Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-04-04

o. the subject Of tie next cotton crop
T1T5or saws


the Montgomery Lager says.
Estimates are being made by diGerent
writer's from such data a. they possess, OF
the extent Of cotton production in the
South this year. Opinion seems 10 agree
that about one million and q bali WEI pc
The amount. Our information ts only
from conieahiraf sources, and the reasons
unon which they are founded We do
Know however. thatplantersare making
strong efforts 10 raise all they can. But
ne want of reliable labor is severely felt
fn many places, and from that cause the
crop will be shortened hundreds of thous-
andso bales There are other drawbacks
10 be added TO this heavy one. M~ultitudes
Of plantations have been 50 blasted by
military raVages, astO be 0utof condition
for working. That viii create immense
deficiency. Many whose plantations
have not been devastated are 50 crippled
pecuniarily that they can only work
them to a partial extent. In view Of
these and other considerations, it is safe
to assume that the cotton crop Of 1850
viii not exceed, if it reaches, one million
and a half bales. It is as apt TO be under
as over that figure.
should it approximate that amount, it
will be fortunate for the planters andthe
country. At anything Ike the present
nriaes the plsntar would get splendid
Drofts. while the country would be bene-
fitted from the influence that such an
amount Of cotton thrown upon the mar
ket would exert upon commerce, manu-
factories and finance. Before the war
the annual enormous amount was four
million bales, and individual and ma
tidual property was universally ron
ceded. That prosperity arose chiefly
from the cotton trade. But b market
value then was one third or fourth Of
what &c il now, and what it is likely to
continue for some time 70 eome The
European quotations of that day rarely
exceeded Z I'd. for New Orleans and Mo-
bile samples. This was T. cents American
money. The producer got S 10 l2eents for
his crop aud considered lac was doing eX-
ceedingIy well. There are many reasons
for supp0sing that this years European
q~uotafons wiz be Is TO ISd., which VIII
enable the producer TO realize 25 OF 30
cents for his crop.
Late foreign intelligence informs Us
that there has been q material falling OF
in the India crop Of 1853, while in other
regions from which England obtained
cotton supplies during the war, there has
been but a small increase above the 0rdi-
nary production. The European stock
on hand Is light, which cannOt increase,
but must decrease, before the delivery o.
this years crop. The reduced production
in the United States, and the increase
here in home consumption, VIII not leave
more than half the crop for export.
Here are a combination of causes whose
Imperative tendency viii be to keep
prices, if not up to the present standard,
at least in its vicinity for a year or more
to come. As regards the question Of re-
muneratiOu of the forthcoming crop it
Is palpable that the producer viii receive
about three times as much FOR each bale
a. he did in 1860: in other words one
million and n half bales viii fetch more
money to the South next year than did
four millions before the al Thus, with
less than half a crop, it viii be more
remunerative than q fun one formerly
was. BUtdeductiOn must be made on in
creased cost of raising, and increased ex-
penses Of living; but this deduction viii
stiu leave an immense, We think far
greater than before, margin or profit for
the producer. For every dollar cleared
in 1850 the producer viii clear probably
two from his crop Of 1850 This would
be doing pretty well, and would go some
what toward i~ndemnifying the cotton
grower for the vast losses he sustained by
the war. At any rate, il would assist
10 put him IN q better condition for ell
larging his operations In 1867.