Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1857-11-04
THE COTTON CROP.

AT this time in former years, Cotton was COM
ing forward to market through oil the channels
of communication, to interior cities and Allan
tic ports; planters and dealers were selling
freely, and exporters and home manufacturers
were actively engagedin the trade. But now
planters generally are keeping back their Cot,
ton, or sending it forward TO- warehouses, ana
directing factors to store it until better prices
are offered, or necessity comPes them 10 sell all
or portion of their crop. :.
The planters know that the present crop OF
Cotton will not much exceed the crop OF the
former year and many believe that an advance
in prices will take place In ordinary times OF
financial ease, when the industrial interests OF
the world are in healthy operation, and prosper,
Gus recruits follow the employment OF caPl'al
and muscle-when all the Cotton factories IN
Europe and America are running, ana no lor'
eign wars, no blockade of ports cripple com
merce, then it is Legitimate enough to speculate
about the relative production OF Cottonto the
requirements of consumption. 1t IS well, even
in the present condition OF affairs, Tor us 70
| make prudent estimates OF the injury TO the
| production of Cotton in India, in consequence
Of the wide spread mutiny throughout that ex'
tensive Empire; and on the other hand, to specu'
late upon the injuries likely to result to Europe
l ga
ton fabrics in the regions Of the earth now III
yolyed in the horrors of civil revolt and open
war;
A very limited supply of Cotton in Liverpool
and in the Continental ports, or Ill the hands OF
manufacturers, cannot be regarded Us alone
sufficient to sustain the present prices III Liver
pool There must be constant and suihcient
| iy remunerative demand for manufactured goods
/ ~ Gel
reliable markets for their purchases, and sufil
cient margin to induce operations, and fnancla
affairs must be easy.
In the South, we feel satisfied that the crop Of
Cotton now coming forward will not be sufficient
to answer the demands of consumption, under
q favorable condition of affairs. England, thu
Continent of Europe as we'll as the home manu-
facturers of this country, have but little Cottof
on hand. Financial embarrassments have over
taken large number OF our home factories
and it is not unreasonable to believe that SINH
lar disasters will follow in Europe. In the pc
cuniary chaos of the times, some persons may
be peculiarly gifted, and may discern high prices
and prosperous times a few weeks or mohtns Il
advance of the present
Planters and holders of Cotton know as much
about the future Improvement or decline III tht
price of Cotton as commercial men do. Th'
intensity of the money panic throughout tn
world may depress Cotton to six cents, orit ma,
elevate it to twenty-cents. Prophets about th'
prices or fluctuations in Cotton have never ye
established their reputation for accuracy.
With these few remarks. we again repeat tina
planters should take u calm review OF the con
dition of affairs that are calculated to benefit o.
injurc the price Of Cotton, and sell qt presen
prices or withdraw their stocks from Market a
their experience or intelligence may suggest
Augusta ConstitutionaliSt.