Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-06-29

Total. -l4s, ,I50lUOU lbz,l5J.0 .0OJ
The incrsAse as already stated was = per cent but
nearly ons-hsf of this increase owing TO She
ibntOus for the Confederate States having risen from
05O0OO pounds in 1863 70 1s 10000 pounds In 1854
That as well as the Chinese source Of supply nay son
esase and thers may be a very sGdden termination to
the supplies from In6is and The Mediterranean as the
ysar advances. The people Of those cotton growing
regions hHys for soIas- time past been making every
effort to hurry forward their crops &c. instead Of
"doing' them formerly, they may, long before
ths year eloses rid themselves Of all their cotton.
Tue consumption Of cotton by the mill in January
February and Marcel 1864 so per cent. more than
in the corresponding period Of s63 This Of course,
has given additional employmsnt to the operatives
Had it not been, however for the augmented reeeipts
from the Southern States il would have bssn imposai
bic to have consumed 50 Eueh cotton with the
size" frsudulSnty used The goods require the aver
age about % per cent Of tho good American staple
In other words every bas of American facilitates hs
Of Ave six bales Of other sorts. This Is evi.
dsnced by the weekly sales in the Liverpool Market
In the work entitled "rhs Cotton Trade, y it is stated
Before many months unezs The fortunes Of war the
Intervention Of foreign Powers should cause
pie portion Of the stsps to come to hand than has hit
srto eiudsd the illegal blockade for the rst tes the
history Of commeres, oatton fsnlHe will be expa-
blockade, Sna the fortunes Of war have caused con.
siderable qnsAtIty-sO 600 bassto be resolved at New
Orleans $50 900 bales have reached the United King.
dom and the Continent Of Europe since the lst Of Sep
tsmbsr last, asfaeoal stne quaply hiss arrived At
tina poris Of tassds 81 stass Much Of the Southern
cotton exported fr1a~2sesieo, Cabs the Batsmas,
Bermuda etc. haE been sent 10 th5S States In sz.
change for provisions clothing boots SID shos cotton
ards and in fact many nseesSarss FOR the Corederse
army, shipped from New York to these iatsrnsdiate
places The vast majority Of Yankees having had their
poeksts not thelr hearts in the wksd crusEd0 against
the South Had it mot bsen for this eourne Of trade the
Federal cotton manufactures would have been obliged
have continued their mpOTsatiOns Of the mate
rial from Europe and thus have drawn largely the
already aeHnty stocks Of cotton this side q the At
Ianae enhancing the quotations here and draining the
Northern States Of ths precious mesls, IS the mer-
ehandss shipped 30 the Islands would not have found
market anywhere in Europe. It is singular coin
cdenee that no sooner did the large export
trade In Breadstuffs between the Northern Stats
and Europe which began aftsr the Prssdentis eeeen
decline to iis former limited amount than these new
out < Tor Yankee produce opened up. This.
Al ith sales Of clipper and other shiPE in Europe,
do ON ths seas by the activity Of Southern eruiss
srs ID captures Of British property, furnishing sup
plies which otherwise would have had to have been
bought In Europe and paid for IA England hsvs mse-
rally assisted Federal asaoeE Il is quite clear ha,
the Southern Lad been IA position to haYs With
held their cotton from the "oaisr world the pewsFs Of
Europe would, BY this time, have been forced into
srising their independence. People generally
not aTays OF thc qhanttsx or e5t5oa Havs Ds5n
rseeived from ths South. Ths board Of trade tables
only credit The Oonfsderas States with the cotton that
comes dreet rom their ports while all hat Is imported
from them Indirectly, il placed to the account Of the
country q intsmsdiase export And 1t is upon these
bo.rd Of trade returns that the and Journal
isss of England have bsen bAsing their arguments-
aborng under the delusiOn that oshsr countries had
greatly Increased their growth Of cotton The Cotton
supply Association has not had the csrdOr to acknovl
edge the facts the case she contrary its organs
have reproduced, without explanation the erroneous
figures furnished by the Governments aud the associa-
son Itself has bsea publishing weekly the nos vision
ary statements from it's correspondents AbroAd 20 am
bgusuIy wored to dee i've ths public mind upon The
mporiaut question Of cotton supplies. What matters
It it, in countries where only faW hundred weights Of
cotton have been grown the cultivation should have,
under ths inhuencs OF high prices been augmented 100
or 200 per ct The whole additional quantity is but
drop in the bucket In oomparson with the void left by
II loss Of the Southern crops surely cotton wss
ming forward In Sufficient supplies for hve days
in the week, IS has been alleged, the prices would
tumble back to something like tker normal condition
instead Of being four rates beesuss the osFeney in
which they are quoted s in no manner inflated, and
there never was more than "a six Gays In the week
the nis even in he most &etys times, rested on the
seventh day The dsaeeAoy OF oaIy Dns Eixth Of 4
ful supply woald not make Eaeh sn enormous differ
encs In the value. The truth b. strange - it mas
seom the cotton manufacturers Of the United KIN siom
although they have done smaller business in gnaAi
since the breaking out Of the war, have done large
business in valEs aud their profits never 90 laFg
before in any period Of three years They have hat
the Advantage Of gradually hardening prices and th
other Glasses Of the community have assisted them in
! the support Of their Idle operatives. The sales
lass 10 1860 inclusive 82l47l5 9s7 1861 to 1865
inclusive, ss4O O67 494.
Qusntity OF raw cotton, cotton yarns and cottol
goods IA the whole world, sivzsa aud uBeivilized
tae following periods;
5shiary l. 1855 600 OOO09
Janaafg / coo 600 90
January Il 1866. Oe0 0a 90
January 3S6 500 600 90
January 1, 1855. 600 0e0 %
January 4, 500 600 90