The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-03-23
ON 'CHANGE.

CLOSING prices OF May options at
Chicago yesterday: Pork, 50 so. Lard,
6.029c; clear rib sides, 5.s2lc, Corn,
3Sic. Wheat, size. Oats, 30sc.
MANY citizens OF Chattanooga,
Tenn, have petitioned Congress to
place the coin ee of silver upon an
equality with gold; that there be is
sued coin certificates of one and two
and five dollars, the same being made
a legal tender; that two dollar legal
tender notes be issued, and that the
public debt be paid as rapidly as possi-
Bile by applying for this purpose the
funds now in the Treasury.
The Commissioner of Agriculture of
South Carolina figures that it costs 9
cents to raise cotton in that State, and
the Commissioner of Agriculture of
Georgia arrives at the conclusion that
it can be produced in the latter State
for 8.323 cents. In the latter estimate
nothing is allowed for rent OF land,
but one-fifth of the cost is chargeable
to fertilizers, Accepting that calcula-
tion as true cotton can be raised in the
bottom lands for about Z 7cents, leaving
the planter nothing for the use Of his
land.
VISITORS on Change yesterday: Mai
S. l.. Barber, Humboldt; S. A. Gun
ningham, Nashville; s. Beard, Howell,
Ar; Jas. S Ewing, Illinois; Miss P,
Beesher, Illinois; John S. Brannin,
Louisville, KY; John M. Hall, Water
Valley, Miss Mime. NJ. B. Fry and
Misses Eugenia and Lula Fry of Bos.
ton, Nass.; A. c. Fry, Tenn. A.
Sterberger, Brownsville; II. N. Cain,
Jamestown, Miss. @. G. Yarbrough,
HollySprings; w. r. Dougherty, Cold
water, Miss. j. B. Canada, Collierville,
Tenn; L. A. Cohen, Holly Springs; J.
II. McGehee, San Francisco, Cal S.
w. Whitmore, Cleveland, o.; j. s
Emory, Illinois; Mrs. Mary Beecher,
city; John S. Braemire. Louisville,
KY; H. G, Victor Lynchburg; G. s
Marlborough, Holly Springs.
The blackboard of the Cotton Ex-
change that contains the records of
receipts and shipments was gaily dec
grated yesterday W tn blue ribbon,
suspended on either side OF a m MIA
ture cotton bale, and Secretary Hot
ter went about smiling smile that
was visible from the rear distance OF
100 yards. Assistant Secretary La
Hache was, il possible, more mercu-
rial than usual, and even Mr.. Wigs
was able to smile when chalking
down bad news on the New York
board, a thing he has never been
known to do before. President Craw-
ford, who knows how to smile even
when the market tumbles at the rate
of 10 points a day, was just trifle
more CHEEKY than usual yesterday,
and his smile a shade more pro-
nounced. The average factor studied
the board with a look that denoted
sense of personal triumph, and the
walking encyclopedia of statistics,
who is too well known to be
referred to by name, found new
material for the exercise OF his favor
ite pastime, figuring. Even the buy
ers, who are nothing il not chronic
GROWERS, forgot their usual habit, and
Joined in the general hilarity. The
cause of all this festivity was the fact
that thus far this season Memphis has
received 5l2,942 bales of cotton,
record unprecedented in its history.
The nearest approach to it was in 1871,
when the receipts of the whole season
footed up 51i 49, bales. In 1889 the
seasons receipts aggregated 5lO,789
bales. These figures have now been
left behind, and everything points to
100000 bales before the season isover.
This result is largely due to the pluck
of our factors, who will stand by their
patrons and hold cotton up when it
wants to 60 down, and who will run
the market up an eighth at a clip, but
have never lowered the peg more than
one-sixteenth at a time. That's the
kind of a market cotton is looking for,
and the figures show that planters have
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