Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-10-17
COTTON.

Cotton was steady in Liverpool at the
opening to-day, with uplands l04d, Or
leans I'D, and at noon the demand was
fair with sales 10, 900 bales. Weeks sales
$1,000; Of this amount Is, 900 were taken
for export n 1000 by spectators.
Stock 407 900, OF which So. 600 is Ameri-
can. Stock aioat 1872 600 bales, Of which
1900 are American. Tie New York
market opened firm with q moderate de-
mEnd. Low middliDg 24k, middling
253, Orleans %, good middli0g 263.
There was no change st noon nor at the
close.
Our market opened frmer, with 3 fair
demand for good grades. Wagon re-
ceipts are heavy, and are mostly urged
to q sale on arrival, enabling buyers TO
fill up their orders In small lots st lower
prices thar fall tables can be bought for.
This will explain the wide margin in cur
quotations. At the close there was
rather less inquiry, but the market closed
firm. Sales are so numerous that we
find 1t impossible TO give them in full,
and will therefore omit them henceforth,
except when 8 very large list Is sold. We
quote to-day a sale of 81 bales middIing
at 223c, 81 at 2Sc, So at 223c, A st 28c, Sc
at 224, 80 at 224. We quote IS follows:
Ordtnsry---- --..--- -..---..-----------. - COZ
Sood ordinary Il @21a
Low y q
ZL6Hz
strict Mfddltrg "a .-----....-.----.---- 3IG-
Good Hiddllngs---..--.-.--. .--. a @
COTTON sTATEzKsT.
CEAMBER OF CoMEERoE.
MEEPBIs, October 10, IS&.l
stock on hand Sept l. lS6S---. 81
Received 1919
Deceived previously 1854 1855
1890
Exported ida l,7G3
Exported prev1ously----~---.--... $40 10 $50
st~ck on hand to-day, y m-.--- 6,35I
The following letter we take from the
New Orleans Times. 1t Will be read
with interest by our cotton men, but the
reference to iron bound bales will hardly
be accepted as true. The letter reads a
follows:
To the editor OF the New Orleans Times:
Having noticed In your valuable paper a let
ter written by A Planter " 70 his commission
merchant, on the Old story, complaining, as
uhu1At u IA Aoes ol weight IN COLlOn- ana as /
such complaints are almost daily occurring.
and the planters, their commission merchants
and factors, as well as the commercial commu-
nifty, are very much Interested in this cause, IL
would be well that IL shoaid be examined in'o
and the result given 10 the public for the bene-
NJ OF all concerned. Cotton picked, ginned
and baied In dry weather, and perfectly dry,
stiu will always lose, as the oil aud dampness
which the new cotton contains. evaporates ray
from ten to twenty pounds or more in the
.aunraa ~ frrn Or rhrna unnwFha nh. av-.lA - l
ton IL stored In a dry place wherea free ~circala-
ton OF air can ventilate Il.
Bot how many cases are seen almost daily
where cotton has been baied when damp and
probably five gallons or more OF waller is
thrown among II 10 make It pack vel (as the
planter terms IT, when compressed. Now Isl
q wonder when a bale so put up loses in weiyht
when exposed 20 a dry atmosphere several
weeks. Here 1 viii mention a case. one week
ago the house OF - bought a Tot OF TN 5ales
the quality being 81 extra rasddI1g:" "a -
ton IN passing through the hands Ofthe cisszer
and weigher reused suspicion; on opening =
bale It plainly proved to be packed as abgve
stated, and that hedcfly dumped. The uurchasrr
wanted the cotton and the seller had to send
said cotton to pickery 10 have Il dried, which
was performed, OF courSe, on the most eco
nomical principle, and on return the dampnsss
vas not ali removed, hut the result showed
hat SIX hundred pounds had evaporatel in
en- bsles, the bales averaging about threr hun
VI 49, 49, E11@~ - g l4A 0a ~ "a ] 4
instances that occur daily. 4
Again, formerly q bale OF cotton contained
rom so 70 SO pounds, bound with rope, when .
paging and rops was OF nearly equal value 1,
but now iron bands sre substituted =
rhieh, amer their removal, are Lot only worth
ess. bat generally during the voyage at sea be-
,1me rusty, and damages all cot on with
which 10 comes In contact. Fer Instance, On
he arrival a. Liverpool, or Havre, the baczsng e.
nd Eope, or iron bands, and the damaged cot I
on caused from such rusty bands, are stripped
rom the cotton and the cotton wsisntd. Here .,
is a loss 81 about forty pounds per bale ON =
bale weighing $50 pounds, as wei as one
veighing 500 pounds. Hence, Il seems. that A. I
!, necessary that a regular tare should be es-
ablfshed 70 regulate The sale OF cotton. on
egular, sound and just basis. As we have a :
.oard of Commerce, their attention should be -
alled TO these facts, and not only 10 examine Z
nto and show TO the planter how these losses
ccur, but also to regulate, since iron ties are
sed, seven TO 3 bale, instead OF Fix OF rope. a
tare for the difference OF the prics OF {
aeeing and iron ties, and the vslue Of cotton =
ocording TO the weights Of the bales. Juzi'ce
smands II. A CITIZEN.