Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-04-29

As the weeks pass by, M deficient nature of
the cotton crop, As compared with the wants
of cotton consumers, becomes more and more
Striking. The consumer and their agent are
Striving with most ingenious distortion %
conceal the di~sprOportiOn between what their
wants ere. and what Nle supply Is. The New
Orleans Picoguue has undertaken TO uutwist
some Of the wood spinninES OF those who
want TO get hold Of all the cotton they can
before the baroness Of the suppIy-in all its
l-nadequacy 10 meet the wants of the manu-
facturer-becOmeS too evident for the sim
plest TO be in doubt. The Picdy1Re, taking
up a skein OF SpeciOus logic spun by the Bos-
ton AducrftsCr, Intended TO induce a belief that
Northern Spinners haNe in hand, or readily
Obtainable, all the cotton they want, proceeds
TIT Boston paper assumes that the spinnerS
have 10000 bales on hand, and shows that
they want 81 90 more OF this seasons crop to
supply the needs OF the season. What the
mills have thus far received Is easily obtain
able from the returns OF receipts and exports.
This season overland receipts VIII certainly
not exceed l7500 bales, a. can easily be shown
By the rail shipments AT interior points 10
date. If the overland receipts at the mills
have been lo,0U bales up 10 this time, the
total takiugs OF %Spinners since the commence
ment of the commercial year have been
68,0O bales Their requirements being l,Go,-
90 bales, they have yet 10 buy SFyuO bales, Of
which $3.50 viii 90 overland, and the other
362-OD bales will have 10 be taken from the
seaport. The receipts at the seabOard for the
next ten weeks viii scarcely average 1900
bales per week, by which time the crop viii
be about all in. Tie amount yet 10 be mar
htltl cannot tAEttu -f0flVJ udltsf AlCluuAHI
overland shipments. The total supply
will be S,54lg0 hales on a close es-
innate: Northern spinners viii take
$500 bales up to April 18Th, the
foreign exports for the same time will be
l,1lG,dQ, making 2,S0,70l, which taken from
the total supply leaves 7@,S0; If from this Is
subStracted the 81 90 wanted by the spinners,
only 3l6,SO Is left for export. The Pto1yUne
saysin conclusion: at is seen that the de-
mand for home consumption is large enough
10 take every bale of 1.-THE cotton that viii come
forward between this and September lst, leav-
ing the foreign demand only present stocks at
the ScabOard to work on, a large portion OF
which is already bought. should any ealaIn-
lty befsll the crop, or prices begin TO advance
rapidly from any other cause, cotton would
undoubtedly be held back, and the surplus
be smaller than we have estimated. We have
said nothing Of the 5000 bales held as stock
by the mills al the beginning Of the year. This
will be required 70 put them through the
month OF October. TIT figures certainly war
rant increased confidence in cotton circles
and IL they do not assure a material advance
IN prices.pneclude the possibility OF adecline. Z.
The New York kilograms were better, the
market opened with a lower QuOtatlOni &3scf
but soon returned 10 the previous figure, SIC,
and closed at SSsc. Liverpool was quiet at
lid, and New Orleans sustained its late ad-
vance. In our market the buyers generally
were entirely inactive, but a foreign buyer
neglected, and which have been quoting at
relatively low figures in consequence. The
following h an aggregate Of the sales reported
10 as: n bales at I1c, inferior; l3 at SIC, So
at l4c, low ordinary; l2 at ~ &c, p at 1915, 81
at lg1@c. - at DC, ordinary; 81 at 314c, Il at
good ordinary - at 21c, low mlddling; ii
az PIG, shy middling; II at &c, middling, in
diCating a total of 100 bales at previous quo
taiions, which we repeat.