Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-09-01


In October, at a nesting In the cotton ex-
change, IL wasre olved to send to the forth
coming Centennial exposition bale OF cot
ton for exhibition that should be worthy OF
Memphis as q cotton market. AS the best
means of obtaining the exc Hence required,
thIrty-n ne mercant IL Erms and individuals
sub-cribei the sum OF one thousand collars,
and a circular. dated october IN, was Issued,
Offering tbat amount as a pr. re 10 be paid 10
the producer Of tue finest and best bale OF
cotton, the baie 10 be OF the crop OF 1870,
weighing no, less than $50 pounds, 70 be deliv-
cred in Memphis by March l, 1870; ,pen 10
competition to ali portions OF Tenn essee, Mis-
sissippi, Arkansas, and Alabama trading
with Memphis. Thirty-siX bales We're re-
ceived Tor competition; tour were re 6Cted for
short weight. All the marks were removed
from the b ales, each which was then num-
bereJ. A committee of three experienced
men drew the samples, marked tuem with
their numbers, then handed them 70 the fol-
lowing committee Of award: Messrs. b. Babb,
c. L. Curtis, W. A. Gocdwyn, q. g. Cove, A. NJ.
Scarborough, w. BOwles, jr and i. L. TOpp On
March 29th the examination was made, with
EXTREMIST care. A number of bales proved TO
be July equal TO all that could be wished for,
and the difficulty was TO select among such
excellence. The prize was awarded 10 the
bale numbered 40, which had been entered
by ]. & Stee'e & Co., and which was grown
by Wm.Taylor, Esq, at his farm, near La
grange, Lee county, Arkansas. Cotton of
inner staple, bet er handled and prepared for
market, 1t was believed, could DC nowhere
found 10 compete with 1t in the exposition. &c
was examined by every capable cotton man
in the city, aud gave entire satisfaction. The
bale was exhibited at the cotton exchange
ready for delivery at Phil adeI phia Il was
enveloped, not in baggs g, but in beautiful
blue silk, an j the silk was Of American manu-
facture The stitching was exq 1isite embrOid-
cry, the loops were gilt, and bows of splendid
ribbon set them of with lively and harmOni-
oas eOlors. AT each end a handsomely p.futed
fnscr ption showed what the bale contained
and its destiaatiOn. The various railroads all
offered t. lake IT to Philadelphia free Of
charge. 1t was placed in the care of the agent
of ths Star Union line, A. q. luther, ESQ
and forwarded to the Exposition, where am.
pie space was allotted for It's exhibition.
Crop Estimates.
During the past season, it is observable,
there has been notable falling OF in the
''rage" that had usually prevailed for getting
gave tae uesssS and calculations = gambling
aspect. The change is no doubt due 10 the ef-
fects of the definite and Trustworthy Into ma
ton dissemina1 ed by the various cotton *
changes, the government bureau, the FInaE-
cfdt Chronicle, New York Bulletin, and Of her
sound authorities. As specimens of some OF
the estimates that we have noticed from time
to time, we give the following:
The December oureau report estimated the
crop OF 1906 at not less than 4OJOOUO, nor
more than 4,l50,G00 bales. December Isl B. TIE
Financial Chronicle expires ed the opinion
that sin no event Will the crop 90 below
T. $50 co.," January LIST, Smith & EdwaIfsis
Liverpool circular gave the English average
estimate as 10000; in their July circular this
Letin, OF March LIST, said the general belief in
New YORK was that the crop won smOunt TO
4,5G0,000 bales. The Vicksburg He aid OF June
18TH, was of the opinion that the crop would
not be as 'arge as that of the year previous.
Southern Cotton Manufacturing.
In another place we show that soTIething
Is doing in Memphis toward tea tile manufac-
ture; nut we want regular cotton mill
one OF the in 'tituttOns that Is bringing SO
much money to the people of certain ais RIGS
in Georgia project OF this kind has long
been on hand in this city, toward which q
hl avy subscription list has been Obtained
The excessive dull ness of trade has delay Ell
the execution OF the project, but we think toe
time has come when active measures should
be entered upon. Capital is plenty and car.
be had at rates OF interest unusually low.
Labor and material never cost less than now
and are clearly st the point starting from
which any enange must be upward. With
such advantages, the work may be fearlessly
begun, for every where the proofs accumulate
that southern cotton mills can make money
at the very time eastern ones are going into
bankruptcy. Oticfal statements of the Ameri-
can Manufacturers assOciatsOn give us the
following facts:
Toe United Itates consumption OF cotton in
1915 was 576,742.753 pounds. or this, northern
O., 80, 40 pounds.
The total number of spindles In the Union
was 0S9 jo4. Northern mills operated $685.
5i3 spindles; southern, 4Sl, S2l spindles.
The average consumption north was, for
the year, 56H pounds per spindle; south, l4O1&
The south manufactured one bale for every
seven and ha bales consumed at toe north:
one bale for everr eight and u nalf bales con-
sumed In the entire Union, and about one
bale In twenty-seven of the crop of 1874 5.
NOuA6CblCuI 0lOQ6 Manufactured 81 iU9.ilU
pounds, nearly as much as all The southern
states combined.
Massachusetts,, Connecticut and Rhode
Island together manufactured 3l5 1856 SS5
pounds, more thln half the consum ptiOn OF
the entire Uoion; mole than four and a half
times the entire southern consumption. Our
climate Is admirably adapted 70 the work.
we have streams now running idly to the sea
and gulf that will afford a thousand million
hore e-power, If utilized. We have the cotton.
fields all around us, and hundreds OF tnOu-
sand OF young women, boys and girls, abso-
lutely without employment to whom the
establishment of the cotton manufacture on
a grand scale would be a most benedcent
charity. We have already in Opsrati On lines
of transportation reaching to every portion
OF the U MON, and extending to the gulf and
to the ocean. The natural eastern terminus
OF all the trdnS-cODtinental lines lies within
our Atlantic coast line. We have the whole
commercial world open to US, and why can
MOTIVE send it manufactured yarn as well as
raw cotton? Old England has found cotton
manufacturing perfect mine of wealth New
England has built up colossal fortunes by the
same occupation. With the cotton growing
around us, we have advantages neither OF
them possess, and the success of q prudently
conducted cotton-mill in Memphis can be n
matter of no sort OF doubt.
Memphis WEEKLY Sales and IN cir Dis
nj