The Cotton Trade : Its Bearing Upon the Prosperity of Great Britain And Commerce of the American Republics, Considered in Connection With the System of Negro Slavery in the Confederate State
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But it is not of this sort that ' we need any considerable increase, nor could we afford the ' price which probably alone would remunerate the grower. ' 2. Our great consumption and demand is for the soft, white, ' silky, moderately long cotton of America — the quality usually ' called " Uplands," " Bowed Georgia," and " New Orleans." ' This used to be sold at prices varying from 3d. to 6c?. per ' pound (it is now from Qd. to 8fZ.) ; it can be consumed in any ' quantity, for it is available not... only for weft, but for warp, ' except for the finer numbers. "We need and consume nine ' bags of this cotton for one bag of all other qualities put ' together. ' 3. It is the insufficient supply, or the higher price of this ' cotton, that has driven our manufacturers upon the short- ' stapled native article of India, called Surat, If the price of * the two were equal, scarcely a bag of Surat would be employed. ' When the price of American cotton rises, owing to an inade- ' quate supply, that of East India cotton follows it at a con- ' siderable interval — the usual ratio being two to three — and IMPOETANCK OF AMEHICAN COTTON.
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