The south-western. [volume] (Shreveport, La.) 1852-1870, 1869-04-14
The Foraign Aspect Of Cotton.

what the leading houses oi L"6i"f 49, =
ply of cotton we give the following Our ilfss extract
is from the Circular of Smith, Edwards Co:
"Publc attention is strongly directed to the s[nail
rpceipts and shipments advised from America. INT
DEVELOPMENT Of the American crop is more unaVof-
oIIa tban any one could have expected. We have
been told each week that receipts were sure TO increase
before long that bad roads or some other tePo,al1
cause accounted for their smaliness, but, lhsteau "
increase we find further tendency to decrease, anu
the average for February is only 5o,ooo oa'e3 ps.
week against % 900 last year. 1t seems now amos,
evond doubt that this crop has been oVeresuhateu
like the last one and it seems highly probable that he
exnort to Great Britain will fall far short OF the tot
from last crop by 100000 bales or more.
Their circular on the condition Of affairs in India
reads as follows:
"With regard to India, we sorry to say that the
prospects of supply have BECOME worse Inc sehei'I
opiDion now entertained in Bombay IS that the export
for this year will fall largely below the last year. i
is owing to two causes viz the scanty supply OF oiu
cotton left in the country the lst OF January anu
the disappointing out-turn OF the new crops:
II seems therefore, taking general view OF the CUES
ton that there is but little prospect OF the country
receiving as much cotton last year. and there may
be very serious deHch
sfessrs Ellison & HAYWOOD in their last Circular
state:
Tn our last report We remarked that the prospects
of supply were at all satisfactory, out VIC eht9i
tanned the hope that they would improve as time au
vonced our impression being that the receipts at the
American ports would shortly show some increase upon
the arrivals of last year, but we regret TO slate ta
this expectation has not only not been 1easeu ou' e
very reverse has transpired irasmuch as the receps
haze been considerably less than those OF inc CORE
snoudinr period of 1865 the arrivals at the American
norts during the past four weeks being only 2UouVo
bales against 375 900 bales in February OF last year.
|
The supply of Gotten will fall very short OF the
quantity requisite to enable our mills to WORK lc,, .e
cotor snn,Iv the PROSPECTS are worse than they
we're r0uIi, ago iuGSnueh as the receipts at lhe
American ports have proved to be much smaller thal
was anticipated, while the accounts from INDIA ana
other producing countries remain without iaforaoie
change, the balance of probabilities indicate that the
imports into Great britain from Aile!iC" "1'1 w 1@
this season than the last.
The nosition Of the staple therefore is of great
strength"
From the following it will be seen that Messrs
Frazier & Co., console themselves with the opinion
that high prices have given production so powerful
stimulus that the cotton supply for Tic future will be
largely increased:
Another important element will ere long come into
Day bearing upon the price of cotton later in the year
and this the increased extent of planting to be looked
for this spring in America Cereals have been cheap
and abundant there but cotton very high in price,
compared with last year The great bulk! OF the extra
price paid upon cotton has gone into the planter 5
nocke and the nduccmcnt is great, indeed, to extend
| its cultivation. = The only consoling feature is
that prices will givca great stimulus to Its production
It will be seen from the last extract that the only
consoling feature for reduction of prices is an in
creased production Of the staple The planters in the
South lave it in their power to regulate this The
commercial editor of the New Orleans Times, IN an
able article on this subject says: Nearly every
farmer in the South is this moment busy planting and
working to produce every lock of cotton he possibly
can almost regardless Of food cropsn the hope that
nobody will be as foolish as himself. He knows, tor
illustration, that crop of three million bales would
probably bring the South very little more money thar
a crop of twenty -fyc hundred thousand Therefore
in the general division of the proceeds upon that basis
if he pushes his crop up to one hundred bales he i
likely to get no more money for it than it repre-
scented eighty bales in a crop Of two and half million
His good sense tells him his eighty bales in that con
dition with fair food crop, are far better than tn
hundred in the other condition. The difference III hi
favor would represent the value Of the food crop Bu
his hope is that the vast body Of Southern farmer
(c7erybody except himsclO will see and act upon
plain suggestion ofcommon sense and then the ger
eral result being moderate cotton crop and fa
crop of provisions he, himself, will take the exception
: al benefit Of large proportion OF moderate cotto
crop lie will have bales to sell at prices estas
lisAed by light general crop. That is the whole stor
and each planter see for himself how 1t IS gong
r work out The result, reasoning upon probabitle
must be large crop in which every planters large
- share will be worth no than smaller CROP viii
all will lose the value Of provision crop ample IL
= all emergencies"
THE CorroN TAS.-The impression exists with son
.aat tl.s uas slisneadel In its oncrA.iOn only