Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-03-13
COMMERCIAL.
OFFICE OF THE DAILY APPEAL,l
MEMPHIS. March y. 1867, s pm.
WaaEIr RnnEaw

OFFICE OF THE DAILY APPEAL,O
MEMPHIS. March y. 1867, 8 pm. !
Weekly Review.
During the week past business has not
been favorable, but this is owing entirely
to the weather ard the condition Of our
streets. Buyers have been in the mar
ket, and erderssAave been received to
be filed, but in many cases these orders
have been held yer until they can be
shipped without damage. The difficult
ties which existed between our mer-
chants and the different railroads in
consequence of the latter refusing to
forward Memphis freights, has been par
TALLY adjusted and the goods which have
accumulated in Our storehOuses are be-
ing forwarded as fast as possible. The
dry goods stocks are varied and COM
plete-many of our prominent houses
having on hand as large stocks as on any
former year.. Prices are ruling steady
at our qgrstions, which will be seen by
reference, to compare favorably with the
New York market. In boots and shoes,
clothing, hats and caps, tobacco, liquors
and, in fact, every branch of trade, we
look for much activity so soon as the
weather settles. Our legislature has
done one p~raiseworthy act, for which We
feel disposed to extend due credit. The
bill to amend the revenue laws of the
state, which has been before that body
for several months, was, on Friday last,
disposed of. The principal amendment
adopted is that reducing what is known
as the merchants tax, from two to n
per cent. A committee of conference
had reported in favor of the amendment,
and on Friday it was concurred in by
both houses, and the bill as amended is
now a law. Half a loaf is better than
no bread, and although our merchants
will be likely to consider the reduction
as not going far enough, still the action
of the legislature will afford good rea-
son for eongratulation all around.
COTTON-The cotton market for the
week has been dull and heavy. Re-
ceipts are falling off very rapidly, and
holders are confident that a reaction will
take place at no distant day. 1t will be
seen that the market has undergone but
little change during the week:
WEDNEsDAY-The market wasinactive,
and buyers were not seen upon the
street. Receipts for the day, 437 bales
10
THURsDAY-The market was dull
and, if anything, about &c lower than on
Yesterday Oh all grades. Holders are
not offering, and the only buyers on the
market are those having small orders to
ill which they, in a few instances, done
the day at from q to 273c for
middling. Receipts, for the Gay, 20
bales shipments, 1920 bales.
FRIDAY-The eastern market has de-
clined rapidly, causing holders in this
market to withdraw all their cotton,
cover their tables and await better prices,
which they believe will soon be offered.
We could learn of no sales, but an active
inquiry from spectators who offer from
26b to &c for middling. Receipts for the
day, 459 bales; shipments, 202 bales.
SATURDAY-There were a few bales
sold to-day to fill orders, but holders are
not going TO sell a fair list at our quota
lions. Receipts to-day, 1863 bales ex-
ports, $500 bales.
MoNDAY-The market opened dull,
but the dispatches received at noon
caused a very liberal inquiry. Holders
continue to reject all offers made by buy
ers, and many of them will not uncover
their tables. Receipts for the day. 314
bales exports, 20 bales.
To-DAY-OWing TO the absence Of adj
vices from New York up to noon there
were no sales. The opening advices from
that city arrived here at a late hour, but
they had no effect on our market. The
New Orleans buyers bought to some ex-
tent of the lower grades, at prices rang
ing from I9c upward. The day closed one
Of the dullest of the season &c was the
best offer we conld hear of for middling,
with no transactions worthy Of note.
Receipts for the day, 407 bales ship
ments. IS bales. Receipts for the week,
24O5 bales shipments for the same time,
5I67 bales. Stock on hand, 24,722 bales.
We ouota nominally as follows: