The Canton mail. [volume] (Canton, Miss.) 18??-1882, 1876-06-17
OHMERCI1L INTERESTS.

OHMERCI4L INTERESTS.
The Cotton Situation anal Outlook from I
Ne,r Orleans OBSERVATION-DISCLOSURES A0-
| ,icssitxr0I Interests in Gcnerat-Re-
| +- roInfioN In Cotton Pressing.
Memphis Avalanche, n. o. Lett II May %.
1t would hardly be necessary nor in
teresting to detail the account and re
ports coming from overlooked districts
in the Mississippi valley, now that thu
river is receding and the danger passed
There is but little doubt in my mine
that some individual hardships have
been experienced along the river, and
those who suffered most up to now, art
not likely to plant as much cotton a
they at first anticipated; more specially
| as the season has SO far advanced. Still
it must be admitted that the damage
done by the Mississippi overflow is not
likely to prove as serious as at first antic'
ipated, and, therefore, we may conclude
that this excitement of the battle is vir.
tually over, few combatants actually en-
gagged in the fight wounded, and many
loekers-on, interested in culture" opera
tions, badly crippled.
Take your average report, as cri-
terion, am inclined TO think, from what
have noticed along the river, that
the two hundred and ninety-seyen thou
sand not planted at the time your report
was closed, will probably be reduced to
about fifty thousand by the first of June,
thus making the total acreage about the
same as last year.
Asa general rule, parties herB inter
ested in cotton seem to be of opinion that
the Chronicle report, to be issued early
next month, will show large increase in
the acreage compared with last year,
more especially in the states of Texas,
Arkansas, Alabama and Mississippi /;
while on the other hand, the decrease in
the Atlantic states may show to the ex-
tent of eight per cent. in Georgia and
South Carolina.
In your report ysu have foreshadowed
the increase by calling your readers at:
'tention to the fact that such large in
crease is compared with last year "ficti-
tious," inasmuch as the additional acre
age planted in the Gulf states from the
twentieth of May to the tenth of June,
1875, never was enumerated in the an
nua report of either the Bureaus or the
Commercial Chronicle; it remains, there
fore, to be seen to what extent the total
acreage planted, set forth in your report,
will agree with that of the four named
authorities. As for the condition OF the
crop, reports from Georgia, Alabama and
South Carolina continue very favorable,
in fact more 80 than at this time last
year, while accounts from other states
less 60, and bear no comparison with the
condition of same time last year.
Future prices of cotton depend very
much ON the issue of political troublesin
Europe, whether England, like on former
occasions, will "grin and bear it," or
whether she will not be too late to find
as strong an alliance to enable her to
make We of some of her "Armstrones
in order to assist in settling the Turkish
difficulties. I doubt, however, verymuch
England will entangle herself
in a war where she can't gain anything
but lose much of her prestige again. The
big stock of cotton held in New York
adds with every day more to the strength
Of the bears, and unless some of the lat
ter change their coat and turn against
their own comrades, we can hardly look
for any decided improvement at present.
tits, however, probable, that should po-
litical troubles on the other side be set
tied amicably, that conference.-the be re-
stored, the general trade improved, and
By that means the slightest unfavorable
crop report, based on reliable, facts, may
give cotton a strong position.
Local stock is very much reduced
and as a general rule, with but very
few exceptions, factors have sold freely
and dare say this year has again proved
TO many planters that matching don't
pay"
The Louisiana sugar crop is promising
we'll. Planters report good stands, and |
It seems that the late rains have been a |
great benefit. On the whole, prospects |
If a good yield are very generally dis
1t would probably not be I'M
interesting to your cotton community to
,ear of a new invention of a cotton press,
which if successful, may cause quite
evolution in the press business. The
model which will go forward to the
,ateDt Office at Washington, either to day
II tomorrow, and which the writer has
is represented. to press and tie
/ bale of cotton, at the same time com
pressing to a dimension of nine inches,
It which size the seven bands will keep
aid bale, equalizing the pressure on each
,and, without further expansion of. the
,ale. Should such press prove sue
,ess, it will save a good deal of labor in
act, will do away with press gangs.
.. REVOLUTION IN TURKEY
The coup de grace seems. to have been
'iven to the ignOble and imbecile admin
stration of Sultan Abdul Aziz. That
has been dethroned, and his
lephew, Mohammed Mourad Eeffendi,
on of his predecessor, Abdul Medfid,