Vicksburg weekly herald., 1870-02-05
WEEKLY COMMERCIAL AND
FINANCIAL REVIEW.
OFFICE OF TIE vICEsBURo HERALD. !
Reb,

Feb.
Business of the week has been
but moderate. Cotton has 1uciu-
ated some and now we quote our
market for mildlIngs 23a23iS.
The money markets are quiet with
little change. Preparations are 90.
ing on for the coming crop.
Tho average weight Of our bales
has been slowly increasing for some
years past and was last season 4jGis
pounds, and all estimates, there.
fore, on lhc bales Of 400 pounds to
the bale, must either b. made IN
entire ignorance of facts which
should be known to all who pre-.
sumo 10 write on The sIhiect. or
from interested motives. lu 1852
the average weight ofthe cotton on
bales imported into Liverpool was
as follows: Mobile, 5Ol pounds ;
New Orleans, 455; Upland, 800 ;
Sea Island, 333; Egypt, 2l5; Bra.
I'll, lSR. A Manual Of I Commerce,
published in 1866, gives the weight
Ofa bale OF cotton from lG0 to 800
pounds, the heaviest being from
Alabama and Louisiana, the light
est from Brazil. "Iu 1890 a bale vi
American cotton was 200 pounds.
In 1921 1t averaged 2j6 pounds, and
IN 1896 il was 30 pounds. In
Loweu, m 1891, the average bale
was 36l pounds. In these days the
bale of American cotton Is under
stood to be $50 pounds, and when
the crop is stated bales Of thai
weight are intended. 1t is Il cheap
device TO affect the market TO insist
upon official returns which vary
the amount so materially as those
given by the Tribune do. 1t is all
easy matter TO increase 100000
and then say that the baIe we in
tended was not the bale Of which
you thought. The evil is done bG.
fore the 'quip' Is discovered"
The cotton supply Of the world,
we are Informed by Mr.. Carnac
excluding China, Central Asm, and
small quantities used in producing
countries, my be laid down ls ST.
100000 bales Of 100 pounds each
This production Is distributed
among the following countries in
the quantities stated America
1900 600; India, 100000; Egypt
$4,000; Brazil, 272 600; other
countries, 3l7,0D0. Other countries
mclude ihe Mes! ludla colonies
the Cape ives. coast Of Africa
Australia and other countries Dor
dering the Mediterranean Sea.
The cotton consumption of thu
world is given as follows: -Grea
Britain, 2. 10000 bales Of l0t
pounds; France, 100000 bales
Germany, 10000; Russia, exclud
ing quantity sent from Contra
Asia, 250,0ON; Holland. 10000
Belgium, 10000 Italy, 100000; Uni
ted States, I,OS00OO; India, 100000
China, (Indian cottOn), 10000 -
We have thus total OF 5000
sales Of 400 pounds each-any dit
ference between production ant
consumption would be supplies
from existing stocks. But Mi
Carnac says that the requirement
of the world were 6n64O,W
bales, so that there is ample room
for increased production.
From the figures given above /
will be seen that India Is very clos
in the quantity Of cotton produces
in America, the greatest cotton pro
ducing country in the world. W
must except China, in which from
one province alone, that Of Kuang
| joa. ken.han, the Outturn Is said L
be 4,500,O00 bales. But as China no
only consumes all It's own cOttOl
but imports cotton from India HI
Carnac very properly leaves Chin
out Of his calculations altogether
Mr. Carnec makes some remark
on a reported assertion that Man
chester would only be too glad /
leave India in the lurch, aud tax
its supplies from America II bel
ter quality Of cotton, and Of sufl
cient quantity could be obtained.
In the weekly review ofthc NeN
York dry goods market the DaI
ly Bulletin Of last Wednesday says
The new year does not ope
quite so full Of promise as regard
I rates for goods, as was anticipated
There seems to be considerabl
fear among manufacturer an
agents that the present weak stai
Of our cotton market together Wit
The lees favorable report from Il