Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-08-19
THE FIRST BALE.
Grown by A. III. Simpson, of MIssisSiP
pI, shipped TO ThOs. n. Allen a Co,
Sold by A. n. stOddard, and
Bought by N. Hawks
for I5ls Cents.

The first bale of new cotton was re-
ceived Thursday by the firm of Thos.
Il. Allen d Co., OF this city, and the
announcement that il would be sold at
the cotton exchange aroused general in
terest and attracted a good attendance
OF factor snd citizens. The bale was
raised by MIR. A. 81. Simpson, OF Tibbee,
ColfaX county, Mississippi, and weighs
four hundred and ninety pounds. The
bale was placed on exhibition in front OF
the exchange, and not only attracted
special iniertss, but was examined by
hundreds Of persons during the day.
Much was said, and not g little COM
ment was made concerning the crop
prospect, the probable prices it would
command, and the amount the new
bale would bring. This new bale was
not classed, the msjority OF factors con-
sidering it "good middling," although
there is diversity OF opinion respect
ing the grade. At eleven O'Clock Mr..
A. NJ. Sioddsrd, the responsible auc.
tiOneer, whose melodious voice has
descanted upon every ims glDable
species OF article product and msnufac-
ture, from a child to an elephant,
mounted the bale and began the sale.
The frs bid was eleven and seven
lowed by six or seven Others. ln less
than fifteen minutes the Lew bale
was sold for fifteen and seven-eight
cents, to Mr.. NJ. Hawks, and there was
general satisfaction manifested regard
Ing the price. While it is true that this
is less than one-half the sum paid for
the first new bale sold last season, yet
the present low price Of cotton, and the
acknowledged abandonment of fancy
figures in the real bona tide cotton mar
kets, Mr.. Hawks bid cannot be consid-
cred other than handsome, as well as
complimentary to the enterprise and en-
-ergy of the grower, Mr.. Simpson. In
fact, yesterdays sale at fifteen and one
eight cents is above the price paid
either at New Orleans or Baltimore, for
the first new bale this season. The first
bale OF new cotton received in New Or
leans was from Texas, and sold in that
city last month for only twelve cents,
the purchaser being s, Kstzenber Sons.
The first new bale resolved in Baltimore
this season was from North Caro-
lima, and was sold last Thursdsy
for only twelve and one. fourth cents.
Last year the first new bales of
cotton were received in this city August
2lst. OF these two bales one CHASED IS
slow middling," grown by J. II. CAN'T,
and was shipped by Julius Arnold, OF
Helena, Arkansas, to II. Furstenheim
& Co., and cold in this city August
Esd for thirty.six cents to Mr..
]. f. TlmbeTlake, representing
Robb & Peet, Of New York. The
other first new bale received the same
day, but sold second, was classed as
Glow middling," it being grown by Col
81 nAff 70
county, Mississippi, and shipped to
bale was also purchased by Mr.. J. F.
limb srlake, the price paid being 36c.
In 1874 the first new bale Of cotton wss
received AI;Ist 18th by Stanton &
Moore, from Senatobia, Mississippi,
and sold for twenty.six cents
to J. G. Johnson & Co. Mr..
A. E FARMLAND was auctioneer for the
new bales in 1874 and 1875. The sale
yesterday was in every respect one OF
much interest, and all were pTofuse in
mplimenting Mr.. Simpson upon his
enterprise in honoring Memphis with
the first new bale Of the season. May he
be ever as successful in sll pursuits oflife.
In Speaking of last years sals, the
APPEAL of the oath August, 1875, said
editorialIy: 1.-THE sale of the first two
bales of cotton Of the new crop, at the
cotton exchange, was yesterday the
great event. All the cotton men in
town were present, and, together with
the bankers and members of the press,
celebrated it with becoming ecLdt. A
Iibation Of champagne was poured
forth in honor of the fieecy king" After
the sale yesterday, the sale was cele.
brste5 at T. II. Alien s. Co.'s office,
we understand, with q general indul-
gence in congratulations to the pur-
chaser, and all Concerned in the Iaisirg,
shipping, and sale Of the first product OF
the new crop Of cotton. The following
is list of the first new bales received
for the past ten years in
NM, nEr.TpuTS .TGnDun.