The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1850-04-30

1t Is the 1ulpTesSlou Ill hhSia"a' r.
principally by the statements ofthe great spec
u1ators, that the crop this year will reach y
100000 bales at least, and that the Yankees
are humbuggng 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 prlces,
and that it is only necessary to keep quiet to
keen out of the market, to force holders here to
disgorge. In all this they are doomed to dire
disappointment. The obstinacy of holders here
asonishes the great capitalists of Liverpool and
the large spinners of Manchester, and well 1t
NAV, for it is a feature connected with this
trade never before known, but one that will
hereafter be visible overy year. Capital IS ~
crcasing 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-
muneratng 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 blcd our planters
long enough, and we have borne their efforts to
depreciate 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 portion
of what they have taken from us in 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 obstinacy ofholders in this country,
while those of American houses in Liverpool,
such as Washington, Jackson, Sons and Co.
have been in quite different vein. The Eng
lsh houses having shown their hand, the thing
sticks out too plainly to be misunderstood
There was no necessity for sneerng 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, aud 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, nearly bare of stock, and holders
OF COttOn III tniS Couutry hhow w. ""u A"o
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 we'll as they know that two and
two make four, that they have the power III
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 Eng gland, and the
prospects relative to the new crop exceedingly
uni;,yorabe, 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 ola further de-
cline, and she may bring an advance. One is
just as likely as the other. Everything depends
upon the adviccs 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 go with perfect rush