The news and herald. (Winnsboro, S.C.) 1877-1900, 1879-08-26

| IdcSSTS. EUltOrS: LII your last issue
OF the weekly NEWS AND HERALD you
refer to some newspapers having made
predictions concerning the number OF
bales Of cotton likely to be raised this
year. You very propcrly condemn
such publications, for, as you remark +,
such stuff can only be published with
a view to pave the way for low prices.
IL is we'll known that "thc whole
world and the rest Of mankind" arc in-
tcrcstcd in having the price of cotton
rs low as possible, except those inter-
csted in its production; and it is also
well known that those who raise it
have very little control over the price
that it may or ought to bring. hope
this will not always be tho casc, rs it
is the fault Of tho farmer producing
the article for market if he does not
uso the means iii his power to make
tho production profitable. We arc
not yet entirely "out of tho woods, )"
but the day is dawning when the clod-
: hopper, and particularly the cotton
raiser will have more Of his say as to
the price ofcotton. There is no tell
ing what organization and combination
can do; and this may or perhaps will
have to be tried soon. At present
:, too many Of us have TO mortgage our
crops to get credit for supplies to en-
able us to make living. But / am
happy to SEQ signs Of a good time
ahead. when we will be all ofus more
indcpcndcnt, and will be able to sell
or hold our cotton .as wc think best.
hopn,ano Southern newspapers arc
Iprcdicting a six million crop, as
those who do publish such predictions
must certainly expect to get paid for
lying. No one who has intelligence
sufficient to be the publisher ofn news
paper should fail to know the false
hood of such stuff. Now lot us look
into the prospects for tho coming
crop. But first let nc say that tho
great "New York Cotton Exchanges"
and its satellites sent out predictions
that five and a half millions of bales
would com from tho crop Of 1873.
Now the crop year is about at its end,
and only 4,43S,000 bales in round
numbers have been received at the
ports. Say that three hundred thous-
and bales have passed north through
! the interior, add what has been con-
snmcd by Southern factories, and we
have less than five million bales all
told. for 1873. Again, when We look
tho world. including what is now on
Shipbonrd, we will find two hundred
thuSand bales less than the amount in
sight y year ago. The reports rccciv-
cd and published by the Agricultural.
Department estimated tho crop at
from four and thrcc-quartcrs to five
hundred thousand bales last year.
This is very near the mark. Now tho
department publishes that on July 1st
there was only nincty-thrcc per cent.
OF Hn average crop for the year 1870.
when tho August report cones..thc
percentage will be less. owing to tho
c,ntinu ton Of tlrodgl in july. The
drought ended i'll Fairfield on tho 18th
Jnly, but not so i'll other parts of
south Carolina nor in many of the
most important cotton Stntes. We
Know that it takes week or two for
badly stuntcd cotton to get fairly I'M
der way to form new growth to mako
new bolls or squares. From the Goth
and Goth ofJuly. when rain was gcner-
al, TO tho lst of August was needed for
the start. After tho 1St Of August
there is only about fifteen days to
count on for growth to produce cotton
which will escape injury from frost.
The season was generally good all
over the cotton region last year, and
tho average condition rose at cycrv
report until it reached an average Of
n!ncty-ninc per cont, while in some of
the best cotton States it reached ono
hundred and thirteen per cent This
year we SEQ it falling, and in the re-
port up to August 1st it will not be ovor
ninety per cent. (Thc report is not vet
out.) l think we may fairly count on not
over four and thrcc-quartcrs millions
OF bales for the year 1879. And as
we sec tho supply in sight constantly
decreasing until now it is near a mil
lion bales less than it was tmco years
ago, and tho exports from India aro
falling of, the exports from that coun-
try III the year 1878 being 919, ,413 balos,
and in 1879 646,649 bales, while the
consumption Of cotton is every year
exceeding the production, why may
we not count OH bcttor prices? Wo
hear the everlasting cry Of dull market
in Liverpool, and of strikes, short
time or full stoppagc in tho factories,
and a hundred other bugaboos to
trightcn she planters and make them
glHi to got whatever they can for their
cotton. Now, farmers, don't bo
alarmed. Only sell what cotton YOU
may havo mortgagcd. Wo havo no
reason to fear low prices unless the
planters tako a panic.
If tho English manufacturers arc
losing always, why don't thcy come
here whore they can make good proliMp
| notice a report that a factory in North
Carolina mado and declared a divi-
dend of ten per cent. for three months,
or forty per cont. q year OIL manufact-
uriny cotton. If the mills in New
England and the North cannot make
money at homo let them come lore
where thcy can mlkc it. But their
cry Of losses is all nonsense. There is
money made in cotton factories all
over tho world, but the manufacturers
are all Interested IN getting cotton
cheap, and they resort to any means
That promises to reduce the price. 7,
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