Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-10-15
MEMPHIS, TUESDAY, OCTOBER Is 1861.
COTTON EURoPE

From the New Orleans Crescent
The advices from Liverpool to the 2lst uit,,
per Niagara, quote Orleans middlng at iOd.
Large sales, as before advised, attending the
close of the weeks business. As the receipts OF
American cotton in Liverpool are at an end ior
this season, Lancashire can take time and look
the matter right in the face at once. Thesupply
OF American cotton viii run ont in England by
the close of the month of December, unless re-
sort TO very short time is adopted. The late boil
stering up of Egyptian cotton, and the proba-
bilitv of any supply beyond 100, 600 bales being
received from there this wear in all, is simply
bosh.' The Egyptian bale is estimated at
Alexandra At 300 pounds, though twenty years
ago the bale was computed at only 2l- pounds
Some thirty years ago we used 10 hear con cur
then diminutive daCS) a good deal about Egvp-
tan cotton, and how 10 would supercede Ameri-
can southern cotton in England; yea, it was
thought then that Yiceroy Mehemet Ali lwe be
leye that was the old fellows name) would
drive American cotton out of Liverpool.
A correspondent of the London Times writes
as follows:
The quality of the cotton from Egypt and
India is Of a harsh, hairy nature, and can only
be- spun into q hard, twisted yarn, for heavy
goods and is not adapted TO % fifth part OF tie
trade of England oHy mare than 50 much sfror
But here is another article from the London
Times:
SEPTEMBER, :, I56l.-As every fact regard
inc our supply Of cotton is now of surprising
interest, ] beg leave TO hand you the following
figures, extracted from the Liverpool General
Brokers Association Prize CHrreHi of the 9th OF
September. 1861:
stock of American cotton Sept > ls6l--.--. 55a s7o
ConsuIa.tio of American cotton and export from
january T. 10 present time. has been per week 4loo
The present stock Of American cotton. It all con
~lIucd by the 3isI li December l-6I. would
oGly allow OF % weekly consumption sua eN-
port OF. &37O1
The present stoe. Of American cotton {, less Than
e. was last wear az the present time H0 u0o
Tho import Of American cotton from the 5th OF
upward oi..-.....-.--.--....----...----.-- 300 oo
The consumption aud export from the 9TH of sep
toubeg 90 the 3lst OF December. loo
about ------------ 500 900
The export this year may be very much larger
than Is expected, as thr wants hitherto supplied
direct from America will I'm all probability be
drawn here. ln ordinary times France and
Spain are the earliest buyers in the American
market, and for some time past there have been
large orders from the latter country in the Liy-
erpool market.
There is also another very important fact
which must not be lost sight of, namely: that
the last crop of American cotton was 100000
bales less than the previous one consequently
a vacuum exists somewhere
From the preceding remarks the inference is
quite unavoidable jhat very soon the supply of
American cotton will be exhausted, and that the
SINNERS must either close their mills or adapt
their machinery to the use OF Fast India cotton
But there is no use Disgusting the fact that they
viii no-do so until compelled by the direst ne
cessity-s necessity, however, which is not Ear
distant.
Surprising, then, thai we are not to receive
any American cotton, what are our prospects
am afraid, very sad indeed
BY the first of January we think there viii be
a great deal Of sadness in Lancashire. By that
time the British government viii become disgust
"a with tiddHng 10 Lincoln, Seward q Co