The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-09-16
The Cotton Trade or tho United States.

We have given In another column the annual
report of the New Orleans cotton market, and a
detailed statement relative to the prospects of
the growing crop. The past, all those interest
ed in the plant or engaged in the trade, are init
mately acquainted with; it is the future
which all are striving to fdthom. The probable
course Of prices for the commercial year Just
commenced, the probable extent of the crop now
progressing to maturity, and the probable result
of the years business are matters of much mo-
ment, even at this early day. We can, with pro-
priety, claim great deal of credit for the gene
raj correctness of our views and the accurate
estimates we have made, from time to time, of
the amount of the crop and the future course of
prices for the past season.
We do not intend to commit ourselves thus
early, by making any predictions relative to any
Of these things, but intend to present TO
our readers such facts regarding the supply
demand, SC, as occur to us, for the purpose of
putting them upon record for future reference
and to prevent, if possible, any of cotem-
poraries from imposing false statements upon
the public, to the interests of any clique or
of any individual.
At this season OF the year there are swarms
of cotton spectators in the market, and all kinds
of reports relative to the growing plant are put
into circulation, for the purpose of influencing
prices. The most prominent class of specula-
tors which makes its appearance at this season,
is that operating for decline in prices. For the
purpose of carrying out the object they have In
view, they obtain possession Of the leading
columns of as many papers as can be borrowed
or purchased, in which they give all sorts of
stories all tending to show that the crep is going
to be enormous, larger than ever before known;
that prices must touch lower points than have
been known for years, and that it will be for the
interest of planters to avail themselves of prices
ruling Upon the appearance of the new crop, and
bring their supplies upon the market at the eari-
est moment possible. II would appear to those
not understanding the motive Of these parties,
that they were particularly interested in the
prosperity of the planters, in preference to all
others. Everything abiding to the appear.
ance of the army or boil worm, to freshets,
or any thing tending to the destruction of
the growing plant, is studiously omitted, and
reports of that nature appearing in other
prints are fatty contradictcd. They consider
the idea OF a short crop as being perfectly pre-
posterous; and those who read their stories and
none others, become thoroughly convinced that
the planters have nothing in the shape of worms,
freshets, or anything of the kind to contend with
Now, the planters know very well when their
most lnsdlous enemies are at ork, and they
are not so easily humbugged by these early bear
spectators as in times past. There are authori
ties in the Southern States upon which they de-
pend, and all the organs of all the spectators in
the country cannot deceive them The class of
operators these long CROP reports are intended
for, is that Specializing for rise; and although
nominally they appear to be aiding the planter,
they in fact are striving to break down the bull