The herald and mail. [volume] (Columbia, Tenn.) 1873-188?, 1874-12-11
KING COTTON.
Statistics OF the Yield of the Great Staple
in Foreign Countries.

Statistics OF the Yield of the Great Staple
in Foreign Countries
Tue bureau of agriculture at Wash
ington has been busy for weeks figuring
upon the probable yield of cotton in the
southern states for 1874. English houses
in Glasgow, Liverpool and Manchester
have likewise, from reports furnished
from time to time by confidential agents
at the great centers of cotton productioB
and shipment, been engaged in elaborate
calculationstoga gauge the crop and fix the
probable price. There is reason for the
anxiety manifested by botL buyer and
seller. . The demand for cotton at home
and. abroad is so great, so much capital
iss fnEested in its manufacture, and so
many~lARnds and mouths depend upon
it for work and sustenance that any. con-
siderable decline in production becomes
to the m snufacturer matter of pounds,
shillings and pence, and to the artizan
matter of life and death.
The cotton crop of India this year
exceeds the whole cotton crop of the
south. but it is inferior, large quantities
of it inaccessible, and, unless under the
temptation of high prices, even with
the increased facilities for 1ocomotion
since 1861, can not be got to the sea-
board. The estimate in which l. is
held, as compared with American grades,
can be seen from the prices which the
best Indian staples at last quotations
command in the Liverpool market. The
average price for American middling up
lands last year was SD. The best In
dian grades and their prices are as fol-
lows Tinnevelly. 11-16d; western
Madras, 4Ed to SD; Coconada, So to
SD; Oomrawuttee, Lied; Bengal,
A. to Sd. The amount received in Eng
land last year from India was 367, ,649,-
744 lbs, a decrease of 76, 900, 900 on the
former year. From Egypt 204, 977, 116,
an increase of $1,000. 600 lbs. But the
Egyptian supply is likely to fall short
in 1S745 from two causes: first, from
an excessive supply of water in some
districts, causing a growth of too much
wood and too little fruit second, in
other districts where the Nile has been
high for two months, the government
forbade the workmen to touch the en-
bankments as they did in former years,
when the river was at moderate height,
and hence the supply of water has been
insufficient and the cotton crops have
suffered in consequence. FIom the
Mediterranean countries, exclusive of
Egypt. England obtained in 1874 g.
670,816 lbs, an increase of 600, 600 lbs.
ever the former year. From Brazil TO-
480, 800. a decrease of 10000, 900 lbs.
From New Grenada and Venezuela 3d.
973, 0SS lbs. which was only half that of
the year 1928. The British West In
dies and British Guiana supplied l.
070, 100 lbs, a decrease of $50, 900 lbs,
while Mexico, with her vast capabilities |
if only turned to proper account, sup
piled only "a, AS lbs. China sent her |
1,016, S48 lbs, an increase of 764. OGO |
lbs, and all other countries 50, 155, 56S |
lbs. IN increase over the former year of |
nearly 5000, 900. OF this quantity g. |
949, 200 lbs. came from Peru. 5,212, 900 |
lbs. from Turkey, 3,O87. 700 from Aus
tralia, 1918. 800 from Western Africa, /
l. 1866, 900 from Chill, 942 900 from Cape |
of Good Hope, 15S, 800 from Natal, 262,-
900 from Mauritius, and 951, 400 from |
Hayti and San Domingo. Thus the to-
tai import of cotton into England in
1874 was l, ,527, 500. 224 lbs. an in
crease in the aggregate of 119 600. 900
lbs. over the former year. Bat as 220,-
900, 256 lbs. were re-exported, the net
amount remaining to supply the mills
OF Lancashire and Glasgow vas 1907
595, 96S lbs, a net increase of 172 000,-
600 over 1928. OF this the United
States supplied, as will be seen from
the figures, mere than 65 per cent.
Great Britain manufactures cotton for
four-ffths of the buyers of cotton goods
and we supply her with thirteen twenti-
eths of the raw material Our total
exports for the fiscal wear of 1874
amounted to S649, 1872, ,565, of which cot
ton made up 1913, 500, 600; that is, raw
cotton made up nearly 50 per cent. of
our total export trade. The amount
for home consumption.
and which appears neither in our export
nor import trade, was enormous. The
Importance of this item
may be seen when placed alongside the
next most important commodity ex-
ported. The highest on the list after
2ottOn is Of course grain, which reached
the aggregate of $3.50, 600, GOO; that is,
The value of the grain exported reached
"a 6 per cent. of the whole, while cotton
stood at 50 per cent. of the whole.
We have made the civilized world our
tributaries for cotton. All the other
countries are unable
% send as much to the English market
Is the southern states of America. But
or our civil war the United States would
De to-day supplying 80 per cent. of the
whole. That unfortunate contest re-
luced US from II per cent. in 1861, to
IS per cent. to-day. But we are rap
dly regaining our lost vantage ground.
Courier Journal