Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1870-11-11
An Interesting Cotton Report.

We have received from Mr. =. I. NOursa.
chairman of tie Statistical Commit OF
the National Association of Cotton Manu-
facturers aud Planters, the interesting re-
port of that committee, presented October
18th, 1870. According TO a ratio Dased
upon returns representing OVER eighty
three per cent Of the cotton spinning row
er, 1t gives statement Of the Il IN. en-
SUMPTION. 1t applies the ratios ubtals1
from the new returns t. October 1t uua
from other careful estimates to all the co.,
ton mills, North and South, reported and
unreported, with the following rusuits.
reckOned, as last yclr, IN bales Of four
hundred ana sIXty-aiE pJUuGs e4uh:-To-
tails, SAT mills (73S Mort crn ansf 1853
Southern), 7,114, COO &pI4d.es ard SS1 5G1
tle- used in 1069-'7O against Gl4 mills,
6 1853, 557 spindles and SG4 POI bates used
in 1060-'69, showing an iucre ase Of $50 443
eplnd .es and H. 80 bales. The cousump-
ton per spindle IN Northern mills, 80 81
pounds, against 81 Is pounds last year,
c1nfrus the opinion held b. the trade
tlat the average fabrics produced this ypar
were lighter than for the year e4diD8
Angus. 81, 1860, and mach tighter than
for the ear preceding thai, when the rate
was SO SO pounds Per spindle, or fifteen
per cent more An during the year just
closed. Low prices, active trade, good
profits and the consequent full working If
nIlls-largely on heavy Gooda-ir 1SC7-G5
are assigned as explaining the difference
between the weekly consUm ton Of that
year, 1900 bales, and tie weekly con
sumption OF this year, less than 10 900
bales, under opposite conditions.
The smaller production in The mills since
the Spring Of 1869, especially Of heavy
goods, has not kept pace with tho con
sumption, and now the surplus Is reduced
very lOw-of the popular fabuc5 quitc eY,
hausted. The report predict that tie d.
maud 10 meet the necessities % Our rapidly
increasing population will be large and IN
pera;ive, for the manufacturing power hGe
not increased with the population. even
since tue war, and it will b seconded b.
a demand for export wheneva. ih- price o.
export goods will Justify the roetOrati. Of
this once extensive and profitable trade
The demand to come from the needs O.
consumers and exporters, and the lover
| prices =. cotton, still further 10 be cheap-
encd, according to the prevalent opinion,
under the combined effect OF present c2-
cess In supply and the war in Europe, IT,
g7ther open TO manufacturers = y. ter
prospect than they have lad Tor long
time. The total production OF th" Ia cnt.
ton crop is estimated a. about 3, 300 600
bales. TIE average weight Of bales 70
ported by mills september l, 1870. Ja
465 u pounds, the result varying Sigh
~ from the average last year, 1854
pounds. The average weight OF the
! whole crop of 1869-7O is about i've pom d8
| per bale less than in the preceding year;
yet the average il the table, from tpiti
returns, is ABOUT the same as last year, in
asmuch as the manufacturers took their
cotton chiefly from the localities whence
came the heaviest bales. The apgregat
stock of cotton in all the European ports
October l, 1869, amounted 10 583 900
bales. We have not the &C ual data to The
same date last year, but computing frym
the figures Of September 10, it anpe-r7
that the aggregate viii be about 82LGaO
bales, or about 242 900 bales more than il
! 1863, while the cotton at sea for EaTolc is
about 1l2, 900 bales less than las year,
! leaving net increase of ABOUT 100, 900
bales. The cotton crop now coming III -
favorably reported from all sections lad
! ing to estimates that range between , Soc,
| 900 aud 4 000,O00 bales. But the Ma ion4l
Association of Cotton Manufacturers and
Planters does not indulge in prophecies
Of future supply and price. It deals with
facts in the past and present, wisely con
sidering that all such speculative opinions
are useless in the presence Of tho fearful
war which is devastating France and i'm
| poverishing the Prussian people, and more
or less paraly zing the trIde and Industry
of other countrie5.--N. I. Herald.