The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-03-28
The supply OF Cotton. .

lE'o"ssot SoN0n supply ftepoTteT.J
It is gratifying to find that the approximations
which were but recently entertained Of scanty
supply Of cotton during the present year have SO
Alarmsts are aready at diseount ana ti,er
demonstrations, made some months ago with SO
@ much confidence, arc now but little regarded,
foations. spasmodic efforts 10 rekindle % anxiety ]
and to establish a higher range Of prices viii con
creasingly manifest and the reaction stronger and
st1;onger in the opposite direction: Conflicting
will fuctuate accordingly, but the iow estimates st
once tenaciously held have been generally aban.
aoned, and higher expectations are now freely en-
The conclusion, which in the autumn was so
boldly expressed by IN Indian official claiming to
cotton growing regions of the United States md md
Which Which attracted at the time considerable notice,
alsed bis assurance givea as aSe rane nage
Of his own observations, confirmed by information
obtained on the spot, viz: that the American crop
dred thousand bales Il should even monn to 81
much, the bulk of which would be absorbed BY tie
I'm gned States states 50 that not more than
available for export. The results, when July dis:
closed, VIII show how little reliance upon such o.
is to- be placed upon information, however dil.E
gently and carefully collected, which in the very
nsr95e q the case it is impossible personally to
+ to ~ be 1 as some nov anticipate, l75o, 600 s 'os
100000 bales, or still more we shall again have
less alarra while We still firmly believe that the
compliment obtained from other sources win be
gnthclent to meet all our requirements. Even in
may be expected from America, and the Possibility
OF lower prices is reluctantly admitted. The alea-
ed 1act ,that American orders have been received
by:the Atlantic Telegraph tsto sell without Insit'
1s too Significant to be disregarded. Instead of
the predicted advance in the price Of American
cotton. there has been decline of I'd. per pound
SINCE the year began <i;a this, MISUNDERSTANDING
the uncertainty VT stch has 30 long prevailed re.
gse1 ef a9d the Sssn state
hope tb1sa the deception so often succesafuly y.
ps.sensed. wiFaosa: Be rendered impossible, and
lence e:Moetlnoderate M and steady prices in the raw
maberma, specify attain to q state of healthy and
i99aK continued ont ,sa prosperity;,g @ , 3.
quanty N an cotton growing countries, which We
nave 80 often recommended, and which IN many
cases haa +; taiF1y co1nmenced may be stil further
season ofAnerican seed. The increased yaIna ~
the cotton thrs grown. and the additional quantity
w6snesef the SOL md d. cnate 1aa
1tavailable. The success which has attended its
aas u laskey and aleng the Mediterranean should
Ioat IN preference to any other; and its more ex-
tsasaEe duetien INTO different parts Of inda
claims the: special solicitnde and exertion Of tho
whose no influence can promote this important object
Io render Indian cotton equal to American, or Is
vantage, both to, India and to this cointrY.S and
our mutual interests make it incumbent mon ns
to;leaVe nothing undone to insure the desired re-
suit The successful cultivation Of New .Orlean,
coSton ~ various districts encourages its infrnGnc
non INTO other parts India, and justices our
surance thai from year TO year we: shall. .recAiv,
noS only more abE1aant supplies, but Of q 1nnch
petter quality The: tide Of the progress and I'M
RroFement seems now to ogave fairly set ia. md
tnoagh Gibbs and flows may be expected the ul.;-
maze issue u" no longer doubtful. The; Goyern-
"a menE ol indla IS showing every readiness to MD
tue objects which we wish to accomplish and the:
energy alspayed glVes Promise Of satisfactory re-
soIA, AZ that We require is steady perseverance
anQr cQ0tlnued exert0nH. - .. %tE,:!
In the report from the Northwest Proyin IA ,rin II
readers viii perceive that the, Board OF Ravenna
nlaVe1lSt7btted a large. quantity Of accIimatizel
new Gef1eahs seed, and TINT experiments haye been
Heely made by most of the district oficars In
many instances, and especially in Allahabad che
seeH rhaA HE9Eed great success where cnrafnIIv4
soWp, Natered, and properly attended to: and VA
are Persuaded that tGsnliIar measures else1yhersg
would insure like results. More attnntion- NAV "a
required than with Indigenous cotton hut this viii
De amply rewarded; and without this lndia viii
never take the place that we desire as q resnnrcc
OF cottonguppy. We TRUST that,we shall he abley
IN our neXf ISSUE to report that the renewed rem
resentalon about to be made to the Secretary nf
estaFe JOE India IN council will further estabIish:
our ;nopes, and confirm our assurance that 5thny
shaH not be dlsapponted:- We must not rest 1nt,I
Inoia snail send us plentiful supplies Of COTTON
squal 10 that winch We have hitherto obtaineI
tSts. ;.Ha e:iy ,i
tsti y.2.'...o-.- shf;