THE COTTON TRADE. 239 



New Orleans, for four years past, has been 943,000 bales ; and 

 this period includes two short and two full crops. For the 

 present year, I would estimate them at 850,000 bales. Com- 

 bining these estimates, the whole supply from the United 

 States will amount to 2,200,000 bales (see Table VI.), which 

 is about 100,000 in advance of the last five years. The re- 

 ceipts from India have increased very much during the pre- 

 sent year, under the stimulus of high prices, and they are 

 destined to advance still more for the coming season. 



The purchases now making in Bombay for the English 

 market are reported to be large ; and when the new crop 

 begins to arrive at the seaports, the current will turn still 

 more strongly towards England. Not only is their production 

 enlarged by high prices in Europe, but a larger portion of the 

 crop is diverted from China, and from domestic use, for the 

 Western markets. 



The average imports into Great Britain for the last three 

 years have been 211,000 bales ; but for the first nine months 

 of the present year, they have reached 128,000 bales for 

 Liverpool alone ; and for the whole year, for all the ports, they 

 will probably reach 300,000 bales. For 1851 not less than 

 325,000 bales may be anticipated. This is higher, much higher 

 than any former year. The year 1841 was the largest before 

 1850, and then the amount was 275,000 bales. The high 

 prices that are now prevailing, and that are likely to prevail 

 for the present season, authorize us to expect an increase, even 

 over the present year. (Table VII.) 



From Brazil, Egypt, and other places, an advance over the 

 usual average may also be looked for. The average imports 

 into England from 1845 to 1849, were 175,000 bales ; Jmt for 

 the present year, the amount will exceed 260,000 bales, and 

 for 1851 will be still larger. (Table VIII.) If we estimate 

 them at 275,000, the whole supply from all these sources 



