Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-10-18
COTTON STATEMENT.
1aAABER OF COMHERCE.
MEMPHIS. Oct0baF II ISgg

At thetime when the entire movement Of
cotton was by the ssaboard, the crop was esti-
mated by the receipts at the deli very ports, as
recorded by the commercial organs Of the sey.
eIal cities. The on Plantations or
in country towns Tor hons manufacturing.
mattresses etc, was not taken iato account
and tbs crop was set down at the amount OF
actual receipts, For practical purpcs g this vas
all that was then required. The object was to
ascertain the amount OF the supply for the
Northern and the foreign trade. The actual
growth was a matter OF interest TO none but
those interested I'm agricultural statistics. But.
With The Increase in eottsn N manufactures at the
South and the West. u became necessary to
make q proper allowance for their consump-
uOn, which was determined partly by the re-
cords OF river shipments and partly by copiec.
ture. These have no recognized authorities 10
refer to upon the subject, and the estimates In
relation to it were made without much pre-
tension TO eKactness or accuracy. The differ
ence between the apparent crop as
by the receipts at the delivery ports, Increased
with the extension OF railway tvs sportatfon
and the high prices OF the staple, N ering The
rate Of FIRE ghta matter Of Uncomfortable mo-
nent. Hence aSsiduous efforts have been
made to ascertain the amount forwarded by
the interior routes TO the West and the North
for consumption, and proper alo vance has
been made for them in Inc annual crop state
ments. But the matter has not yet been fully
investigated, and parties who male calcutta
tons ot cur last crop differ In important par
~tic1lars.
In noticing this subject, the Boston Posi- sux.
gesss that tbs National Association OF Cotton
Manufacturers should a sumo the task or o.
tanning accurate information In relation 10 Il.
which if thoroughly Recompll. he'd, would Ia
volve a greater expenditure OF labor and
money than would be warranted by any pri.
waite business, whether OF journalist, merchant
or broker. The suggestion Is well worthy OF
consideration. Ths credit of the association
beiTg involved IN the honesty OF its reports.
they would, no doubt, command the public
confidence; ard the wide and reliable c 5nnec.
tons IL would readily establish would give Il
an pie sources Of correct Information. 1t would
undoubtedly be attended with some expense
the en ployment OF an intelligent S atist.elaa at
its Office. and reliable agents 1t the principal
seaboard and interior markets in the cotton
growing region. In a matter Of such moment
twould haruly 10 to trust for information 10
voluntary oosrespoDdents, whose interests
might bs affected BY Their reports. Paid sgents.
WhJse first duty would be to their employers.
and upon whose integrity full reliance conld
be plscsd, woald, in mott cases be the proper.
sources nom which 70 derive local reports. By
this means mech valuable info nation night
DO obtained IA regard 10 the prospect of the
growing crops, co sumption, e.c., which would
enabIsshe uaie ~everyWhsre TO conduct their
operations with mole stesdiuess and coBa
once established, pIiees would rule accordingly,
aud seldom suffer the remarksbls Variations
they have hitherto exhibited.
one OF the chief svlls under tbs present rezu
iationa OF the trade y the uncertain ipsorna