Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1849-07-04
From the Chars. Mercury.
THE COTTON CROP OF lS4S-9.

nave Oeen tne appreHensionS tu"' VIC "'"'
ke,s Of the world would he gluited with
the article, that we trust we will be ex.
eused for devo,ing portion Of our space
TO an analysis oil the present years tram
ssclions IN our great staple. ]! wha, wo
mny say will throw any light upon a sub
jeci in which so many Of our readers are
Interested, or lead 10 any useful results. we
shall feel that the room occupied has been
ben. ficially disposed of.
The prnpablc extent Of the present crop
has been subjcc, Of alarm frum the com.
ynencement OF the season. aud yield Of
200. 600 aaIes was anticipated wI'h very
gloomy furebndinss by many. rs calculated
IL Rlul the markets oil The world. and effect
an unprecedented depreciation in vulue.
The existence uf war on the continent of
Europe, the unsettled condition of France.
und tue blorkade OF the purls in the Baltic.
were expected TO agsrarate The evils of
this over.p,oduction, by paralyzing trade.
md stopping the wheels of the consumers.
In the struggle TO escape from these i'm
nending dangers, merchants and planters
beyan 10 press their cotton OF the markets.
md 10 sell Mt any price that they could
obtain; and as their very easerness To sell
rendered the manufacturers only The more
indiff.ren, ahonl buying. il is moi 10 he
wondered at rl,a, prices sh"uld have fallen
10 points of extreme depressinn. When in
this panic of sauue qui psut. prices had
fallen 10 S a st inr Fair c"tr"n in Char.
lesion, aud corresponding rates elsewhere.
The planters began 10 reflect whether II
misht mol be as prudent to hold their cot
ION rs part with it al prices wholly unre-
muneralive. and with The very first indi-
calion of this feeling, prices began to leud
upwarrl; and now, when all those evils
should he upon US from which we were
irving 10 escape by sacrificing our staple,
there is an absolute scarcity "f cnt'"n in
the country, and the price of Fair is st.
Let us examine what has become Of
This crop, estimated a, 100000 bales.
aLd the amount of stock which Liverpool,
the great Couun market, is likely 10 he
burdened with:
Since the FIST Of September last. up to
June %. we have received 2.636. 900 holes
and Of this we have exported 10 Great
Rrtain. l.450, 900
From The Gulf ports between the lsl OF
Sep,ember and 10Th Nnvem!.er. and the
A,lautic poris to The l7th Nnvrmb-r. we
expor,ed 10 Grea, Britain l6n.010 bales.
md We assume thar rhnse imports reached
Liyerpnul before January /. 1919. and
were counted in last Years imports, and
will, consequently, n"r appear IN mis- years
imports. This will leave 1880 900
From January. 10 June |.
there hnys heru received nt
Liverpool 9oS UOO
leaving aa,at aad 10 arrive 322D0O
OF .he expor,s 10 Great Britain from
this country, tn, prnpnr'ion thar goes 10
other p,r,, lhan Liverpool is about 7 per
cent, which Of :322 000..woul'l be. say 22-
Oo0 and would leave rs the quantity still
ON The way tn liverpool 100000
added 10 stock held June |, $4,000
Supply when exports land, $4,000
The question now arises how much
more will we send from Juno % to No
yemher IS. The entire stock in our sea-
ports texcluding New Ymk) aud on ship,
board is but l26.000 hales, and Ihero are
20 ships loading for France and the Con-
agains, 81 for Great Britain. The
growing crop is thee or four weeks later
than usual. and We car count only OF a
very moderate expnrl of new Cntt.r pre-.
vious TO the 10Th aud 17Ih Of November
next. In our opinion $4,000 bales is
quite large estimate for The export 10
Liverpool for that period. which. added
10 $4,000 will give as the supply Of
American Cotton in Liverpool from June
I to January l. 1850. 95l, 900
We viii! now view her wants.
There were taken at Liverpool
for consumption from Janus
arv TO 1st June. % weeks.
546.000 bales. and for export
during same perind. $4,000
bales. making 6l5.C00 hales.
or % 600 per week of Amer.
lean Cuuon. In the same
ratio, the wants Of the re.
manning seven months, or 30
weeks. will require $4,000
bales, which would leave as
the stock on hand on lst
January ncxt. lll.OnO
bales, against 235.0N0 bales On the Isl
January. 1919, and 2i5,000 Oh the Isl
January, 1915.
|, is admitted thar circumstances may
arise which may affect the correctness "f
,his estimate Adverse causes may come
into plav during Ibe interval. arising from
,be -diSrurhe., cnndi'ion of European poll
tics; or The prospect "f their peaceful SET
rlemcnt. The colsraraively light stnrk.
and The prospe, Of a materially diminish
ed crop for rIie present year. may cause
material advance in prices. and check
Bu we wish I" SLOW, and
we thint we have established, that The
crop Of 100000 bales has created M sln'
in tic market. even under the pressure 81
O European wur. mud thai the prssen,
prices are TOO low in view nf he relative
supply and demand Of The article.
If We turn our attention to our home
we will find hat they arc
In no better condiIinn than those Of Great
Britain, as The following exhibit will show: /:
The total sIncks in all The seaports and