Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1843-10-11

that we shall not recommend Augusta 10
them. beyond the facts we can bring in
support Of our recommendation. We
pledge ourselves that our commercial re.
marks will always be fouded OIL the most
accurate information.
The latest 1cruun,s we have of The cot
ton ,,ade in the northern paris, do not
represent il al so active as il was few
weeks previous. The feeling Of specnla'
lion he'd greatly moderated, and dealers
were willing to be more circurEspcci, un-
| III further news was received from Eu-
rope. and until more correct estimate
could he made OF The extent Of the pre-
SEM crop. II is generally expected that
| The Europenn news, to The 18th Of Sep.
tcmber. will still be better than the ac'
Counts of the ith Of the same month. THIS
may he the case; but there is no doubt IN
our minds. that If the ncconnIs are better.
i, will be owing To an inoSdioaIe spirit oi
speculation which has sprung up. mol only
in this country, hut in Europe. aud which
no, being founded od true commercial
principles, may lead TO severe losses. IL
is true that the general trade Of Europe is
improving. confidence reviying and cou-
sumption Of commodities Of every descrip-
tinn increasing; but il is also true that the
production of manufactured articles and
of The raw materials keeps pace with the
consumption. and The demand in all mar
keis. II mu,i be very clear Then to the
prudent and cautious merchant, that an
advance in price for raw marcral must
be ow us "a n dininu,ion Of the 7ruduc-
iiun To neer The cnn>uuipiien OF the com
modiiics made with thar raw material.
ln the case of cation, so far, we have no
Certainty that the production will be less
,hun The quantit, required TO meet the de-
mand aud consumption. Until this fact
| il well asceunin-d 1t must be extremely
| hazarlnns to speculate in the article on
the ground OF n deficient crop, when thai
crnp may turn out t" be "f sufficient ey-
tent Ia meet dcmanh and consumption.
However. il is now we'll asccrraned that
the crop will not he as large as hat OF last
year. This fact should M, deceive Us;
fhr if The PresenI crop could have turned
oui 10 te as large AS the preceding Onr,
the prices which guvernedthe European Il
American markets, from the cumrncncc.
ment sc the season 10 within 4 few days
Of lis termination. could not have tecn
sustained; and if prices have improved,
siuce the closing OF the SEASON.. il Ipus'
certainly be ascrlbrd 10 the fact. that the
production nf the raw material, during the
present. scasnn. would not 20 greatly be
| ...,ul to ,lo,,,,pI on,l H.,
conclusiun, we must give Il as our opin-
ion thar the ruling prices will be higher
than those which ruled last season; but al
the same iime moi 80 high rs MANY OF our
friends anticipate, unless Tie wea,her (or
some weeks yel TO come, should prove
disastrous to the cotton plaul that In. moi
yet malurcd. The news Of the improve
,ncnl nt prices in this country. when i,
will have coached Europe, will have no
doIbt produced there q sensible effect
II will have given an impulse To the Eu.
r"pean markets. which impulse. returning
back 10 US. will be considered by many
in his country, Us h"ing founded on eau.
.cs pertaining exclusively 10 those Euro.
pcau markets. In this case many Of Us
WIN o' uSSCiSCu, HiHuN VII SutEi tue
Ame'icna market, under the impression
that high price. in Europe We're owing ,a
| an increased demand and consunpiion
while the true cause was in spirit of
speculation. which had sprung up in this
country. We make these remarks wilh
the view Of warning our friends from hliId.
y ru>hIng on spccula'ions which have
bur an uncertain basis inr undcriakiu.
Them. The planter will do we'll 10 send
| their produce I" marker "a soon as posi-
| ble, with orders 10 their factors To sell as
soon as The favorable 1ucluaIiun occurs.
by the advance occasioncd !,y The oprr.:.
tons nf the spectators. In This case the
planter I'LL Get mnrc for his cotton, while
II any los Is The result of 'he wild -pccu
lalions undertaken. il will have 10 he su.-
taiaed b. Iin>c only who wrre inprudcnI
and reckless. aud who rightly will have
TO pay lo7 their folly.
Coiion.-'The receipts since last Thurs
day have been To u fair extent. and the
operations pretty large. considering the
supply in market. Cotton in The ware
houses are freely offered. bu, at full pr-
ces ranging from 10 "a cents. The
quantity "f the old crop i, very limited.
and mostly held by spectators. 4 6ne
article Of the new crnp would brins some.
thing more than our highest quotation aud
i'll square Observation-Disclosures.
'CHARLE>roN October