Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-10-26

altogether or greatly reduce their cultivation Of
the great staples, in order to devote Their land
and labor to raising provisions ami supplies
which they have hitherto purchased from other
countries"
To these words may be added the following
from the New Orleans Crescent: As for the
raising Of the blockade, with the expectation Of
a resumption Of trade with Europe, it is an
ignis fatuus for the present, The blockade will
only be opened after severe fighting" The
Delta states that it is contemplated to call a con-
vention of cotton planters at which a course Of
proceeding on this subject shall be decided
on. 1t was observed on Change that if cotton
planters proceed to grow cotton next year as they
have done this, they will again have it on their
hands, and fnditimpossible to turn it into money.
More than this-if We should have two or more
crops of cotton on hand when the blockade is
opened, the planters reduced to extremity for
want of money must rush theiT cotton to mar
ket. Tho European markets would be glutted,
the price would 60 down, a glut Of manufactured
goods would load the shelves of dealers on the
succeeding season, and thus the price Of cotton
would suffer a depression it mighttske years to re-
cover from. Ont the contrary, if provisions are raised
our people will be fed, the schemes Of the enemy
will thus be bafied, and the price of cotton will
be maintainedin European markets. Thisisa sub
iect planters should well consider. We can
scarcely expect another year to have as favora-
bic a season as we have had this, and the price Of
provisions be remunerative everything will find
a ready market for ready money, and the cause
of the South viii receive a powerful support.
There is less attention given on Change to
the subject of the approaching large arrivals of
sugar and molasses than the matter demands.
There appears to be a difficulty with many in
realizing the fact that Memphis is about to be-
come a 9 market. Attention is asked to the
following extracts. The New Orleans Delta, of
Thursday last, says: As most of the up freights
of our Memphis packets Is, and will be, sugar
and molasses, it behooyes our Memphis friends
to get their sugar landing ready as soon as pos
sible, for they may look for a heavy dose of su-
gar and mOlasses-enough to sweeten Memphis
or anybody who takes her part" The New Or
leans Crescent has the following: There have
been large remittances from Tennessee in treas
ury notes within the past few days to be invest
ed in sugar and molAsses.'' THE demand for
sugar and molasses for Alabama and Tennessee
is extending, and heavy transactions are expect
ed the coming month. The shipments of mo-
lasses this week have been large for the times.
All of this article made this season will prOba-
bly-in fact, without a doubt, be required for
consumption in the Southern COntederacy,
and with the promising large yield Of
sugar relatively, the returns will be proportion
ably larger. The great value Of mOlasses for
plantation and negro supplies will be fully re
allied and demonstrated this year. We are in
for a war of longer or less duration. If the
blockade of our ports is not raised within three
or four months, cotton viii be a drug. Prices Of
breadstuffs are advancing to most exhorbitant
prices. Sugarand molasses will be the only pro-
ducts to be relied on. These two items Will be
worth in market something approximating TWEEN
ty-eight millions of dollars. Il, however, cotton
planters cannot sell their cotton, or are compelled
to keep it on plantations, how can they realize
money to purchase sugar aud mOlasses which
will be very abundant, and possibly rule at ex-
IRENE low rates ~