Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1845-01-15
From the Chcra,0 Gazette.
COTTON.


Of the rise or fall in the price of Cotton is
al this numenI Of great and peculiar inler.
est. The following letter is from highly
esteemed correspondent, but having been
received just on rhe eve Of our departure
from home ~" lay it before our readers
without comment.
The receipts of Cotton in he shipping
ports, up 10 nur la'esl dates, was 795. .222
bales. against 7039l5 to lhe same period
last year. Making an increase of 81 307
bales in the receipts Of the presenl year
over The LAST.
My Dear Sir: My object in wiring you
few words now, ha3iii; is to respectfully
djrcc: your attention. and that Of your
readers, 10 the subject Of Cotton. aud lo
drop very few hiuts wilh the hope THAT
souc n!her more conpetenl lan myself.
may investigate the subject more fully,
and give The result to ihe public.
Firsl, then. permit me TO direct your al
tention 10 the tables in The Charleston
Courier, from which you will learn that
the receipts al the different ports in he U.
States up to this time, 'lo not after all the
noise about large crop, greatly exceed
those Of last season-allrr balancing The
stock on hand Isl Sept. '43 aud lst Sept.
IA. the excess being greatly in favor OF
the season OF '43 aud having Of course tn
be subs;racled from the difference in re-
ceiprs.
Secondly. to the fact, that planters Ills
year nave rushed their Cotton upon the
market more precipitate!y than ever he
forr-aud when this is considered, in con
neclion with the fact that picking commen
ced at least a month earlier than usual. aud
The season Throughout, being fine, The crop
was gathered much earlier than ever be
fore, It may account for the excess that
now glus all The markets, foreign aud
domestic,
Thirdly. as matter Of course, there is
notn great deal mure Cotton in the no coun
try, our Of The seaporIs, say probably less
han one fourth Of lbe crop.
Fourlhly, that the stock in Liverpool.
although large, does not greatly exceed
the stock at The corresponding period last
year.
And Filthy, That the price now is just
one hundred per cent. lo,1cr than that Of
lost gear.
From all these important considerations,
| should nnhesilatingly, advise every one
that can in the up-conntry-pianters and
merchants, TO ''hold on" while, the price
must. under dny circumstances, soo. get
better, and if all would pursue this course,
the improvement might be considerable.
Nov, am not one Of those, who are
always predicting better prices, and hnid-
ng on. without condescending ID give fea
SONS. My reasons. are hinted above. in
parI. aud manv other similar cnnsidera
tions might he added, sucIlas high rate
Of exchange between this country and
England, including large trade and re-.
qulrius cotton or specie 10 go forward freely,
healthy aud extensive trade in Europe
and this country, especially in Cotton
goods, and last, lhnugh not least im portanl
o'all. plenty Of money, al low rates oil
interest to facilitate any specula,ions thai
such slae of hings might excite.
If any of the above hints with any thing
else that may occur to you. should induce
you 10 write an editrial upon that subject
| shall he obliged. olher papers NIGH
either copy, or initiate the article, and
cause speculation 10 spring up. or Cotton
holders to relieve The present glu,ted mat
ket by either Withdrawing or withholding
their stock for the present.
! acknowledge itat am interested ii
giving these views. but submit TO your
better judgment, if there is no, force in
them.