Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1883-09-01
WAp,c nEcmTc
4A0 HEQQLtOs
Cotton Receipts $780,
709 Bales.
Heaviest on Record
Except in 1871
And But 693 Bales Short
Of That Season.
Lowest Average Price Re-
raiYed Since 1856, q Pc
Rod Of rs Years
Largest Crop Ever Grown, and
the Yield Per Acre 2 ~ Tbs
Moro Than Any In
History.
-
Sales to Exporters 279. 100 Bales,
and to spinnsrB l67, 4O0 Bales.
Total Value Of Memphis Receipts $25,.
D5s,524, Being s6.244.ls6 In Ex-
cess Of Last Year,
which IL a Larger Amount Of
Money Than Our share Of the
Crop Sold for Since 1876.
Increase In Local Manufacturing Enter.
prlses-.-A Sound Financial
Condition,
And Details of Produce ship
meuts, Together With
Value Variations.
Largest Crop Ever Grown, and
the Yield Per Acre 2 ~ Tbs
More Than Any In
History.
Sales to Exporters 270. $50 Bales,
and to spinnsrs l67,400 Bales.
Total Value Of Memphis Receipts $25,'
D59, 524, Being $6.244,I36 In Ex-
cess Of Last Year,
which IL a Larger Amount Of
Money Than Our share Of the
Crop Sold for Since 1875.
Increase In Local Manufacturing Enter.
prlses-..A Sound Financial
Condition,
And Details of Produce ship
meuts, Together With
Value Variations.
COTTON.

COTTON.
A review OF the cotton market here
during the past year presents many in
terosting and gratifying features, despite
the fact that prices have steadily declined
a total OF from 2Nc TO &c per lb on all
classss. The receipts here exhibit an in
crease Of l72, $40 bales over the previous
wear, and are the largest on record, with
a single exception, while they have been
within a few bales of the exception noted.
The largest accession came from the west
by the Memphis and Little Rock railway,
the increase over that route being 66.662
bales. while the increase from the south
ward by the Mississippi and Tennessee
railway was 28,676 bales, and over the
Chesapeake and Ohio railway from the
north 1927 bales. The Mississippi river
r steamers brought 1887 bales more than
the year before; the White river boats,
1873 bales more; the Memphis and
Charleston road, $500 more; wagons, 1887
more; the Louisville and Nashville rail-
way, 1908 bales more; Arkansaw river
steamers, 1894 bales more, and st. Fran
els river boats, 2288 bales more.
OF the total increase Of 1893, 1888 bales
over the receipts Of the previous year, the
Mississippi valley and the country west
of It marketed upwards Of 1,127,000 bales,
orAll but $1,000 bales For example, the
ine=5ased receipts at New Orleans were
4Sl,09O bales at Galveston, Ss6, 500 bales;
at Memphis, l72,000 bales. and at St.
Louis, 1880 bales. The total increase Of
receipts at all Of the Atlantic coast mar
kets from Boston TO Florida, have been
only $4,000 bales. and nearly $4,000 of
this increase went into Norfolk, a large
share Of which was sent to that point from
this aud other places in the Mississippi
valley.
The large increase at Galveston and the
moderate increase at ST. Louis, was due
mainly TO the increased area cultivated in
Texas, and partly 10 the improved yield,
while the increase Of this and other points
South, together with4e, coo bales of increase
at Mobile was chiefly due to the improved
yield. The market opened here last Sep
tember with middling at l2tc per ID, and
the promise Of a large outturn caused a
gradual depression in values, so that by
the end Of the first month of the CONNER
cial year prices had declined lac to Ike
per ID. The total sales here during Sep
TENDER were 1915 balos, ofwhich domestic
spinners took 1850 bales and exporters
e50. The first bale Of the season arrived
on the I'd Of September, four weeks later
than the year before. Il came from Tu-
MICA, county, Miss, classed middling and
sold TO the Pioneer Cotton Mills, OF this
city, for 26c per ID. A bale arrived from
Alabama on the 9th, weighing 4O3 lbs; one
from Tennessee on the 9Th, coming from
Centennial island, 80 miles above che city,
and chasing strict middling. A bale
from Nodena. 10 miles further up, came
in on the 9Th, weighed 49l lbs and classed
strict low middling. The foregoing ar
rivals gave promise that the CROP would
be Of desirable quality, the staple being
long and strong, and while il was later
than the average in ripening, the pros
poets favored a prolific yield. The quo
tations here were revised nine different
times during September, and each one
recorded a decline. In New York mid
ding opened at 12S, and fell straight
along 6-l6etJ 10 ii q-l6c per ID. Liver
pool uplanda, which started at nc, closed
at Esd, q decline Of I'D, and the Man
chester fabric and yarn market was 1ai
and dull at the opening, but became act
I've at reduced figures before the end Of
the month.
