The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-12-11
ArrEAL OFFICE,
DOMESTIC EXCHANGE.

DOMESTIC EXCHANGE.
New York and Eastern demand 81 dis
count buying, sight 50 discount buying
par selling. New Orleans = discount buy
ing. 81 premium selling Cincinnati, St.
Louis and Louisville, demand 81 buying par
selling
The local cotton market closed steady.
Sales, 800 bales, or 200 10 exporters and
1900 to spinncrs. Mcssrs Hill, Fontaine 4
Co., Of this city, issued the following cotton
crop report today:
"The indefinite report Of the Bureau Of
Agriculture issued lastmonth, regarding the
yield Of the cotton crop Of 1850 prompted
us on the 20th OF November 10 mail go
letters OF inquiry 10 every section In the
South and gather statistics as TO the outcome
OF the crop. The responses TO these inquiries,
which bear average date Of DEFENDERS, have
boan carefully arranged by States, aud there
can be no question as to the correctness OF
the replies received, embracing as they do
the knowledge ~ the factor the buyer and
the planter, The past season has been nn
unprecedented one in many respects, The
plant was thriving well until early In
n
accompanied with heavy rain, swept over
the South and continued for forty-eight
hours The damage sustained from that
storm which penetrated the plant, was
aggravated by continuous rains which fell
all during August and September. The
picking season, which began the latter part
Of September, was seriously interrupted by
spells Of bad weather which prevailed at
short intervals during October AMI Noycm-
Der aud delayed the gathering Of the crop.
and many balls which were m1turcd aud
ready 10 open roiicd aud dccaycd From
every section Of the South the same com
plant Is made of cotton open In the fields
and being damaged aud destroyed by the
damp weather. At no period since picking
commenced has there been ten DAYS Of CON
tinuous fair weather. The question u labor,
hitherto ample aud working well at this
season, Is now reported as scarce and very
unsettled This Is doubtless due Ia some
respects a. the recent national election, but
In many sections of the South the long CON
tinnous wcat weather dishraricncH the cotton
picker who were daily becoming moro In
vol,cd in debit aud they have deserted
thc cotion.tel !. Tor mnrc rrmuncmtiyc aud
steady wages In working on railroads and us.
si-t In building lcyic- The responses 10 our
letters of inquiry enable az 10 make an csti.
mate ns 90 the yield of the present crop Ut
cotton, which We place No G,5iGoJO bales, or.
in roun1 figures. $4,000 less than Last year.
There Is o. general decrease reported irom'
every State excepting Texas and Tennessee.
In hc iormcr. the reptiles are at Variance,
som0 rcpurtins AN Increase yield over last
year WHILE majority reported n decrease
lu our estimate uf Texas We inclined a. "a
slight increase, but thrrr i no doubt " %
very lnr,r shortage iu the northern half of
The State The greatest loss reported u from
the Mississippi Valley where la many ooun.
ties the crop will mll short fully gh per
cent oi last year our estimate Of G7iGV1
halcs is thc maximum yield aud may be- ~.
ducel by Indictment weather which would
further clarl picking aud Increase the loss
~ the planter whose cotton Is now open in
tie field, but cannot bc saved unless fair
weather prevails"
A. to the Texas crop the following csti.
mate. cent New Orleans cotton house from
Houston Tex, will be- found of interest
After CAREFUL Investigation. based on re-.
plies from cpuutcI which produce 70 Per
cent. OF The crop of ih.s State. We are forced
60 the conclusion that thc crop 81 Texas can.
not possibly exceed the one VI last season
Which official h,ur. place at i.3sl. Olo bales.
but which We believe rather cSccc,l, the
actual production ~ is,5-S In arriving at
this conclusion We have uniformly leaned
10 the idea Of larger yield than our GORE
sp0ndcucc would indicate. and after max Ing
due allowance Tor increased acreage over
lat year aud arriving AZ a total In this way.
have added fully pr ccut f1r natural bias
81 correspondent who are usually disposed
o. und,rr Innate crops II our replies wcr,
complied exactly as they have come Ia u..
The result would Indicate a crup somewhat
below L27Scy1 balls. Tic great shortage
o,eur in North nnl East Texas. while III,
rrai GENITAL region where crprs an,
"apptl'i,' show substantially same rrup,
o. last so. on. Wc,t aud Southern Tr.a,
thow considerably better crups Thrtc,ssf
has been very y. 'uliar. in that tho cfpp. iu
The Northern belt wcrc planted mnsusii,
late, and replautiuT in some Instance, a
manyas four or live timt. was ucr,s AIRY b,
iorc asiand was SECURED. Seems tou.t tia
The proper allowance was never made ia
this. hy h0s' who took such q hyorlb
Wow Of thc possibilities before the KILN
frust OF thc lDth ult"
- New Orleans spots closed steady. wit
futurcs steady ht nu advance of2t, s. point
Liverpool 'iu,i quiet with moderate 10
quify iuiur' steady Tho New York mai
kct closcl arm. with future. barely stead
and az 70 ruilts sales last week a,
previously reported 80 bale, Tor cyport.
Hubbard. Price & Go. tay. RECENT.
the ports continue to be- uic controlling Il
nucnco In the market. and thc mn,smri
today being lighter, the market has. in col
sequence, ruled somcw hat higher. Thou.
the narrownc.s u speculation l. sul "a
parent, and the change IN price. cumpar
lively small. The distribution II the world
supply is a feature Of the situation ~
coming into consideration, and the fact n.
Liverpool haas imported and had ca rou
moW cotton than at this time lu. year
an argument in favor II the theory that IN
market must soon he relatively cheaper thi
asat present compared with New York. ~
tends 10 encourage those Who have bong
futures here against sales abroad. Advir
from Memphis, Augusta and st. Louis thu
that the interior receipts there today q
considerably In excess Of what they We
at corresponding date last ycnrr o.
insure large Interior movement next n