Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-11-14

fa=-o on me part OF both buyers and sellers,
fIat we nave not seen for a week past, and cot
ION changed hands on sitter terms than for
the last two OF three days. The kilograms re-
ported New York firm at ls1zc, Liverpool
Quiet at sd. New Orleans firm ard advanced,
$50. The inquiry was active, but holders
aI1ur-I a sitter front. and instead OF the in
afr 10 was the outside figure OF quotations
lar were prevalent. The purchases were al
most all for foreign account, few eastern buy
Its participating az al, and none 10 any Sc
-ious extent. In our yesterdays report oc-
CURED q mistaJement Of the total, owing to
uu erroneous total OF a certain portion OF the
sales that was given 70 us-the real number OF
bales sold was $40. not 500, The total sale
to-day was -IU bales A niue oIdlnafg ana
some re-packed cOttons was all the low cot
ruu sold, the rest was good ordinary and low
mia ling. Great efforts were made 10 dis
cover middlings and above. Those coitons
were ia request. The search was almost vain,
80 little Of the better class Of cotton could be
found. Nothing is 10 peculiar In the charac-
tarisnc OF the present cotton season as ms
feature Of the deficiency OF the better trades
ol c0ttons. Last season and other seasons u
has been g frequent necessity 70 nj out lists
UT low mfddung with middling and lists OF
middIinE with strict mlddling. This season
cottouS above low mIddling are sought Tor
most ass.duousIv. and nothing like the
amount wanted can be found. The cause OF
TINS change We strongly desire 70 know; The
most probable reason, as lar as We can Judge,
auDasrS iu the peculiar weather that marked
mo rueuluE era Of this seasons cotton. The
growth was arrested by the absence OF mols-
uuFe. aud deterioration was the necessary con-
sequence This appears 20 Us a direct ana
satisfactory way Of Tor the de-
cline OF quality. We ind people, however,
.gaH ACQUAINTED with cotton growing, as
sure us that the fault lies with the laborers,
vTlu cannot be iuduaed TO pick carefully.
lines generally pick by weight, and their pay
j. she same for IUJ lbs, be the quality what il
mav-they are, therefore, naturally anxious
about the weight they are paid for rather than
THE quality which lhey are nor peid LOT II
this is the case, the employer has only TO pay
the labOrer for the quality as wei as the
gG1afl sof his work., and the dlmcully Is al
an end But. as FAR as we are aware, the la
b1rer ls paid on no different rule this year 70
other recent seasons, and We cannot suppose
tuaI the cotton pickers can everywhere have
come 10 a sudden and secret determination 10
pick cotton with a degree OF carelessness they
mad not exhibited before. We hope the cor
-ra-uondeuts Of the statistical associations viii
not fan % clearly make known the cause OF
the deterioration Of the cotton reaching US
rhls season. II lS an important matter 70
GfemplIs. This city has a reputation for the
high quality Of It's eOtuDns- yet this year the
rLvez of c0ttous Tor which our market has
been Justly distinguished fails. Why IL does
so IS IN important question 70 our reputation
II 10 is OWNS 20 some passing phenomenon
peculiar 10 the present season, We shall suffer
na injury from 8 temporary difficulty 10 which
aI that is mundane is subject, but II
e arises from P-e sfan5l5a l Ios PP55
some removable cause is at work-if vigil
lance. care, labor and thought VIII restore The
superiority Of our market-ltO ought 70 De made
Erou-u. and we are convinced that next sea-
SON neither care. vigilance, thought nor labor
.eu o. snarad TO make Nemphfr all she Is ca
...|N| co. AHAaAAa ava - % 49, N.~
should engage the attention Of our Chambe
OF and We respectfully invite the
attention OF the new and excellent President
Ut that institution 70 a suggestion we modest
is venture 90 make. Last season an attempt
was made % organize 8 Cotton Exchange for
the purpose OF having performed GER
of Memphis hitherto neglected. The move
meuf wac abandoned, mainly for the reason
thai he ChamBerof Commerce declared that
if could ana 5r0uid do all that a Cotton EN-
change was intended for. The project was
abandoned on the faith ofthe engagements OF
lue lAamber OF Commerce-engagemenls
which 30 is perfectly capable Of carrying out
let. we say u re~-retfully, not IN a spirit OF ac-
gl-ltuu or reprOach- NOS one step mas been
taken In the direction required. The Cham
Der has organized no system Of obtaining cot
ton statistics Of arrange, modes Of
cultivation, progress Of crops, etc; not
even committee has been appointed 70
rIee the suhicct into consideration. Without
LH. owing out into lus minut1a what must be
done 20 place memphis on a par Win olher
cotton centres on the subject Of gaining statis-
TICS regulating g~rade@etcs we commend the
subject earnestly 70 the PRESIDENT
ufrIaLi important aud Invaluable institution.
Es cannot Distinguish the era Of his Presl-
EencV IN a more enectual and more striking
manner than by l~nauEuratlng a cotton de
uar+ment Of the Chamber OF Commerce. that
shall iu~teIIgenLly watch over the inter
frr1rman0n that will be Of value TO the
sellers aud buyers participating In 10,
and assist 70 MAKE our marker more
Hr1mluenIly known 70 the outside
world. III n common thing 70 complain that
the Memphis market and Memphis COttOus
are IGNORED while markets not doing a 1.-THE Of
she business We do aru teleEraphed al lover the
HsurlG. What can We expect when our Mem
r..ls ChamUer Of COmmence has not, even 10
this day, luaugurated a system OF cotton sta
ItsLicse lfIt-f1l DseH u0ug uideru Is a good
mIEirn that We have dlsregarded. We odd IN
conclusion that the steps We suggest, II
thought worth taking AZ all, should
b. taken without DELAY, for the col
lection Of next years statistics should
brgin 10y a~crrtainihg the number Of
acres planted. and 10 do that correspondents
must be found-uch As can be u~nfainnEly re-
lied upon. in every district around us-ail the
cotton growing part Of Tennessee, northern
Mississippi and northern Alabama, and Ar
kansas nearly 20 the banks Of the Arkansas
river. The Importance and interest Of this
subject gas betrayed as into a dissertation
where we thought just 70 write a line, and Ike
rle wandering F~renehmau, "we return 70 orr
mutu0u,- Tine cotton sold amounted to zoo
Ea.es- some ordinary changed hands at
from l5c Z Ice, good ordinary sold at
from 1910 y l64 and strict az lc.
one buyer claimei 10 have bought
low middlIugs at Ec, an error Of classification
probably: low middling, brought EK8IIkc,
aud strict low middllng nc; but some buy-
era report strict low middlug at lbc, another
proof Of the excessive Yalueof "the bastard
erades'-the barely, strict and shy depart
mems Of cotton cia-sincauOn-t0 misiead. A
very small proportion Of middliug was re-
ported al 1k.LiNizc- some strict middling
i-1ugHf Tgl<c. but too small an amount 20 con-
- Irufe DO authority. A lot Of 81 bales Peeler
cotton. -eeoud year growth from the original
seed. sold at Is5ac, nd q smaller lot OF beau
H.#-H HHn afH7rf at NMs-