The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-04-20
The Home Supply OF Cotton.

The Home Supply OF Cotton.
The interest OF the cotton trade is just
now strongly directed to the inquiry, HOW
aiar are the Northern mills stocked with
.scotton ?" and it's compliment, "How much
"more cotton will they need to getfrom the
"South before October Ii when the new
"crop begins to arrive" From the Boston
Advertiser ne obtain an approximate an.
swer.
The Northern consumption for lS7o'7l
was 927. 600 bales, in addition to winch IL
was estimated the mills took q surplus OF
80. 900 bales, making LOOT, 900 bales taken
from that crop. In The early part OF That
year, consumption was slightly impeded BY
want of water at some mills; but otherwise
consumption was urged to the utmost by
active trade, low prices and fair profits, and
it's total was about fifteen per cent. larger
than in 1s69-70. Not many new spindles
were added to the power existing in 1870
II for work in the current year, and these
we're we're chiefly for printTcloths and other Light
goods, This year, from the start, the best
profits and quickest demand were on light
fabrics, until recently there has been better
demand for standard sheetings and other
heavy goods; apparently due to their search
ty from relatively reduced production. IN
doubtedly the average production OF yarn
has been finer this year than ever before,
recurring less cotton to supply the same
number OF spindles, On the other hand,
every mill has been running to full capacity;
some on extra hours. Grouping these sev-
eeraal elements, full work, additional spindles,
without; loss Of time or power, and slightly
reduced weights Of goods, we find the result
to be about ten per cent. increase in the
consumption Of cotton. Consumption in
ls7O-7l, s27, 900, add: ten per cent, $4,000;
consumption .ls7l-72 100000 bales, or
nearly 20, 600 bales per week.
On the question: how far Northern mills
are, stocked, the prevailing opinion among
spinners and dealers ig that they have supply
TO the LIST Of August or later 1t is certain
| that s%pinners have had both strong induce
ment and willing disposition for buying free?
" all the season; and that very rarely have
| they held at this period in. the season 40
much cotton as they hold now. In the Sta
~tistical tables Of s'receipts at ports" the mar
ketS receipts and stocks at Northern ports
include only New York, Boston, Philadel-
phia and Baltimore. The '"'stock in ports'
reported weekly is, therefore, exclusive OF
the. stocks at. Providence and other places
which are peculiarly spinners' markets.
They make q respectable aggregate and
should be accounted, for somewhere. II
reckoned in with the mill stocks, 1t would
seem to put beyond doubt the. answer that
the mills have supply to August 8, say forty
eight weeks from September l, 1871.
Then, supply for 4s weeks at
10000 per week. ........'. ,.s6o,OOO oales.
Deduct surplus held September
1. $4,000 bales.
Taken since September l........sso,ooo bales.
OF which from ports to April Is,
- (per sChronicle) 800; .6ll,ooo paies.
Secured somewhere else. ...... .26s, 900 bales.
II it be conceded that there are yet $4,000
bales due to spinners on time contracts, be.
yonid the quantity now;held in New England
stores by; contractors for delivery, then it is
quite evident that ESQ, 900 bales must have
come. "oyerland" to the mills, the reports OF
railway clerks to the contrary notwithstapd-
Ing. It does not matter that so, 600 bales or
more Of this supply may be at seq, not yet
received at mills; it has been counted out
from Southern stocks, and stands statisti.
cally as il in the mill storehouses.
. For the question, how much more cotton
need Northern mills get from this crop? we
find the answer
Required for the full year......1,o2o,O 600 bales
Taken since September
l, from ports and over
land .."ooV,ooo
Less-to beimported for
spinners' contracts. :. Is, 0OO-ssl,ooo bales
Required of additional from
ports and overland. ...........169,0 0O oales
This provides for the full twelve months,
It is in addition to the $4,000 surplus held
lst OF September last, which being amply
sufficient 20 run to new crop last year, will
doubtless suffice for the same this year.
Whatever OF error there may be in the
foregoing figures is involved in the common
assumption that the mills have already se-
cured supply to August 8. Our readers can
change that and the tignres depending upon
it, augmenting or diminishing, as they shall
severally incline.
THEY still come. The School Commission
ers Of Chester and Richland give notice OF
the closing OF their schools for lack OF funds,
and the same ~conditioaa Of things exists in
all the other counties id the State. Millions
OF money have been collected from the peo-
pie, and ample appropriations were made
for all tie public institutions; but when
drafts are presented for the schools or for
the Lunatic Asylum itself, the invariable
answer is: "No money in the Treasury"
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