Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-09-01

books are opened, and those of the old
are closed, enabling a complete statement
of the number of bales received and ex-
ported, with the prices obtained through
out every month of the year. At the
time this statement Is made, the market
Is almost entirely bare, with but few addi-
tional bales in the country to be computed
with the last years crop. The season is
closed, with not mach greater number Of
bales on hand han were left last
year, when the number estimated did not
exceed forty-seven.
By examining the comparative table we
present OF receipts and expectations, it
viii be seen that the number of bales
do not come up to the quantity of last
year by some 5000, in round numbers;
Yet there is no doubt Memphis was made
the entrepOt of a larger scope of country
than in any preceding year. There were
several potent reasons for this result,
which may as well be explained here as
elsewhere. That cotton, heretofore ship
ped to New Orleans, sought Memphis as
a market, arose from her central location,
convenient to all points, her railroad and
river facilities, and the integrity, energy
and enterprise of her merchants. That in
the face of this there should be a falling
of in the receipts, might appear marvel
Gus, but a similar, and even greater, re-
duction was visible to a much greater ex-
ten at charleston, Savannah and Mobile.
The statistical returns show Memphis to
be the third in Importance in the markets
of the South, having been largely behind
Mobile, which she now exceeds by some
25, 600 bales, Savannah being the second
in rank. There is another potent reason
why there should be a falling off in the
receipts here, which merits attention.
While in the previous year exclusive at
tention was given to the culture of cotton,
the planters still depending upon their
merchants and factors for all supplies,
realizing the high prices to which they
were subjected by this dependence, and
drawing knowledge from experience and
the necessity of economy, they turned
their attention more to the cultivation of
the cereals, and the district of country of
which this city is the legitimate commer
cial center, showed a larger acreage thus
employed than in any previous year. 1t
cannot be doubted that his experience
will prove even more salutary with each
progressive year, as the planter, while
producing enough at home, for home con-
sumption, realizes the full benefit of the
great staple he may raise, which he is en-
sbled to sell for cash, without the enor-
nous drawbacks heretofore incumbent in
order to supply the wants of his planta-
ton.
We have not undertaken to survey the
whole field, comprising other markets.
combining ourselves to that Of Memphis,
believing that those interested will find
every thing they require in that direction
embodied IN the annual statistical report
OF the Chamber of Commerce, which has
been prepared by the Secretary, Mr.. VIM.
L. Trask, with great care and accuracy.
present a Comparative Table Of
Monthly Receipts of Cotton for the past
three seasons, which viii prove couve-
nient, if not valuable, to those who desire
to institute a comparison or contrast be-
tween the present and the past, as a basis
Tor future speculation:
T,prE or DPCEr Or or Corrov