Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-10-02


TheSecretsy Of the Chamber Of Commerce
has counted lie whole Of the cotton IN The
sheds and Ill- that the running statement
vas Isl bales behind actual recelpts- very
close crelltable 20 the Cham
Der 9t Commerce. recond-and thai amount Is
el.T added In The figures above.
One VI our active cotton buyers, Mr. An
ar-H- yesterday received Intelligence OF an
advance lu ueights between New YORK aud
Liverpool amounting i9 $ per bale: the rate
was u q pound BE- i now "a per pound. The
Nea YORK Bulletin says Or heights: There
Is present s. great degree OF activity prevail
ing ia coa-tH1se lnelghs, which gives mu EN-
asl ana sSu ne s5 Is 99u1 @f st sssSmsa 959
storage capacity Of the southern sea
ports he urgent inquiry for trans
l~or-al0u has caused the steamship COM
These ports and their vessels only remain "a
-li-clrut TINT al The docks 70 dischanze and
Auarlr.ln have recently been working all
4a3 anu night 10 LuLsh pressing the heavy
mount OF cotton awaiting TRANSPORTATION
charleston 81 said 70 be al present the most &C.
steamers from that city 10 Boston. baltimore
ana E~l4-H1eLpAld make their trips both WAYS
ilA ~ every part, and the rush seems % Be
-4t increasing The other southern ports
are AEeNise ful o. business. not only caused
.g lne Shipment OF cotton, but also general
Tn New Orleans P~icqg1lac thus define their
cotton ass0ciauo.- The Cotton Exchange IL
ese iAa4t aucNe a oclaliou- zach member
20 L- Joy .N- "a -a.. per hlLAm EELH the
eenelt % a'IN worth q Geographic news
The hole trade has combined To obtain an
LpL bearing upon the staple, es-
Ia1-l,n u1Hofm rules on disputed points and
settle mootel questions appertainlng 10 the
0u-LDess-
Tie following. from q Union street. Factor
AA 1SeA BANDED as for publication:
MEMPHIS, September %, lsz2.
EpIrOEs APFEAL-ATe there brokers visible
In t1e general outlook Of our cotton marketf
Al seem pretty vel agreed that this crop
VIII De short esrlmafes ranging from three TO
three and a half millions bales. II viii an
sWer our purpOse 70 say the crop VIII not ex-
coed three Millions. on this basis almost eve
~ man. white aud black, ia the south. wants
% hold cotton Tor nigh prices and would sell
only r. few bales % satisfy present demands
thus holding nearly every bale they produce.
Not c9ni-uLe1 with this money merchants
and plauters IN every section Of the south are
sending large orders % New York 10 buv cot
tga f1r future delivery, for almost every
month during The season. principally how
ever, iOI January, February, March and April
az The rate Of fr1m Two - m1een thousand
ba-es per day. a. thlsrats BY the 1mt Of Jam
uary they would take about one million bales
for This small Investment the people Of the
-oulh pay New York one and a half million
dollars a.. a commission for making the in
Nesimeulr besides sending % New York as
margin I'VE millions Of doLans cash, 20 start
on TO De increased asueeQea- VIII now
assume that out % our three million crop We
shall receive By January Isl one D . bali
million baies a. the ports, win The remaining
fol shipment Now, Of this one million and "a
halt exporters would take, perhaps, seven
hundred thousand, our home sPinners would
take three hundred thousand; this would
leave ul the porte on the first day Of January
ueNt q stock 81 nFe huldred thousand bales.
Add 10 shis the remainder o. Tie crop ia the
Interior alQ Ll t~ralsltu, and Il gives you I've
4ulAuHn bates % actual cotton Now, YOU
plea e, add - this the one million Of contract
cotton already purchased by southern peo-
PIE % De- received, 81 need be, and paid lot
among The next four months. Taking this
view Of IL The south would. practically. on the
nrsi day OF January next have for sale three
million bales OF cotton. Does any sane man
Imagine Tor a moment that foreign spinneTs
and -speculators would not discover this stale
OF facts and use every means a. their com
maud % break the market down and produce.
81 possible, "a panic and The result would be
that the South would be forced 10 unload al
whatever she could get, II 10 Wa only tau
cents per pound some q your readers may
think this future business oVendrawn, boo Ne
know whereof We speak, and could name one
factor In this city who has orders from bis
custOmers Tor two Ulo4.t4a bsles Of futune
cotton 10 be purchased IN New York: and
many other facbons vita OFders ranging from
one hundred 10 one thousand bales. We pre-
sauLtnese facts una figures not 90 give NORMA
ton OF display great foresight, but, in possible.
% set our people 10 thinking On this subiect
u NAV be the means Of ayeriinu q great ca
lamity from our section Of country.
Respectfully yours, FACTOR