The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1889-10-19

during the latter part of our late war
contained letter from q Lancashire
spinner who said: "At the outset OF
the war we altered our machinery to
work East India Cotton. We are max:
ing as good cotton cloth as ever we did
from New Orleans cotton"
Gov. Acorn in speech of great power,
and full of valuable information on the
cotton question. delivered in the Senate
of the United States in 1878, in adyoca-
cy of bill introduced by him, provid-
ing for construction of levees on the Mis-.
siss ppi river, said E: "And the Secretary
of the Cotton Supply Association tells
us in his late book that Indian cotton is
declared to be fully thirty per cent
better than it was twenty years ago
and for some time past the best descrip>
tions have commanded prices bat little
below those of America in the English
market" In the same speech he sub.
mits table compiled from reports OF
the market OF Liverpool going to show
the gradual advance of India Cotton, rs
compared with the low grade of Ameri'
can upland.
FAIR COMPARISONS NEGATIVE THE AssER-
T1oN OF SURPRISING QUALITY.
In his table, 1 find that whereas in
1858, low grade of American uplands
were worth 81 pence, and high grade
Dahlera So pence: that in 1871 low gradr
American uplands were worth 717g pence,
and high grade Dohlera 7la5 pence. In IA
period of fourteen years the Indian Cot
ton had advanced from u position liz be-
hind the American t" position in the
market only IS behind. 1t this remark
able race for preferment ended here we
might with some proprie:y still claim a
supremacy in value that's denied US III
quantity. Bot by referring to "Elison
l. Cos. Annual Review" Of the cotton
trade for 1887 and 1888, I find that on
January 10, 1888, Brosch. the best grade
of the East India Cotton, sold in The
Liverpool market at 50 pence, and that
American Mddling upland sold for 5
pence. Thus the despised rival, so hum
BILE in 1871 as to claim rank fully halt
cent behind our lolo grade up ands, comes
rapidly to the front, and in 1888 passes
our middtng upland in the greatest
market of the world. We have been
outlun too in the higher rades,-New
Orleans middling rated in Liverpool in
1874 It II pence. Mobile middling at
10E pence These are our best cottons
West India fair rated same time IL pence,
Pernam III, Egyptian IL pence On
January 18th 1888, New Orleans Mid
ding sold in Liverpool at 5}d pence
Pernam 81 Egypiinn 7lI5. This doe
not look like monopoly in The best
varieties. We can estimate the impor'
tance of this rivalry ia the higher grades
when we take into consideration the
exten. of their expectation. Egypt
shipped to Europe of crop 1887 and 1888
40, 900 bales of432 pounds each, Smyrna
q, 900 bales OF 432 pounds each, Brazi
42O 900 bales OF 432 pounds, West Indies
$4,000 bales OF 432 pounds each, aggre
eating 4O3,92O,00O pounds, or 935,oo'
tales of average weight 432 pounds
Remembering that less than one-fourtl
of our whole crop reaches the high rat
of Orleans Middllng, and that about 4,
900 900 bales of all sorts went abroad las
year, we can only allow for Mobile an'
Orleans MiddIing about l, IA 600 bales
very small advantage in our favor
Take from this the Peruvian crop, whicl
amounted in one year to $4,000 bales
the Venezuelan and Columbian crops
the crops on the Mediterranean ant
Adriatic, all Of which rank about will
our Orleans Mddling, and the margin il
our favor Is narrowed almost TO obliter
alton. 1t may be assumed, however
with some degree of allowance for on
natural inclination to read the figure
that way, that all things being equa
there being no disparity in prices, Amer
ican Middling uplands are preferred
the best grades of India Cotton at Liver
pool. But the difference in the value
and the demand for American an
foreign grown Gotten is rapidly narrow
ing to mere question of convenienc
and inclination. For whilst Liverpot
prefers American to India Cotton, Con
tinental markets seem to be moving In
reverse ratio towards the India crol
Besides, at Liverpool other sources {
supply seem equally favored with tn