Cheraw gazette and Pee Dee farmer. [volume] (Cheraw S.C.) 1838-1839, 1839-10-25
From the Farmers's Register, for September

From the Farmers's Register, for September.
The high prices Obtained at Mr.. Phy-
sck's sale are likely 10 have an injurious
effect on the market. These prices, added
to the previous panic, and consequent anx-
iety of many persons to sell, have caused all
immense number Of trees to be advertised
for sale, and at auction. and for cash,or very
short paymens: This most mpoltic
course, of forcing sales six or seven months
before they can possibly be wanled for
planning, (their only use, so ear'y,) will at
least test the vital powers ofthe commodity;
and If prices are not for time reduced 10
one half, or TO less, by this Cutting Of be-
fore dull market, then it may be relied on
that there is an intrinsic value in the article,
surprising the speculative demand, and that
nothing can destroy its market. And this
forcing Of sales is to be done at time
when the United States Bank post notes are
selling a, "a per cent. discount, and tn
bes, public securities and stocks at prices
unprecedenledIy low, compared to their ack.
nowledged value as investments and when
stoppage of specie payments by the banks
is openly recommended by commercial
paper in New York, to alleviate the inoIer-
able existing pecuniary pressure. If, uuder
such circumstances, the producers Of whea
were TO insist upon selling the next surplus
crop Of the country six months before it
could be- put TO any use, it would certainly
put down the price to less than hall the ex.
pected future rates.
The resul, which this most impolitic pro.
cedure may produce, of a temporary pros.
tration of prices, would be as injurious to
public as to private interests. The founda.
lion of silk culture is now laid 80 firmly and
broadly. that nothing will prevent the s:ruc-
lure being finally erected and this would
secure good prices for trees, not only f
tais year. but also for the next, even if there
were not a ngle individual speculator in the
market. But asudden depression now, wou
cause the erroneous impression to be mad"
on the public mind that the advocates of silk
culture had los, confidence in its value and
profits, and would thus serve at least to re-
lard IFS general or extensive establishment.
We believe that every tree raised IN the
country next year will be wanted to supply
the actual demand for feeding silk-worms,
or to make provision for the future feeding.
And if so, the lowest price that can we'll be
conceived, even five cents the tree, will give
a very good profit to the planters of south
ern stock a, SO cents, or at tho highest prl-
res yet obtained or asked, this season in
Virginia. The general price ofthe young
white mulberry trees in France is franc
piece. (abou, l9 cents Ihough that kind has
been cultivated there for sale and for feed.
ing. for sonnc centuries. |1hy then, If wan
Ted for use at all, should not the morus mu
ticaulls, which is intrinsicaly worth so much
more, and as early as 1910, sell for one
third at least, and more probably two thirds,
or more of the regular price Of The morus
alba in France7 The occurrence of his result
will not depend on the action OF specula-
tors, nor be prevented by present depres-
sion of price, If caused by the means above
mentioned but will be founded on the &C
tual OT'TallOHS Ois dIo itC ScIidh dtu u''
doubted profits TO be derived from silk cul-
ture. With the success of this culture,
..h.,. t,o...l-t., n,ay pronounce
that every present holder Of trees may safe
ly withdraw from the marke. keep his trees
until next spring, (and standing in the fields
if in Virginia or more souh,) if no purcha-
ser of1:'r sooner and hen, it no, sold, con-
yer, he whole stock TO planlings, and he
may count on greater profits from The crop
than from pursuing the opposite course. On
the other hand. It is not necessary TO repeat,
what we have often said already, tha, soith-
out the establishment Of silk culture, or IFS
success being in cer:ain prospect, the
whole mulberry cultivation and trade
would indeed bs nothing but bubble.
Six Culture in Missouri. operations
of The Missouri Silk Company at St. Louis,
are already somewhat extensive. They
have fed three crops Of leaves he past sum.
mer, and the 81. Louis Republican of Sept.
2lst says, their mulicaulis trees are as
richly covered with foliage as il none had
been taken from them.