Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1862-08-15
Ihe Price of Cotton.

The Mobile Register says cUt'On Las lately shown that
It still lives Long dormant in the gin houses OF tn
planters il is aroused to life as a commercial commodiy
by the magic Of our military successes, aud with the
vigorous vi atty which pertains to intrinsic values re-
spends 20 the appreciation which il hss in foregu
kets. The sudden advance of cotton to some twenty
eeats per pound in Georgia markets. and to figures sp
preaching hese in other domestic markets is Of course
directly attributable 70 the new flush of confidence which
our recen. successes have inspired promising that the
lime will come 81 period not very remote, when the
buyers Of the outside world will be enabled TO purchase
But will the advance Of prices tie sustsinedf IT. is
very unlikely srdden 10 CO should open our ports to
commerce would tbo e who held Gotten at cost Of
tEeuty cents be able themselves brief cal.
cul,ton would to demonstrate that they would be
safe enough.
l. might be estimated that the last years crop was
three ard halt or four million bales, but it uuneces
sary to be precise TO figures, nasmuch as we kroE
that the dem lnes Of the consuming Weri we're up 70 tho
Weld and that there IA no other supply OF band in the
ucIll cut this and that more will be raised IN TIE
Souh this season than vii compensate what has been
destroyed and suppS the demand ter home consumption
,deed there Is doubt that this seAsoIa plant
tR viii supply the home demand aud compensate the
amount DESTROYED which has probably been from four TO
TX hundred thousand bale-1ouotVss the latter
cure thAl the former for Ia the rich country aorg the
4 s5la3iDtl the CtstfucuQn Was llUr,
DC re openiug Of intercourse We shall have but
amount OF a single crop % cfer TO the world, which
sill eoue bucgriy into market to find relief from
tue coo flmiHe t stock OF cotton exhausted and
supplies Of manufactured cotton running very short
and he'd at high prices Thul not only the necessities
o. iLdustIy which appeal TO humanity and 10 the iner
e5ts OF CAPITAL bus necessities Of consumption which
create the commerce that sust-s aud fosters the for
ner viii eombiae TO assure tee maintenance Of the high
-, rates for the cotton We will baye to sell.
Iisti e trade dgmand for cotton goods which Ne
my cotf eny rely keep the prices to figures that
var, the home transactions a. this time quotations
y ruling in georgia g. elsewhere. We must consid
or that the stock OF nanulc ured goods Is running very
tw everywhere ard that before ports are oposed
too Who'll crops Of cotton will be laokiag TO the regular
sources Of supply. Tbs deficit necessarily keep
~ the Or ces OF goods and tie sustained high pce Of
hs raw staple wall be the con-sq Oar planter
vii lose nothing by not planting cottor for thc' sill
real l. some;tiig from tbor provision produce a. I'll
receive nsa'ly or lie uuch Tor ore crop IS hey
1Juli for ,sO several succeeding crops tue pr
will DO Oct than OF oll, suu greatly IN sovanos q
Shl thsy would be should two Crcrs be ibrowI
uoon toe make; AZ oroa ins.esd q one. 0le crop 8
NJ ore can resse how msny will be, missiog 70 {
wori and years vii before prices again brcugh
/ d4Un L1eir Old los |