The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1849-08-29
COTTON MARKET.


The new crops are fast maturing, and few
bales have already been soldin the more South.
ern markets, for prices very favorable TO pro-
ducers. 1t is to the advantage of The 'Planter,
that a representation be made that the crop
will ls small, and 10 the buyer that the crop
will be large, and Doubtless both arehuously
labor to propagate that belief most beneficial
to the interest represented. Alh"'gh II IS true
that Editors" in the language Of the n. U.
Delta, cooped up in cities and towns know
little of,hc condition of crops" yet their tu'y is
to promulsate the truth, gathered from "''her
dota. more reliable than The statement OF inter.
esled parties" We agree with many OF our
exchanges, that The reasons are strong for be-.
lieviug The Cotton crop this year will BE- less
than an average one. We know that physical
causes, in many portions Of our State, will pre-.
ven, the gathering Of full crop, The late
lost and tho April snow operated nJuriouSly
upon the tender weed, and many planters were
forced 10 plough up their fields and sow them
over again. The seed were in many places
scarce, and the day late in the season TO com.
mrnce new crop While the excessive rai"s
through the growing months will give an alum
dance of corn, the cotton weed and the grass
have grown too luxuriant to produce a full yield.
We believe the same Causes have affected the
crops of all the cItlon.producins States. In
addition TO these causes, those on the Western
waters, have suffered greatly from the overflow
of rivers, unparalleled in extent and duration.
We see it stated too, that the less OF working
hands in those exposed sections, ly cholera and
ferers, is no contemplate item in the LIST Oh
causes for small crop. The lateness Of bloom.
ing and boplmg hazards much of the yield to
the chances Of ea,ly lrosls, which may decrease
The amount produced materially. If the crop
should prove to be an average one, we still be-
lcve that the raw material would command an
increased price. The augmentation IN con.
sunplion is certainly considerable. Apart from
the increase Of Factories spriuging up North,
South and West, an extension of lis uses and an
improving demand doubtless must follow the
opening and ealarging commerce OF China
India and Mexico. 1t was apprehended, tha
the difficulties on the European continent would
operate iujuriousIy upon the Cotton market,
and bring down prices. The contrary seems
10 result from ha. chaotic confusion. The
disturbed state Of society, and the un.
certain Tenure by which property is held on the
Continent, have induced capitalists to seek sale
Investments for their funds in England, and
even to cross the Atlantic 10 vest their money
in American stocks. In England the Cotton
trade has been regarded as safe, and thousands
Of bales have been bought on speculation.
Fair remunsra,ing prices then may he ex.
n.c,ed TO nrerul during The season. i .-l-'Tt"r7
dn not injure thense ivea and the maIkct by
hurrying off the first gatherings Of their crops.
Ambitious To sell the frs, bales; AMI to srality
feeling akin 10 cxu!ta,ion over a neighbor,
they oNrn,ines rush of their crops, early throw.
ing them into the English market. Buyers
conclude thai Il glut awaits them. that large
crop has heen made, and Tie consequence Is
prices come down.
We extend congratulations to our farmers
upon the Frightening prospect ahead, that after
many years of low prices, scarcely paying the
cost Of production, better reward is before
them hot such prices, however, as tha, will
make speculation run mad, but just such, we
believe, rs will relieve the country from any
heavy pressure Of Indebtedness.