Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-08-17

the next crop. We calculate that no new
Cotton worthy of notice ri arrive here
before the lst Of November, as American
spinners will be left almost without Z
bale when the next season opens, and
must take most Of the receipts during
September.
our stock Of American is now l67, 000
bales; ahoat, $4,000; further import to Isl
November, 10000; total supply of Amerl-
can to Ist November, say thirteen weeks,
2O5. OO0: allow consumption and export,
1900 bales per week, for thirteen weeks,
Isl, 900; stock1st November $4,000, against
81 1000 last year.
Il appears, therefore, that the utmost
delivery that our supply admits of is a.
OOO bales per week. while for the same
period last wear it VASE ,00Obales; against
this il may be said that the trade hold per
hans 10000 bales of American Cotton in
stock, but on the. other hand they have ,
far smaller supply of Brazil TO draw from,
the stock being 50, 600 bales, against 49,
600 bales last year. 1t must not be for
gotten, however, that the price of Ameri-
can Cotton is fully ID per 10 above the
average price in the autumn of last year,
and it remains to be seen whether this will
bring a sufficiently stringent action to
bear upon consumption.
The position of Surat Cotton, we con
slider as relatively not so strong as Ameri-
can: there will also bea serious deficiency
in it, but the proportionste contraction of
consumption viii not need to be nearly
so great as in long stapled Cotton. We
incline, therefore, TO think that the pre-
sent difference Of price between American
and Surat Cotton viii increase as the
season advance.
With regard the growing American
crop we are happy TO report f~aYorably,
The weather has been good the past two
months. and has nearly repaired the inju-
~ done BIZ a cold and backyard spring;
still the crop is later than the last one,
and has yet to pass through a critical time,
so that il is quite premature to hazard es-
Inmates Of yield. The area planted is be-
Iieved to be larger han last year, bus the
labor available no creator; there has
been, however, an abundant use
OF fertilizers, which may increase
the product, even where the labor EN-
ploYed is no greater.
However the cotton question is viewed,
the prospents in the immediate future are
mechanically for the consumer, and it can
not be doubted that during the coming
winter, If not before then, a vast amount
of machinery must be stopped in Ian
oashire, We therefore turn with pleasure
to a more pleasing subject, viz: the
efforts now being made to intro
duce Chinese labor into the South
ern States, as bearing upon tAe
future production Of cotton. For several
years there has Gben a large Chinese ims
migration into California, where nom So
d10tn. 100, 200 of that race are now settled,
and they have prOyedthemselves such eX-
celIeut labOrers IS to have displaced the
native Americans from several branches
of industry. Since the opening of the
Pacific railway several hundred of these
-eople haze f9urd their TaV i,Itl the
south, Wh6re the planters arb eager TO re-
ceive them, and now contracts are being
made for the transportation Of cOnsidera-
BILE numbers. There seems little doubt
that the stream Of immigration Will
stsaaliy aoE On, and before many years
are over, supply the South Witha large
ACCESSION of valuable labor. We da not
supbOse that this new element can affect
~pefdeptihly the crop just growing, but be.
fore many years are over we hope and be-
lieve that great results viii be obtained.
2 Without such labor we would ave lit
tia hops 81 lac oOItn increasing ITS grops
bFchttan m~ateriallyJf p the negro rape is
believed I be diminishing, and VIII not
be induced TO work laboriously even with
a high rate of wages. The Chinaman, on
the other hand, is fGna. IF m5AcY, an1
ti!ling To tpit nard To acquire It. and we
believe his labor will ultimately be found
more sBTViceable tnan that IF the negro,
This is the solitary ray of hope that now
shows itself on the lark horizon; we trust
il will be the harbinger of a brighter day
for this harassed and suffering tra4