The Lancaster ledger. [volume] (Lancaster, S.C.) 1852-1905, 1856-05-14
A Northern Opinion Of Cotton.

The Boston traveller representing tho
manufacturing interest gives the following
views OF the cotton prospects. There are
always two sides 10 every question:
'The appearance Of the market at this
time indicates the progress Of one of the
creates; speculaiions which has been con.
tempiated Cor manY years. There sgood
reason TO believe that parties at the Souph
IN New York, anil in England, and posi-.
bly, also in France, have combined TO con-
VOL the cotton malSei. ai,d carry up Tsi.
e"s to higb &gue. These parties hare
n" doubt been influenced to this course by
the expectation ila, the cessation Of the
knss'an war, cheap breadstulys. and ca
easy mony market in Europe, will ,,roduce
IN active demand Tor cotton and increase
greatly lis consun p,inn. The expansion
OF the loans OF the New York and tho
southern banks, The largest purchase. of
cotton already in the southern. ports or in
transit, with various other MINOR circum
sances which it IS not necessary to enu,nc.
rate, cony;nce us that the covering often
rractiscd in the Wall street stock market
has been transferred to the cotton crop.
and that it is the design of the spectators,
WHO must have been furnished by the New
York banks as well rs by those in the
Southern states with aa immense sum of
money, to hold the stock Of cotton on
hand and compel customers to pay a
greatly enhanced price fnr the article du-
ring the remainder of the season.
I'VE Io not believe in the success Of
this speculation, and think il highly prob.
able that it will hefore many weeks topple
down a'rput the heals Of is contrivcrs and
use them mp too completely. Our rea
sons for this hrlicl are. ;hat the crop being
ample for the wants Of all consumers, they
will not be in hurry to purchase their
stocks, and that the speculator. cannot
carry through The season anything Ike tie
quantity which will he requisite Ia kIn,.
prices up above present rates, ,f indeed
they are To sustain them where they are
now. The stock in the Shipping ports at
the present limeis GO, 900 bales, and there
is no reason to doubt that COO, 900 more
will be received during the season; in this
case, To cary out the speculation success
fully, it will he requisite to hold the Z n
troll fr months Of At lcat half million
bales, which will require $35 900 900, and
which sum the spectators will bo wholly
"nab'e 10 command, with MI the aid
which the sonthern bank, may lie hisro
scd to extend to them, especially il ex
change keeps up 10 the specie point, which
IL is like 10 10 COR three or four months to
come.
"lhc only chance for SPECULATE rs is that
the crop may unexpectedly prove 100000
baics short vi the most reliable estimates.
" l>pers To thls effect have been made
durnY the sattortnighl, but II is probably
u mere rusc Ot the Operators to alarm anu
"ring forward purchasers. There is no
dnn'uulion oi receipts any where except a.
Mobile and Savannah, and tais IL uudrr.
stood III well informed quarters TO Le ow-
iug 10 the bad state vi the roads IA Ala.
b,na, lcnnessec and Ge"gia.
III The English splnncrs stand firm aud
buy only rs they want the raw material,
aud past 'Nrcriencc proves that they are
n"t easliy "arnied, THIS speculative move.
u'ent wlIi prove disastrous one To the
opeTators"