increase in 1866, but many articles, the ex-
ports to this country, were much greater in
1864 than in 1865. Manufactures Of linen
and cotton were double in value in 1866
over our consumption in 1864, and four
times as much as in 1865. Haberdashery
and millinery did not show a large increase
in 1866. Salt, earthenware, oil-seed, silk
and wooden manufactures, showed decided
increase in 1866. The value of metals,
wrought and unwrought, exported by Great
Britain in the first two months of 1865, was
considerably less than in the corresponding
period of 1864 In MISUNDERSTANDING
cutlery, anvils, vices, DC, and manufactures
of German silver-the imports here had
nearly doubled.
In the same term Of two months, in the
same three years, the gross imports of cot
ton in bales into Great Britain and Ireland
were these;
1854, 1855. 1896
5iI,757 8ii,6Ol l,i54.l22
From the United States the imports of
cotton in England were 72l bales in 1864
5,7l8 in 1865, and 57O,735 in 1866. The
supply of cotton from the Bahamas and
Bermuda, (hy the blockade ruRners,) which
had been Al $50 in 1864, and 90, 094 in 1865,
had dwindled down TO Dol bales in 1866.
There had been decrease in 1866 in the
supplies of cotton from Mexico, Turkey and
Egypt, and an increase in the suppl from
Brazil and British India. The pdIue of cot
ton imports to England this year is, of
course, much less than it had been during
the two previous seasons.
The Commercial Chronicle, speaking of
these returns, says: 'These figures illustrate.
what we stated some weeks since, that the
cotton-planting business has not as yet taken
deep root IN any Of the countries which
have, during our war, striven for competi-
ton with the United States. The increase
shown in the India supply in no degree
weakens the assertion; that Is only Temporal
~. Under the fear of lower prices the pres
ent stock is being hurried forward, and a
less number Of acres being planted for the
coming year. Still this re-establishing in
our possession of the cotton trade depends
upon our ability to furnish the necessary
supply at reasonable prices.
"A policy that interferes, by excessive
taxation or otherwise, with lis production,
necessarily increases the price, thus putting
premium on foreign production and stimu-
lating other countries that are now retiring
from the contest, to establish themselves as
cotton producers. As more than half the
supply in 1866 now comes from the United
States, payment is more easily made than
when it came from countries taking but few
goods in exchange. The value of the cot
ton imported into Great Britain during the
month of January was eS,34l 900. OF this
amount CO, 107, 79S was the declared value
Of American cotton imported, whilst British
India figures to the extent of G683,0G3"
The imports of wheat and -four by Eng
land, in the first two months Of 1866, have
been very large. From the United States II
very small supply, but 4 marvellous in
crease in the receipts from France and Rus
STA, and these more than compensate for the
deficiency of import from America. Not
witbstandinG H. ----I-.-.-'. Ill I'll
,.,...,r,,m muIne production of butter and
cheese, besides raising the price of beef, the
total imports ofproyisions into England has
been, in 1866, little in excess of the imports
of 1865. The grazing profession and the
butchers have greatly suffered from the
fluctuations of prices and supply.