Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-03-03

bales; receipts, 2475; exports, 40.
COTTON IN LIVERPOOL.
LIVERPOOL, March :, 3 p.m-The de
preston in the cotton market here con.
tinues, and prices are again lower. Mid
ling uplsnds on the spot can be bought a
lid; 70 arrive at l0l.d.
Wegive place to the following with
a view TO the defense Of the Buy,
ers," but not because we T at issue
with the 4UdlU3cbe upon the point:
mentioned by our correspondent. We
suppose it perfectly legitimate fol
buyers to /" reject" cotton for any rea.
son that is a good one 10 themselves,
and that Is reoOncilable with the rule,
governing the trade. ii, because gold
has declined, well; if because Of false
packing, well. But buyers" should
not buy and reject afterward when
they find that gold has declined, OF
that the market viii not hold up until
their purchase has reached New
York.
Editors Appeal: In the commercial
editorial Of the AU0Jdnche of the Isl
instant, we notice that the writer
must be under some misrepresentation
IN regard TO the buyers Of cotton in
Memphis. He says that the cause OF
the wholesale rejection by the buyers
is caused by the decline in gold, and
by the general dizziness in the market,
70 bring up the buyers Classification
by rejecting. Now, Messrs. Editors,
this Is a very useless accusation, for
1t i pTOVerbial in this market that the
majority of the buyers are fair dealing
men, and it is aisO evident that the
wholesale rejectiOns Of there are SUCH
are caused BY false packing lcOnsid-
cred before the war; as bad 8s horse
stealing, and was punishable by Law
and the penalty vas extreme. 1t Is a
Well-knOwn fact that all cotton is re-
iected Tor a Just cQllSe-either because
il Is misrepTc5euted in the sample, OF
because il is false packed, Or mixed
hacked, which should be one and the
same thing. And the writer Of the
Aforesaid article is a long way behind
the times if he suppOses for a moment
that the cotton sellers are such a SbOD
ret TO altar any reflections except for
a Just cause.
We do not write the above except
in Justice 70 the cotton buyers a. well
as to the sellers, and we really think
that the writer Of the aforesaid article
has Internationally impugned the
characters Of our business men for fair
dealing and keeping the spirit Of a
contract. SOLUs.
The attention OF the trade is direct
ed TO the following communication.
As 10 the charges of " crazlness' al
leeed against our friend ." u. NOmi-
nsl.n we have only to say that he IS
far from such a condition, and is con-
sidered a 8 pretty shrewd, sharp sort
Of feIlow.D But there are always two
aides to a question, and so we give
+" ShoO-Fly" a hearing:
Editors ADpeGt: In your issue OF
the 9th February we observe an arti-
Gle signed BY one d. Nominal, " and
upon this all-absoTbiDg topic We
would give Mr.. d. nominal a bit
OF our mind. If crazy men are per
United to use your columns as g" ID.
Nominal is, what do you think the
country will 90 TOP Now. my dear
sir, L acknowledge myself 4 little
crazy about some things; but, good
God! this " ID. Nominal" must be an
escaped lunatic. He runs the crop up
to 3750,0 600 bales, and puts middling
0oWu " w anu GLt5 ~ rIEf III hn
crazy imagination, untold quantities
of cotton yet to come to hand. Why,
air. / am IN close conversation with
every individual farmer and cotton
0roWer in the the United States. L
Know exactly how many acres have
been planted; exactly how much cot
ton to the acre has been gathered, and
7 know to a bale what the coming
crop viii be. You see that 1 am a
great statistic medium, spiritually
sneaking. and when 1 am Ell rapport
with subjects, then, and only then, 1
am master o. that subject, whatever it
NAV be. Cotton and its tributaries
came I'D at the last meeting Of u
few believing friends; and oh! my
friends, what a vast field, what an
incomprebensible subject to a common
mortal is cotton and its tributaries.
WHY, bless my hearth / saw last night
millions of spindles running-thOu-
sa1ds of poor, halfstarved operatives
tending machinery; hundreds Of own
ars at mills all looking anxiously for
the la1est account of the crop. "Hav'
cIueked enc cid grizzly; 81 wsHdsr if