Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-09-01
coTToN.

% The number of bales received in Mem
phis exceeds that OF lS60-70-by 4S,l52.
AT least one other Southern city has re-
ceived, relatively. as compared with re-
ceipts of former years, agreeterquantaty.
supreme ezcellenee OF Memphis as
market is not questioned. Buyers are
drawn hither by the infinite diversity Of
grades, and, sellers, by that perfect fair
ness which comedies 10 each producer the
exact value of his own property without
the Intervention of the averaging sys-
TEN, - by which "the good cotton on q
large table sells the dog-tail-3s Despite
these facts, the per centage of increase in
receipts is not relatively great enough.
The railway sys.em, to which Memphis
itself gave origin, is not wholly fauItless.
In fact, it would be very difficult for the
managers of a railway to promote b In
terests Of a city at the cost of those of the
company, which would be dom If the
company did not offer Inducements for
shippers TO send frelghts the greatest pos
sible distances over such roads. If u
roads offered Inducements to ship to
Memphis, neither highway has assurances
that when the cotton leaves this city for
the mandatory that IL will find its way
East Over that road. The river completes
with the land route, and thus when a rail-
way company once holdsthe cortoni IL must
pay the most possible; in other words, It
Is shipped the greatest possible distance.
The conduct of railroad companies and
the influences that shape their conduct to-
ward Memphis should be inquired into,
and it may happen that nan evils, palp-
able enough to commercial men, may be
remedied. 1t is certainly true that the
crop sold in Memphis has been greatly
lessened by causes which affect the man
agement of railroads rather than the in
terests of producers and merchants.
The following table shows b closing
quotations for MiddIing Cotton in this
market each Friday during h year;
Friday, September 3. Middlings, 33c;
September 10, Middlings, 3i@32c; Sep
TENDER II, market firm at 27H@2sc; Sep
TENDER q, Middling, 26&926%c-
October /. Middling. 24g245zc; October
s, Middling, 2fH@24Ae; october, Is,
Middling, 24G24He; October %, Middling,
24924He; October %, Middling, 24s@
24Lc.
November 5. MiddIing, 2f@24Ae; No
vember II, Middling, 22A@234c; Novem-
Der 10, Middling, 23Z@23Ac; November
Is, Middling, 23H@23Zc.
December 3. Middtng, 23Z@23%c; De-
cem5er 10, Middling, 23z@23Zc; Deem
Der II, Middling, 2SA@zfe; December p,
Middling, 23AQ24c; December 81, Mid
ding, 2925He.
Jan. Z. 1870. Middling, 24@24Hc; Jan.
"A. Middling. 24@24Ac; IAN. u. Mid
ding, 24H@245Sc; Jan. q. Middling, 24Z
@24Hc.
Feb. 4. Middling, 24@24He; Feb. IL.
Middling, 231z@24c; Feb. Is. Middling,
23H923Xc; FEB. Is. Middling, 22%923c.
Marcia. Middling, 2l@2l1zc; March IL.
Middling, 2O9201&c; March is. Middling,
2l1%G22c; March 25. Middling, 2lz92zc.
April l. Middling, 2iL@22e; April 8,
Middling, 22@22Ae; April 10, Middling,
21%922c; April p, Middling, 229221zci
April %, Middling, 2292255s
May 7, 21k@2lAc; May ID, 2292z7zc;
May q, 2l%@22c.
June 3, Middiing, 21H@2IAc; June 10
2OH921c; June II, I9H@2Oc; June q, 19A
@2Oc.
Jnly /, Mfddling, 1s1I919c; July z
1Sc; July IA, lSAc; July q, l714e; July
%, ISc.
August 4, Middling, 1sc; August IL
1sc; August Is, lSZc; August %, l9c
August 81, 1870.
The cotton from an area of country ten
miles in width, accomplishing the city
/ from Wolf river to NOncOnnah creek,
and extending beyond both streams,
produces perhaps 5000 or 10000 cotton
| bales. Imported in wagons, there is nc
possible means of counting the bales, and
Tot less han 5000 bales are ginned and
''packed' in the city. To this add the
number of bales made from samples,
These are found in the t'sheds" in sue
cessive months. The excess in the actual
number of bales over those shown to bt
imported by river and rail is readily &C
counted for.
Cotton Statistics.
We give below the receipts and exports