The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1870-11-23

M Ott-Trumpler estimates the consumption OF
the Continent for the two years, lsee16O ana aI
each-685, ,o00 600 lbs.; and states the actual FOR
l86s70 900 bales Of 1893 lbs. each-607, GOO 600
lbs; to which we may add that the consumption
for iS5S-'69 taken ct his figures, lolo, 600 bales
OF a55 lbs. each-6S0, 000, 600 lbs.
We have often rebuked the extraVagant ana
delus!ye assertions and estimates IN the cotton
literature Of the day. OF rapid Increase OF con-
sumption, In bales-such careless statements lg.
noring both the augmenting weight OF bales and
the absence OF the additional spinning power re-
uulred to stand the consumption SO widely. The
above compare tive figures are conclusive. h.
Ott has found the consumption TO De reduced
from the full rate for the past nine months, 63lo
bales per week in England, and 81 3S7 bales on the
Continent to 52077 and 2l ,6e2 bales respectively
-an aggregate falling OF OF Il. 128 bales per week.
Reckoning the three months ending september
80 as consuming at the full rate had peace re-.
NAMED undsturbed, the consumption would
have been $4,000 bales more In all Europe,
by so much reducing the stock remain
ing September 30. On the other hand, how
ever, the war arrested for time the move
ment OF cotton to Europe to the extent probably,
for that per.ol, from all Countries OF some $4,000
bules. On these premises, without war, the
stocks In European ports, September 80, Would
have been $751; 600 baies or I2.00O bales more tnan
In 1869, Notwithstanding dimlnution In the sup,
bates compared with the previous year.
Tile influence Of these facts which were ap.
parent in July, forced the price OF midding up.
lands In Liverpool down to 9Hd. Then there was
no reason to look for crop exceeding that Of
1860, admitting planting ten per cent. larger.
as rrom all experience two such favorable season
In succession could not be expected. the world
was at peace, and every spindle was IN motion, 8
large proportion very prOftably.
Now, All Is changed. War has prevailed lot Iour
months, desolatiDg France exhausting the re-
sources OF Germany, and depressing trade and iu.
dustry, except for war purposes, everywhere II
has reduced the consumption OF cotton actually
25O, 900 bales, and prospectivpiy about 100000
more II 1t continues through the other eight
months OF 1901, or $50 900 more II peace should
come at once. The weather for the seven weeks
after September 20 was remarkably favorable fof
the cotton crop to mature and be gathered; 1t has
Induced and With reason, the popular estimate u
range from three and half million bales as 9
minimum up to four millions aa more than possl
bic. At the same time the reports from Other
countries promise an Increased production. over
that Of 1852
Finally, the summing up OF the business o.
1s6e-7O shows that an American crop OF 8, l2o 0oC
bales, Notwithstanding the reduced supply from
other countries, was enough to supply the large
consumption OF Europe. urged by the fair prom
which spInners were making. and add to the sur
Mus rs 600 bales OF cotton. Contrast the state o.
things before the war, when middilng upland
cotton was as skd, and that which exists now
with promise OF an addition OF $4,000 or 900,
600 bales to the surplus OF October /, 1871, anc
cotton at elid In Liverpool, and still dearer IL
New York. Is 1t we'll to advise planters TO nolc
on TO their cotton at present prices