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The Daily Dispatch: September 19, 1864., [Electronic resource], article 3 (search)
the principal means of furnishing that description of clothing to the inhabitants of the globe for the past three years. The entire increase in the production of cotton, interior in quality as it is, in other countries under the influence of high prices, has not been equal to more than 500,000 American bales; while it cultivation had gone on uninterruptedly in the Confederacy, the natural augmentation in the yield at former quotations would this season have reached 1,500,000 bales. India and China are cotton-manufacturing as well as cotton-growing countries, and hence they, like England, had on hand, in addition to their heavy stocks of goods, a large surplus of the raw material, which they have been induced to part with in consequence of its extreme value. Prices have already touched the highest rates ever known. To be sure, some New Orleans middling cotton sold at Liverpool during the last war with the American States, in 1814, at 39d. but that quotation was in paper money, when