Wilmington journal., 1872-08-02

TIE CNGPS.-Wc give usual monthly
report ut the condition OF The crops, deriving
our information from ur;I 0W:, travelling cores
lon,ilIlt a.pt I-oll local correspondents IN all
sections OF North and South CarOIin2. WttA
th2 exception OF a small section in North Caro-
lima, embracing parts OF Johnston, Wilson,
i,drecombc and NASH, the SEASON since tho last
OF j rtnc ha- been very ,onA; IN these pats 700
Iauu,l ram has Is-llcu and the crop OF cotton
particularly has hccU inquired b. grass All
over both the mentioned States we h&vc ,hc
stran ,c anomaly OF two distinct cottoE crops
growing with a few months difference their
ages. In many cases the youngest crop is the
largest, most healthy, and presents the best
promise for good yield, as after the drought
which created this condition OF things, the
yo;inF cotton came forward with a lively grO">h
under the influence OF the fertilizers used,
while the crop which was Up before The drought
Lad to struggle through IL without sufficient
moisture 10 develop the fertilizers OF properly
sustain the plants, and was consequently some
what stuntcd and hardened. This last mon
toned is now boiling very Wcll, and viii open
carly, while the young crop is hardly fully i'll
bloom, bat the forms are abundant, and it is
wcll limbcd and spreading. Our calculation,
dating the 1st OF October as the time tor the
second crop to open, will not be much out OF
the way. The damage thrcateYed by the
catcrIiliars in the eastern section of South
Carolina will not turn out 50 great as expected
Most Of the cotton looks well and very rromis-
ing. Taking the line of the rolling yellow
lands, where they break of into the fat lands
OF each State, and there has not been a better
promise OF cotton cIop within many years.
But We must remember that on the 1st OF
August, 1871, the promise very line, and
four weeks after it was at least thirty per cent.
worse. SO that speculation the result Is only
speculation, pure guess work, and not by any
means likely to be true, or to be false. BY this
we mean to caution our farmers not TO build
up such hopes on the crop as will plunge them
into debt. Better wait thirty sixty days
longer and the sure results in hand. The
corn crop Will be above that OF last year, which
we are glad to see, and connection with this
we may mention that more hogs and stock
generally are being raised, and 50 Tar no Iii
ease of consequence has appeared among them.
COTTON. For Cotton the market is frmer
in tone under more favorable Northern and
Liverpool advccs but the amount OF business
doing here is quite limited, as the small stock
is being generally held out of market. The
transactions during the past week will, howeY-
CT, exceed the business of any week during the
past two months, and have been principally OF
middlngs, leaving the lower grades on an en-
trcly nominal basis, and our quotations OF these
grades merely nominal The receipts for
the week reach 4 total OF 80 bales, while the
ports will materially exceed The receipts, and
the stock is reduced to 478 bales.
The general cotton movement for the week,
rs compared with last week, shows slight in
crease III receipts and small increase IN
ports, but both on very limited scale il
view OF the approaching; close OF the cotton year.
The receipts ut nil the ports for tho week were
2 500 bales, against 2419 bales last week, 2,67S