The report of the jury of the Exposition at London estimated as follows the consumption of Europe in 1860-61:

Imported from

United States.

East Indies..

Egypt....

West Indies.

Other sorts

Kilograms. 716, 000, 000

92, 000, 000

27, 000, 000

10, 000, 000 10,000,

5, 000, 000

850, 000, 000

or 4,388,000 bales, averaging, at 188 kilograms, 825,000,000 kilograms only.

We proceed to put in comparison the European consumption in 1861-'62 and 1862–63, the years when the least American was used and when consumption fell to its lowest point.

Consumption 1861-62, (applying the average weights of 1861 in the absence of others:)

See again the figures of 1866-67, which indicate a well-marked turn back to the normal situation:

at 168 kilograms, average would be 696,700,000 kilograms. To complete this statistical exhibit, without pretending to be rigorously exact, which is impossible, but at least with a sufficient degree of

approximation, we will give here the analysis of the 368,000 bales of other kinds than those of the following countries: America, the Indies, Brazil and Egypt, imported to Europe from the 1st October, 1866, to the 30th September, 1867, viz: Importations in England, 153,000 bales; importations direct to the continent, 225,000 bales; total 378,000 bales, from which to deduct 10,000 bales re-exported from the continent to England. (The cottons of Naples and Sicily, which remain in the places of production, or which went to other parts of Italy by Genoa and Leghorn, do not appear in this table.)

From the preceding tables we have the following results:

1. That the total consumption of Europe, stated at 850,000,000 of kilograms for 1860-61, is reduced, by the effect of high prices, to 349,000,000 kilograms in 1862-63, and to 342,000,000 kilograms for 1861-62, which, taking the average of these two quantities, shows a diminution of 505,000,000 of kilograms, or nearly 60 per centum of the consumption in the normal year 1860-'61. It has again risen to 694,000,000 for the year 1866-67, which shows a diminution yet of 156,000,000 of kilograms, or 18 percentum below that of 1860-61.

2. That the quantities which have been contributed to the general supply by the countries formerly productive and those of new and accidental culture during the two years since the war, 1865-'66 and 1866–267, amounted to only 31 per cent. of the consumption during the two normal years 1859–60 and 1860–261 before the war, thus:

Countries formerly producing cotton

or 31 per cent. of the consumption in the normal year 1860–261, of which 26 per cent. from old cotton-producing countries, 4 per cent. from countries where the culture is accidental or wholly new.

It should be noted that we have included among the countries of accidental or irregular culture the Levant, Italy, Malta, Persia, West Indies, Algeria, Spain even, and many other countries which, before the secession war, contributed their quota, more or less, according to the course of the day, to the supply of the European markets.

A more minute analysis exhibiting the extent of the temporary capacity of supply by the countries not usually productive, and the rank of those (other than the United States, India, Brazil and Egypt) which contributed to the supply of the 368,000 bales imported into Europe in 1866-67, is given in the official table, placed in the order following:

which arrangement assigns to the Levant the first rank among the countries of secondary production.

To sum up, we find that British India has brought the most effective aid to Europe in her distress, and that this aid, or excess of their usual exportation, has only been the equivalent of 20 per cent. of the normal consumption of Europe, the remaining 11 per cent. being furnished in three nearly equal parts by Brazil, Egypt, and the countries where cotton culture is new.

This proves, in the matter of cotton-growing, that if the productive faculties seem to be in some sort indefinite with the stimulant of high prices and the infinite areas which remain accessible to this culture, time (that is to say, a sustained confidence in the maintenance of these high prices and the delays inseparable from a culture both difficult and touching, under certain relations to industry, the important process of cleaning from seed) is an element with which it is necessary to reckon—more, even, than with the success of the plant itself and that which it will always carry, whatever may be done-the inevitable hindrances to the restoration of an equilibrium too rudely broken.

III. STATISTICS OF PRODUCING COUNTRIES.

In the second part of this report we shall follow summarily the countries which are the principal producers of cotton, in the different phases of their culture, before and after the war, in giving, with the indications of the prices of these last years, some details upon the qualities of the products.

A general table, recapitulating the production for these last years of cotton dearth, will end our work.

UNITED STATES.

The American statistics have naturally been interrupted by the war. We borrow the following figures, which offer some interest in spite of the vacancies, from the Circular of Mr. Wm. P. Wright, of New York:

Statistics of production and consumption in the United States.

* Mr. Wright's figures follow the tables of the New York Shipping List, which, in its division of the Ameri. can consumption in 1866-'67, erred by assigning to the northern consumption 135,000 bales less than the actual, and a corresponding excess to the consumption elsewhere.-B. F. N.

By these figures it may be seen what a terrible shock the American culture received (fallen, they say, to 500,000 bales for 1863-64, and 300,000 for 1864–65) since the crop formerly supplied an annual average of 4,000,000 bales; that it attained in 1866-67 to only 2,000,000 of bales, and that it is estimated at only 500,000 bales more for the following

season.

Let us state that the beautiful long staples of Georgia have wholly disappeared from the market. The classes 1, 2, 3, are completely exhausted, and as the islands of Georgia and Carolina, alone capable of producing the most beautiful kinds, have been from the first devastated throughout, it is probable that the fine specimens, results of a culture wholly artificial and of seed selected of the best, year after year, will not be restored for two or three years. The manufacture has, however, known how to satisfy its necessities by spinning the grades less fine; but the prices, 80 to 100 pence the pound English, (24 francs the gross kilogram,) paid for the choice Georgia sea island cotton, will not the less remain a testimony of an unheard-of and exceptional penury.

BRITISH INDIA.

A memorial address by the Cotton Supply Association of Manchester gives the following details: the sum paid to India for cotton has risen from less than 8g,000,000 francs in 1860 to more than 705,600,000 francs in 1864; more than 630,000,000 francs were paid to India in 1865, and more than 636,000,000 in 1866.