Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1881-09-01
average Price 9.9S Cents Per
Pound Makes Its Aggregate
Value Above $23, OOO,O 900.
lore Than 800, 900 Barrels of Flour
and Meal and 200, 1000 Sacks of
Grain Sold Here.
detailed Report OF 1.-The Past Years
Volume OfTrade, ETC., Etc.



This market man ns its position
the largest aud must important
land cotton market Of the world.
eeeipts during the past year sum up
lO,267 bales; worth at a fraction
pder 10 cents per pound, the average
e of the season. upwards of $23,-
1000. The volume thus received,
hndled and sold here exceeds the
btal Of actual cotton received and
Did at the three leading Eastern sea
GARD markets Of New York, Phila-
Blphia and Boston, while it lacks but
title Of equalling the three points
lmed and Baltimore added. Our
prtion has been one-fourteenth of the
htire crop of the country, the total of
hich is estimated at 6,600,00 bales.
he excess in receipts at Memphis
lring the past season as compared
it'll the previous one is G0,45S bales,
|hile the excess of the total crop is
bout S5l ,237 over last year.
THE HEAVIEST EVER KNOWN.
The cotton crop under review is
l%erefore the largest on record by over
lree quarters of a million Of bales,
ID is upwards of 400, 600 in excess of
former yields except the two last.
/ the consumptive demand OF
Elrope and America has kept pace
an this mammoth cotton harvest,
I'D it is believed that the increase of
DEDUCTION cannot swell beyond the
crease Of demand. It now needs
5000 bales Of cotton per week to
tisfy the requirements OF American
BID European spinners, a total per
inum Of eight and a quarter million
bales. The average consumption
American spinners is $4,000 bales
II week, hat Of England $4,000 and
the continent of Europe $4,000
lies weekly. The necessities of
urope are now 1900 bales per week
ore than last year at this time, while
lie many new mills put in operation
America with large additions to the
nmbcr Of spindles in old ones, and
he steady demand during past months
r heavy goods, has made a notable
crease in the csnsumptiye demand
this country.
During 1880 Europe consumed
DO, 900 bales Of cotton more than the
par previous, while the United States
sed 1,7S9,97s bales against 1,558,329
.les the year before. Out Of a crop
st year Of 5,T6l ,262 bales We sent
Broad 3,S99, 900 bales. This year out
+ a crop Of 6,60O,O0O bales VIC have
hipped to Europe 4,546,0O7 bales, an
xcess over last year of nearly 65G'UOO
lies. The consumers OF Edrope at
he opening Of the season did not ex-
oct more than a third Of this excess,
ct they have found use for it all, as
ccumulatad stocks are not excessive
ring only l,729,OS7 bales of all classes
nd 42l, 1854 bales more than was on
and at this time last year.
REVIEW OF THE YEAR.
The cotton season opened ON Sep
ember 18th with a propitious outlook.
'he visible supply was ,293, 3H bales,
he price Of middling in Liverpool
eiue ia, in New York re, and here
he. The previous season had been
ro6table and satisfactory, the i'm
Ossse crop Of 1851 .262 bales having
zen produced, with moderate outlay,
ma realizing fair returns, while trade
ad ruled unusually lively and pros
berous throughout the year, both in
his country and Europe, cotton meet
ne ready buyers at fair prices. E'ti-
mates Of the crop just beginning to
aoye into market varied between
100000 and $500, 900 bales, while
this country few calculated on mgrc
han 5000 900, and the majority in
lined to about the same yield as the
previous year. The stocks werenot
Excessive, and il was we'll understood
hat both in this country and Europe
ahe consumptiye demand was steadily
easing. Under the influence of
seipts at The ports, andiue
9r gathering the crop, prscs
dechn&, and on the Boot
II the lfgher classes droppd
IRON to lo 6gr ID. Six days afr
prices advanced, and vhe low GRADS
went Up ! to 8c ky the close Of 10
month, while mi Ceilings had droppe,
/ to 9obolow pqIning prices. Rain.
wea prsr led throughout tn
Soul itcrfered with pickin
hough receipts at th
n increase Of l24,83
year before for sam
0 more than in Sep
Q total for September
I78 bales. In Liver
y was down, the pric
at Gid, a fall Of !