The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-06-12
THE PRICE OF COTTON.
rH EERINa TALK FOR THE PLANTERS
A Sanguine View OF tho Prospect.

The inlimatlon In my last that the market
would probably advance to 30 cents was re-
garded as extreme at the time; but it Ia now
considered quite moderate. Thlrty-fre cents
Is not now considered as extreme as 80 week
ago.
There has been, so far a remarkable SINH
larIty between This season and that Of
ls6s-69. On the first of June, 1869, the stocks
In the ports were las, 600 bales, which showed
In one month a reduction OF 10000 bales.
This caused an Immediate and rapid advance
to 34b cents In the last week In June, aud af-
terwards TO IS cents in the last part of August
After the 3lst May spinners took from the
ports 135, 900 bales. In The month of Septem-
Der there Was decline Of y cents, and In Oc-
ber Ii CENTS. The weekly consumption that
summer, OF the Northern mills, was about
II, 900 per week. At least 1t did not exceed that
quantity. The consumption now Is 10000 per
week. The taking OF our spinners, previous
to first of June, were larger that season In
proportion to consumption than they have
been this season. The god premium was
then higher by more than 20 per cent, but
this is of very little importance 80 long as we
have no cotton to export, and especially while
cotton fabrics are quite as high as when gold
was 40 premium, and mlddllng coLlon 35 CENTS
per pound.
In view of these facts, 1t is not strange that
some people talk Of the probability OF 30 cents
for mdding cotton during the summer. ln-
stead OF this being unreasonable, there is
nothing at all unreasonable or even lmprOoa-
bic In 1t, but, on the contrary, very great pro-
baoi!lty feel less disposed to discuss the
chances of the Liverpool market, because we
are very little dependent on 1t, 30 far as une
last crop is concerned. The South contlnues
offer the growing crop aTees condition " but @
ut The same timpT. cannot regard 1t as other
thon nroof conclusive that our Southern
friends do not appreciate the times. They do
| not seem 10 know, or even suspect, that we
are in the midst of the greatest speculative
expansion since 1865. The southern planter
believes that when he can get 20 cents for
cotton that only costs 10 cents to produce 1t,
| he Is doing fine business, and 20 he would
| under ordinary circumstances and In normal
| times Iron miners get $50 for pig Iron tlat
cost them only s27. The cotton planter gets
| the return OF Ills labor once year; The iron
miner fifty times In year. The mechanics
and aborrrs of the cllies, factories and mines
combine together to increase their wages aud
| reduce the hours oil labor. The great capital.
lists engaged in manufacturing aud mining
combine together 10 Influence, direct, ana, II
expedlent. buS the legislation OF Congress, 30
| as to increase the price OF what they sell, ana
reduce tue price OF what they buy. The re-
suit of these several combinations is, that the
agriculluralIsis. who constitute Lhree-fonrlhs
| OF our population, who have not learned The
science Of combination or cooperation, pay
artlhcially high prices for every thing lh1y
| buy, and obtain the minimum price ior what
they sell, and, In addition to this, pay nine
| tenihs OF all The taxes. Cotton manufacturers
have been making $50 per bale on every bale
| of cotton they have used during The past wln-
| ter: vet the agricuIturallst, who produces 1t
ouly once In year, Is delighted If he can do
| the same.
The great man of the future will be he who
will successfully instruct The agricultiralists ol
| thutr nftrQ
and rouse them from their present letbargy. l
would suggest TO the cotton planters, Ia the
meantime not to be In q hurry Offering their
growing crop. We will, Of necessity, begin
| Tie next season, on LIST September next, al
very high prices. Certainly in tne hs,ghooI, ga
than below that figure. Does anybody believe
iha. with cotton AZ 30 or rs cents, October de,
hSeris1 p @ q, 90 so ,unslh r1I
owing 10 the small crop, US 10 the entire
change In the times that cotton Is now adVanc'
ing, aud likely to advance still further. We
/ are now III an era Of expansion and nave Deen
| for nearly eighteen moalhs-the tide IS sui
rising. This Is no time to make Calculations
| of value based upon The cost Of production.
are dying In the air. Why Is ltt that our agri-
cultursists do not avail themselves OF the fuil
| b.nett of such times? Our spectators co.
operate and form ciiqnes, uniting thelr oralDs
and their money 10 lheiT mutual advantage;
our politicians form rings TO regulate the mar
ket price OF patriotism. Why Ia II that our
agriculturalists do not cooperate win eacn
The Other Side OF the Question-SeilinS
| cotton "Futures."
From the Aberdeen Exsminer.l
The plan Of selling cotton for delivery at o
future period at stipulated price has re-
ceived but little attention from The planters,
bat has as o general thing been con1ned 10
speculators and middlemen, who IN order TO
realize heavily upon such contracts, nave,
wear after year, combined against the pro-
ducers, fighting the staple down TO such
prices as entailed loss upon those obliged 10
sell, until they obtained control OF enough to
satisfy their obligations and leave Them
handsome margin for profit. Now this Gus.
prevails in every line of trade-the dealers IN
graIn, pork, sugar. tobacco, wool, &c.. all buy
and sell futures, but no other a. rIcultnralist
resIs his claim TO remuneration for years ar
duous toll, 80 conhdlngly In the hands ct the
"middemen," as the cotton farmer. Wn1le
he is toiing TO make crop, and LOOKING
J forward hopefully to obtain, say fifteen cents
n nonnd for bis cotton, yet without the ability
, to withhold iJ from sale though The market
price NAV be nine cents when it Is gibned and
backed, the middemen 60 forward and sell
The anticipated product OF his labor for fifteen
l cents. as Stutures.' 10 eplDnerS anu SpeCtiid'
tors. and then unite Ia ring to compel the
nroducer to sacrifice his crop at such figures
as will assure them handsome gains. If our
, farmers are determined upon deVoting their
! energies to the production OF cotton, then
they should at once adopt the plan OF selling
! for future delivery-as soon as fair stand IS
obtained the planter should endeavor
: to contract for the delivery OF his entire
: crop by a certain time, as will give
him fair profit; when This ls done he can
return to mis- field and labor with the con-
sciousness that he has only 10 contend Will
the enpmips that nature places In his path,
but is sale against the wiles of the specnalors
and cotton sharks. Now and then it may hap
Den that cotton will advance far beyond the
price al which he has contracted to deliver
his crop, but in that event he will have the
satisfaction of knowing that lie had sold at
fair figures and good profit, while If the cot
: ton market opens badly. he will know that he
Is safe and will make money, while his less
provident neghbors are forced 10 sell at sac
ridce. We are well aware that the gambling
! instincts of our people will prompt them to
reject this policy In many instances, and to
lake the chances of being forced 10 cell al
eight cents rather than forego the possibility
, of getting twenty-five, yet The planter who
will persistently sell futures at fifteen cents
for his whole crop will be likely to make for
tune, while his gambling n.lghbor will, ere
many years surrender his farm 10 his credl.
tors. Sell your cotton to good and solvent
,.,, ran npp f1tnrpa and thua farm un0n