LETTER OF TRANSMITTAL. 



United States Dhpartment of Agriculture, 



Division of Statistics, 

 Washington, D. C, July 15, 1895. 

 Sir: The accompanying paper on ^'Production and price of cotton for one 

 hundred years'' was prepared by Mr. James L. Watkins, of this Division. The 

 movement of cotton prices here set forth seems to throw considerable light on 

 questions relating to prices of other agricultural products. I am satisfied that this 

 paper will be found of value and interest, and I recommend its early publication 

 as Bulletin No. 9 (Miscellaneous Series) of this Division. 

 Yours, very respectfully, 



Henry Farquhar, 



Acting Statistician. 

 Hon. Chas. W. Dabney, Jr., 



Acting Secretary of Agriculture. 



CONTENTS. 



Page. 

 Table I. — Showing supply and consumption of cotton in the United States and 



Great Britain — surplus stocks and average prices, 1791-1800 4 



II. — Showing supply and consumption of cotton in the United States and 



Great Britain — surplus stocks and average prices, 1801-1810 4 



III. — Showing supply and consumption of cotton in the United States and 



Great Britain — surplus stocks and average prices, 1811-1820 5 



IV. — Showing supply and consumption of cotton in the United States and 



Europe — surplus stocks and average prices, 1821-1830 6 



V. — Showing supply and consumption of cotton in the United States and 



Europe — surplus stocks and average prices, 1831-1840 7 



VI. — Showing supply and consumj^tion of cotton in the United States and 



Europe — surplus stocks and prices, 1841-1850 8 



VII. — Showing supply and consumption of cotton in the United States and 



Europe— surplus stocks and prices, 1851-1860 10 



VIII.— Showing supply and consumption of cotton in the United States and 



Europe— surplus stocks and prices, 1861-1870 11 



IX. — Showing supply and consumption of cotton in the United States and 



Europe— surplus stocks and prices, 1871-1880 12 



X. — Showing supply and consumption of cotton in the United States and 



Europe— surplus stocks and prices, 1881-1890 13 



XL— Showing supply and consumption of cotton in the United States and 



Europe — surpl us stocks and prices, 1891-1895 14 



XII. — Showing comparative stocks of cotton in Europe — lowest and high- 

 est prices in the United States and Liverpool for two decades 15 



XIII. — Showing the range of prices of middling upland cotton per pound in 



New York from 1821 to 1895, inclusive 16 



