Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-10-08

viii not exceed 90 pounds In the seed per
acre, OF one bale 20 five acres, and many Of our
correspondent sflmate the yield on an aver
age % b one bale TO eight acres. Some bot
tom lands will Yield a small per cent. af hid
die, but no top CROP ami VIII not average
more than half bale per ncre. All the core
pondeRts agree in reporsng late cotton a total
ialiure- The New York Chronicle says; III
] Tapidity with which cotton d coming forward
should not be accepted by our readers as any
F-ry certain indication OF tha extent Of the
crop. There are special reasons why the early
movement should be- large. Ffrst-che eatifg
crop In some states Texas, Tor instance, aud
- portion planted first IN other States, was
fefF horWard. The drought has caused She
1ols To open rapidly. ~SecOnd-In many por-
lions o. the South the money pressure is more
than usually severe, inciining the planters 90
hurry forward as rapidly as possible a part Of
their produce 70 market. Third-Pdces, IL
tnouAn they have declined are Still well up,
Mben We consider Toe COST Of promotion, 70
mat me planter feels that De Is well paid, and
ne prefers to SECURE n positive gain 10 storing
MS cotton, especially IS he IS iu great need OF
funds. Few people are willing 10 live long
under a pressure FOR money, when they can
easily obtain II by selling something they
possess az a decided profit. We are led 70
MAKE lhese Suggestions by the very iuA esu-
mates which are becoming somewhat popular
Just now. Undoubtedly cotton to-day prom
lss q considerably larger Weld than az this
ksrloa !ast year. sur when persons talk Of
i'"l Ml-lIOn bales and over as the product TOT
vie season, We think they show they have
studied the progress nf the plant during the
Z -prnE i summer 10 Ners Little purpose.
Tie New Orleans Times speaks as follows;
cotton is coming ia with "a rush, the receipts
thus FAR exceeding uIoae or last year by three
OF four bales 70 one. These are al indications
o. an unusually early season, though people
abroad must not predicate upon such facts any
estimates OF a large increase OF products. ane
cotton crop viii not exceed hist Of lest year
by anything like nc figures set Town IN tse
early summer, and the sugar crup will barely
reach that Of last year. The season, hoWefer'
for gathering has been unusually propiuous.
The nnfFrn il all nuamHmnh fH IS Hutw question
OF picAths The cane l. very ripe and juicy
but small and stubhy. Il VIII yield we'll nut
the general product PEI acre VII De smau.
There Is one advantage, and a great one y IS
OF this season over the last % j. IN q LaIEe
product o. cora" The Cnclunate f71ce tWT-
rent III a research into authorities arrives an
the conclusion ssthe crop VIII amount tO3,4u0,-
90 baleS,W hlch IS allowing two-ufths Of n bale
20 the acre The NtcHsburg Hsrnsi Septein-
Der fth. declares that 'planters have generally
pretty much paid up their debts, and many
viii hold the rest Of their crops for better
prices. The crops are proving better IN some
sections than was anticipated a lev Neehs
back, though they have been greatly damaged
everywhere, some Of our eEcnanges reporting
a los OF epe-haif, others o~nc-thlrdi- one
circular. Of this city, says; "The crop, owing
10 the exceedingly dry and hot weather OF Au-
gust and September, has, in q larzes portion OF
the cotton terrtturT, ~prefnatnrely upenedi "
is harvested with an expedition hardly ever
known; the South Is In very straltened clf-
ieft VERY few ef the c0l0red producers with
anything over 10 carry them 50 or through an
other season, and naturally disposed 70 realize
and spend, even when easy cIrcumstanced he
is now goaded like his white brother 20 real
aliLe. Under these influences cotton has COM
parauvely been pressed upon the market, re-
celpls nave gwen an appearance Wultu IN gu
estimation must prove very ueluslVe II looked
upon ~ Indicative Of dnal crop results Inc
Nashville Journal Of Commerce observes: " Ne
are sure that the planters are Creultlng the
present heavy receipts too largely 20 me lore
Ing q the crop by drouth. ms IN me man,
no doubt is correct, but We are satisfied that
too much importance is now attaching TO az,
Tor the receipts at the ports since september
LIST are about one hundred and twenty per
cent. over last year Tor the same uule' anu
however incorrect 70 may be as an index II Is
certain that foreign operators viii not believe
in n small crop 50 long as anything IKE euch
an increase is kept up. Three and a half mil
lions seem 20 a favoriue estimate here, with a
growing tendenCy 10 raise the figure. A crop
Of that size would not justify lower prices than
are now rul1ngsJuGglng rom NE consumption
Of American cotton for the past two years. II
holding Is resorted 10 largely, IL may De that
prices in the spring viii be Disappointing those
who have carried their crops I'll that Ilme-
Turning 10 English accounts We 90 not nnd
any great encouragement smith, EdNarus q
Co.'s Manchester circular SAYS that market
was dull at the opening or september ana
weak TO a degree that caused surprise. rms Is
the result Of an artificial excitement ana an
unhealthy business. Foreign snlppers nave
had severe losses, especially in India and
China-nOthing but loss appears IN all the
Eastern markets. "Au the life has gone out
Of the market, and II would seem very diff
cult TO rekindIe The fire. Eteson & Tibbits
Liverpool cotton circular. september lth' says
Manchester Is very quiet. Buyers have the
impression that prices VIII De lower Inc
market viii be ruled more by the course OF re-
ceipts III the ports than by adverse crop &C
counts. AT the present the general Impression
is that, as the year advances. the tendency
viii be downward" We have preferred, at the
expense OF some time Gnd toll, to present these
extracts 70 Summarizing the result, they place
the position OF cotton fairly before the reader.
The following shows the receipts, etc, at the
ports and interior for the present and last sea-
son at the same time: