Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1881-10-18
Items Of Interest About II, As
Viewed by Latham, Alex
RD1er a. Co.

ander a. Co.
The eighth annual edition ofMessrs.
Latham, Alexander & Co.'s publiea-
ton on the movement and fluctuations
Of cotton has been issued, and through
the kindly favor Of the New York
bankers and cotton commission mer-
chants mentioned, a copy has reached
this Office. The work is not published
to be sold, b=t is distributed gratu.
itOusly among the friends and Gus
toners Of the firm. 1t contains a fund
Of valuable information in relation to
cotton that cannot be found else
where, and all Of its 1913 pages are
~exq1isite specimens of typographical
skill. The book is both useful and
ornamental in the highest sense Of
those terms. The following extracts
from the report are especially inter-
esting. 1.-THE cotton business OF New
York for the past year again shows an
increase. The total receipts have
been l,160,9S7 bales, Of which 1911 ,Sl2
were received from the interior direct.
Sales from the table amounted to
32l.275 bales, and deliveries on con-
tracts to 2O7, 900 bales. Deliveries on
contracts, or cotton for future deliv-
cry, reached a total for the year of
over %, 1000, 900 bales, Present indi-
cations are that business in future
delivery cotton will be very active
during the coming year" In regard
to the future Of the cotton interest,
which Messrs. Latham, Alexander &
Co. consider very promising, they say:
1.-THE new cotton year begins with
every promise Of a healthy and salts.
factory business, although We enter
upon the season with an excess Of
some 100000 bales over last year,
much of which, however, is low cot
ton. Should the crop prove very
short, prices must greatly advance,
and while many individual planters
will suffer serious losses, the pro-
dacing districts, as a whole, will re-.
alize substantial profit for their labor.
A full rate Of consumption may be
expected throughout the world, for
the manufacturing interest generally
is in a hourishing condition, and the
natural increase from year to year in
the worlds population renders a cor
responding increase in the production
Of cotton fabrics necessary. During
the year English aud continental
spinners have experienced an I'M
precedentad demand Tor goods, and
while the increase this year cannot
be expected to be as large as last, it
may in the end prove to be consider
able. The remarkable growth and
prosperity of our own country war
rants belief in continued large bust
ness and increased consumption.
While the falling off in our crop, on
account of the drought, is a matter of
serious consideration, and may for a
time cause a curtailment Of purchases
by u merchants, other favorable
conditions existing in the United
States cannot be overlooked, for they
are such as are liable to fully counter
act the adverse influence Of a partial
failure Of u crop. Stocks OF cotton
andImanulactured goods held by our
mills are small and profits of spinners
entirely satisfactory, the material
wealth of the country has increased
several hundred million dollars within
the past three years, and the con-
tinued Influx Of %emigrants from all
parts Of Europe is much greater than
ever before known, aud, consisting in
part OF much better class, adds to
our requirements Of eottongoods. Our
mills are all running full time, the
number OF spindles has been
increased aud new mills have
been built. This is particularly
the case throughout tho Southern
States, when there is every evidence
Of energy and enterprise, and where
cotton spinning is destined to become
the leading industry" The prospect.
i've supply 20 be drawn from other
countries .han America are estimated
by Messrs Latham, Alexander e.
Co., as foliowg; From India and
Egypt an increase of 100, 600 to 15O..
900 bales Ray he obtained. also a
small increase from Brazil and other
sources, but not enough cotton can be
expected from those countries 10 fe-
ure materially in the supply, should
the American crop prove as short as
IS aniispted. The imports into ali
Europe during last year is given az
$4,000 bales. Of which 4,53O'0J0 was
American, LIPS, 900 East Indian and
from sundry sources. These
show an increase of 625, 900 /
Iales Of American, and a decrease Of !
! 900 East Indian, also $1,000 bales !
'ss Of Egyptian ETC., as compared l
18th the previous year, e