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The Daily Dispatch: May 28, 1864., [Electronic resource], The Lexington Cadets — Presentation of a flag. (search)
The Daily Dispatch: May 28, 1864., [Electronic resource], The "
Soldiers' Friend." (search)
A Scarcity cotton Threatened. Mr. McHenry, author of the "Cotton Trade," is stated by the London Index to have written a letter to the Standard, in which he says that the total stock of cotton in Europe and the Federal States on 1st January, 1864, amounted to but 2,000,000 of bales, of 400 pounds weight each. Of this stock the Federal States possess 400,000 bales, leaving but 1,600,000 for Europe.--Of these 2,000,000 bales, six-sevenths are of a quality so inferior as to be useless for all kinds of manufactures, unless with the admixture of a large proportion of the better sorts, which it is impossible to obtain.--Such is the supply. As to the demand, it is sufficient to observe that in 1860 the manufacturers on both sides of the Atlantic apparently used up 6,000,000 --really but 4,500,000--that is, only the latter quantity was taken by people using and wearing cotton goods, Supposing the wants of the world to be what they were four years ago, and deducting 300,000 bales that