The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1873-04-03
Cotton Planters and Cotton Spectators.

Cotton Planters and Cotton Spectators.
Throughout the South there seems to be a
feeling that at New York combinations Of
spectators are using all their power to depress
the value of the great Southern staple. We
draw this inference from the fact that meetings
of buyers and planters are being held through
out the cotton States at which resolutions are
adopted asking that buyers of Futures" willin
all cases demand the cotton on their contracts,
and advising producers to keep back their
crops and prevent these combinations from
holding cotton enough to meet their contracts;
and so thwart theis designs.
The friends of this movement seem to ignore
the fact that; on all these contracts there are
two sides, the "bulls" to advance the price, as
we'll as the clears to depress it-and that In
the long run the side which has the most cor
rect views of the sctual situation of the cotton
trade must come out victorious. They also
overlook the consideration that single 100
bales willard We have seen cases where it did
settle contracts for over 5000 bales; and
indeed, there is nc limit but time to the amount
of contracts it might settle, There is no doubt
that the system of; contracts in vogue here is
gradually reducing the volume OF business IN
actual cotton A comparison of the number
of bales sold here, since and before the adop-
tion of this systera, would at once settle that
point
The outburst cf feeling among Southern
shippers seem to us without warrant. Before
this future business we had the same class
of operations there were "bullsp and clears"
as now; and the change recently adopted In
the mode of conducting the business places
the Southern interest at no more disadvantage
than formerly; indeed, as the actual holders OF
the cotton sold by the ''hearsp for future defiv-
cry, the South has now "a very important ad-
vantage. ng@ - =. ~ - L. -
sItis evident there is and has been for some
time something keeping back the good cottons !;
for the actual receipts, both here and at other
sea ports, show that the cotton received is fully
% pen cent. lower in grade than last or former
years, 1t may be that this can be accounted
for by the fact that, with, such large crop as
is generally estimated, the planters have not
been able toigive tthe. care that is necessary
to produce good crop.,r But, whatever may
have been the cause of this deterioration in
the grade of f,the cotton coming to hand, it Is
clear that this fact ITSELF and not the mere ac-
ticn of specnlators (who can influence any
market hut very temporarily is to be accepted
ASA very important, cause contributing to the
decline in cotton. tits also to be keptin mind
that--with the large crop in this country Tour
receipts now pointing to an important increase
oyer last year, and an evidently abundant crop
in nearly all the other cotton producing coun-
tries, heavy stocks in Europe, (but not, how
ever, quite as large as last year at this time,)
very unsatisfactory trade in Manchester,
and the fact that the expense per loom in
building new factories in England is largely in
excess of what il was five years ago, (since
which time there have been very few new
works put up)-all facts seem to indicate plenty
of raw material and scarcity of looms to spin
it. It.is.trhe there have been some few facto-
ries put up in the South but they can only
supply a home demand, and are but as bloom
in al 900 acre fed their effect on the great
cotton trade can hardly be felt beyond their
own neighborhoodl. .ssu .
Whether the "bulls"or "bears" will prevail
remains to be seen; but it does seem that the
''shorts" lbears) have much in their favor.
They; of course, lave agreed to deliver what
they. have not and if the "bulls" can control
all the cotton, taey can make their strength
feltat the ,eud of each month but cam they,
with the large crops, hold enough todo this 7
Hare they the requisite moneyed strength Z
If they have! they, will certainly temporarily
putup the price; but if mot; is not the natural
tendeneyifrom these causes towards lower pri-
ces3a. Time-wil tell@-New York Eyening But
setiaar sdj .yoige ln11,ia .sais..sil :A1 $50 ~