Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-09-06
TuE COTTON EXCHANGE AHSUAL
CIRCULAR.

Itis not claiming too much to assert
Of the Memphis cotton exchange that II
IS in all respects the best conducted and
rlanag ed institution Of the kind in the
Union We krsOlC that to be the fact,
and our merchants generally, those
dealing in cotton particularly, also
know Il The proofs are daily fur
ni.hed On the well-hlled walls OF
the exchange, where three times
each day the buyer and the seller
can read in q few moments all the fg-
ures and facts that the Atlantic and
gulf ports, those If Europe, Of Egypt,
and farthest India can furnish, IS ne
oessary TO a comprehe, ,1sive grasp Of the
status and tendency OF he great staple
Looking at these walls ard the igures
they contain, one is start ed by the
magnitude OF the cotton trsde, and the
extent and ramifcstion Of al the va
ried interests and peoples depend
eut upon it. Only fifty years
ago. aud Memphis had no ex-
Istence, to-day she is point Of inter
est TO millions who hang almost breath
less upon the fiuctUatiOns.Of her cotton
market as they are flashed to the Meth
ernost parts Of the earth. Wonderful
il Is. and a sermon in itself. But it Is
not TO moralize upon theme that
might be indefinitely expanded, so fuii
isit Of interest to thoughtful minds, to
men who love 10 dwell upon human
achievement and the possibilities OF
those who are 20 take our places,
that we speak OF this to-day. We
desire simply 20 cU the atten
tjon Of all at home a. well as abroad TO
the current testimony OF the value o.
our cotton exchange now finding its
way In the mails TO the cotton marts
of The world In the fOrm Of circular
that for cOnciAeness, br,sVIty, conseeu-
tiveuess ia detail and make up, surp2ss-
es all the efforts in that line hitherto
made in India, Egypt Europe or
America. Instead OF the long and te-
diOus, and sometimes absurd ire
marks" we are here rigidly con-
fined to figures which tell the
whole story Of the cotton trade Of Mem
pOrts, next Of Liverpool, ants this nv
the week and month, giving thu, Anne.
icAu and English consumption, the yi5i-
DE supply If the world, the prices, rates
Of gold and exchange, together with the
reights from Memphis, COMPRISING in-
Ciude1, aud the meteorological record OF
Memphis for the year. Ii is, by all odds,
the most comprehensive cotton circular
We have ever seen, and must force a
change 10 all quarters, in the
cosspilation and preparation OF such
"a fuments hereafter. 1t is q model
"a every particular. u is unique In
form and perfect In every particle
of information necessary TO q mastery
sud perfect review Of the cotton trade
. OF the world-foT 1854. And the print
inc OF it is something quite worthy Of
the work. There is not single error TO
l-.ar Il, and the tables, are put together
tifh a neatness, precision and skill that
must exact for Tracy 4 Co. the encomi-
ums OF TIE fraternity everywhere. We
songuatulata Nr. John :. TOOf,
the secretary Of the cotton exchange,
upon this circular, and we think We are
lot wrong IN saying that as the mem
hers ~ the exchange pore over it they
vii, feel that il is y new bond 10 link
hem indiss0lubly 20 the man whose
zkai assiduity and ability have been
saxerts.i 81 uBsWeryinRly aud with such
.,ntiring devotion to bring the Menphls
,,etfan exchange to the front and keep
n fhera. the first IN point OF statistical
alilifg snd results in the United states,
sSar