Production And Price of Cotton for One Hundred Years
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Business depression in Europe.
~ 1850. — The number of cotton mills in the United States, 1, 074, with 3, 633, 693 spindles.
Prices. — So far as prices are concerned this was the most remarkable decade in the history of cotton planting in this country. Not only were the lowest prices on record reached in the United States, but it was the longest known period of continuously low prices. It was remarkable also for unprecedentedly large crops, with one or two exceptions, and for the enormous accum...ulation of stocks in Great Britain, clearly indicating that production or supply had exceeded the demand. In 1842 middling to fair cotton reached as low as 4^ cents per pound in New Orleans, and there is on file in the Department of Agriculture a letter showing that a Marengo County (Ala. ) planter sold this year 17 bales of cotton in Mobile at $i cents. The market reports of the day quote middling to fair cotton in New Orleans in 1845 as low as 4|, and in Mobile the same year, 3^ cents per pound.
What to read after Production And Price of Cotton for One Hundred Years?
You can find similar books in the "Read Also" column, or choose other free books by James L James Lawrence Watkins to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Business depression in Europe.
~ 1850. — The number of cotton mills in the United States, 1, 074, with 3, 633, 693 spindles.
Prices. — So far as prices are concerned this was the most remarkable decade in the history of cotton planting in this country. Not only were the lowest prices on record reached in the United States, but it was the longest known period of continuously low prices. It was remarkable also for unprecedentedly large crops, with one or two exceptions, and for the enormous accum...ulation of stocks in Great Britain, clearly indicating that production or supply had exceeded the demand. In 1842 middling to fair cotton reached as low as 4^ cents per pound in New Orleans, and there is on file in the Department of Agriculture a letter showing that a Marengo County (Ala. ) planter sold this year 17 bales of cotton in Mobile at $i cents. The market reports of the day quote middling to fair cotton in New Orleans in 1845 as low as 4|, and in Mobile the same year, 3^ cents per pound.
What to read after Production And Price of Cotton for One Hundred Years?
You can find similar books in the "Read Also" column, or choose other free books by James L James Lawrence Watkins to read onlineMoreLess
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