The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-06-01

LIVERPOOL, May 22.-Taking the figures fol
Liverpool only, the deliveries to home consumers
and exporters were as follows during the Pas'
twelve months:
Trade. Export Trht 1port
Las months, 1865. 1,e5eooo s44.ooo s'soC soC
First4 t4months, 1887. $4,000 10000 90
Total II months q. ss7, 900 $4,000 e.1d5,, =
The average price OF uplands for the first pefi, |
was Id, tor the second 134d., and for the whole
133d.; and the average price Of 81 b. shirtings
195d., 17bd., and 19d. q b. respectively. The
present prices at 113d. y . for uplands and 18ad.
as b. for shirtings.
Touching the supply Of cotton for the remainder
of this year, we see no reason for altering the esi
mate contained in our annual review, published in
January last. We shall probably receive less from
some and more from other Of the various sources
enumerated, than the figures there given; but we
H9 " Var eD from o so et s bses Of
this quantity about 22o, 900 bales will go to Lon
don, leaving $3.50 900 bales for Liverpool. AS we
have already received 900 bales there remain
s26,OO bales gives supply Of ,ss5,OOO bales for
the La st eight months Of the year.
Supposing the deliveries to home consumers and
exporters 10 equal those Of the corresponding pc
rod OF last year, that is 2903 900 bales or 65 800
in stock on the S1st December; but il the deliv-
cries only equal the average OF the -ast twelve
months so $50 bales per week, the total
outgoings would amount to only 2,105,250 bales,
72s, ,75O bales. It may be taken for granted, how.
ever that the stock will not be allowed to close at
30 high fgure-the heaviest stock at the end of
any previous year being only 556, 600 December
Given supply Of nearly 6, 900 bales per week,
after providing for stock Of over hslfa-miIion
bales at tho end Of the year, the question is-at
what price will the world be willing to purchase
the products Of 30 large q quantity Of cotton ?
The experience Of last year proves that Id l. was was
that even 1S4d has failed to take off more than 4
$50 bales per week, and that final decline to l2d.
has been SO far insufficient to produce any mark
ed increase in the rate OF consumption. OF course
tion OF last year would be more severely
felt during the earlier than the later months
of this year, and the gradual removal OF the sur
plus stocks which existed four months ago,
will lead to a corresponding revival of
settled state Of politics on the Continent, we may
also look lor an augmented demand for export.
But with the history Of the past twelve months be-
fore US, we do not think that the action Of these
causes will do more than raise the average delive-
RES. for the coming eight months to more than
65 900 bales per week. against an average Of 48 $50
bales FOR the past four month: :unless indeed,
prices sink Id. or I'd. per h.; then we might look
for increased operations and reaction in values
to over I'D, which advance would Immediately
check business, and cause prices to fall back to
it was thought that middlng American would fuc-
tuate between 13d. and 15d. per pound,
but 'at present the prevalent opinion is that the
extreme ranges will be from 10d. to 12d It is
generally conceded that with the present PROS
poets OF supply I'D. is quite high enough; but
there is great diversity Of opinion to how low
point we may go. Some speak Of Id, some OF
10d, and few OF Sd. Our own impression is that
may see 1Od., but moi less, and then only for short
tsme. These remarks have reference merely to the
Of prices will be ruled by the character Of the ac-
counts respecting the yield Of the next American
CROP Present estimates vary between 2,000, GOO
and 100000 bales, and according as the ACTUAL
out-turn approaches or falls short OF the larger
figure, prices will fuctuate between Cd. and I'D.
per pound.
McREAsED USE oF LINEN AND wooLLRN FABRICS.
In our report of February I'd we drew attention
to the extensive substitution Of woollen and linen
fabrics in place Of goods made from cotton, which
the high price of the latter bad Q nforced upon
bcth home and foreign consumers; and we showed
that the deficient production of cotton goods in
1866, as compared with the out.turn OF the three
years Immediately preceding the war, was about
oounterbalanoed by the increased production Of
woollen and 1nen goods. The natural inference to
be drawn from this is that cotton will not be able
to recover its former relative position except by
means Of reduced scale OF prices. It will also
have to contend against the stropg efforts that
vii. be made by the rival textiles to hold the
ground they have gained; and there is all the
difference between holding position and retaking
it when lost. In this connection the following
table will be found interesting:
PRODUCTION AND DISTRIBUTION OF COTTON GOODS, IN
MILLIONS OF PoUSDs
Average. 1885. 1888. sMos. il Mos
Cotton consumed 1,M :. 718 :. 800 :. 907 82s
Yarn produced. 1900. sl3 :. 81s :. It's :. 180 :, 72C
Goods. 7o2 :. 4le :, s25. 1so aoc
sumption aud Stock. all :. l47 :. l6o :. 80 :. 12e
Estimated Actual Home
Consumption. ITS 160>.. 1b W Gl
Home Consumption per
head Of Population. 6b 6b. 6Xb. Afb. Afp
Here, it will be perceived that the per capita home
consumption Of cotton goods has undergone de-
crease Of no less than thirty three per cent since
1859 81. Some portion Of the decline is due, nc
doubt, to the depressed state OF trade; but the
greater part is attrbutableto the increased use O,
clothing made from wool and fax. The foreign
branch of The trade compares more fayorably with
the pre-war years tha the home branch, OWING
to the fact that the climates OF some OF our largest
customers precluded any material substitute o.
woollen for cotton clothing during the period oi
high prices. The high prices led to reduced con
SUMPTION but did lot create competitor, while
the subsequent decline has increased consumption
and the revival mas been all the more rapio
supplant Morever. the immense amount oi
veal poured into India, Turkey, Egypt, &C., II
payment Of cotton, has enabled the people o.
those countries to become more extensive consu
mers OF our co ton products than would have beer
| the case il we had received our raw material from
other quarters, Besides, it should not be over
looked that some portion Of the increased deliv
cries to the foreign countries, is more apparen
than real large quantity Of the goods EXPORTED
in the course OF the past six or eight months be
L N LII szAl II. -s1x,n nx,1,r 10
and which may not be taken by actual consumers
| except at further reduction in price than vi
have yet witnessed.