Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-12-13
cnTroN STATEMENT.

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There seems to have been an I'M
position practiced on newspaper cor
respondents in Washington in re-
gard 10 the estimate of the Com
missioner Of Agriculture Of the cotton
crop, which has been represented to be
3,O1q,O 900 bales, and 50 teIegraphed through
out the country. Referring TO this the
Washington correspondent Of the New
York Journal Of Commerce. says:
The Commissioner estimates that the
crop viii not exceed ?, 10000 bales Of 40
pounds each; that is the highest estimate
that has lsen made. The Commissioner
has lately returned from the cotton States,
and is well informed in all matters per-
tanning 10 the staple. II there is an error
an the estimate il VIII be because il is a
Trife too high. He estimated within 90
OJ bales of ths actual amount last year,
and this year his system of obtaining in
formation is much better. He SAYS that
hy an estimate that can be relied upon
there wall be more real profit 10 The cotton
growers. bv between siNty-Lhree and six
ty-four million dollars NEARLY the latter
figure this year, than IN 1883. In the lat
ter wear the crop was five million bales, Of
-four hundred pounds each, the largest
ANoB AAANN wv hA-As 4AhH ~ ~ - "a I'll
cents a pound, and it cost eight cents to
produce it.. NOw the cost OF producing is
twelve cents, and the cotton VIII bring an
aVerge price OF twenty-five cents. The
difference bstWeen the cost Of production
j., principally, the difference between free
AM slave labor. He says Virginia was
near depOpulated Of negroes, compared
with her former number, for the planta-
lions South, He saw some Of these men
I'M Georgia. whC had for their share Of the
croD pocketed $50. The crop in the west
ern cotton States is excellent, so far as
picked, but the c~sterpillafs have injured
il ia the eastern tier Of States. rake inc
south generally, he SAYS, the coJtO2 gath
cred before the storms near "a last OF
November S among the finest he has ever
seen.
COTTON IN + YORK.
December u, 1890 a.m.-Cotton-de-
mand fair; prices firm; asking &c higher.
Ordinary 24J{c; Good Ordinary 24Ac; Low
Middlngs 25c; Uplsnds 25Zc; Good
2gLc; Mobile 252c; Orleans 2Gc.
1850 p.m.-Cotton-quiet, weak, and
aCminslly unchanged. Sales 1000 bales,
and for contract 300 bales. Ordinary
245{e; Good Ordinary 24zlc; Low Mid
dlings z5c; Upiands 25Hc; Good 26Hc;
Mobile 25Zc; Orleans DC.
2 observation-disclosures sales last
evening 100 bales for December at $50
25zc; January at 25llc; March, Z5Z@
255zc: April, 8Bc. Sales to-day 1000 bales;
for December at ZJci January, 2592jhc;
February, 25Z@2 ::Nlarch, 25%925Hci
April, 255fc.
4 r.m-Cotton-quiet and weak. Ordi'
nary 24c. Coed Ordinary 24Hc; Low Mid.
dlings 245sc; Uplands 253zc; Good DC.
Mobile 255-c: Orleans 25Zc. Sales for eX.
port 80 bales: spinning IlO6; speculation
so; in transit 30. Contract 1900 bales, fol
February at 25Hc; March, 25Kc; April
25Zc.
COTTON IN NEW ORLEANS.
December II, Has am.-Cotton-de
mand fair and prices firm 24GA%e
sales 500 bales.
2:45 p.m.-Cotton frmer; 24hc. Sales
1000 bales.
COTTON IN LIVERPOOL.
December II, HIS a.m.-Cotton hrm
Uplands uZ@uZd; Orleans I2@l2Id.
3 p.m.-COtton firm. Sales 1900 bales
Uplauds u55d; Orleans I2hd.