The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-04-21
Evidences Of Its Superb Progress
The Cotton Crop as Viewed From
the Memphis Standpoint
Tho Future Manufacturing Pros
poets of the Country.
Greater Prosperity Than Ever Be-
fore Known in America.
Reading That VIII Prove Delightful to
All the People OF the Sunny
Land-Facts and Fig
uros.


From the Memphis Industrial Review OF April -.
Cotton has gained ! to &c per pound
during the past month; the statistical posi-
tion ia strong and the tendency has been
upward straight along, values now being
the highest Of the year. Indeed, not since
the middle Of July, 1887, has middlins cot
ton touched l0sc per pound. There has
been an active trade and consumptive de-
mand both at home and abroad. A brisk
and profitable traffic in manufactured
goods has ruled all over the world through
out the season, and Southern planters, now
busy in putting in the new crop, have been
stimulated 10 extra exertions to increase
the acreage Of cotton. while new mills will
be erected during the ensuing year and
many old ones will have their capacity in
creased. The movement Of cotton in the
Memphis market for the month just closed
md the seventh OF the cotton year,
shows receipts Of $4,000 bales, and
with a total for the season OF 09S,OOO bales,
we are 10000 ahead OF last year, also far
In excess Of any former season. Stocks
have decreased a, 600 bales, and sales for
the month sum up 62,0OO bales, Of which
1900 bales were for export and 10000 for
domestic spinners. The demand has been
active and all offerings have found ready
BUYERS, especially II OF desirable qualities,
and even holders OF inferior grades have
not been forced 20 press their property, a.
there i not likely 70 be- any surplus stock
In the south over and above the wants OF
consumers The current demands Of for
eiru and home splnncrs indicate q need
Tor about $4,000 bales before the new
orop now planting will BE- available, ant
stocks are likely 10 become extremely lJv
by the close OF the season, unless there
should be a reaction and a great dcpr. =
sion In trade. The wants oi the
south alone between this and the early
autumn will b. nearly 300 bales Of cot
ton. The oonsumptiye demand OF the
commercial world at present Is nearly 2Ol.-
900 bales per week, of which American
spinners are using 5000 bales, the North
crn mills taking an average OF 1000 bales
and Southern mills consuming nearly 300
bales per seek. For the past nine ycars
the visible supply Of cotton has not been
~ low as now at this date. Indeed, the
middle OF April has found the visible sup
ply varying from l25,0OO 10 OO1,OOJ bales
In excess Of the present stock, move
mcnt into market during the remaining
twenty weeks OF the commercial year OF
more than 10000 bales can hardly bo
expected, and Il IL quite generally agreed
that the total crop will approx
mate the figures given IN the
las, issue OF this journal, TIE same being
between, 7,i5O.OOJ and 100000 bales.
While this Is the largest yield ever ~
corded, vet the increasing demands OF the
world show plainly that there Il not likely
10 be any over production for years 10
come II ever. The great basins OF the
Mississippi dclia-the lazoo, ~. Francis
and Tcnsas when all lcycod and pro.
toctrd from inundation, ~ the lazOO basin
Is now, will annually yield ~ much, II
not more than lO,O1O,O00 bales. The
steady emigration Of our colored brother
from the gully.washcd hills and upland
of the interior, warrants tho prediction
long since made, that Il Is the darky's Dies
tiny TO inhabit and till the level, alluvil
lands Of the river valleys, whore the ~
cannot be easily worn out 10y carelcl
treatment. The receipts OF cotton hci
the current season have como-jOO,W
bales from Mississippi and Alabama, -
600 bales from Arkansas, 10000 bal
from Tennessee. Total sales here for q
season sum up sos, 900 bales. Of which &
export $4,000 bales and TO spinnea 22t
OO1 bales The value OF cotton sold lac
l. 1900 900, and this n within So,OOO,O
oi the amount realized for the scason
galcs nj New Orleans the quantity ~
there being reported nj 10000 bale
and hut 1872 900 bales moU than q
quantity sold here. The cotton NOV
mcnt nj the soap0rs presents some int
cstinr features. The total receipts at u
Gull Ports NJ Car, including Galycsto
New Orleans aud Mobile, sum mp $50,
600, and Is now 1900 bales ahead
last year; while at the South Ailan
ports the receipts SUN up 2, 10000 bali
= dccrease of &, 900 bales In view Of 1
prosperous condition OF the spinning
dus,ry and the probable construction
new millsin the near future u may bo stat
that since 1874, a period Of iofiy-t
ycars, there las been consumed IN
South G,515,uOO bales Of cotton, aud m,
than 100000 bales OF this has been ~
since 1870. The consumption In the !
years ending with 1870 was barely 3OO,'
bales all told, but since then rapid Hiri
have been made In the spinning Unjust
until now there are 2ij mills In opcriii
udug 1850 bales Of cotton per week. /
year the south used i3S,133 bales,
averages Of $3.50 bales per We
Between 1874 and 1892 tho Il
cotton used in the South
2,iOO, 100 bales, an average Of III, 80 b.
per annum and 2, l3j bales per week.
annual consumption varying from 20.
bales 20 10000 bales. From 1860 10
the total used was $685. bales, an ~
age Of 5000 bales per annum and l,
bales per week. From 1870 10 1896
quantity consumed WIS ., 275, 600 bales
~, 900 bales year aud i.31j bales
week. During the past four years I,
sumption In the South reached l.Gi0
bales, or 10000 bales annually aud ne
500 bales per week. The contump
In the South has more than doubled
ing the past nine wears. During the
sixty Year, the cotton crops Of the y
aggregate 2OO OOl.O00 Of bales, worth
OOD. OO0,OO0 OF this % ,OOO. 900 bales. "
over -, 900. 0OO,0O0, was manufacture,
this country.
rus SOITu.
IT. Future Manufacturing Pro.pe