Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-05-27

! light. We quote 10, Is, Q, 6and ? Good
| Ordinary at 25c; 4, s and II, at 25Ec; SO
Low Nliddlings at 261zc; 92 Low Mid
dlings at pc; 81 Shy Middlings or Liver
pool MiddIings at 2714c.
COTTON STATEMENT.
CHAMBER OF COMMERCE,
MEMPHIS, May %, 1853.
Stock on hand Sept /, ls6s~-" A
RsceivedtO-day"-".-~".-. Ia
Received revionsly..-..".2iS,lO 24j,5il
2I3, a6l
Shipped to-day. 90
Shipped previously --.--.-.@2fa1 I@51osd
Stock on hand at l2m~-.~--.,---.--- a,soe
Receipts per NJ. * c. r. r. Is bales; NJ.
&T.R.R., f2bales; NJ. & o. KR., IS bales;
Steamers, - bales; Wagons, 10 bales.
ExportsSer NJ. &C. r. r. 2G2; NJ. & T.
r. r. IS; ". 20. r. r. 25; Steamer 2ol.
\ Planter " writing to the MOntgom-
cry Mail asserts tha the cotton crop for
1869 viii be one-third less than that OF
1868, and gives the following reasons:
J.. The season has been most unfayora-
bic, The wet spring has retarded the
blowing and preparation OF the land, ana
in some instances prevented 1t altogether
until lately. The same cause has pre-
vented the same number of acres being
! plaAted as in 1865. The heavy blowing
| cau&ed hy continuous rains has greatly
fafidE he'd and worried h stock. The i'm
perfect blowing. given much Of time, has
a tendency TO dwarf the cotton plant and
make the crop grassy.
2 The labor is much less in numbers
- 49, Loot v~par Exnn-
rience teaches us hat every year takes
from the number and efficiency of the
hands. The women nave almost entirely
left the fields. Many hands who saved
money from last years crop. are this wear
| spending il in the enjoyment Of ease. OF
the others who saved money some have
gone "to farming to themselves" Now,
these negroes, while Valuable as
of society in tAeir sphere, do not produce
As much cottOnS when they worked with
. the large planter.
They produce moro corn, more peas,
moro potatoes, and less cotton than form
erlv. It is true they make as much, and
as good a support. as those who plant more
cotton; but they make less cotton. We
NAV safely assume that for every hand
who " goes to himself" that his pro
duction of cotton is lessened One-half.
Take the number of those who are play
ing gentlemen" and we find quite a de
ductiOn from h force Of ISIS,
Again. the natural decrease, made by
death, must be considered. The young
men and youths, who suddenly became
masters of themselves, diedslway i'll large
numbers from imprudencc and want,
soon after the surrender. For instance,
those at the camp, Just across the river;
and again. we all know how fatal the
smallpox was to the negro, in the year
1866. Disease and want nave taken away
the generation which should fill the places
Of the old and those who die. The in
crease does not keep pace with the de
crease.
,. The seed is very bad this year. Some
singular fatality seems 10 have attended
the efforts Of all who tried TO save seed.
Few planters have enough seed, some
have only half enough. The delay and
trouble in getting seed has put back
planting in some instances ut least two
weeks. The same cause. the r~Ottenness
/ of seed. will cause bad " stands" replant-
ing. and late crops. Tho worms get 2 fair
showing.
The Economist sByso of the condition and
prospect of the English cotton trade:
The condition of the English cotton
trade still presents the same features OF
dullness that have characterized il for
some time past. In Manchester, pro-
duction is limited 10 the supply of hnme-
diato demand. and manufacturers mani
fest an extreme unwillingncss 10 engage
in any speculative undertakings. They
are, for the most part, only working totill
actual orders, The market for manu-
| featured goods is restricted by The ex-
| treme caution of buyers and sellers. Each
| partv is represented as awaiting cOnces-
sions, and il was thought tina n slight
reduction Of prices WOnld lead 10 n more
active trade.
So far. these hopes have not been real
lied. 1t iss singular feature that, notwith-
standing the decreased production, there
is no p~erceptible improvement in the
market. The demand for consumption
does not improve, and the prospect for
| spinners at the commencement Of the
present month was disheartenfng. The
~diminution of production may be estt-
mated from the fact that from January ]
to May 1, 1869, the trade took 2l2,O00 bales
] of cotton less than during the correspond
ing period last year. The strike in Pres
ton and the other leading manufacturing
centsrs limited the supply of manu-
featured goods. This strike has been COM
promised since the 1st May. But there Is
little probability that there Will be any
Improvement in production. The ten
! dency of the market is to keep up the
price of raw material. As goods, except
| lb4 AlAF NNDDlh % dt1OA0AN NNiAA7f nv VII
| saleable at reduced rates, and, as the de-
mand j. extremely limited at presentquo-
t~stiOns, it will be seen that the market is
Just now full of difficulties. Spinners
! certainly cannot afford to make any con-
cession. The present rates of the raw
material scarcely leave q margin for profit,
and it is doubtful whether the reduction
that has been effected Of five per cent. in
wages Will stimulate tho market, and
cover the losses Of which many manu-
facturers complain.
1t is apparent that prosperity cannot re-
turn TO the English cotton trade without
a larger supply of the raw material, or an
advance in the prices Of manufactured
goods. OF the former contingency,
there is 10 present probability.
| As we have stated, the diminu=
ton of consumption during this year was
| DO. 900 bales less than last wear. The eN-
ports of cotton from England was 100, 000
bales less during the same period rs com
pared with last year, yet the stock in
hand and at sea was $1,000 bales less on
the LIST of May, 1869, than at the cores
/ bonding period in 1865. These figures ex-
plain why the price Of the raw material
has been sustained in the place of a small
demand in England and unremunerating
prices abroad,