The Orangeburg news. [volume] (Orangeburg, S.C.) 1867-1875, 1873-08-30
Thc Coming Cotton Crop.
TIE FUTURE OF PRICES.

The following letter appears IN the
New York Bulletin, of Monday last.
While we trust that the writer's antci.
.ations Of low prices for cotton may not
be realized there is much in the letter
that will interest our readers
MOBILE, August II.
The favorable weather has continued
to greatly improve our cotton crop pros
poets from all quarters we receive aonc
but satisfactory accounts, and from some
localities the plant is represented as
exceeding in vignr, devcopm mt aud
frulting the very best years within the
memory of planters. We have thus
been carried into mid August. the most
critical mouth, with every circumstance
to encourage the very bsst hopes, an d if
from now forward nothing unforeseen
occurs, of Il disastrous nature, and fine
dry autumn ensucs, not unlikely after
the rainy summer We have had, W. shall
unluubtcdly have an ul,utlly lrge pro.
duc;ion OF course everybody in dul yes
III calculations rs to what crop figures
1874 may finally turn up, the favorable
estimate pretty much all over the So nth
being 1000 900 bales, and bcy onI this,
should We have ii late killing frost
| perceive, from the report of the
bureau of agriculture, at Washington,
sh"t a,G5o o0t "orse ""der euitir"tIoD
ought to yield !, 200 900 bales in the
event OF protracted picking sc .son into
fail time, taking late years as basis,
but that some disaster might cripple it,
SO as to produce but 3,700,0J0 t. $500,
600 bales. Drawing line between two
extremes, we have 1 600 900 to 1850,
900 bales, which either favor, ble or
unfavorablc circumstances will decide
during the Coming four mDnths.
Filing, then Il crop which has every
appearance of Long bouutful one,
upon one that certainly has proved of
respectful dimensions, is not there eve-
ry argument of plain logic in favor OF
lower prices? This year we have no
horse disease. or at least there is no ap-
prehenslou Of one at present, and horses
and mules do not fail Us at time when
we require their assistance most. NV
expectations of low prices are fixed more
particularly upon the period t)w ,rl, tho
close Of tho year, when we may resona-
bly, expect heavy receipts.
Our market remains quiet; the only
purchases making arc for account Of
some .1crman houses in New Orleans,
in qualities principally ranging between
ordinary and good ordinary, at from Is
to l6c. Our stock has now been reduc
ed to 900 bales, with most sparing
selection. Vessels are scarce, and fear
much that the extreme scarcity of sail
ing craft will be one Of the features of
the coming campaign, inasmuch as the
lack OF available bottom is the gen era
complaint everywhere for some time past
for maritime disasters during the past
three years have been more frequent
than is usually the case, and the ship
building that has been going on during
the interval does not fill the gap thus
made by one half The numbering in-
tercsts on the coast Of the cotton States
alone has became so vast that it absorbs
number Of vessels beyond all precedent
to carry the iucucascd production of our
saw mills on the sea board Now, it 81
chances that this timber business seems
to be most profitable one, and that it
can stand even exorbitant ratios Of freight
thus Sl3 per thousand to Cuba, Sl4 to
Texas, 81 l4aS16 to Philadelphia and Bos-
ton, and as much as S32 to Montevideo,
which is precisely on par with I'd. for
cotton to Liverpool.