The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1868-12-02
The Future Of Cotton and of the
South,

i uS K 0bu4O VI SoooSaA @~~N~~
- South.
The season has been propitious for cot
son. The trade sets the crop from two
millions and half of bales to two mil
lions eight hundred and fifty thousand.
The Commissioner of Agriculture puts 1t
at little less than the crop OF last'year,
while the Commercial Chronicle, very re-
liable authority, places it at two millions
seven hundred thousand bales, ana II we
adopt this estimate we shall probably not
be far from tic mark. 1t is true that it
his. thusctar come forward faster than 1t
aid hast year but this may be ascrbed in
,,aH3to. the advanced price, and partially
70 Tic fact that the waters of the Missis-
sppi-; are higher than they were last year
at this period, in consequences OF which
mcst of the increase in arrivals have been
at the single port of New Orleans.
Ilast wear the consumptioninIthiscoun-
try was eight hundred and fifty thousand
bales. As the stocks OF cotton ana OF
cotton goods run low, and there has been
for several years an increase OF more than
ten per cent. in the cotton manufacture,
it is safe to estimate that we shall not cX-
port more than seventeen hundred ana
tifty thousand bales, or. one hundred thou
sand more than we sent abroad last year,
andashail use the residue of the excess or
our crop over that of last year, viz, one
hundred and fifty thousand bales, in the
manufactures of America.
BY the returns for the year ending On
the first of September last. Europe has,
for the last three years, used our Ameri-
can cotton, as follows, viz: In 1868 and
1856! one million five hundred and sixty
five thousand; 1865 and 1867, one million
four hundred and nincty-fve thousand !;
1867 and 1868, one million five hundred
and sevcnty-two thousand bales.
In the last three years she has thus
sli1htly increased her consumption OF
American cotton and gradually diminish
ed her use of East India cotton, rs ap,
pears By the following statistics OF Eu-
lope.ttl consumption. Bales OF East India
cotton, consumed in Europe 1865 and
1866, one million six hundred thirly-elght
thousand bales; 1866 and 1867, one mil,
lion five, hundred and thirtytwo thousand
bales ,;1S6f and 1868, one million hve
hundred and twenty-five thousand hales.
While. this declne.has taken place IN the
consumption of Eastern cotton, Europe
has drawn heavily on her reserved stocks
and materially increased her annual con
sumption, as may be inferred from the
following statement. Consumption OF
cotton in Europe: In 1868 and 1864, two
millions five hundred and nincty-clgit
thousand Bales; in 1864 AID 1868, three
MILLIONS fifly.tivc thousand bales in 1860.
and in 1856, three millions nine hundred
and thirtv-fivc thousand bales; in 1866
and 1867. four millions one hundred and
tortv.sevcn thousand bales; in 1867 ana
1868. four millions six hundred and four
thousand bales Before the war the con-
sumption OF Europe was a little less. VIZ:
III 1859 and 1860, fonr millions two un
hundred Aand scventy-two thousand bales.
For three years past, of peace, there has
been an average annual increase in the
consumption of Europe of three hundred
and sixteen thousand bales, until 1T now
exceeds by three hundred and thiry-two,
thofsand bales that of $50 and 1861, the:
great cotton year, when our cotton eX.
ccesled9 by fourteen hundred thousand
bales the average of the five years pre-.
ccdihg the war.
In the first year after the war, 1865 and
1866, when we sent abroad the accumu-
lated stock, period during which many
looms and spindles were silent, there was
torabrief space an excess over the con-
sumption of 1865 and 1866.
The European supply was fonr millions
seven hundred and thirty-one thousand
bales; the European consumption was
three millions nine hundred and thirty
five thousand bales, and the excess was
seven hundred and ninety ysix thousand
bales. But this excess has since nearly
disappeared with The decline in shipments
from India and Egypt, as shown by the
following f5urcs: