Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1881-05-13
Friday EVenInE, May. IS. 1851.
COTTON.

The crop Of cotton for the business
year now drawing to its close is likely
to reach $500, 600 bales, and perhaps
slightly exceed these high figures, and
an increase over last year of about
10000 bales. This is an enormous
yield, far heavier, indeed, than the
largest estimates made, even in Eu
rope, during the early months of the
season. The recent gradual and steady
decline in prices is doubtless mainly
due to the enormous and unexpected
yield and the heavy stocks in sight.
The excess of the supply Of the world
now in sight is 514,846 bales more than
last year and $50, $50 bales in excess.
of the year before at this time. In
addition TO the increased number Of
bales something is to be added in an
increase of weight, the average Of
bales this season being about 497l
pounds, against 48l4 pounds last year.
The New York Financial Chronicles
tables of last week are highly inter
esting and bring the total overland
and consumptive movement down
to the first of May run
ming through the first eight
business months of the year, and a ps-
Rod during which the bulk of the
cotton movement is conducted. The
Chronicles figures places southern
consumption to May LIST at 10000
bales, $4,000 more than last year, and
overland shipments at 474,24l bales.
or some $4,000 bales less than last
year, while receipts at the ports are
720,4S9 bales ahead Of last season.
Northern spinners have taken out of
the present crop 1.460,715 bales, and
freer purchases we're made by them
last month han during April of last
year. The spinners have been fully
employed throughout the season, the
only short time being the results Of
strikes aud low or scant water supply
during the drouth in the east last
winter. The increase in the quantity
marketed during the past eight
months is placed at 679,323 bales. OF
shipments abroad amounting in all to
1858, 1872 blackstone 100, 700 more than
last season) Great Britain took
1892, 1868 bales; France, 4S6, 13l, and
the continent 984,088 bales. In the
excess Of receipts at various southern
markets this year Charleston ranks
first. being COL PIG bales total, and
163, 534 ahead of last year. Savannah
comes next, her total being e31, 23t
bales. and 1882 ahead, while vii.
mington and Norfolk are II. 600 ahead
Galveston and ~Indianola, Texas. az.
gregate $4,000 bales, and are $4,000
ahead Of last year, New Orleans i,
but 1886 ahead, her total beine
1,475, O93 bales, while Mobile is 25.45:
bales over last year, her total beint
$40, 551 bales. Florida's receipts ex.
hibit but little change, and are only
20,349 bales in all. Here at Mempbi
the receipts show an increase of NOR
than $4,000 bales. At St. Louis Their
is a decreased movement of 81, as
bales. The total of the GRO
that has come into sight a
the various markets Of tn
country is 6,l9O,597 bales against 5.
525,2 69 bales at the same time las
year, an excess over last year of 665.
329 bales. The foregoing figures ant
comparisons are interesting to ever,
cotton dealer and may largely accoun
for the steady incline downward ofth
staples value. Many operators VIII
are closely scanning the situation ex
press the belief that it has dragge,
the bottom. The slightly improve,
feeling yesterday and to-day is calcu
lated to inspire the belief that thei
expression is nearly if not quite cor
rect.