The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1867-05-02

When the season is ended we intend to
say few plain words TO those well-Ineaning
but very Qncourteous correspondents, who
wrote us at various times with much sarcas-
tic verbinge, in comment upon our estimates
of the probable yield of cotton. In the
meantime, having published little on one
side of the question, we are called upon to
publish q reply. We hold ourselves in no
wise responsible for anything thus brought
forward, as the writer, very respectable
gentleman, only asks that his statements
may DO taken on their own merit;
10 tho Editor Of the Neo York Journal Of
Commerce: agree with your correspond
ent &C." that the cotton question is impor-
tant, and that greater per centage of the
crop than usual has been already received
at tho ports, but the portion so received has
been greater in each and every one of the
last dozen weeks of more than in 1857, for
while comparison with that year indicated
crop of less than 100000 bales in the first
half of last January, similar comparison
now indicates upwards of I,73O,0OO bales
It is therefore no longer improbable that
1,750,000 will ultimately be reached.
Now the grand error that has been COM
mitted on both sides of the Atlantic this
season is in supposing that because the crop
will be 100000 bales less than last year, the
imports from the United States into Europe
from LIST January to LIST July, or to LIST Octo-
Der or to LIST November, will probably be
400, 900 bales less than in the same time last
year, whereas, in all reasonable probability,
it will be actually larger. For instance, the
last table of the New York Shipping List
tellsnst
Exported to Great Britain
thus far, $4,000 90S,000
OF which arrived at Liv-
erpool before LIST Janua-
ry Il say) .----. -.----- 100000 100000
To arrive in Liverpool
from LIST Jan. to about
10th May. .743, 900 668 900
Stock of American in Liv-
erpool on LIST January. 1877 900 $4,000
Supply from LIST Jan. to
10th May 10000 $4,000
Thus we see, without indulging in any
Imagination, that deficiency of 81 900 bales
in the export, so far this season, really in
wolves larger supply ofAmerican cotton at
Liverpool in the calendar year in the first
nineteen weeks, a difference between appear
ances and reality of 1853, 900 bales
But have yet to prove the position that.
l750,000 crop will yield as large an import
into all Europe as the crop of 2,l51 900 bales
gave last year,
Increase of United States stock on
LIST September last, in United
States ports. $4,000
Probable decrease of our consump-
tion this season --.----.-..-.. 41,0O0
Probable decrease of our stock LIST
September if new crop looks well $4,000 |
Decrease of quantity arrived in Eu-
rome before lst ,JanuarV 1867 1Ai mn |
Increase of European stock OF United
States cotton LIST January 1867. $4,000 |
463 900 |
To be added to the crop of $1,75O,O00, ma
King it equal to 2,213,000, SO far as concerns
ibis years import into Europe
Considerations of relative stocks in the |
Interior markets. and of probable corrections
1t the close ofthe season, are of no value at
vi when comparison is made with 1857, SO
ar as regards crop of about 1,750,00O
)ales.
must give some facts which show how
necessary it was that Congress should have
aiken off the cotton tax entirely:
From the regular Liverpool circular of
list March, 1867-Exports and deliveries of
otton, compared with 1866 to same time:
Exports of U. S. cotton. $4,000 63.696
Export of India cotton, 97,569 77,I6S
Average delivery per week for consump-
ion
J. s. cotton -----.-----1 5000 1880
ndia cotton -13, 800 1890
suppose that no one will deny that these
cures prove that consumers, whether in
highland or on the continent of Europe, pre-
81 India cotton to ours at the difference of
rice
Nor. can it admit of serious question that
ne cultivators Of India are making SO to
10 per cent. profit while ours are making
one at all
But fear to be too long for your columns.
AN OLD SUBSCRIBER.