Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1840-11-26
From tbs Charleston Mercury.
THE COTTON CROP.

10 the presen, crop. There is universal
belief at the South that The supply ol Cot
ION this year will be less than thai "i tue
last, among the planters it is confidently
affirmed that the crop will be less man 'nr
several wears. We ourselves incline to
this last opinion. 1t will be asked 'hen'
if such he the case, why has rot the price
risen7 We answer, the market has not
vet fell the deficiency. and in truth, to me
eypUrrers and consumers of cotton, the
fac, nf deficiency is not yet apparent.-
IHey will moi trouble themselves IN a"'
vance, however much the planters may
and must, when they see Que hall Their
storchOuses empty.
The manufacturers feel il not, because
the old stock III their seapor!s is very large
considerably mnrc Than it was last year
and !hey have besides been tempted ny
the low price of The article, to lay ny con
siderable in advance of their CONSUMPTION
The troubled condition Of Europe, render'
ing il IlazzardDus 10 depend on the contin-
nance of fpeaceahle commercial reiations;
Tie increase of taxes and the absorption OF
vast sums of money in public loans Tor
warlke preparations, have had no little IN
lueuce in checking manufactures, ny IN.
creasiug The demand for money anu
have added panic to the actual restraints
ON business. The consumption would
undoubtedly he considerably less than III
guieter times.
The exporters of Cotton have not vel
fol, opv deficiency, The stock on hand
ON tho lN October 1910 in all the South
ern ports and New York and Philadelnhla
was 5lODO balrs-same time in 1880, II
was 1860. The receipts since mat ny
the latest prices current. in New orlcans'
Mobile, Georgia aud South Carolina, nave
becn I:3S, 900 bales-same lime last year
only l25.300. The entire supply IN the
! market, then, succ lhe lst Oct, has been
10000 bales greater han for the same re-
Rod of last wear, when the crop was the
greatest ever known. There is besides
this, the further and important fact that The
Southern banks arc generally preparing to
/ resume cash payments, which can never he
done without somewhat increasing the
value and the demand for money.
We trust we have lulIv accounted for
all the present depression in The Cotton
market, and i, now behoOves US TO account
for The opinion we confidently express that
The supply The year will he seriously de-
/ Grieut. The mere fact Of a certain guam
,iry ofcorton coruii;s earl y 10 market
proves nothing as TO what remains be-
hind. A short cropis soon prepared for
market, and for that Very reason is likely
10 arrive early. If the planter has but
little to sell, the necessity will be the
greater to realize The proceeds OF that little
as soon as possible. Increased facilities
for getting to market, in the gradually i'm
provinn condition of the country. have
.---- :"A"onrn Bnt the most important
vailed to friohtiul extent m the ports o
the whole cotton growing region, not even
excepting Texas. which undoubtedly scri.
ously retarded the bringinS6f The crop IL
market. This year The Southern cities
have been all healthy. Mobile is The
strongest case in point. Up TO The 7tI
inst, The receipts of cotton in that porl
have bcen nearly three times as great as
in the same lime last year. 1t should be
remembered, too, that wherever the worm
has comInilrd his ravagcs, the dcstruc-
lion has fallen not upnn The earliest, bu,
upon the latest part of the produce of The
plant, which still further confirms our sup.
position thai the abundant supply during
the early part of the season, is no evidence
of n continued abundance through the
year.
Lastly in reference 10 that part Of the
planting region more Immediately ui.drr
! our own observation. we knoic that the
crop has been vcsy deficient, and we have
in the publications of Agricultural Socie-
ties ami the statements Of intelligent Oh
servers throughout the CotIon States, con
vincing evidence that the same is true of
! the crop generally. and we have gone into
these statements more for the sake Of ex-
pIaininS the apparent contradiction be-
tween the present aspect If The market
and the assumed deficiency Of production.
than from any, the least doubt Of the real-
~ of such deficiency. That the actual fai-
, lure of the crop may he 10 a small extent
made up by an increase in The quantity Of
. land planted is true, bu oniyto small
! extent.