The weekly Panola star. [volume] (Panola, Miss.) 1857-1881, 1872-03-23


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ss<a ezl|iza e zFlsdlsss va IL
Gfst British fsFff asslllaas es &c
faHEIHsaEs sizHfssa HsllIlsHsi ~
Afaefies. aiba millions.
The GTgslss als arFfisss o.
si.ss fhs difference esfvssH tbs price
oI HsiAiIihE eeftsa afsj ilist # So
20 urn PEI pound ~ Enflsad has
svsfskfd - tsafsssi IN 1858 I, sis
and ten enc liunlfsdtls rents pef
reuaHl 10 1sfn-Io, esbt anil twea
tss me h~uisdfesiihs cents per pound
~ ls7o-Ii, ten ssj Thirty tight one
hundresftIss cunts per pound. A.
suning Ne difersHcs IN 1s5s-6e 10
have covered the cosf Of manniac'
tsfe, the British sosten mills must
have yielded tlfis year q profit 81
$4,000, goo. anil The result has beeI,
that the slindles 10 those mills are
increasing forty thousand pee seek,
that The poor list 10 Diminishing,
while the operatives employed have
risen IRON 35o,0ooatc 10000, ainl
the cotton spun In the three hast
years has been ~ follows; In 1868
sa9, niHe hnsslssd a1ad sixicen million
POUNDS IN 1859. 10, ten hundred and
-ixty.ivc million pounds; IN 1870.
al, eleven hundred and seseufy six
, million poundSs
THE indieaies q gro~th In two
years Of twcn'y-cight per cent, aud
the manufacture Il now ahead OF
that Of any previous year. Al this
rate Of progress the manufacture, In
Great Britain, in lS7l-72, 1t not
checked by the advance OF prices,
would reach thirteen hundred and
forty million Of pounds, o. 3,85o,o0O
bales oi four hundred each.
III 1868 the average consumption
Of the continent u Europe, iaclud'
ing Spain and that part Of Russia
supplied from the same sourscs with
the residue Of Europe, was SGT by
the British commissioner tor India,
X. Reyell Carnac, At l,77O,OOO bales.
II VIC allow for tho last hour years,
during which onc-halt OF that con-
sumption has been adversely affect
" tor one year by war, m increase
of hive per cont. yearly, and this Il
lcss than halt the gain Of Great
Britain, we dedace 4 gain Of $780,
600 bales aud IN aggregate consamr-
ton for the continent q Enrope this
year Of 2,laJ,000 bales. 10 this We
may add Tor The United States a,
least ! ,1sS,ooo bales, Tor ~ c',nsump'
ton u now growing rapidly, the
gain N manufacturing power IT Fal
hivcr alone being ~ one year some
$4,000 bales, We close the list viii
$4,000 bales more Tor Mexico and
Canada.
From these estimates We form tlii'
statement of the consumptioa OF cot.
ton for the current year from Sep
,embcr, 1871, to October, 1872, viz
Consumption OF Great Britain, 3.
$1,000 bal =; Of the continent, p,
$4,000; Of tho United States, 1925.
600 Of Mexicn, Cauada, ETC., So
900 aggregate consumption Of the
civilized world for 1871, 6,050,0 900,
Should the consumption continue ut
the present rates, viz: ut an average
gan Of about ten per cent. per an.
mum, Il would rise IN 1879 to
7,3la,00O bales. Will this rate Of
increase ccntinne, and will this con
thae, arc questions important to our
country! The price must depend
chiefly upon the supply, and the
price - ) great or lcss extent rcgu,
latcs consumption. Let rs glance at
tho sources Of supply.
Nrst, ut the United States, the
chief producers, They produce this
year not more than S,45O,000 bales,
How Nil with Indiai There wages
lave doubled IN the last half cen
fury, and chiefly during our civil
VA. During the last decade India
has absorbed $3.50, 00Q, 900 Of silver.
Hfs Nys@ rtegenerally oat Of debt,
ANIL Tive slylc 81 livilis Improved. In
! recent work, published At Bonn
hwy, Carl,ac sets tho annual producs
ton q India It two million three
huaered thousand bales Of cotton.
ufilais India requires, ii his opinion,
Tor her own use, 100000 bales, for
che manufacturer half Tho cloth she
eOnwHlAes, and has set il motion sew
cfal Enc IiGh mifis which carry. An