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AMERICAN CROPS AND CONSUMPTION.

THE activity of the "Bremen Cotton Exdiange" depends, to a large extent, upon the import figures, and these again are under the infliuence of the various crops, In America, big crops alternate with small ones, the cause for this diversity is to be found in the climafe conditions, and also in the ruling ränge of price. High prices stimu* late an extensive planting and a careful cultivation of the ground, while low prices have the contrary effect. The crop figures from 1872—1914, were ascending, an occasional decline was made good later on.

The following figures will make this clear.

American crops:

1872.

. 3 650 000 bales

1901.

. 9 749 000 bales

1875.

. 4302 000 „

1904.

.13 697000 „

1878.

. 4745 050 „

1907.

.11326 000 „

1881.

. 5136000 „

1910.

.11966000 „

1884.

. 5 477 000 „

1913.

.14 614000 „

1887.

. 6884000 „

1914.

.16 738000 „

1891.

. 8940000 „

1915.

.12013 000 „

1894.

.10025000 „

1916.

.12 664000 „

1898.

.10985000 „

1917.

.12 345 000 „

51