Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-09-08
COTTON STATEMENT.

CHAMBER OF COMMERCE,
HEMPHIE, September Z, 1871.
stock. September /, ISL. 2,I76
Rec'd sinCslas statement, .
Resolved previously. 5O7- So
2,7Os
shipped since last st'msnt 40
shipped prsviouEly---...... 1855 1,I74
stock st noon To-day 1924
TIE New York Economist, whose estl-
mates LAST year OF the size Of the cotton
crop for the year just closed were remark
ably accurate, says: Respecting the pro-
ductiOn Of the crop OF 1S70-1 now coming
forward to market, the dasa are less relis
bic and satisfactory than could be desired
We have had the usual alarmist rumOrs,
aud an estimate by the Buresu OF AgTi-
culture Of 3 very lsrge falling on in the
supply. But experience shows that the
estimates and returns Of that institution
are not OF the slightest value. The facts
50 far do lot point 70 any large increase
on last years supply, but neither do they
warrant any estimate Of a decline. We
have nearly always reason TO anticipate
an increased supply of the staple, unless
counteracziug CAUSES, such as injury to the
crop by worms or bsd weather, interfere
TO prevent i. During the year that has
closed, We hsv had scarcely any authen-
tic news Of extensive damage by cater
pillars, 90 that the injuries are confined to
those caused by the westher. During the
lass couple Of weeks a eve storm on the
southern coast hiss no doubt seriously in
teriered With the picking and injured the
staple. We have yet 70 hear, no Eever. Of
she sctusl damages sustained. From the
other psrts OF the cotton area We hear the
usua huc.usting reports. In Mississippi
She crop u sad to be all that could be de-
.H-na - LA-#na- HaA.-Ha 81 -
and Western Texas, the drought has
caused extensive injuries. We hear OF the
devss5atiODs OF the army worm in por-
tiOns of Louisiana and other places. But
it Il 70 be noted that the injuries are near
" always exaggerated, while the fsYora-
bic news is held back. In view Of al the
drawbacks, we are scarcely warranted in
anticipating any considerable increase in
last years supply, but neither is any fall
ing on TO be l0Oked for. An estimate ofs
supply Of 4 100000 bales for the year just
commencing, would DO entirely within
the bounds Of probability"
The returns or the FinGHciaI ChrOaieLe
mp 10 September ], 1871, show g total re-
oeipt OF 4,609, 5O2 bales for The twelve
months, an incresse Of l,IOl, 1913 bales on
tile twelve months previous. The differ
ence in the two statemsnts-Of tbs ChrOn-
Sele and Of the Cotton Exchanges some
80. 600 bales, If the Florida cotton is in
cluded, or 70. 600 bales II IL is not. The ex-
ports for the year ending September l,
according 70 the Chronicle, have been
S,I64,765 bales, against 2,I78,9I7 for the
year previous. This would leave for con
sumption and in store e4S.T37 bales. Of
the amount exported, 685, $50 bales were
from New York, Of which Great Britain
took Ca, 048 bales
Monthly report No. y of tho Bureau of
Statistics, just sent to press, contains the
statistics OF Our foreign commerce for the
fiscal year, ending June 80. 1871, compared
The folloWilE comparative table shows
che mixed values OF the principal domes-
&c products exported during these re-
spoetive years: