Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1867-02-06
A British View of the Cotton Trade,

4 British View OF the cotton trade'
Ocr readers may take, for what they may
think them worth, the following statements
of the London Telegraph, in reference to the
supply of cotton that may be expected from
the places CT growth for the present year. 1t
is the English manufacturers side of the
question but even viewed in that light it
may be we'll to be informed in reference to
the opinion held by certain parties, whose in
terest it is 10 get cheap cotton. Its specula-
tions in reference to the size of the present
crop in this country will, il all probability,
turn out.immensely too high.
The most careful estimate we have seen
gives the new supply available for British
use up to the 3Oth June ne1t from all sources
as 2.0S7, 500 bales, and the demand for con-
sumption and export during the samc period
rs l, ,7l6,0OO bales, leaving IS probable
stock, at the abc7e date, a total Of SSS,27O
bales, including that now on hand. Very
few of the calculations, however, take less
than 2,O0O,O 900 bales as the American crop OF
the present year. We believe it to be capa-
bic oi demonstration that every es.i:nstr #
that crop for the last 20 years has proved to
fail short of the ultimate result. At the close
of the war the quantity which it Was thought
might be received at the American ports
was set down by some at ,25O 600 bales, and
the extreme limit of the mort sanguine wax
:, 900, 600, whereas the quantity actually re-
ceiycd was 2,C55,O0O bales. We have no
doubt a similar result will icllow in the pres
snt instance. The report Of the Indian cot
,on crop is also favorable, and it is now ad-
a,ted to be quito equal to that ef last year,
while credit is given to the Indian Govern
ment for its exertious to improve the quality
of the staple. 0fthe Egyptian cropit is sta
ted that the supply available will be quite
eousl to 1865, when we received Ali 1000
bales from that quarter alone. What is even
more important is that the present crop is SO
superior in color, staple and cleanliness to
the preceding one, that there will be an econ
orny in the working to the extent Of IS per
| cent. We may also point out that the i'm
portation of cotton into Great Britain last
wear exceeded that of 1850, the previous lar
gest year of import, by 100000 bales, aud
the home consumption has reached about the
same amount as then in bales, though only
about so per cent. in weight. On the 18th
Of December, 1850, the prices were; Eair
Dholerah, SID; Western, Aid; Aiddling Or
leans, ID. On the 2Sth OF December, 1866,
they we're: Fair Dholerah, l2Id; Western:
ll3d Middliug Orleans, l53d.
1t is perfectly plain from these figures,
aud from what we know Of the con,ing sup-
plies that, unless the markets of the world
are SO bare Of manufactured goods as to give
At sn carly day greatstimulus to Lancashire
industry, the price OF cottcn pust fall con-
siderably before it can be saii to have yeach-
ed its natural level. But the truth is,, that
we have gone on exporting more. than ever,
snd many foreign markets arc glutted; so
that yiolcnt reaction in the price of the raw
material is a FEASIBILITY to be always kept
in view, as soon us arrivals begin TO tell on
stocks.