Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1847-03-10
From the South Caroiinidn.
The DECLINE IN CORN AND COTTON.

From the South Caroiinidn.
TIE DECLINE IN CORN AND COTTON.
WILL 1T CONTINUE
The news by the Cambria shows de-
..pressiou ip the European markets. of Cot
Ton. Corn and Provisions generally. Nor
has the news been without its correspond
ing effects on this country. To the sus-
(. pension of the Corn Laws Of Great Brit
ain, are mainly 10 he attributed the fall in
prices for bread-stuffs. BY just so much
;'as the tax on the important article is re-
duced, will the price of the domestic be
temporarily depressed. And even more!
Whenever the tax is about being taken OF
an article. every holder of it rushes into
the market to avoid The loss which such
reduction causes; and an oyer-supply aud
consequent reduction Of price, almost
always ensues. This is the present con-
dillon of the Corn market in Great Brit
ain. But it cannot continue. The wants
or that kingdom, and Of Europe generally,
will need all the bread stuffs and provis-
ions this country can spare; and though
prices, at present, may have declined, the
next arrival from Eng land will doubtless
bring accounts Of revival. This we are
the more induced to believe, because 1t
has already been ascerlained, that from
rot and diseased seed, the potato crop of
this season, will be as great failure as
during the last.
But how will it be with Cotton? Are
prices likely 10 revive? If food continues
high, will not Cotton continue 10 be de-
pressed !? We think not
The receipts at all the ports ofthc U.
States, at last accounts, show an increase
Of only sc, $50 bales over the same time
las, year. But this balance cannot hold
good Till the end Of the season. Many
causes have combined, during this year.
: 10 force the crop to market. The ,iEdebt-
edness Of Planters. the pressing of credi-
:itors The very early aud forcing season
for The plant, and the. fine weather for get.
Ting ou, the crop, and the unprecedented
facilities, such as good road aud rivers,
to get it TO market, and above all, the temp
ting prices; with all these motives it is
not reasonable 10 suppose, that, moro than
one half of The crop Of this year, has mol
already reached the market. As regards
our own Slate, we are confident, not one
fourth of the crop remains IN The hands Of
planters. II, however. ene-half Of all the
crop of the Uniled States has come TO
market, the total, at the end of the season,
caenot exceed l,S00,000 bales. This
amount, ajded 10 The balance on hand in
Gmat. Britain, (545, 100 baIes,) canno,
geld over 2,3i5;790 bales--of course We
exclude India Cotton n our Calculation,
country alone, consumed last year, 2,070,-
900 bales and when we consider the 10.
creased investment in Cotton Factories,
within. the,last year, amounting 10 many
millions, and the demand for the unmanu-
'fac,ured article, spreading over wider
erea every day, there cannot be a doubt,
that the price of Cotton will be kept up
10 10 and IL cents, and perhaps even sew
eral cents higher.
To this subject We have given good
deal of our attention oflate. hlmos, every
prediction we have made has been real.
lied; uor do we claim 10 be considered pro.
phetic on this account. Any ore who had
taken the trouble to look into the subject,
must have come to the same conclusion
with ourselves. But it matters not how
certain the facts before us, or ho'E reason
able ,he conclusions, we are neverr:gh,
until European authority speaks for Us.
In the fact of The depression Of the Colton
market, here is what,he las, Liverpool
Times says:
."rhe high prices of provisions. and the
reduced stock Of Cotton, are amongst the
causes that have aggravated the condi-
zion Of the operatives in many Of the large
towns Of Lancashire and Yorkshire. The
cotton mills, under The influence Of the
present quotations orseo,,on, are working
Tanguidly. Mr.'Brisht is going to take
up the question Of the cotton crop, by mo-
wing for select comniuee to inquire into
the hest mode of promoting the growth of
cotton in India. Indeed there is a prevail.
ing conviction, tina. the days of cheap cot
ton are gone, and are not likely 10 return
for an indefinite period"
The above extract is significant of hope
TO our Cotton planters. Let them profit
hy;i,.
Ausus Feb "a. I