The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1850-04-30
From ihe New lo'k Herald, April 20.
COTTON.


love r,latiyc 10 f,c future course OF prices, but
iEhas. from the first moment n short crop ap-
peare,, inevitable, been our oplhion that prices
mrst advance great deal beyoad present
points 1t matters very little what accounts
on, one or two more steamers may bring, and the
reno.s from Liverpool for week os two Later
fbnn those on board the America, now nearly
due, are inst rs likely TO show decline as an
advance. There is one fact pretty generally
keown on firis side of the Atlantic, which IS
short crop and in the face OF that, it is folly tor
the s.,i,,uers OF Manchester and spectators OF
liverpool to carry on the contest with holders
or: tts side. There never has been session
in The commercial history of this country, when
we have been better able to carry our cotton
ccrop than this, and the lords Of the loom In
England will soon find that they have made
ornot mistake in their efforts to force to sell.
Tbev have heretofore succeeded in depressing
prjces for this great staple product whenever
they have made an effort TO do so, and have
snpposed that the power was still in their hands.
Tbbey will soon discover their mistake; and if
they do not have TO pay for their temerity, we
will rive it up, and let them rule prices hereai-
ter without opposition.
The three great regulators OF prices for Cot
ton in taa Liverpool market are Barring, Broth
ers IL Co., Brown, Slliiley u Go. and fIelden,
Brothers & Co., the last exercising the greatest
influence, and in ability decidedly superior to
the others. Their agents arc found in every
Sortheru port in the country and, as class,
are remarkable foc their fidelity to English in
1erests The Fieldens are the largest Cotton
manufacturers in the world. Their commission
bdsfiess in Liverpool, immense as tits, is sub
sidiary entirely TO their manufacturing interest
at Manchester. These houses have ruled su-
preme IL thc Cotton market, and have put prl-
ces for the raw material up or down at pleasure.
This wear they have received check that will
learn them Il lesson. Their sceptre has depart
ed. and from this time forward prices will de-
mend more uon supply and demaud, than upon
the djctum OF combination of the immense
wealth OF few houses i'll Liverpool What
we have been so long and so anxiously looking
for i, upon thc point Of being realised. The
Cotton crop hereafter will be controlled on tn's
side oGtbe Atlantic, aud New York will be the
great dis! ;buling point of the raw material, In-
stead OF Liverpool. The consumption OF Cot
ton in this country has become so great, and Is
progressing: with so much rapi.!ity, that prices
for apy sarplus that we may have for Shipment
vii! not denend entirely upon the whinls and
can;ccs of tue spinne,s c, Manchester. The
markets OF Great Britain witt not be SO impor-
taut ~ in mast wears, and as our shipments be-
come more direct to the points Of consumption
in f.urorc. we Shall be better able 70 establish
and maintain prices Our manufacturers al
ready consume hall as much Cotton as those of
Great Britain, the ratio OF increase here is much
greater tilan on the other side, and the produc-
ton ofthc raw material cannot keep pace with
the increase in consumption throughout the
world. We have shown that, under the most
favorable auspices, crop OF two million six
hundred thousand bales is as much as can be
.ricked and the annual consumption already
reaches that quantity. 1t, therefore, appears
Dlain. that the movements in the Cotton market,
henceiortil, ne likely to be highly important
and Interesting.
The course pursued in previous years, by the
three honsls above mentioned, has been adopt
ed dis but 40; with cG, Success; in fact, this
yeor. viii. defeat, out aud out defeat, which
will result in q complete route. The policy
heretofore mas been to let prices UP in the iall,
so as 10 bring the crop from its reccsses TO i'll
crease the supply rs rapidly as possibly IN the
ports, and determine, at the earliest moment,
the production Tor the year. As soon as this
operation has had full effect, and the extent OF
tic supply is known. the reverse movement is
resDrtcJ 20, for tie purpose of dcpreclating pr-
ces. TO enable spiamcrs and these large houses
to iay IN large stocks. All kinds of reports are
circnia,2d relative to the crop, aud returns
show.n" a::v deficiency are ridicucG, and state
ments 10 The contrary put FORTH tal&chuods OF
every grade uttered hv llemost honorable, high.
minded nleu in the United Kingdom, TO deceive
noIders and small spinucrs. 10 carry out their
assertions shcy sell ircc y in tho Liverpool mar
kct, while their agents here are buying all they
can without raising prices On change, these
houses rcsor! to every kind OF subtcrfuge to con-
vev tie Impression that the crop will be much
larror ,nai believed. They talk of advices re-
ceiycd from their most reliable correspondents
tlrat the crop is sure to be 100000 TO 2,4OO,-
coo bales Ia this way, and by the most dis.
honorable, despicable means, they almost inva-
riabv sncceed in breaking down the Liverpool
market, knowing the effect Of depreciation in
prices there upon the markets Of the United
States. This game has been practised this
vear. and the energies OF three houses above
',..:,,,,I h,vn lnnu pyprip1 to ti,rr ntmoSt tO