Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-09-13


The New York Financial Chronicle,
one of the ablest and most reliable Of
the purely mercantile journals Of the
country, has just issued its annual re-
view Of the cotton trade ofthe United
States, for the year ending on the Slst
of August last, from which we gather
some facts additional to those pre-
scented by the 'APPEAL, and which
cannot failto be of value to the trade.
The Chronicle puts the total crop
of 1901 at 4,S52,317 bales, as fol-
lows:
Receipts So shipping ports-~.~---...4sUS2,l54
shipments from tennessee, etc direct
10 $50
4,a8L@
Manufactured South, not Included in
-..--.......---.-.- Slrz4U
Total
This result is IA, 68S bales less than
the predictions of the PicgyUne and
of many of the cotton men Of Mem
phis, who calculated on the crop foot
ing up 1850, 600, by actual count.
Compared with the preceding year,
the crop shows an increase of 1,197,371
bales. This, Of course, exceeds the
crop of any previous year, excepting
that of 1859-6O, which was 4,669,77O
bales. or 800 31 bales in excess Of this
yield. The average crop, for the five
years next preceding 1901, was p
$50, 345 bales; so that last years yield
shows an increase upon that
average of 1871, 972 bales. The
total direct shipments to the Northern
mills, including those to Canada,
amounted to DDS, 923 bales as compared
with 153,825 bales in 1s69-70, an in
crease Of 1908 bales. The total over
land movement, including that which
found its way to st. Louis, is given
by the Chronicle as 565, 919 bales. The
statistics Of consumption are given as
follows:
Total 9roJAfolf
Stock on hand, septl, $50:
AT Northern pOrts~.--40Is5
At Southern pOrts---------lOySsi
At Northern interior markets-----.- TU,LzS
Total supply during yesr.-.--- 4,s22,45
OF this supply there has been
Exported to foreign pOrts--S,looIiE
Seat to Canad by rail-. 5,6S2
Barnt, North and South $3.50
Now On hand. Sept.l, lS7l:
At Northern pOrts-----.- 50fso0
At Southern pOrts-------.s 4SsU4s
At Northern Interior mar
SstA'0-S'S@N10
iG United sis state 3 I,IOO.IsS
If iBeIn9 az Pin above totaI--o--a- 1920
Leaving taken by Northern mnls."-L.OOS,95s
This statement indicates that the
Northern mills have taken from this
crop 1,OI7, JAG bales and the Southern
mills 9 l,24O bales. Comparing these
figures with those Of the preceding,
we have the following:
IS6s-ss. 1890. Is7O-7L
Bales. Bales. Bales.
miIis.r~-.-~--9s,SO6 SO8,s60 L.OOs. s58
@ihs--.--- so,O0O $1,000 eI,2iO
1885 sS6,s6o I,IOO,Iss
during yesT--.- $1,000 ....-. s0.75O
AEEAAaAAAoA - hill - IN
during year--...,.--. ----- $3.50 .--
- - -
Total consumption Of
mils..~...-......---94s , SOS s39,7S6 l,0l9 AS
The above shows a very gratifying
increase OfcOnsumptiOn by the North
arn mills, which it will be seen
took 200, 600 bales more than last year,
and 10000 more than in $685.;
whereas the Southern mills only in
creased their consumption 1910 bales
more than last year, and 11,240 more
than 1858. This, we confess, is any
thing but melting to the friends
IF manufacturing enterprises in the
and proves that, notwithstand-
.ng the encouragements of fat divi-
the Southern people r not
prepared to enter upon a career that
promises more profit than "rais-
cotton VIII ever bring them.
A detailed statement of the exports
or the past year, compared with the
last year, shows that the
}, l66, 742 bales sent abroad have been
distributed as follows.