The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1850-04-26

It is the impression in England, produced
principally by the statements Oft great spec
dlators, that the crop this year will reach q
100000 bales at least, and that the Yankees
are humbugging them by reporting a crop OF
only 100000 bales. They believe that we
have larger supply of cotton than represented
that we are holding it back to put up prices,
and that it is only necessary to keep quiet, to
keep out of the market, to force holders here to
disgorge. In all this they are doomed to dire
disappointment. The obstnacy of holders here
astonishes the great capitalists of Liverpool and
the large spinners of Manchester, and well 1t
NAV, for it is feature connected with this
trade never before known, but one that will
hereafter be visible every year. Capital is ln-
creasing so rapidly in this country, and we are
consuming so much of our crop of cotton, that
no fears need be entertained hereafter that re-
munerating prices for the raw material will not
be realized. 1t will hereafter be in vain for the
manufacturers of Great Britain to put large lots
of cotton upon the Liverpool market, for the
purpose of depressing prices, as the fieldens
were doing at the last accounts, and the result
of recent efforts will teach them not to attempt
the like again.
These Cotton lords have bled our planters
long enough, and we have borne their efforts to
depr, ciate the value of this product patiently
and with little murmuring. The tables now are
turned, and we shall see if Manchester does not
pay enough this year to make up for aportion
of what they have taken from us i'll years past,
by low prices. The tone of the circulars re.
Gently received from Liverpool from the three
great houses, shows how annoyed they have
been at the obstnacy of fholders in this country,
while those of American houses in Liverpool,
such as Washington, Jackson, Sons and GO.
have been in quite different vein. The Eng
lish houses having shown their hand, the thing
sticks out too plainly to be misunderstood
There was no necessity for sneering at " short
CROP" as it was known pretty early in the sea.
son that the yield would be but moderate, at
the best The time has arrived for us to die.
tate to the spinners of Manchester what prices
must rule, and if they do not choose to pay what
we ask for the little Cotton we have, they have
but one alternative, and that is, to shut up their
mills, while those in this country will continue
to do what they have been doing for some time
past-run day and night. Manchester was, at
last accounts, ueaIly uuIc vi sloSh' t'"t noL.o'
of Cotton in this country know it; and If Eng.
lish spinners buy Cotton for the remainder OF
the season, lower than those of Lowell, we
have made very great mistake in our calcula'
tons. More than seven millions of dollars
worth of Cotton are held in this market, and
holders are by no means anxious to sell. They
know, just as well as they know that two and
two make four, that they have the power in
their own hands that the spinners of Mauches.
ter are at their mercy; and when the contest
comes, they (the spinners) need expect no quar-.
ter, for they will get none. With crop now
coming to market nearly four hundred thousand
bales less than anticipated in England, and the
prospects relative to the new crop exceedingly
unfayorable, holders on this side of the Atlantic
can dictate their own terms. As we remarked
at the beginning, the America, now due at Hall
fax, with two weeks later intelligence from
Liverpool, may bring accounts of further dc,
cline, and she may bring an advance. One is
just as likely as the other. Everything depends
upon the advices which had been received at
Liverpool from this country, previous to the de.
parture of the America. When prices do take
a start upward, they will 60 with perfect rush