Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-09-09
THE FIRST BALE BOOM
Closed Out ON a Sale Of Six Bales in DE- e
Zoe Yeste-day - ttse Cotton
Exchange.
Tennessee's Bale Realizes 40 Cents and
Arkansas 81 LIZ Cents-Ofhers an,
but Too Late.

There was perfect storm Of new bales on
this market Yesterday, six occupying the
banquet in front OF the Cotton Exchange
early in the morning. One was from len
nessee, the other five being from various
points in Arkansas. They were labeled as
follows:
"First bale from Tennessee, grown by Joe
Butler on Msjor McKay's place on Centen-
NAL Island, Upton county, Tenn, consigned
to Fulmer, Thornton & Co." This bale was
broug hi down by the Anchor-Line steamer
Ste. Genevieve early Thursday morning. 1t
classed strict middling, and weighed 39'
pounds.
First new bale from Mississippi county,
Ark, grown by Z. B. Bell, Nodena, Missis-
sippi county. Ark; brought bY the Memphis
and Arkansas river packet Katie Hooper,
consigned to J. I. Fargason d Co." This
bale clsksed strict low middling, and weighed
491 pounds.
"Second new bale from Arkansas (frst
from st. Francis county, grownsby John T.
Lynch, Forrest City, st. Francis county;
brought by the Memphis and Little Rock
railway, consigned to Pearce, Suggs Petit
This bale classed good middling, and weighed
543 pounds.
"First new bale from ST. Francis county,
Ark, grown by John Pope; shipped by
Wynne, Dennis Il Beck, Forrest City; brought
| by the Memphis and Little Rock railway,
consigned TO Hill, Fontaine & Co." This
! bale classed good middling, and weighed ass
I pounds.
sFirst new bale from Prairie county, Ark,
grown and shipped by A. L. Aydlett Co.,
| Surrounded Hill, Prairie county, Ark, con-
signed to G. P Hunt g. Co., brought by the
Memphis and sLittle Rock railway" This
bale classed strict low middling, and weighed
55S pounds.
"First new bale from Monroe county, Ark
| = n,,la
| Saulsburg, Monroe county, Ark, and shipped
! by him, consigned to Furstenheim d Well
ford brought by the Memphis and Little
Rock railway" This bale classed good mid
ding, and weighed 427 pounds. Mr.. Fur
stenheim stated that Mr.. Salenger has, dur
ing the past ten years, shipped to this market
annually $1,000 and 10000 bales OF cotton.
The sale was advertised to take place at
noon, by which time very large crowd OF
merchants interested in cotton had assemble ed
and discussed the merits OF the various bales,
from which we CLEANED the fact that the staple
was better than is usually found in the first
| products of the season, and taking 1t as an
| evidence OF what this seasons crop Will be
insures the best staple can be raised IN TINS
region few minutes later than the noon
hour the auctioneer, Mr.. A. M. Sloddardi
mounted the cotton and proceeded TO sell the
| bales, beginning with the one from Jennes-
| see ii bsir- tho fret of the lot to arrive. 1t
was started at twenty cents, by Mr.. Napo-
leon Hill, of Hill, Fontaine & Co, from
which it was raised to thirty and one-hali
cents, Messrs. Bowling, Jones & Co. being
the purchasers. Some misunderstanding
arose about the sale, when bids we're again
opened and run up tosforty cents, at which
price it was knocked down 10 Messrs. Hart
mus b Co. Sale was then begun OF one Of
the Arkansas bales, but as there was no way
of deciding which was entitled 10 first
place the sale was made conditional that
the purchaser should take one or the lot. The
bidding was started by ]. I. Petit & Co. al
twenty cents and worked up 10 thirty one
and a half cents, the purchaser being Messrs
Wm Froslich Co., who took the lot OF five
Arkansas bales.
After The sale was closed we we're shown q
telegram notifying Messs. Brooks, Nicely q
Co. that a bale mad been shipped to then
Thursday from Grenada, on the Mississippi
and Tennessee railway, which should have
arrived here at 8 o'clock on the morning o
the 9Th, but from some cause unexplained
did not get in until four hours later, ano
could not be recognized first bale. W.
heard also of another which arrived later II
the day, also too late TO be recognized. L
was shipped by Guy, Kendall q Co. iron
Harrison's Landing, Miss, consigned to j.
Goodwin & Co. And still another brought BY
the steamer Josie Harry out OF White river
shipped by F. j. Robinson, from Indian Bay
consigned TO Crawford, Mallory d Co.
In this connection we are authorized Z
state that the sale Of yesterday closes out III
"6rst bale" business, all the States IN TIM
Memphis district have been represented, anS
no more will be recognized.