The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1870-05-14


to understand, what has puzzled many people.
how the total visible supply OF cotton, taxing
everything into account all over the world, Is
almost exactly the same as last year. The visible
supply for Great Baltain alone stands as follows:
1870. 1889.
Stock In Liverpool .............56 .56a ,OU0 $4,000
Stock in London: ,Ss o"o ,ss UUo
A1ioat from India TO mail dates ..llO,0oo 336,0Oo
Additional by telegraph from Bonn
bay 10 Apri! as.. .lll,ooo io4ooo
Total ,,te...............s $50, 900 ,1l3, 600
Showing the serious deficiency of 100, 900 bales.
There IS certainly remarkable result 10 be
arrived at with an American crop OF 100000,
and IL need not be wondered al that specula'
tive feeling Is kept up which bursts out from
time to time upon a little encouragement. II Is
argued by many that we had famine supply OF
cotton for the latter half or last year. which
forced midaing Orleans up to l4d, and It re.
oured great amount OF 'shOrt time" to adjust
CONSUMPTION to supply and carry us through the
year. and that as the visible supply for this
country is less than last year movement OF
similar kind is TO he expected this coming
autumn.
There are, however, some material objections
to this view:
lst. We have n far larger stock OF cotton In
Liverpool, and will have all this summer. than
we had last year. and the effect Of this IN calming
the market Is much greater than that Of an
equivalent deficiency Of distant supply in !hc way
of stimulating it.
cd, Tile Indian crop Will COME HlOTe Taplu!y ny
way OF cansl. and no doubt the shipments from
Bombay from 1st of June till the end of the year
will materially exceed the same time last year.
Sd. An additional supply OF probably 100000
bales will be received from America, as already
observed.
4th. smaller export demand will certainly he
experienced, probably 100000 bales less Tor TINS
year: and
6th. The expectation in the autumn OF very
large American crop will probably overllang thc
market and keep down the spirit Of speculation.
We attach much importance TO THIS last point
the planting In America this year we oeieVe 10
be considerably larger than last, lar larger
amount OF fertilizers are being used and large
reports say 100000 able
bo(lled negroes have moved from the norihery
In TO the rich cotton States of the Southwest This
implies considerable amount OF eGdltlonai hell
labor, and the opinion is expressed IN some quar-
tiers that q crop OF 3a millions may DC MADE next
year. ir the season is lne. 1t Is: However, hardly
likely that such fine season Will occur second
time; but even granting this, the tone Oh !hc
American opinion is likely to run In the direction
OF very large crop for next year, and the effect
OF this may be very important during tue au-
tumn .,.,
with regard to the Indian crop we have nothing
special to add to what we observed IN our last
ssue. The accounts from Bombay could not well
be worse; sort OF blight has apparently fallen on
all the districts thus far except the Dholerah one
and the crop there Is so exceedingly late that Ills
doubtful if even one half Of It can be got into |
Bombay before the rains. As there is no commu'
lication except by water with 'he principal his.
riots, the remainder will not reach Bombay tlli
November and December, and hardly count IA
his years supply. The same remark apples 70