Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-11-03

since the year 1919 anti has heen grower al
cotton In all these years except the last eight,
and nom 1884 TO 1853 largely dealt in the sta
PIE. and thus would naturally watch ali tie
egentS u TIE ntarkets lite prObEbls Grip
with all the disasters the staple is heir TO. Ia
All iGfener years, a dry year, for a large crop,
ssp eclally IN the bottom lands, the drouth Tor
lof4 are unprecedented in all these years, both
to grain and cotton, but more especially 10
Tie new crop. There viii not be corn sum,
Gent In MANY OF these dry districts 70 feeG
man and beast longer than the first day o.
january, 1875, and most all of these dry dis
tflcJs In our section, both bottom and hill
anu VIII not MAKE more than one-third 10
one-nRl crop OF cotton, as compared with
Inc three last years. The cotton opened earlier
than usual, in eOnsedueiice OF tie tirF wealth
or. Pods half Erbwn we're cut Oh, dried Up,
ana opened, with fatty seed. The crop Is at
this date three-fOuTths gathered; many are
done completely. The question OF increased
STOCKS and receipts Is easily accounted for,
ana certainly the season last year was also
favorable for early fatheringi and tie farmets
were not pressed WITH their money matters rs
they are this fall. And again, every
body knows that money matters last fall were
light. The banks shut up, and the strongest
houses in New Orleans and Memphis could
not furnish the country merchants one dollar
IN currency 20 move the cotton uutii late III
November. The planters became tired of
hauling their cotton TO the railroad and SELL
lng IL 70 the merchant5 on thirty and sixty
days tine, and stopped this game, but in The
main continued TO gatherlhelr cotton from
the fields and housed IL, waiting until there
was money to BUY II. They did not want east
ern exchange. Thus last years crop was dis
posed OF. Now let us look at the picture this
year, and draw the contrast: Last September
cotton began 20 go freely "a market, and solid
part on Heht, part for provisions and as soon
as they could get bale or two out, IL stopped
no time at the press before it was on
ne % wagon FOR MARKET and many went 20
dlHerent' town than where they traded Tor
lear the merchant wouid teRe ell their eotttn
aud MT divide. The farmer had the greater
bulk OF his corn then on his wagon, and left
farn ah al
picked by Septem Der 18th. And Ghus this year
we fnd scarcely bale laying around the
presses, ~ l9st years debt, siicrt crop, and
starvation are moving the cotton from the
plantations with more rapidity than
the people did during the war from the
burners on the ons side and the fear of
General Grants army in taking 1t from them
on the other. And If we take iL tor granted
that all the dry districts of the cotton-belt are
assimulating north Mississippi, no wonder the
receipts and stocks are accumulating so rapid
ly in the ports We also find the depOts cleared
of cotton. This press of cotton will tall of by
the first OF December. The receipts fall below
last year, and continue 10 do 30 10 the tune of
one million below last crop. A million short,
With a heavy stock of cid cotton, and mills
crowded with manufactured goods, to what
extent this will hold in check the advance in
raw cotton it VIII be for the wise 70 determine.
This drouth, beyond contradiction, has cut of
the cotton beyond anything that has ever
come 10 my Knowledge. There are men in
our section that cultivated twenty acres. some
have gathered a bale and a half, some two
river, a farmer informed me, from a twenty
acre field, he would get a little over three
bales. Last year he gathered eleven bales, and
owed four hundred and twenty dollars; two
hundred andten dollars of this was for pro-
visions; one hundred dollars for rent was OBJ 1
liged tObe paid, his provision bill he could not
pay, and on his other debts he could not pay
dollar. Many people ha taken their cotton, |
sold IL, and hold the money to buy provisions /
to 1--we on, paying no at enCion to their debts,
those who have no more property |
than the law allows them. This is ali caused |
by the drouth and short crop OF cotton. |
All these dry districts will be compelled to 1
consume less goods this year, and the cotton |
ton. Many firms may look out under this /
short crop where their Liabilities are heavy, /
for they cannot stand the storm, for it won't 1
be long, and they will not be able to anchor
by ana by, as they have done in former years. 1
All kinds OF personal property have depTe- |
ciated IN value FULLY fifty per cent. a trying /
time is before us all, and more especially /
when this short crop is realized the cotton /
Will part from the planter s hands at Sixty-f1ve /
dollars per bale. This will ruin the country /
for he cannot collect twenty-five 1
cents on the dollar, or not eXcede this. The
present crop should have sold at three or four
cents higher; the latter part of IL, whose hands
lt is in, Will realize this from fourteen cents |
the nreSent price. 1 am a mere man. but feel /
confident, from former observations in regard /
TO the cotton crop, that this crop is going to |
some persons as regards the extent |
Of the number of bales. 1 know there are 4
many people who will say there will be four
crop. and II always has been a |
good crop Of dry year. Look at the present i
receipts as compared with last year. Let ali /
such compare the circumstances last year |
with the present season, ana they will easily /
account for the large receipts. etc.
SPRINGDALE, MISS, October q, 1874.
-@0~