The visible supply Of the world at The
opening OF September was l,343, 524 bales
a decrease Of 842,865 bales as compared
with sne previous year and an increase O
96,66e bales, also 1874, 66l more than a
the same date in the two previous years
Miidling uplands was 3-l6d higher thar
the year before, I'd above 1880 and 5-l6t
above 1879 at the same date.
Shipments from Alexandria, Egypt
which owing 10 hostilities became sus
pended in june, were resumed during tn
last week Of September, and 49l4 bale
were forwarded 10 Europe. The quie!
suppression of the rebellion, Il wa
claimed, saved the Egyptian crop, bu
mean Of transit were disorganized an,
ginning works were out Of repair. There
fore until matters became more settled tn
shipments we're light.
A feature connected with the earl,
picking season was the fact that more thai
ter inches Of rainfull occurred in South
ern Texas during August, and storm,
weather retarded both the ripeninR AM
picking Of cotton in that section, and In
crop throughout the State was greatl,
endangered. The same condition applie,
~ AtNAaAnAAh anu but toNtltFn portion %
the cotton belt generally. Dry weather
however, was all that prevented most ex
cellent promise, and this came about be
Sore tle end OF the month. First bale
went into Yicksburg August %; to St
Louis from TexarkAna, on the oath; I,
Wilmington, N O, on the 18th; and int,
Norfolk, on September 9Th.
During October there were ten revision
OF prices in this market, all but one 70
cording lower figures, and operators for Al
advance were greatly demoralized. Tn
sales for the month here were 65,l25 bales
Of which exporters took 1896. spinner
1910 and spectators 1850, In New Yorl
prices went down TO the lowest poin
souched for five months, and middlin,
fell &c by the 9th Of October, middlins
then being 10 ll-l6c. Here values wer,
reduced from 4 to lAc on the seyera
grades. A light frost occurred here dur
ing the last week in October, the mereur,
dropping to 46o, and storms were reported
At various points in the cotton region
The tenderest vegetation, however wa
not hurt by the frost, nor did the storm
lnjure anything. Dry weather in Texas
Louisiana and elsewhere caused zoo,
progress In picking, and the indication
pointed 70 a large yield. The total cottol
which had come into market in this conn
try by the 9th Of October was !. 28g 81
bales, and within 10000 bales of m
year before, when the season was exceed
ingly dry and ~unfavorable and the ero'
was shortened by tie Burning heat Of ii
almost rainless summer.
The worlds visible supply October 27t
was l,645,4l6 bales, a decrease from m
year before of 268,0i2 bales, and fror
1880 OF 0,862 bales, also an ~inereas
OF 2B9,066 over the same time In 1879.
feature Of this period was the annual re
port Of Mr.. Ellison, who estimated thai
the American crop should reach G.8OOm
bales, low prices would ensue. He Al IN
same time calculated that should il reae
the sum named, there would be 10000
balos for shipment 10 Europe, which
with 49, 600 expected from India. An
so9,vOO from sundry sources, the sunni
Of Europe would be 100000 bales. w
actual shipments from this country /
Europe have exceeded Mr.. Ellison
highest anticipaiions by nearly 1000
bales while from India the movemen
Agures.
In his report MI. Ellison said the I'm
ports into Europe for the year ending On
tober lsh 1872, wors s,68AOoa Ame,icen
l6ol,OO East Indian, and 95i, 900 sun
dries, making the total 6,l42O 600 bale
The stocks Of all Europe IN the hands 4
spinneIs az the end Of The gear were pive,
A l9b,Ol0 bales, against 265, 900 the Yea
before, and $4,000 in 1880 Reducing M
weights o. bales to 400 lbs from the aver
hge of4SO IN Great Britain. ssd 40 on Ii
e1s. lean