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 antici-
! fatons Of low prices for cotton niry 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
eSceedlng in vis"r, dcvclopm mt aud
lruiting the very best years within the
memory of planters. We have thus
been carried into mid August the most
critical month, with every circumstance
to encourage the very best hopes, am il
from DOW forward nothing unforeseen
occurs, nf disastrous nature, and d ne
dry autumn ensucs, not unlikely after
the rainy summer We have had, W. shall
unioubtcdiy have an ur,nllly l,rge pro
! duction. OF course everybody in dul yes
in calculations rs to what crop figures
1874 may finally turn up, the favorable
estimate pretty much all over the So uth
being 100000 bales, and bcy md this,
should We have IA late kslin3 frost.
| perceive, from the report of the
bureau Of agriculture, ~ Washington,
,h.t o,c5o oOA .erye "nder ~ultiratjob
ought to yield }, 200 ,OOG bales in the
event OF a prolracted picking season into
fall time, taking late years us a basis,
but that some disaster might cripple it,
so az to produce but 3,70O,0J0 t, $500,
600 bales. Drawing IL line between two
extremes, we have 0OO,O0O to 1850,
900 bales, which either iavora be or
uniavorablc circumstances will eciie
during the Coming four m)nihs.
Plllng, then Il crop which has every
appearance Of Long bouutiful one,
upon ome that certainly has proved of
respectable 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-
prehenson of one at present, and horses
and mules do not fail Us ut a time when
We require their assistance most. NV
expectations of low prices are fixed more
particularly upon the period t,wiris tho
close Of tho year, when we may resona-
bly, expect heavy receipts.
Our market remains quiet; the only
purchases making are for account of
some ,1crman houses in New Orleans,
in qualities principally ranging between
ordinary and good ordinary, at from Is
to &c. Our stock has now been reduc
ed to 1000 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 rs 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 ii usually the case, and the ship
building that has been going on uring
the interval does no1 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 incacascd production of our
saw mills on the seaboard. Now, it 81
chances that this timber business seems
to be a most profitable one, and that it
can stand even exorbtant ratos of freight
thus Sl3 per thousand to Cuba, Sl4 to
Texas, 81 4aSlG to Philadelphia aud Bos-
ton, and as much as S32 to Monte7idoo,
which is precisely on par with I'd. for
cotton to Liverpool.