Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-09-01

that year was nearly 2SH cents per pound,
against 24K cents the year before. This
average we and in the New Orleans
ReayUne, good authority made up
from the annual report OF the
Bureau OF Statistics by dividing the
total vslue Of the upland cotton exported
bv the number Of pounds tthe exporst
for 1859 being ]. Ass, 7S9 bales, and in 1869
20 ISL sos baies). The year 1901 opened
in the midst Of s bloody wal between two
o. she principal consumers o~feOtton. An
addition to the American crop Of 100000
bales added to the depression, and the
lowest prices during the WAT have been
reached. Theaverage price being l4l &c rer
pound. When the total exports are given
il will probably average l6c, showing ade-
cline Dixie per pound compared Win the
previous year, or bouts 81 pei cent, Where-
a. the crop increased nearly 81 per cent
The low price has greatly increased the
consumption of cotton goods, and cut
small part of the increase In last years
American crop is left to swell stocks from
which spinners may draw their supplies.
ON Saturday last the stock Ia Liverpool
was only T5,O 900 bales larger than a. the
same date in 1870; the American cotton
sfI9at was less thar last year, and the sup
plies At our sesports we're only s 5 5000 bales
isrger than last year. On the other hand
thec crop of India is coming out more FREQ
~ than expected, the amount ahoat for
Europa from hat portion Of the world on
SATURDAY. last being 668. 40f bales, compared
with 5I2, 255 at the same period last year.
Il was thought that the India crop would
be largely carried over for bstter prices,
but such has not been the case. It's better,
hoWsVar. that these cOtbOns should come
to market, tor they will tend TO keep down
prices early in the season, and postpone
any material rise till 8 later PERIOD ibis
will be much better Tor the mercantile
eommunity. and about as satlsfsctory 20
. plauten The movement of cotton TINS
vesr overland direct to the mills has DeSn
very large, and there has been q proDaoie
. Increase in the amount Of home con
s1mDtio7 of fuUy 100000 bales. The in
creased consumption by the Southern
mills being 5000 over last year. me
only crop larger than this in number OF
halss wss that of ls59-e0, which was A,oIo,-
"a. The average weight Of q bale OF cotton
hat wear was 457 pounds, which would
make the crop 2l36, 725,s9 9 pounds. ms
season the average weight OF bales has
been considerably in excess OF the IoregO-
ing. A statement was published not long
since, setting it down as 464.4l pounds.
This we think a little too low. Tde aver
sze At New Orleans snd Memphis justtnes
Az Mounds 10 the bale to the whole crop.
This average weight per bale would bring
the crop to 2, 0S2, 100000 pounds. here -
therefore, only q difference OF o. o. sSsV
hounds, or less thar four per Q IN
favor of the crop of 1880, and the total
NAV possibly turn out as large.
In Memphis, on the LIST of September OF
1870. We had 8 stock on hand of 42S0 baless
to this we have to add receipts amounting
to the handsome total OF sos, 455, making q
grand total for the year OF 5l5.535, the
! stock on hand remaining being 2l76 bales.
| OF this we exported by the Memphis and
| Charleston Railroad $3.50 bales by the
Nississippi and Tennessee REilrosd $50
| bales: by the Memphis and Ohio l5S, 40;
| bv steamers NORTH PA. 40, and south, So
/ CS7. Below We give 3 comparative state
/ ment Of the receipts and exports 20 and
I from this city for corresponding dates IN
! ls59-7O and IS70-1: