Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1880-09-01

proof warehouses, several with iron roof
ing, and other warehouses have been en-
The storage capacity here for the
ensuing season will without difficulty
cover 10000, bales of cotton.
In this brief summary it may be we'll
to admonish planters and interior shippers,
hat careless handling and exposure to
the weather Of cotton, invariably results
in more or less loss by wet and damage.
From the time it leaves the ginhouse un-
til placed on ~shipboard, it should be vigil
lantly cared for and protected. Ample
provisions to do this are now available in
this market, and our merchants will per-
form their part of the work with an ear
nest devotion to the interests of all.
THE RIVER VALLEY CROP.
A few words regarding the cotton crop
of the Mississippi valley, with which we
are directly connected, and this review
will close, with the statistical tables care
fully compiled and presented for the BEN
eft and inspection of those who feel an
interest in the movement Of the staple. We
have marketed 10000 bales, an increase
over last year of 2S,68O bales. New Or
leans has received 100000, increase
10000 st. Louis has received $4,000
bales, increase l4S,0O0 totalincrcase of re-
ceipts at the three leading markets CT the
Mississippi valley, 477,0O0 bales. Much
of the increase at st. Louis was drawn
from western Arkansas and north Texas,
which sections in former years shipped
mainly to New Orleans. Perhaps 10000
bales of this would have found its way to
this market, but for the fever epidemic
during the fall months. The crop of the
Mississippi valley was unusually heavy,
and of a quality much superior to the av-
erage, and it was in great demand among
consumers. There was reshipped opposite
the mouth of White river to New Or
leans the past season 81 1000 bales, an ex-
cess over the previous year of 5000 bales.
OF this more than hall went out of Arkan-
sas river. The total shipments by river
steamers out of White and Arkansas riv.
ers during the season was about S0,0Ot
bales, Of which nearly half came to this
market, White river sending us the larger
part. Through boats from White river
direct to New Orleans carried out about
5000 bales, and from Arkansas river about
5000 bales. There was shipped by river
from Helena $1,000 bales,and from Arkan-
sas City 10000 bales.
WHERE RECEIPTS FELL OFF.
Compared with 1889, a decrease Of
cotton receipts is noticed at the Texas
gulf ports of l47,60O bales; from Florida
ports, 29,26l bales; from Mobile, 6l6C
bales, and from Charleston, 44,473 bales.
The crop both in South Texas and Florida,
during the past season, has been short
The falling off at Charleston was, doubt
less, due partially to the same cause, and
in part to Others. A full yield is promised
in Texas this season. In the South At
lantic region certain localities may have
suffered to a limited extent from cater
pillars and storms, and various injurious
visitations.
THE FUTURE OUTLOOK.
The wide and often rapid variations Of
the value of cotton in the past, long since
made its future wholly problematical with
every one familiar with the staple. II
sold as low as 4 cents pei pound, and even
less in this market, thirty-fve years ago
and in Europe at that time, owing to the
supply keeping ahead of the demand
prices went down to so pence for Or.
leans middling. The stock at the end
of that season, in Liverpool, was
l.279,0O0 bales, or enough for twenty.
seven weeks supply at $4,000 balei
per week At that time America
furnished SO per cent. Of all cotton sent t
Europe. The production subsequently
fell off, while the demand increased, anC
in 1857 Orleans inc Liverpool touched 81
pence per pound, or about IS cents il
our currency. Again in lS64-5, 0rlean
middling in England went up to s61
cents per pound in gold. Within tn
past fifteen years, middling in this marke
has ranged from 0 cents TO AZ cents pc
pound, and in a single season the oscilla
ton has been upwards of 20 cents pc
pound; this, too, in time of peace, whei
the probable supply and demand appeareI
familiar to the knowing ones. This j
given as illustrative of how little valu
future predictions are. 1t is general.
conceded, however, that the crop noN
ripening will reach 100000 bales; Will
its quality is known to be superior, if an,
thing, to the excellent growth Of las
year. 1t will exceed last years total flu
100000 bales, and perhaps more. This
an extraordinary yield, but the world
comparatively at peace, and trade bid
fair to be healthy and active in all coun
tries. The markets open with a cheerful
tone, and should no undue depression fol
low, there is likely to be a demand 70
every bale we can save. With a con
sumptiye demand in the country ap
preaching 100000 bales per annum
there will DO but little more for foreigl
shipment than was sent abroad durin,
the past season. The cereal crops o
Europe r reported uniformly good, will
the exception Of parts Of Russia, and Oh,
heavy demand of Europe upon thi
country for provisions and breadstufs
which extended through the past year
will perhaps slack of to a considerable ex
tent. With continued peace, undisturbec
finances, and activity in trade, the valu,
Of cotton will probably be well sustained
though any political complications o
commercial depression, now unforeseen
would naturally affect the cotton market
10 an unfavorable manner.
Cotton SpSndIes and sDinnin,