The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1873-03-03

It will be nollced that The old grades OF "fair'
and ''iully fair" have entirely disappeared
from the classification. The advance In ''low
mlddIing" represents the average advance OF
the market. The greater advance In the
grades above ordinary represents the depre-
citation In the average quality OF the cotton
received during q little more than three
months. The relative scarcity OF the mid
ding" and "good Didding" has caused q
disproporlionate advance In them. The poor
quality ofsrecent receipts OF cotton is Vari-
ousIy accounted ior. There is consid-
erabe increase over lust season In the
quantity produced, and this, 1t is stated by
lnoee who are familiar with the subject. is al
ways attended by undue haste and CORES
pondng want OF care In the work OF picking.
Again, dining considerable portion OF last
autumn the rains we're frequent and heavy,
especially along the Atlantic coast, and un-
d0uUtedly beat out much cotton into the
dirt. But whatever the cause Of the poor
average quality of the crop OF cotton for the
curreUt year, It ls subject that requires
thorough investigation. aud the Ag:lcul.
lural Department at Washington could not
perform q more acceptable WORK than the COL
lection OF Information on this subject. There
Ia danger OF permanent depreciation of the
qualify of American cotton, (Which before
tue late war stood unrlvalled tor Its gene
raj excellenoe.) that danger, It's extent,
aud what It arises from, should be de-
moDstrated as early as possible, In order
that 1t may be overcome, or at least mitlgated
as much as may be. II is evident that there is
to be no lack of low grades OF cotton. East
India aud Brazil possess capacities which have
only Just begun 10 be developed. This is also
true of the Southern S:ates; but, under the
circumstances, 1t seems much more Important
that the quality OF American cotton should be
maintained than that the growth should be In
creased, desirable as the lutter may be on many
accounts. Tue action OF The New York Cotton
Exchange last Thursday In resolving THAT
Irom and after the first day OF September next
ordinary cotton be Included In contract deliv-
cries; that not more than rs per cent OF nrol.
nary and rs per cent. oil strlct ordinary shall
be delivered on any contract per LOO balesi
that no notice be taken In puollc report or
in printed circulars of sales of any other con.
tracts, aud that no other contract De slampeo
by the Exchange" would seem to Imply that
continuance Of existing evils may 0e appre-
hended through the disorganzed state OF
labor at the South, or from other causes.
What the effect of This resolution will be upon
trade aims TO b. determined. II naturally
tends to encourage the s-lling on contract for
future delivery By diminishing the FISK OF q
"corner," to whicn sellers are exposed. But
will 1t Increase the disposition to purchase on
such contracts! Will spnners feel that they
can purchase cotton In this way TO meet their
future wants with any prospect OF obtaining
the grades OF cotton necessary TO the produc-
tlon Of their styles of goods Will they not
prefer to walt until they need cotton and then
purchase oy sample; and thus by weakening
speculation will not the difficulties In market
log and handling the crop be Increased! But
we must learn by experience, aud the change
will benefit us In that way If In no other.