Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-08-07
MEMPHIS COTTON.
Our Exchange Addresses the liverpool
BXchaDEs CD abe Question of
classification Fair Play
is oil we ask


matter OF much interest to the cotton
| trade, has just been issued:
COTTON EXCHANGE, MEMPHIS, July Is.
| To the President OF the Liverpool Cotton
| Brokers Association:
SIR-It is the earnest desire Of this
exchange thst Memphis cotton should
| have distinctive recognition in your
| narket-that it should be judged and
| sold on its own merits, without
| reference to the port from which it
/ may be cleared, Ii is a well known
| fact that cotton from Memphis Vid New
| Orleans is sold and delivered without
| difficulty in Liverpool as New Orleans
cotton, while precisely the same cotton
as to staple, fibre, and handling, cleared
/ at New York, or other eastern ports is de-
| graded and sold as "Bales Cotton )" at / to
| less than the New Orleans shipments.
| That, this should be so, in the worlds
! greatest cotton market, where cotton
men are supposed 10 have training and
| experience that should constitute them
| experts in the matters of CHASING and
grading cotton, seems most strange, and
can only be accounted for on the n.y.
| pOthesis Of an existing prejudice in favor
of New Orleans as cotton center. That
there is such q prejudice we are con-
strained to believe, by reason of the
facts that American spinner5 who have
thoroughly tested the relative merits of
Memphis and New Orleans cOttGns,
have OF late years, with singular
uDanim.ty, given the preference to
Memphis, while Memphis cOnsigl-
mants, exposed for sale il the markets
of New York, Boston, Providence apd
Philadelphia, invariably command out
II DrF,
of TIA same grade, evldenciBg in most
unmistakable manner ,1at where Mem
phis cOttUns are best known, ihay COM
mand SD appreciation which l. denied
to them in Liverpool. 1t Is 'urlacr
stated as fact, from the infor on':7. #
some Of our most reputable eX r.. juv-
ers, that spiuners on the continrr. u
Europe, who have been giving Mem
phis cOttOns trial, DOW prefer to
have their orders executed in Mem
phis, instead OF Nev Orleans, at
the same costs laid DOWN at the
mills; thus attestiug their preference
for Memphis cOttOns. 1t is also q sig
uiicsnt fact, we'll known to all who are
familiar with the cotton interests Of this
country, that the best cOtt1ns for staple,
body and handling, received in New
Oslesns, are drawn from the alluvisl
lands Of Mississippi and Arkansas, con-
tiguous TO and naturally tributary To
Memphis, and from whence the great
bulk OF our receipts are derived-many
planters dividing their shipments be-
tween the two markets, while. Others,
from considerations OF convenience or
obligation, ship exclusively to one or
the other. With this state OF facts, We
feel that we are not only justified in SD
doing, but that it is an imperative duty
to ourselves Snd to those whose interests
are cODtided to our keeping, that we
should most earnestly, but respectfully,
protest against the continuance Of the
injurious determinations made in Liv-
erpOOl against Memphis c0ttons, thus
forcing our shippers, in obedience to the
arbitrary behests OF g metropolitan pre-
JUDGE, to submit to an unjust scaling of
prices or else make their shipments Ella
New Orleans at increased rates OF
freight and insurance about Cquiva-
lent 10 the said scaling, the wrong
OF which is TOO manifest 10 adj
NIT Of argument. Situated in the
heart Of one of the finest cotton
sections in the world, with annual re-
ceipts of nearly half million bales, and
with large and increasing direct trade
with Liverpool, Memphis modestly but
urgently asks to have q place assigned
her on yonr black boards, in your mar
ket reports and circulars, that her con-
signnents may be sold on their OlOn
merits. Believing such q course will !
result liz reciprocal benefits to all con-
cerned, we confidently ask the favorable |
consideration and such action Of the |
honorable body CT which you are the |
head IS may be necessary |
to secure the end desired. Respectfully |
W. b. GALBREATH,
President Memphis Cotton Exchange.
w. W. GUY,
J. J.. PET
+. II. HARTMUS,
Committee of Board of Directors.