The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1869-04-03
COTTON.

The 'ollOwing highly Interesting article Is
taken from the columns of that excellent
paper, the Memphis Daily AUalanche. We
ask our readers to give it a careful reading
As it Is now generally accepted fact that
the cotton crop of 1868 is nearly all III or
on its way to market aud will not exceed
1900 OOU bales, brief review of the situa-
tiOn may not prove uninteresting to that
class Of readers who feel an interest In the
matter, but have neither time nor the incli-
nation to give it the close study 1t deserves.
Referring to our statistics we find that the
home consumption Of cotton during the sea-
son of 1868 was, IN round numbers l ,000,-
900 bales, while the amount taken by
England and the continent was 100000
bales, making a total Of 2 OO,000 bales.
Now the receipts at the ports from Septem-
Der LIST to the 9th instant foot up LAP, 900
bales, and the exports 956 600 bales, against
l 1888, ,0UO bales received and ], ,223 600 bales
exported for the same period last season,
showing deficits of AT 900 bales in receipts,
and 267 600 bales in exports. The ship
ments overland are estimated at 1913, 900
bales, whicn, added to l,742,0U gives
1885, 900 bales as the total receipts The
stock on hand at the ports on the 18th in
stant was 100000 bales, and at interior
towns $4,000 bales, making q total of
100000 bales, adding to which $685. 900
bales, the amount exported, we have
l 1,4jS,000 bales, which, deducted from
1885, 900 bales, the receipts as above, gives
Al 900 bales as the amount taken by Amer
lean mills. Saying nothing of the annual
increase of twelve per cent. IN consump-
ton, the average for some years back, it
will be seen t.aT American spinners have
yet to take $4,000 bales to keep pace with
l..-k r. E
september, while Europe, for the same rea-
son, has to enter the market for IA, 600
bales, making a total of 1885,, 900 bales yet
to be supplied. Now where is this cotton
to come from is the question that arises.
If, as even " bears admit, the crop will.
not exceed 100000 bales, there is now to
come forward only 365, 900 bales, adding to
which 500 900 bales, the stock on hand, we
have a total apparent supply of S67,0 900
bales which, deducted from | ,267 900 bales,
the amount to be furnished, gives 400 900
bales as a shortage on the 1st of next Sep
tember Deduct from this, if you please,
10000 bales, the amount of cotton on hand,
at the beginning of the season, ard we have
still an apparent shortage of $4,000 bales,
to which we may add 1000 bales per week
until the new crop comes in as the amount
that will be required for home mills. That
American spinners will require as much
cotton as they did last year, there can be no
doubt The home consumption thus far
this year has averaged 10000 bales weekly,
which would make total yearly c0nsump-
ton of 9S8, 600 bales In fact, the problem
hinges now upon whether Europe will re-
ouire as much cotton as she did last season.
The probability is, by all means, that she
will. She has then to take from this time
until September 744, 600 bales from proba-
BILE supply of $4,000 bales, with American
spinHers competing supply of $4,000
bales 1t will be seen that we have taken
full estimate of the crop, Many authorities
saw the crop will not reach 2200,-
600 bales, in which event the shortage
would be nearly half a million bales. Con-
slider in connection with the facts, we have
presented the generally short weight of the
bales of the crop coming in; the very prob
able falling of, from the scarcity Of labor,
and lateness of the season, Of the PrOduc-
ton in the United States; the prospects Of
a materially decreased supply from India
and elsewhere; the small stocks held by
spinners at home and abroad (Which IN
Manchester aggregates only rocco bales,