Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1882-01-16

months, amounting to 336,S22 bales,
and we have total 3,7lO999 bales of
this crop now in sight, counting moth
ing for the overland movement since
the first Of the present month. Taking
the figures of the last short crop year
that Of l871-2-as a basis, there
came into the ports after the present
date, l,O28,OOO bales of cotton. The
same added to our present volume.
allowing nothing for overland move
ment, would give us a total crop this
year Of 4,738,999 bales, while estimat-
ing the total overland movement at
the same as last year, it will give US a
crop of over 100000 bales. The crop
Of lS74-5 was the next lightest to that
of 1922 Of any during the past ten
years. There came into the parts
after this date that year, 100000
bales, or nearly 10000 more than in
1871. In the other years of the past
ten, the port receipts after this date
ranged from 100000 to 100000
bales. In making estimates of the
probable total for this year, it will
doubtless be safest to use the figures
Of the shortest crop, as it is very
certain that not much cotton remains
to come forward from plantations and
no great quantity from interior towns
In fact, it would be no surprise to the
well informed Of this viciuity'if the
amount to come forward between this
and the end Of August falls from a
hundred to two hundred thousand
bales behind even that of 1912. The
National Cotton Exchange report, un-
der review, shows the total overland
movement direct to spinners to be
3O9,O bales, being 81 ,49S more than
last year for the same time, and 5,845
less than the year before for the same
period. After the 1st Of January last
year the overland movement was 25O,-
TAI bales, and the year before 1884,
bales. 1t will hardly be as much this
year, but say that it be equal to year
before last, and add the figures
OF that year to the quantity already in
sight this season, with the total re
ceipts after this date at the ports of
say amilliOn Of bales and 225,0O0 bales
for Southern consumption. the aggre
gate crop for 1881 2 will be close on to
100000 bales. From the way it ap,
pears therefore at the present time the
situation favors the short crop esti-
mates, ranging somewhere between
100000 and 5,250,0OO bales.
The National Cotton Exchange
report gives the total cotton that
had come into sight this year for the
four months named as above remarked
at l52 81 bales less than the year be
fore. 1t also gives the average takines
of northern mills at 5S,l75 bales per
week, against as, ,l40 ba les last year
and 52,5O6 bales the year before. The
total takings for the four
months this year were 1,Ol3,-
9lS bales against 839,O7l
last year and the year before 9l5, lao
for the same time. Of the supply for
the season it is set down at present at
only about $4,000 bales less than last
year, while it is 225,OOO more than
year before last. The total exports for
the four months under consideration
this year we're 1,506,8l5 bales, against
1,993,532 bales last year, while the
stocks attho ports at the end of Dec.
we're 1,226, ,225 bales and 2i9, GIG more
than were at the ports the same time
a year before. From appearances,
there will be no scarcity Ofsupply this
season, though stocks on hand may
perhaps be much reduced both abroad
and at home, should the combined
consumption of Europe and America
continue at the present rate Of from
10000 to 185, 900 per week.