Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-09-21

Dn-ing six weeks in December and
January last prices of cotton were higher
in this market by Z to l3c. per pound
than in New Orleans. Only FOR q lew
days at any tiIno last gesson were prices
here below quotations Va tbst elty, ana
then never more than ! to &c. Specqiar
tors who bought and shipped for resale
ia New Orleans in several instances sus'
tanned haayy losses, and cotton producers
from great distances have been attracted
by these facts, and will hereafter ship to
this city. The planters Of Yazoo, Talla.
hatchia aud Big Black valleys, and OF
Eastern mis1issippi, together with
large area of Western Arkansas, are
abandoning other markets and giving
preference to this. So clearly haze the
superior advantages Of Memphis been
demonstrated, that planters Of Western
Mississippi have determined TO construct
costly railroad to have access to US.
Even without this road large quantities
of cotton reach our city, brought BY
wagons to the nearest railway station or
river landing. The care with which cot
ton is handled here, and the wastefulness
practiced in tbs warehouses snd picker
les ofaiother cities; the fact that no
brokers' commissions are charged, and
other expenses greatly lessened; and that
marine insurance rates are below those
charged elsewhere, are few of the con-
alterations which will induce a much
wider scope of country to ship to this
port daring the coming season.
Every indication strengthens the opin-
ion that high prieeg will be sustained
throughout the coming seagop, though
decline from present figures is expected.
The latest accounts from Liverpool give
the total stock at that pert, ct London
ana at sea, as 935, 470 bales The demand
for consumption and export OF GO, 900 per
week would give supply until the Sec
ond week in NovemS2., and leave a
supply on hand Of that time of 1886, 'n
bales. The average weekly demand for
consumption and export since January
last, has been 1851 bales. The total
stock at Liverpool on the 10th Of August
was 227, 500 bales, of which l05,470 was
American. The total at sea $50, 900, of
which rs, 600 was American. The num-
Der of bales Of cotton produced in the
South in lS69.70 will be governed mate
rally by the picking force employed.
Not more than $500 900 bales can be
gathered, and some of the most intelli-
gent factors and planters say the crop
cannot exceed 100000.
MEMPHIS AS A RAILRolD CENTER.
The Memphis and Charleston railroad
maintains a successful competition with
other lines Of tgsyel connecting Memphis
and Eastern cities. By wise manage
ment and the employment Of through
trains, the route through East Tennessee
and Virginia has attained increased pop
ularity and conveys immense quantities
of freight. By this road during the past
year. G3,072 bales of cotton we're re-
ceiyed, rs yell as large quantities OF
freight from Balhmore, New York and
Europe via Norfolk. The exports OF
cotton we're 1859 bales, against yO6s
bales the previous year-an increase OF
mora than %, 600 bales-proving that the
route grows in favor with shippers Al
though the receipts OF The whole year
SI.ls2. f59 22-show but small gsin, the
results of the past six mouths promise
we'll for the frtprs, there being gain Of
$l06. 480 OF in receipts over the ceres
ponding period Of the presioGs year.
The reduction OF expenses has been S4s,-
SCI SO. and The total increase IN net
earnings $50, 4O6 6S. i
Tho Memphis and louisville railroad
brought Us 80, 064 bales Of cotton against
34,l94 the previous yeag-sl increase OF
b.759 bales. Bv it were exported from
Memphis &c. 1O9 bales, and from Hum