Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-10-02
COTTON.


The Liverpool market was buoyant at the
opening to-day. Uplands, lo1{d; Orleans,
l0xd, and closed hrmer but not quotably
higher. with sales OF 5000 bales. Uplsnds
snOat were quoted in the noon dispatches at
esd. This is an old dodge, and will hardly
work as well as ii did last year. The New York
market opened with a moderate demand, and
prices firm. Uplands, 2Gzc, and closed the
same, though holders were asking an Gdvance.
Sales 100 bales.
This has been another u-naccountable day in
our market. Buyers are very scarce, and the
advance in the East on yesterday, as Wen as
the tendency upwards quoted to-day had no
effect on them. They would not advance their
rates, but passed by what would at any other
time be considered a good thing" We quote
as follows: 5 bales Ordinary, 20c; l al 2Lc; ]
at &c 3 az zoe; 0 Good Ordinary, 2ls4e; al
9IAc; 4 at 2ie Il at NC; 1 at 2Ic; l at 2Ic 9at
&c; 10 at 2IAo; / at Z%c; 4 at 2l1aci 3 Low
Midding, 2Hzc 90 at 22Lc: Cat &c; Is at &c; !
a. Zo; p at &c; : at &c; , at &c; at PC s al
&c; 5 at 22Ec; Z Middling, 25c; 8 at 2Se; u al
rs; 1 at 2s1sc; 3 al ZSe; 4 at23c at 23e; 10 al
2Sc; I at 25[si Strict Middiing, 81; 9 at &c
COTTON
M OF COMMERCE.,
MEEPHIs. October I, 1851
stock on hand Sept Z, lssS--- 81
Received % oc,r
Received preyiously-"------..--- z3 Do
81
Exported to-day--.---..-----.-......-. 2
Exported prev1ously-----.-----.. Ioe 1871
stsok on hand to-day p.m---. ST
n. Corona and A. Radgeski. Esqs., returned
home on Tuesday, from their Summer tour,
They are both well known as successful cotton
operators. Mr.. r. has visited al the different
parts OF Europe since he has besn absent, and
returns home full % pleasant memories or the
scenes gone by, as wen as ready to resume his
place in line for the campaign.
There is g project on foot in some OF the
counties OF Georges which, II it can be suc'
cessfully set on foot in all the counties not only
IN Georgia, bat all over the South, VIII eneetu-
ally stop the game which speculatorE have been
playing upon Southern planters since the war
especially last season, and which they are now
trying 10 play again, by ruling down the price
of cotton until they can get 1t all ont OF the
hands Of the planters, and then selling II TO the
manufscturerSst enormous profits.
The scheme, as explained by an intelligent
gentleman, is this: Let all the planters Of a
county have a Omnon warehouse to store
their cotton, and let this warehouse be under
the control Of several responsible and reliable
gentlemen, selected by the planters OF the
county. whose duty Il shall be TO receive and
receipt for the cotton, and see that it Is prop
erly stored and protected. Then, upon this az
gregate amount OF cotton stored, let these gen
IIemen borrow money at a reasonable rate Of
interest, and rom IL supply the immediate Pc
cuniary necessities of the planter at the same
rate OF interest upOn which Il We, obtained by
the keepers OF the W&re1OuSe-eACn plants ]
having the privilege TO borrow money in pro-
portion TO the amount Of cotton he has IN
store. II a planter is willing TO take Jae mar
ket price for his cotton ana desires to sell, let
the warehouse buy II, If the market price is to-
low, and II then becomes the property Of tAe
other planter OF the association, and becOn es
also g portion Of the common stock upon
which tbs money fs bcrro wed 10 supply the de-
mandsO Of the planters.
By this means it is thought planters will be
enabled to hold their cotton Tor good prices,
and instead OF their labor being the sport and
playtniug Of spectators, II viii rule and con-
troll them, If not smut them rut of the make.
altogether for II the entire cotton crops OF
counties can be thus collected in the hands OF
q feE planters, they can sell directly TO manu-
lacturers and consumers OF the raw material,
and not q bale fall into the hands OF specuia-
tors. The price VIII then be settled between
the producer and consumer Of cotton, and the
planter can deTaana his price instead OF being
forced to take whatever Is offered When the
question of price Is settled between the pro
ducer and consumer, then, n the tpecu-
latOr wants to show his hand, and force the
manufacturer to pay more for cotton than the
planter asks, let him OveTbid the manuf4
furer. and he is then emitted to control the
price. Tor the planter has fairly disposed Of the
night to do so.
We believe thatsome such scheme IS We have
crudely outlined viii soon be adopted by
planters. Ills certain that, as thugs are now
worktng the planter viii never be able 70 con-
troll the price Of bis cotton crop, which he
surely has ths right 70 do.