THE PRICE OF COTTON
{"newspaper_name": "The Arkansas banner.", "edition": "01", "page": "p3", "byline": ""}
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we have heretofore endeavored to ascer- tam the real causes of the unprecedented low prices oi cotton. We have supposed that the increased quantity raised may be one cause of the low prlce-and probably the impression that the present crop was unusually abundant has had strong influence in fixing the price al low point. The immence losses sus- talned last year by cotton speculators has doubtless induced them this season to hold back and buy only atreduced prices. In ad- dlIlon to these causes we have confidently referred to the operation of the present tariff law as palpably injurious to the price of cot ton

 It IS now probable that the estimates of the present cotton crop, on which the low prices have been based, have been entirely too high. he estimates have varied from 2,300,000 to 2,o00,OOO bales. We think 1t entirely pro- bable that these estimates are all too high. C see the speculatons of a Mobile commis- slon merchant on this subject which are in- teresting. He says:

 Il have heard several commission mer- chants lately say, they know ten planters who have made Jess cotton this past year, to one that has made as much as in the year before. Some say they don't know one in hundred, that with all their additional force and land, have made as much. This looks as if we should not receive as much at this port as we dld last year; and the intelligent and can dld editor of the Concordia Inteligencer of Louisiana says, the receipts at New Orleans. alter the lst of January instant. will fall of more than in the same time of any previous year. We all know, that in addition to dis asters in Red river last spring, similar to those which destroyed their crops the year previ- ous. the immense losses by the overflow of the Mississippi the past summer amounted, by careful examination, to as much as 140,000 bales.

 ''l think an estimate of 100000 bales from the whole country a full one, and if at this time, 24O, 176 bales of cotton more has been exported than had been last year, (which will be found to be the fact on reference to the Price Current of 18th inst.) this amount, 240,l76 bales less will be shipped abroad during the remainder of the season. If this be so, freights are immensely too high, and we may expect them down and buyers of cotton ought to make them so, to lower point than they were at last season, 44c. 3-8d.

 "These remarks make, and if there is any undoubted reason to suppose me wrong, l should be pleased 10 hear upon what data 1t can be shown to be so.'

 If this estimate is near the mark, it is man. ilest that cotton ought to bear better price. It is probable that the discovery made in Liverpool that the estimates made for our cot ton crop were too high, has caused the rise in price which will be found noticed under our commercial head.-Na&h Union