Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-10-19

Good Middlings..----......--- ..... q as
COTTON STATEMENT.
CHAMBE OF COMMERCE.
MEMPHIS, October Il, 1893. /
stock on hand septL ls6s------.. 81
Rscetved to-day----------~--..---- Los
Received previousiy l6t52 1890
1881
Exported to-day---"--@...--.. lS9l
Exported preViOuEly.--.--.-..--.-... lO.5S5 R427
Stock on hand to-day. p m~ e,rSO
Weeks eceipts so27
Weeks shipments.----.----.-.---.. 500
At the time when the entire movement o.
cotton was by the sesboard, the crop was esti-
mated by the receipts at the delivery portF, a.
recorded by the commercial organs OF the sew
eIal cities. The consumption on plantations or
in country toTDs FOR home manufacturing
mattresses etc, was not taken into account
and the crop was set down At the amount Of
actual receipts, For practical purposes this " ps
all that was then required. The object was to
ASCERTAIN the amount OF the supply for the
Northern and the foreign trade. Ths actual
growth was a matter OF interest 10 none but
those Interested In agIicu4tural statistics. Bur.
with thsincrsass IA OOltsR manufactures at the
south and the West, 1t became necessary TO
make = proPeE alo vance for their csrsump-
ton, which was determiued partly by the re-
cords Of river ms and parity by contec-
turs. These have no recognized authorities TO
refer 10 upon the subjsc and the estim ates In
relation 10 IL were made WithNt much prs.
tension TO exactness or accuracy. The din =
ence between The apparent crop as determined
by the receipts at the delivery ports. Increased
with the extension OF railEay transportation
and the high prices OF the staple rendering the
rate of freight q matter Of incOnsiderabls mo-
ment. Hence assiduous efforts have been
made 70 ascertain the amouat for Warded by
the interior routes to the West and the Norih
anA -
been made for them in The annual crop state
msnts. But the matter has not yet been fully
Investigated, and parties who made ealcula-
tons OF our last crop differ in important par
~ftculars.
In noticing this subject, the Boston Post suR.
gestS that the National Association OF Cotton
Manufacturers should assume the task OF Oh
tsiaing accurate Information in relation 70 A.
which II thoroughly accomplished. would in
vclve q greater expenditure OF Labor ana
money than would be warranted by any pri.
vate business. whether OF Journalist. merchant
OF broker. The suggestion is well worthy OF
confederation. Tn credit Of the association
beipR involved in tine honesty or its renors
they would, no doubt, command the publie |
confidence; and the wide and reliable G 1nnsc.
,s,na; IL would readily establish would give n
annie sources Of correct information. II would |
~nSoubtsdsy be attended with some expa1saN
the employment of an intelllgsnts aist ,ciaB Al
sts once. and reliable agents At toe princioaI
seaboard and interior markets IN the cotton
growtng region. In 8 matter Of such moment
4 would hardly do 70 trust fer information 10 |
voluntary o~0lFesPOEdents, whose Interests
n,ght be affected BY their reports. PAID agent,
-. drst duty would be 10 their employers. 1
go nnon whose integrity full reliance could
hs nlaeed. would, IN most cases be the proper
souroes from winch TO derive local reports. BY
1bis means much valuable information HHffbt
he OBTAINED ia regard 10 the prospect OF the
growing crops, consumption, etc, which would
enable the trade eyery where 20 conduct their
onerations with more steadiness and conn
dsnoe. The relations OF supply to demand
uuce established, prices would rule accordingly, /
and seldom suffer the remarkable variations
they have hitherto exhibited.
One Of the chief evils under ths present regu-
hnons Of ne rsfs Il the Hnesrla ta infOrma-