Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1879-10-27
Charleston and Savannah t

Charleston and Savannah ten
days ago the present years cotton
receipts aggregated 10000 bales, and
were over $4,000 bales less than at this
time last year. On the whole, how
ever, the receipts of cotton exceed
those Of last year nearly 10000 bales,
but the excess is at New Orleans,
Mobile and other points in the Mis-
sissippi valley, showing conelusiyely,
that the valley has produced an un-
usual proportion of this seasons crop.
This fact was mentioned in the
LEDGER some weeks ago, and it was
also stated that the Mississippi valley
crop last year was about 200,0 900 bales
less than an average. The prospects
indicate that it will be at least 200, 900
bales above an average, this season.
The receipts at New Orleans this sea-
son now reach 100000 bales, anexcess
over last year at this date of nearly
10000 bales. This, too, despite the
extreme low and unnavigable state of
Red, Ouachita, YazoO, Arkansas and
White rivers, from which but little
has been drawn. The figures up to
the middle of last week show that the
river receipts were 1884 bales, and
nearly double last years at the same
date; while railroads had delivered
1904 bales, against 1916 bales same
time last year, and over 10000 bales
had been received from Mobile,
against 5044 bales last season. The
receipts at Mobile this year aggregate
$1,000 bales, an excess over last year Of
$4,000 bales. Recent heavy rains in
Alabama have materially injured the
prospect there, and it is calculated
that the receipts in the Atlantic ports
will continue to show falling off
From these deductions it may be in
ferred that the cotton region of the
Mississippi valley has been favored
this season beyond that of either
Texas or the Atlantic States. 1t may
also be inferred that those who have
held their cotton with view of mar
keting it here, will enjoy the fruits O
the delay through its improved value
of more than one cent PEE
pound during the past thre,
weeks. A strong feeling il
entertained in cotton circles that ever
better prices than the present will bC
realized as the season advances. Tht
stock aAoat and abroad, known as tn,
visible supply, on the 10th inst. wa
1893, 1850 bales, nearly 10000 les
than last year, and over 200,00i
under the year before at the samr
date. The stock of American
in Liverpool and at other Europeal
ports was exceedingly small and 0
poor quality, while spinners in thi
country have so far filled orders spar
ingly. The stocks of cotton goods il
the leading centers Of the world ar
moderate, if not positively small, an,
Watts & Co., in their Liverpool circu
lar of October 10th, say THE expor
of goods for the past month turn ou
to have been not only large, but tn
largest, we believe, ever recorded il
the history of the cotton trade of thi
country The same authority con
cludes that the world must be com
paratively bare of cotton goods, anC
that the enormous export of cottol
goods last month was to supply tn,
legitimate demands of trade. Goot
accounts are heard of the condition
of the cotton crop in Egypt and India
and it is estimated that 100000 bale
will be shipped to Europe from thos
countries this season in excess of last
but this will be more than offset b.
the improved state of trade and goot
food crops in those countries. On tn
whole, the position Of cotton at tn
present time is very favorable, Will
the business outlook here opens brigh
and promising.