The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-01-31
THE COTTON cRoP-1rs FrTURE.

|
! That most excellent journal, the "Eina .c;,, and
Commercial Chronicle" Of January 2e. contains
the following article the cotton prospects fo,.
! the year, which our readors will find 1vor+bv -
| pcrusal ::
In estimating tho bearing Of these probab-
.s ues OF q reduced supply upon the value of raw
te ~ Is necessary also to take into account
to draw fI.3 from other countries than tho United
states. With reference to the chief sources Of
disposition to moderate the estimates entertained
lew weeks ago The grounds Of this change Of
opinion in England are. thus alluded to by our
LONDON correspondent undor dato Of January s
WIN regard to tho cotton trade, it may be OBJ
served that although spinners may purchase with
at least be maintained owing to tie small onant uss
yes or the staple afioat and tho prospect, thorc-
fore, of small importation for somo weeks to
ply Of East Indian Cotton atioat is under 100 do
bales, whe at this dato in 1866 the quantity known
baes am Mtn to Enor9pe to was near
bs bales in 1865 These certain in favor
successive advices from India report steadily in
cIeas:ng shipments OF cotton to Europe, spinnors
concluding salos. At latest date, viz, December
II, the shipments of cotton from. Bombay were
progressing at tho rate Of about 10000 bales per
WIN the previous weeks; and, as the season for |
new cotton had just commenced, there seems to
favorable advices from Liverpool the exnorts from
bombay 3, will be on much more extensive scale
These advi-es, We know, have been favorable to
but little doubt to tho nature of our future adj
vices from the East. In the course Of q month ~
ss weeks we shall most prob ,bly observe largo
afloat: In Egypt the crop Of cotton has certainly
D bson productive of disappointment. We We're led
quen avces reduced tbe cstmato 6ns s9se to
200 900, and finally to 100000 balos That the crop
.s .s oy no means so extensive as announced at
cred cortain; but in the present position Of the
cotton tradei statistics relating to the probable
authenticated b fore full reliance is piaced mon
sheir correctness. It may, however, be looked
apon as certain that the crop Of cotton in Egypt is
siderable falling of from tho statements nude at
lie opening Of the season, with regard both to the
5fent and quality Of tho crop Our latest adces
Vt Nth ! 1864 there is falling of Of about 700
These combined considerations reou;ro r,oto
lA eurtailment of estimates of the total supply
rom AZ sources entertained two or thrco months
y 25O GOO bales for the United States, SO 900 for
ndla, 25G coo for Egypt, and So 600 for Brazil ma
ing total du curtailmont tai Of original estimates
uPPly have produced strong disposition among
loders of cotton to stand firmly for higher prices
fcelng not shaken by the movement among
production of goods. 4HH. 1 0- =
Surveying the general condition Of the worlds
markets., II would seem reasonable to expect mn |
ct1ye demand for cotton goods during the present
ear. ~,~
The political status of Germany is settled. with
ut, at least, any prospect of immediate disturb
nco and with less commercial derancement thnn
night have been expected; and tho Eastern oues-
ion which, until recently, loomed darklv in tho
lorlzon, presents no features likely to disturb the
arger markets for cotton manufactures. The
one OF business IN Manchester is assuming |
more hopeful aspect, and spinners do not show
ny reluctance to buy cotton freely at curre.t
Among those best acquainted with the cond;.
ION OF the South and with the disposition or cot
on growers, the opinion is strongly cherished that
he next crop will be more limited than has been
generally expected. There can be no doubt that
ne prohts upon the present crop are too insignif-
ant to encourage on extension of this branch of
production. Tbs unwise tax upon cotton bears
With great severity upon the growers, and has !
" MWaHowed up nearly all the profits upon the crop. +
me burthen OF testimony goes TO show that, with
he enhanced costs of abo-, and tho unc rtaintv
bout it's employment, it is impossible upon m
verase to raise cotton for less than 25 cents nor
,ocnd; and adding to this the tax of cents and
he now heavy charges for transportation. il ia
;ear that there IS no inlucement to lay out any
staple. >>>>',' = - 80 ~
The Southern crops of cereals, during the mast
'ear, nave fallen below the wants OF that section
Ind breadstuffs have consequently ruled high; It
more attention will be given to grain culture and
ess to cotton-growing; and the more so as those
;roPs are less subject to suffer from the risks Of
ne ne seasons and tse rregularity connected with
The conclusion indicated by survey of all these
appears to favor very decidedly the
prevailing f1rmness OF tho cotton market
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