Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1882-09-01

A YEARS TRADE.
Our Total Cotton Receipts
33s,245 Bales, Worth
Si8, 828, 338--.Ds-
crease from
Last Year 1871, 0 Bales, and
In Value $5,267, 72l--Av-
srags Weight 476I-S
Pounds Per Bale,
and IS ~ lbs
Less than Last Year---Aver-
age Price Realized $II.65
Per Cwt., or $50
Per Bale.
Estimated Total Crop 5.400,-
600 BaIes---TOtaI De-
crease Over I,2OO,-
600 Gales, Yet
In Magnitude the Third Larg-
tSt on hecOru--
Gets ne-SixteeHth
Of the Whole.
We Send I67,I753aIes abroad
and SeIII33,OOO BaIestO
American Spinners.
Review Of the Grain ant
BrsadstufFs Markets
Heavy Increase In
Food Purchases
And DiStributidn-.-A Favor.
ahlA Financial Ev.
We Send 67,l758aIes abroad
and SeIII33,O 900 BaIestO
American Spinners.
Review Of the Grain and
BrsadstufFs Markets
Heavy Increase In
Food Purchases
And DiStributidn-.-A Favor
abba Financial Ex-
hibit, ETC., Etc
COTTON.

The cotton trade Of the past year has
been generally satisfactory to all classes of
operators. Even spectators have little
cause to complain, though at one period
they were badly out of pocket. The pro-
Queer. though the yield per acre was
short, has realized fair prices throughout,
while buyers and consumers have in the
main been well satisfied with their pur-
chases. The bulk Of thu crop Just market
ed was cleaner, drier and in better condi-
ton than any Of its predecessor, gong
back half a dozen years or more, and the
strength and length Of the staple or fibre
averaged iavombly with former yields.
The result has been less dirt, trash and
wastage in manufacturing, and the a v
ing TO the latter out Of the total crop.
owing to It's improved condition, may Be
safely put at 10000 bales.
Another feature of interest Is the fact
that the value of cotton has inclined stead
lily toward higher prices from the opening
to the close Of the commercial year This
relates TO actual cotton only. as among
speculative dealers IN futures. in the
carly spring months, fluctuations
were wide, and 10 many very
disastrous. Out Of 81 changes
IN prices Of cotton on the SPOT in
this market during the year, an averages Of
one per week, Al recorded an advance in
value, while but II noted declines ranging
from = 70 &c per pound. The previous
year 60 changes in value occurred. OF
the o2 variations the past year 10 were in
oeptem0er IN October, Z in November,
o each IN December, January and Febru-
AIRY, Gin March ian exciting period among
Spectators, 2 in May, 3 each in June and
July and l in August. The total advance
during the year, or relative difference In
value OF the several grades, is 2Ac perlb
hlgher ON ordinary, &c on good ordinary
ana low midellng, lie on middling. Ike
on good middling and &c on middling
ialr. In addition the classification has
been higher throughout the season Tho
bulk OF the crop marketed here has Graded
from good ordinary TO good middlibg.
Last year the grades nn chiefly
from low ordinary to low middlid9
lhls difference IN classification has pro
ven OF much greater Importance to
growers Of cotton than many mov
imagine, and il is safe to estimate the ie-
alizatlon by planters Of from ! To Be Der
pound more for the pesI years erop than
was returned for the previous dusty. infe-
rior, low graded crop, so much minated
by rainy, bad weather. which ruled almhst
m~eessantly throughout the picking season.
ms improvement has made middlinq
cotton Inc basis Of average price the ptst
year, and ll65 thefgure, against low mid
ding last year, at an average Of 9.9S, or
l.6i, nearly lie per pound lower.
Large lists of low graded ordinary cot-
lon were purchased and shipped from
mere during the season Of l8S0-Sl al from
b to 6te per pound, while the same conld
not be had during the past season at loror
figures than from 81 TO lOlc.
The gathering period last fall ,,ss ex-
ceptiOnally favorable throughout and
planters hal all oftheir cotton in their Din
houses long be'oret the Christmas bolidavs
while the bulkof It had been marketed
Indeed, there was a free marketing oftbe
crop from the time picking commenced
and It continued without cessation tbroDgb
the earlier winter months.
The ripening season was much earlier
than usual, owing 20 a destructive
drought which began early in ,Juiv ma
continued until The closing days Of De-
lober' Cotton, m consequence, matund
early and ripened rapidly throughout tho
entire cotton belt. In many upland dis
lr'cts the bolls cracked open too soon far
The good OF the yield. There was talk Al
one tlme o. injury to the staple. but no
complaints have been heard from the CON
sumner on TINS account. A feature of In.
terest was the rapid advance in value
during the early part Of the wear. of Tho
lower grades. The bulk Of the large stocks
abroad at the end Of August, q, eci,lly
American was set down as low cotton.
Dut me new crop, AZ II
moved INTO market, was so clean and
nigh IN classification, that the Inferior
grades were fast taken'up both at nome
ana ab. DAD, and the buying demand ran
heavily on the lower grades. D~uringlthe
month Of September alone low cotton sent
up lie per ID here, while high grade. al.
yaneed only le. The fluctuations In sen-
tVihoer were more numerous than at my
other period, and between the 18th and
lgth prices here gave way le per h on Mi
classes, IN sympathy with The decline
elsewhere, but there were eight records Of
an advance here during that month
me total yield Of cotton for the entire
south wa. reduced full 6'0tOO bales bv
the excessive drought alluded TO. added 10
ihe unprecedented heat, and the scason
ma no parallel in this respect ince
During August Of last year the temner.
AZURE here rose 10 lO4l in the shade an
altitude previously unknown and
throughout the cotton belt the heat was
generally as severe. The dry season which
continued until late IN October enabled
pi,htets 70 save their cotton In clean niee
order iroe Rom dirt sand and other i'm
purilles, which so overloaded theprerions
crop gathered as It was mldst Tic
rnlniest n muddiest season in history
Our hrstf ost occurred, a. not d In ntnble
elsewhere, on the 18th Of October Int Il
was not until the 4th Of Novembor lhat 4
killing frost appeared. Twenty davs ntol
we ialtef daie the temperature dropped e
ana zee formed all over the cotton
beit entirely killing tho cotton plant
etsfNWhere The lateness of tbs freczl
added much 20 the yield, which proved
lhe heaviest on record, leaving out "a,
two previous crops While il nails shor
oflast year nearly 10000 bale. and TN
year before $4,000 bales yet 1t Is NOR
than SOO,OD bales IN eacess Of any forme
crop. Our local receipts this wear havI
ialien on l8l ga bales, and he none,
waiiaed and distributed ~ ,foducers i
this Vicinity falls about @.2bIOOO boloy
the total Ofike previous crop In allud
ing 20 the falling OIL IN roceitls here, sew
eral interesting points are suggested. Tn