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

iNoivO uditei ~ savannah ABOUT l4H,OU0
bales at Charleston l2b,0O0 bales and at
North Carolina and Virginia pc. Is f5O,-
OOO bales The gross receipts ut st. Louis
also decreased 1900.
Reviewing this market, it may be noted
that we opened the season with a stock Of
SiS4 bales, the heaviest 10 begin with for
many years, AMI we had received ISL
bales OF new cotton, against 50 bales the
same time the year Def re. Middling cot
ton was then lie per ID, and at no time
during the year has 1t gone more than ac
below that figure. It's lowest was from the
10th TO the 18th of October, when it
dropped {, lcEc, and its highest July
18th, when l2sc was touched, the total
range of variation being pc. Ordinary
shows the widest fluctuatiOn. the same
being Be per ID. The lowest was 7Jc and
the highest l0lc. Middling fair varied a
total curing the year of lee per III; good
middling lie; low middling 1lc, and good
ordinary Bic. As before remarked. the
lowest Of the year was near the middle Of
October, and the highest during the latter
part Of July. Long stretches Of time have
been noted during the most active part Of
the business year without huctuation in
prices, For ~ days between january 10
and February 8, no variation occurred;
also, q days, from March to April 10: "a
days from April 10 to May 10; Is DAYS,
rom May y TO june 81 and 20 days, from
July 8 to q. Frequent intervals Of 6. &
and 10 days transpired without a change
in quotations.
During the month Of September prices
advanced here from &c per pound on
middling TO lc on the lower classes. A
brisk demand ruled throughout the
month, sales reaching 5000 bales. Of
which spinners took 1880 and exporters
1910 and the sales kept close with The re-
ceipts.
In October prices touched their lowest
during the year. Picking progressed ran
idly everywhere, marketing was free. and
receipts accumulated rapidly nj All noints
The estimate of the probable Weld was
augmented On all sides and prices here
h~nctuated considerably, middling drop
ping TO lO1sc. but recovering and closing
1T llhc, a decline of &c from the open
ing hgure. The lower grades advanced
Ac TO Hc per pound above opening prices.
The months receipts were 1882 bales,
and sales 1920 bales, of which spinners
took 1900 bales. In Texas the picking
season was pretty well ell sed BY the end
Of October and the estimated out-tum
was about two-thirds Of an average crop.
The demands Of Europe at this time were
set down at l2S,OO bales per week and
500 in excess Of the previous year. The
Manchester spinning market was much
depressed this month, and prices Of
yarns gave way hahd, white shirtings
fell Il to Sd.
During November the visible supply of
the world increased to 2,5l0,8S0 bales. and
49, 49, in excess Of the previous year; also
4Ol,452 over the year before ut the same
time. The total receipts at all United
STATES ports, November 18th, had reached
2,O03 5l3 bales, a decrease as compared with
the previous year OF 266, 1O3. Prices here
advanced = TO &c per pound during the
month, and sales to %spinners were 3lOJO
bales, while exporters took 22,l25 bales.
The receipts in November were 81. n2g
bales, the heaviest month of the year
The month Of December was equally
brisk and prices changed but three times
during the month. Total sales BY the end
Of December were 1920 bales, of which
Eastern spinners had taken 1850 bales.
and exporters 63,OO0, the stock on hand
Increasing TO l04, 600 bales. The wear
before spinners had taken but $500
bales at the close oe December, and ex-
porters had purchased l45, 600 bales. Spin-
ners made the bulk of their purchases
during October and November, when the
eleanest and best cottons came into market
The entire takings in De, ember was but
1850 bales, while exporters increased
their purchases in December to q. l75 bales.
During January the spinning demand
fell of, and $50 bales were all they took
From this 10 the close Of the season their
total purchases were but little more than
10000 bales. After the m%idwinter holt
days the receipts rapidly fell off. and
interest in the staple likewise decreased
Barely 600 bales have come into This
market since January LIT, and the field of
operations was largely occupied duringthe
spring months by spectators Middling
cotton has sustained an advance Of Ic.
while the other grades show an advance
OF from Z TO he, since January lst. Al
luding 10 the speculative movement. il
may be stated that the Cotton Exchange
records of sales shows OILY 2i00 bales oil
actual cotton to have been purchased here
for this account during the season. Last
year the total sales 10 SPECTATORS was
$500 bales, and the year before
l4,OO bales. This trade has been largely
transferred to future contracts. and our
Cotton Exchange will soon inaupurate A
branch Of the system similar 10 that AT
New Orleans and other large cities.
Regarding the growing crop, now
nearly ready TO gather, il NAV be
set down as a late one. The spring rains
we're heavy, cold and frosty spells we're
frequent even ms late as the second week
in April, and much Of the early planting
failed TO terminate. Hardly a field could
be f und anywhere with u good stand md
in many localities Il scarcity Of seed pre-
vented %replanting, while the overflow Of
he river valley lands caused plating
there to be unusually backward. The
poor stands and generally backward
spring, however, have zen in a measure
offset by n favorable season since. Though
the pfant Is much scattered, especially in
The hill lands, yet II is vigor, US and well
truited, and, with II d fall and late
irosts, a heavy yield is indicated through
out the entire south. The opening of The
new crop, while late all over the central
and northern portion 0f the cotton belt
is progressing fairly in Texas, and South
Alabama, Florida, GeOrgiA and Louisiana
Galveston had received about 1900 bales
o. new crop by the 10th inst and 10 dnie
her receipts exceed 1900 bales. Augusta.
Ga, bad received 3 bales Of the new crop
On the 10Th inst, and Selma, Montgomery
aud other p ints received new cotton Ly
the middle Of the month.
The rainfall for the past thee wears
b tween the first Of March and the first of
Septembe-, was for 1880. .G6S inches.
1881, l7.4d inches; 1882, $3.50 in hes.
During March Of the present wear. the
rainfall was 1851 inches, and duiing NAV
0.l4 inches. The remaining month, en-
loved an avera G distribution O. the ,ain-
fall, i%nnging from - TO 81 inc' es each
month Last year the rainfall during
July was only OS9 and in August 1871
while in April and May it wns less than
3 inches each month. In 1850 the rains
were evenly dist ibuted, exceptthAt nearly
nm inch more foil In June than in June Of
the present year.
The first bloom received here this season
was ON June Is, from Craighead's Stone
wall place, Mississippi county, Ark, aud
came three days later than last year, the
first on that occasion coming from Court
land, Pamela county, Miss, nearly two
degrees south Of Craigheads New blooms
We're reported TO have opened this season
in South Carolina, June 9th, aud between
the 9Th and llth blooms We're received at
Shreveport, LH., and other points south.
The first open boil last year came from
Presidents Island, July 18th, and the
first new bale from the same locality, Au.
gust 9th, dfty-four days Intervening be-
tween first bloom and first bale, and
% days between the lr.t bloom and first
open boil. This year the first open boil
came August 10th, from Pryor Turner, 90
miles south on the river, near Commerce,
Miss, and forty-hye days interviewed be-
tween the first bloom and first boil. The
first bale Inst year was thirteen days ahead
I, Of the year before.