Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-11-03

Orleans on the surveyed route of the New
Orleans, Opelousas and Red river railroad
is $40 miles. The distance from Shreve-
port to Memphis by the proposed railroad
through Camden, Pine Bluff and Dsvalls
Bluff Is 292 miles, being 4e miles less than
from Shreveport to New Orleans, and
over this road cotton-the great staple of
all this section of country-win find its
way to the eastern cities and to Europe,
for the simple reason that g bale of cot
ton of 500 pounds can now be transported
rom Memphis, by way of Louisville to
New York, for IS so, and to Liverpool for
St3 90; time required 2 to 70 days.
The cost OF transporting a bale Of cotton
from New York to Liverpool by steamer
Is SIS so, time 30 to IS days. By sailing
vessel $40 o., time so to 81 days, 3 differ
ence in favor of the Memphis route to
New York OF 81 80 In freight, and from 10
70 80 days In time.
season we're 35c in New York, $50 in Mem
phis, and 32c in New Orleans; and the clcs-
ing prices were respectively zoe in New
York, 1910 in Memphis, snd I7Ac in New
Orleans.
The weekly average of prices of mid
ding throughout the last season shows
Memphis to have been q fraction higher
than n other market, as will be seen
from the following:
Memph1s.------2 69c Charleston-..-2.5c
| New Orleans---2.62c Savannah------&56e
| New York.-----22.O5c MObile------2.Hc
The average gold price of middling in
the Memphis market was 1875. In New
York 1t was the same.
II the Devslls Bluff and Shreveport
railroad was now in running ordsr. a 900
pound bale of cotton coul1 be transported
from Shreveport through Memphis TO
| Liverpool for $40 90. The cost of forward
ing q bale of cotton from Shreveport TO
Liverpool through New. Orleans by steam
boat would be about S26 90, and the time
from 80 to 40 days longer than through
| Memphis. The freight on a bale OF cotton
from Shreveport to New Orleans, IN con-
sequence Of low water and other obstruc-
tons TO navigation OF Rsd river, is quoted
at $40 90.
It is therefore reasonable to infer that
the great advantages Memphis holds out
as 4 cotton market, together with the low
cost and quick transit that will be offered
by the Memphis route from Shreveport to
New York or Liverpool, will secure for
the Shreveport and Memphis railroad the
transportation of all b cotton raised
adjacent to the line of the road, and q very
large portion, if not tbs entire amount, OF
that shipped at Shreveport.
The following estimate Of the quantity
Of cotton raised on land adjacent to the
line of the proposed railroad from Devslls
Bluff TO Shreveport that will seek trans
portssion over the said road, and the reve-
nue. TO be derived therefIom:
The length Of the road from Devalls
Bluff to Shreveport will be about 200
miles. 4 branch roRd from near the Lou
isisns State line 70 Jefferson, Texas, will
make the distance to Jefferson about the
same as to Shreveport.
There is no other railroad running Is
the direction of the cotton trade OF the
southwest within thirty miles Of this road
that will compete in the cotton business
to any great extent.
A strip of land the length of this road,
extending ten miles on each side Of the
line, would contain 2 675, 200 acres. Sup
posing o~ne-seyenth to be planted in cot
ton, and that zach acre will yield q bale,
which is q moderate estimate, the yield
will be Ss2, Ill bales. 1t will be safe 10 es'
timste that three-fourths of this number
will be transported some portion Of
the Pine Bluff branch railroad, and that
the entirs quantity will be conveyed over
one half the rosd. Thus 5S6 .62S bales cot
ton, hauled 100 miles at 81 O-$57S,265 %
will be a fair estimste of the revenue to
81 derived from the transportation OF cot
ton during the fret few years, but that il
will increase rapidly no one &C
qusinted with the country car
doubt. That this estimate Is not
exaggerated will be seen from the follow.
ing statement Of the Qusntitity Of cotton
shipped last year from the principal ship
ming points along the line: