The Columbia herald. [volume] (Columbia, Tenn.) 1850-1873, 1872-01-19

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The Department OF kgrfcufture,
estimatea the entire cotton crop for
1871 at 100000 bales, but this is
doubtless too small by 100000.
1t takes just about 100000 of bales
to supply the markets of the world,
and hence the last years crop being
500. 900 tpo small, the price of cotton
has advanced corres2ondingly. The
crop of $40, which numbered 4. 352,-
BIZ bales was too large for the de-
mand, and the price was 50 made
quate to The cost of. cultivation, that
many of the planters in the Gulf
States Loot everything they possess,
ed. A number of native citizens of
this county, lost in Arkansas, many
thousands of dollars. In 1S7I,1the
farmers being so crippled and dis.
eouragej did not engage SO extern
siveiy in cotton raising, and the re-
suit is United supply and an ew1
travaganl price. Butwhile supply
in excess of the demand has its at:
tendant OWLS in low prices, insuffici-
ent to prove remunerative to the
planter, On inadequate supply is 81
most as dangerous and DISASTROUS in
its result, as the high prices which
it produces stimulate the production
of cotton in India, Egypt and else
where, which would cause America to
lose control of the market. "A crop
that simply supplies the market, and
leaves no surplus, is the best for the
South, aid it is strange that some eff
forts arc not made to produce this
result. However, it would be
hard to determine how many acres
| to plant, lin case of a dry or unpre'
pitious season. 1t is worth noticing
that the price in 1926 was very
much what it has been in 1901
In these two last years, with a croI
averaging nearly 100000 of bales
for the two years, the price has vari
| ed from 1i,5 cents q pound TO 25ssi
while n!lS25, when the crop did no
equal 100000 bales, the price varied
from Ii to q cents. In the spring
of 1915 the price touched the loves
point eyer known-four cents
pound the crop Of 1871 being abeu
100000 bales. 1t did not reach 5,
100000 namely in 1858, 1859 ant
lSTO, tile latter year producing tn
largest crop ever known, except ths
of 1853, which was reported in tn
census rs over 100000, but! wa
really, according to the careful com
putations of Mr.. B. f. Morse, onl.
l.SG4, 295 bales, weighing 2,3i3,0O0, 90
pounds. In 1870 there were 1859, 3I
bales, Weighing :, O2l, 65I 900 pounds
but the value of this crop was create
| by nearly $30,0Oo,OOO than that o
1859. 4 he most valuable crop, how
ever, was that of 1869, which realize,
S2l5,l95OO0 in gold, though thu
number of pounds was less than 1,
10000, 900 and Of bales only 3, ID, l5l
The highest prices for cotton were il
1861 and 1865, when it went up t.
Sl3o a pound, in the midst of tn
cotton famine produced by our civi
| war. -, 49,.
| 1t is computed that there are now
in motion in the civilized world six
ty-scvcn millions of cotton spindles
viz: In Great Britain, forty millions
on the Continent, eighteen millions
i'm America, nine millions. Accord
ing TO an intelligent writer in the
Boston journal, the British spindlcs
are increasing forty thousand per
week, while the employed have riser
fr )m $4,000 to 10000, and the cot
ton spun in the three lust years has
been as follows: In 1868 CD, nine
hundred and sixteen million pounds
in 1869 70, ten hundred and sixty.
five million pounds /; in 1901. elev.
Gil hundred and seventy-six million
pounds. At this rate Of progress the
manufacture in Great Britain in
lS7I-72, if not checked by the adj
vance Of prices, would reach thirteen
hundred and forty million pounds, OF
3,3Ju,Oo0 bales of four hundred
pounds each. 49,. ...~ -!-!s-.I =
The same author puts the aggregate
consumption for the continent OF
Europe this year at 2,l25,0o0 bales
70 this we may add for the United
| States at least ], 125,00o bales, for iii
,cplAumptions is now growing rapid
~, Che gain in manufacturing power
at Fall River alone, being in one veal
some $1,000 bales, and $1,000 bales
more for Mexico aAfsEanada. Here
is total consumptioneof cotton fol
the current year Of {, $4,000 bales, o.
which our country furnishes but lit.
lie more than half. India provides
2,3Oo,0OO bales of cotton, of which
but little more than l,5O0.00o bale;
comes to Europe. Other regions yield
about a million bales yearly. 81. ~