Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-05-27

Low NluulluEt 80 AAu4llu4, ZZcs UODu
do, 24c. Sales 10 spinners, 81 bales; 10
spectators, 3l2; for export, 1888; also,
800 for July at 22lsc; loo for October al
1910; 100 for May at 22c; 30 for July at
2Zisc; 400 for July at 22+c.
COTTON II LIVERPOOL.
LIVERPOOL, May %, II am.-Cotton
opens dull and unchanged; Middling Up
lands IU7sd; Orleans Ill,GII4d.
3 p.m-COttOn quiet and unchanged:
Uplsnds lO7sd; Orleans llZ@llZd.
q p.m.-Cotton closes depressed and
easier: Sales 10000 bales, of which poo
was for export n speculation. Mid
ding UpiaHds lO&@IOTsd; Orleans u@
lllsd.
The New York DaaU Ruletin of the
23d says Of the co~tton.trades
The current receipts of cotton leave lit
tie room for doubt that the highest esti-
mates of the extent Of the crop will be
realized. The receipts, from September
1, 1863. TO the close Of last week, reach
2,Il9,UJ0 bales, against 100000 bales for
the corresponding period of last year.
showing an increase of 30 per cent. There
remains but 2sl,0OO bales yet to be re-
ceived to bring up the crop TO 3.OOO.OOO
bales, which would require an average of
10000 bales per week from now to Sep
TENDER LIST. Considering that the aver
z arrivals for the last five weeks have
been A. 800 bales. and that those for last
week We're 1900 bales, the question is not
50 much whether the receipts for the re-
maiuder of the c0.ssG year will reach.
this 10000 b8les, as whether they will not
exceed that average, and 50 carry up the
total crop beyond 3.O0O.OOO bales. Last
year, the receipts between Nav 10Th and
September LIST were 43O.OOO bales. or an
AVERAGE OF $4,000 bales per week. The
same ratio II receipts for the same period
this year would bring up the total crop TO
about 3,I40,O0O bales: 50 that We may have
a liberal falling OF ia the arrivals for the
next few weeks and yet Fe9lize an aggre-
gate crop OF 100000 bales.
The stock Of cotton at the interior has
declined from 81, 100 bales on April lst,
10 So 100 bales on May 10Th; the decline
during the same period of last year was
from 1900 bales 10 l,5O0 bales, from
which it will be seen that the reductionis
much less this year than last. At pres
euJ, the stocks at the interior are $500
bales higher than a year ago, which is an
indication in iavOr of he future receipts
being we'll sustained, as compared with
last year.
At this season, there is necessarily
much uncertainty as to the probabilities
OF the growing crop. IL is generally con-
coded that the area planted materially
exceeds hat of last year. Yet, at the
ssme time, there are possibilities, con-
neated with the weather, which render it
uncertain whether the labor supply is
equal TO perfecting the wholecrup planted.
With rainy weather for the next two
weeks, the growth Of weeds might prove
80 heavy thai sufficient labor could not
be secured TO clean the land, and in that
event d certain portion of the crop would
be lost. The Financial Chronicle very
properly remarks:
There is an evident disposition to look
al the area planted and then pass directly
e TO the autumn, and with line weather
AT that period to expect a large yield;
whereas, unless we nave a favorable sum
mer. 50 that the cotton may come up and
develop even, and chopping out and first
and second blowing and cleaning BE-
timely, the labor supply would find il
imp1sslble to handle the crop, and 10
would be short, Notwithstanding the u
tumu was splendid and 10 frost till Jan
nary. Hence We say the first question
must be. what is the nOu of land uu-
der cotton taken into the middle Of July
IN good condition. Settle that point, and
then one very important step in the pro-
4resS OF the crop has been secured. But
The planting Of more or less land is, with
our present supply Of labor, of little sig
nihcauce until that point is reached"
Assuming that the weather should
prove in ali respects favorable, and that
The crop suffers only 10 the average ex-
tent from the worm, there can 10 little
doubt that the yield of the new crop will
exceed that of 1920. Under amy cir
cumstances, it can hardly be reasonably
expected 10 prove less.