The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-09-01
Gommerfial.
THE GRIPS OF THE SOUrH

The southern portion of the United States has
passed through another year of struggle and change,
and while the elements within still give indications
of revolutionary progress, the time is probably near
when the radical ideas Which were given their force
by the results of the will have spent their power,
| and society will settle down and material advance
ment be the chief object of the people With favor.
able seasons the provision crop of this section has
proved abunda Mt and bresd promises to be cheaper
than during any year since the termination of hos.
tAites; but the great marketable crops with which
the South has been accustomed to pay her debts will
not ct best exceed half the amount made just before
the late troubles The experience since the war has
shown concusiyely that it will take much time and
steady continuance of high prices to restore the
growth of cotton to its former tent and the period
may be considered distant when it will be regularly
cultivated in large amounts at anything like old
figures.
The result OF the crop just marketed has been
generally unsatisfactory to the planter; much OF it
was forwarded early and sacrificed on the basis
Of 14h@17c q ID for midding, which rates prevail
| ed III October, November and Decemb er, 1867, and
January and February, 1858, leaving the grower but
a small balance If bis crop was good, and placing
him iu debt when it was more less failure. For
the long staple planter the year was truly DISASTROUS
the caterpillar appearing In more thin its usually
destructive form, sweeping, in some cases, nearly
the entire crop, and where portion was spared 1t
was sent to market early In the year and sol at low
figures 1t is TO be hoped that the coming growth will,
i is possible be managed with more success, and If
middlings get below 2Oc currency planters should
hold.
The growing crops of the staple up to this time
has generally promising appearance, and except IN
parts of Florida southern Georgia, and some locali-
ties in other Sates fare yield in proportion to the
acreage planted may be anticipated The area under
cultivation. however, is much reduced, except In
portions Of the Southwest; but 1t has been more
carefully worked, and 1t is probable that the less
amount cultivated will in consequence, produce
supply equal to last year, while the better condition
of afs rs in Louisiana, Texas, and where they have
escaped the disastrous feshets of the previous sea-
son. will cause larger production In those sections'
and with favorable conditions an increase OF hve 10
ten per cent over the growth of the year just closed
may be reasonably looked for, which would give
crop Of $50, ,0O0 to 100000 bales. This probable
yield of 2s5O, 900 to 100000 bales Will with the
preservation OF peace be only scant supply LOT tne
maj kets of the world, and while it Is doubtful If l3d
will be reached In liverpool during the year unless
disaster to the crop should occur, prices are likely
to be more regular and we look for midding upands
at 1od a11d per b. during most Of the season. The
extraordinary range In prices which characterized
the market last year, middling up'ands selling In
Charleston in September 1867, at 2Ia2lK, and by
December 1857 falling to 141H, and by April, 1868,
hox acaad
emit year, and steady and remunerative rates may be
expected to prevail.
THE pRospECT N SOUTH CAROLINA.
After several years Of part failure this State has
secured good proysion crop and has the promise oi
fair yield of cotton and rice in proportion TO the
area cultivated. There has been very considerable
reduction In the amount ofand plan ted In cotton,
perhaps one ah less than the previous season, but
It Is admitted that the labor has been more reliable;
and the better cultivation Will, 1t Is thought onset
the more limited planting. and the result Is expect
ed to be equal to lsstyear.
The general intelligence in regard to the crop OF
upland cotton in this State is rather satisfactory up to
this time. The sea island crop has bean promising
but on number of plantations in the surrounding
country the caterpillar has commenced its destruc-
tive career and appearances in various places cause
the planters to fear general visit from this devas-
tatng insect. There is sdn hope that the damage
to bs sustained may only be partial. On the whole
the State, materially is slowly working up 10 better
condition. --- .
THE COMMERCE OF CHARLESTON
Notwithsa auding the sharp com pc tition for busi-
ness existing on all sides and the disposition to give
Charleston the go by in constructing railroads which
do or will pass around the city in all directions her
admirably located position, and the reliable reputa-
ton of her merchants, is gradually restoring her
trade to condition Of prosperity, and with abun-
dant haryests, her commerce my be expected to be
large and profitable during the season now at hand
The following will show the increase since the
war ~,
Received from Sept l, 1856. to Aug. & no ,o4ass
Reoeivei from Sept l, 1858, to Aug, 600 no ooo
Received from Sept. l, 1857. to Aug. ~, ~, ,-o
81, 1858. Observation-Disclosures. s,sAA @oo''o
prcE Tcs.
Received from Sept l. 1855 to Aug 81, 1853. y as
Received from Sept /. 1866. to Aug. 81 1851 osa
Received from Sept l, 1857, to Aug 81, 1865 Z4oo
The busines. depression which has prevailed through
much of the seaso iessenei the mand tor lum-
ber and the exports show falling of, having been
about 100000 feet this year, again 81 aoou'
2OOOo,ooO feet the year before. NV. stores show
o small increase. and the export has been
some 900 bbs this ,aiust IS 600 last year
With the establishment of prosperity through the
country large and profitable trade In the produce
of the valuable Of Carolina will tax place.
During the year tho discovery Of rich beds OF
phosphst>s on Ashley River this city, has led
to the commencement of trade (soms thousa nds
OF tons having been shipped ncrlhh which pro-
mises to be Of great value. Capitalists have gone
largely into the development Of these beds, and e1-
tepsye manufactures of artificial wanures are being
placed in operation. Our approximatve estimate of
the slue of tho exports Of the port for the past
year is as follows:
VALUE OF EXPORTS FOB THE YEAR COMMENCING sEP-
TENDER !, 1867, AND ENDING AUGUST 81, 1868.
Foreign. -,
Upland Cotton. '...'.....' S'SoauvO
Lumber and Timber r...................... 2o,ooo
Total Foreign. S3I'4uo
Codstlpise.
Sea Island Cotton. .........".. $4,000
Upland Cotton ..1S, 100000
Nsval Stores. i4o,ooS
Rice. ce.......................... l,080000
Lumber and Timber. loo,OuO
1858, ,OOO-15, ,57s. 600