Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-06-02
COTTON.

There was an active inquiry tor the
staple to-day at 2lAc for MiddIhg4s
slight decline from prices offered yesteT-
day. The sales were light, only footing
up 39l bales, and generally in small, scat
tering lists. Several buyers were not in
cIined to go over 2l1ze for Middling, but
seemed disposed 10 20 in and purchase
freely at that figure. Holders are gem
orally firm and mdisposed to make con-
cessions. The continued ~unfaYorable
news from India causes a stiff feeling,
Notwithstanding the heavy receipts and
indications of the American crop footing
up over 5000, goo. Among the sales to-day
were 70 bales Stained at l6qISc; &C Good
Ordinary at ISe; 12s Low Middling, 2I@
2ILc; 20 Middling, 2IAe; II Strict Mid
ding, 23a22Hc; I9 Good Middling, 22I!c.
A few pick up lots changed hands at
prices slightly under the above quota
tions.
The next annual statement Of the cot
ton crop of the United States, to be made
up in September, will include the CON
sumption Of the cotton-growing States,
derived from actual returns of Southern
cotton mills. Statements of former yesTs
nave not included this item, and by its
addition the total crop and the production
OF the country Will be identical, while the
exact proportion of consumption in the
States south as well as north of the Ohio
and Potomac will be correctly a-scertained.
The New York shipping and Commercial
Lit, whose tables are carefully prepared,
and are looked to with much interest for
their accuracy, nnOun their intention
of pursuing this course in their next an
nual statement. The figures made up
and forwarded TO them from our Chamber
of Commerce last September were of ma
terial Importance and value in summing
up the aggregate crop Of the country, and
all other statements were alterWard re-
vised and arranged from the figures made
up and forwarded from here. In fact,
they announced that it would have been
impossible to have made up a correct
statement of the crop of the country with
out the assistance rendered by Memphis
figures. They now look to the Chamber
of Commerce here as their only reliance
for correct returns of the movements
and shipments of cotton from the South
west, and without them an accurate state
ment Of the past years crop cannot be
arrived al.
Regarding the cotton prospects in In
dia, which at this time is a matter of
much interest to our readers, we make
the following extract from the New York
Bulletin, clipped from a Calcutta paper.
The boil worm is far more destructive in
India than in this country, and when fas-
tened upon a track of land, appears sue
cessively, year after year, unless the eggs
are destroyed by sun or rain and The land
LEFT idle for a time. The planters pros-
pscus Of hat country are far from eneour-
aging:
According to the latest returns from the !
ceutral provinces, the cotton crop of the
present season is likely to be bad in quail
ity and deficient in quantity, nOtW1th-
standing the Increased area cultivated. |
The increased produce Of the northwest
ern prOvinces-nearly double that Of the |
previous yesr-may help to make up the /
bulk Of the crop to the same quantity AS
last year., but the best Indian cotton is
the produce Of the cent al Provinces, and
a deterioration in Its quality is likely %
prejudice the other descriptions Of Indian
cotton. The cotton croph suffered dur
ing the psat year from several causes
damp, rain and red fly, andthe boil worm
being the principe. The damp and rainy
weather in December, just as the plants
were in boil andin blossom, spoiled the |
color and knocked OF the flowers. More
rain followed at The beginning of the
year, and again on the 18th OF June, |
further increasef the damage al
ready done. DURING the damp weather
tue process Of cotton cleaning is also /
stopped, and-by his delay The cotton is
injured. Up TO the end Of January the
amount sent forward was only 1881
bales, against 70,l75 in 1863.