Southern Agriculture [pp. 579-585]

SOUTHERN AGRICULTURE
staples going into Hanover, and that she proposes to adop t a similar measure in favor
of goods destined to other States of the Zoll-Verein as soon as those States agree to a
reciprocal policy."
SOUTHERN AGRICULTURE.
1.-OUR GREAT STAPLE-COTTON.
IN the May number of the Commercial Review, p. 443, will be found a valuable
paper in relation to the Cotton trade and its prospects in the future. Since this publication we have seen in the Liverpool Times an article ftom A. H. Wylie, Esq., formerly a citizen of New Orleans, on the same subject, and are disposed to analyze it
for the benefit of our readers.
The crop of the United States, 1846-7, is estimated at 1,770,000 bales, viz.: receipts at New Orleans and Texas, 720,000; Mobile, 310,000; Florida, 130,000;
Georgia, 250,000; South Carolina, 330,000; other places, 30,000.
During the past five years the imports into Europe other than American, have been
471,000 bales, but such have been the discouragements in Brazil and the East Indies
from low prices and short crops in Egypt, that no larger figures than 375,000 bales,
can be fairly assumed. Stock in Europe, 1st Jan., 1847, 622,000, making a total
supply for the year 1847, of 2,767,000 bales. The European consumption in 1846,
was,
Great Britain,.. 1,593,000
France,....... 405,000
Continent,..... * * * * * 345,000
United States,...... 42,000
What the consumption will be the present year may he enquired. It will he diminished by high prices of food, pressure in money market, and the advaisce of almost
50 per ct. on the rawmaterial. Manufactured goods have not correspondingly advanced,
i that the advantage has been to the planter, importer, and consumer. India and
China so far from being glutted with goods, are rapidly exhaustbsg their supplies.
The United states will compete largely with the demands from these quarters. Russia
will take more than usually of yarn, and from no other source of demand is a falling
off probable, The great point, however, is the unsatisfactory position of the spinsier,
and making all allowance for this, consumption may be safely assumed at 20,000
bales per week for the first six months, and 25,000 for the last six months of the
1842-France,.. 441,000 Continent,. 315,000
1843 "... 406,000 "... 337,000
1844 ".. 388,000 ".. 298,000
1845 "... 418,000 "... 357,000
1846 "... 405,000.. 345,000
2,058,000 1,652,000
Average, 411,600 320,400
Neither on the continent nor in France can we expect this average to be maintained in the present year. In France it will be considerably roduced, and in some
parts of the continent, though some of those countries, by our want of food, have in-reased and not diminished their wealth. It may perhaps be a safe figure to place
the consumption of France at 350,000 bales
And the continent of Europe at 275,000,
625,000
579