Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-09-16
FINANCE AND TRADE.
OFFICE OF THE DAILY APPEAL,
MEMPHIS. September Is, 1870.
THE COTTON CROP.

reaEe fAosfSo I
After making the necessary deductions,
there is left for home consumption, North
and South, 954,s42 bales. We have put
down for Southern consumption $4,000
bales, which includes 1900 bales taken
for consumption in Virginia and COUNTED
in the exports from that State, leaving
for Northern consumption SSH bales,
against $40, ~ in 1853, showing an IN
crease Of II, IL bales.
From a letter dated Ist instant, received
from B. +, Nourse, Esq, Of Boston, Chair
mar of the Statistical Committee OF the
Manufacturers and Planters Association
Of the United States, an increase OF one
nar cent. in Northern consumption IS as
sumed the past year over that OF ~1ooo-oS,
which shows an increase OF S401 bales,
thus making, according 10 Mr.. NOurses
assumption, the past years consumption
$40 I27 bales. ON figures show the NORTH
orn consumption the past year 70 be Sn2,-
$40 bales, a difference OF only STD bales.
Tine vaiue OF the crop of the past year
usS9-7O NAV be put down in round num-
hers at 1925, O00, 600. Thisimmense amount
OF money has been Of incalculable benefit
TO the entire country.
The summing up of the crop, as ueFei-
onad in our statement, exceeds the esti-
mates of the most sangdine in the early
mart of the past season from 3 haif 10
Ihree-uuarters of a million of bales, when
Droves the utter fallacy of the many adj
vance statements OF growing crops, when
are heralded throughout Europe \ the
Northern States fer the purpose OF Affect
inc nrices- Such statements work great
injury TO the planter, as wen as 10 the
buyer and consumer.
THE EUROPEAN SUGAR PROSPECT.
A correspondent in the London En-
ropean Mail for the West Indies SAYS;
- is an. interesting question what lnnu-
ence the war is likely TO have upon the
sugar market. Mincing Lane Is gloomy,
and prices low, and this state OF things
viii nrobablv continue until deliveries
began to have a ~perceptible influence
uDou the enormous quantity IN stock.
Rut the withdrawal OF labor from the
beet districts of Germany and France,
and, il the war continues any time, the
partial destruction of the best industry
which must ensue, ought TO stimulate
prices, People who recently arrived from
n~Iadgebure, the headquarters of the beet,
state that the want OF labor is beginning
to he seriously felt. This must, TO some
extent, increase the cost of production, II
IL does not seriously interfere with the
quantity produced. OF course, every
tulug depends upon the duration OF the
war. Cane sugar would continue, prOba-
bIy. to be shut ont from the ZJliverein,
but France might take more than she
does at present, and the competition OF
the beet in the English market might be
aIittle less formidable to the friend of the
cane. To refer to another point, b eX-
perience of the last few months has made
IL auite clear that the new scale Of duties
in The country is highly unfavorable TO
low West India sugars, some parcels OF
which are positively unsalable-even re-
Auers turn up their noses at them. The
truth may as well be looked right in the
face at once, and the moral OF the wEole
that great economy must be used IN the
expression OF the juice, and that West
India sugar, which Is now technically
called low must be sent TO market IN a
more ~presentable state. If the battle is
fairly fought, the came viii prosper in
the end"
THE IRISH LINEN TRADE.
The Belfast Ireisnd) Linen Trade Cir
cuJ1r of August I'D thu describes the
Irish linen market at that date: yarns:
Something more than mere Quietness
prevails in the market. Seldom has 1t
occurred that the absence of all ANNA
ton in demand was more perceptible
thar it was during the past week. Bust
ness transactions were not by any means
sufficient to absorb production, conse-
duently stocks have become considerably
Increased. Warlike complications have
completely suspended for tho present all
trade with the Continent. Prices of lines
are irregular and declining; the range Of
ordinary weits have been freely offered at
IS Ga per bundle. lows have not under
gone any change. Spinners, being some
what %sanguine as TO the future, are there
fore less disposed than they otherwise
would be, 20 make concession in prices.
Liusns-Brown, POwer-lOOm: Inquiries
were numerous for light linens for bleach
ing, but business resulting Was by no
means extensive. Stocks continue TO in
crease. Transactions have scarcely been
sufficient TO test prices still manuiac-
turers seem anxious to sell, even at a
slight reduction on current rates. Bust
ness accomplished in heavy lines was
very limited. Stocks are on the increase.
No change in prices. Very little business
transacted in cloth suitable for the foreign
clothing trade; still some few orders ap-
psared. and, where suitable goods were
o~btainable, good prices were realized. In
linen haudkerchiefs, demand not active,
production bsing still small; stocks are
not extensive, aud prices not fully tested
Not more han a merely moderate de-
mand prevailed for cambria handker-
chiefs, at late rates. Not much doing IN
diapers; stocks not large; prices unal-
tered. Damasks were neglected; stocks
show but little alteration, production
being still small. For drills the demand
continues moderate; stocks have slightly
increased; late rates are pretty well sup
ported. Linens bleached and finished
Home trade: Although demand was
principally to most actual requirements
vet, on the whole, the business OF the
week was satisfactory, taking the season
and the general state of affairs into &C.
count. Continental trade: Ofeourse de
mspd was the reverse Of active, but was
quite equal to what might reasonably
have been expected under existing cir
cumstances. American trade: Lates
advices from America announce that tn
prospects are good OF a Jar iall trade
which. however, has not as yet opened
although, with it IN view, inquiries wer'
numerous, without corresponding results
stocks have become increased. Price
rule tolerably steady"