Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-07-04
TRADE.

TRADE.
business for the week has been very
good for the season. We are now in the
midst Of our duh times. Few plant
ers come to town during the hot weather,
and purchases are nearly all made by or
der. The Dry Goods trade remains about
aS il was last week. There : some de-
mand 10 keep up summer stocks, and
prices remain steady on ali leading staple
goods. Ofthe New York market the BVi-
J,,iu in its review FOR the week says;
The dry goods market the past week has
ruled very quiet, with but little indica-
ton of any revival in the speculative feel
ing until within a day or two. There has
ueen, however. no yielding Ia prices dur
ing any Of the time. hU a continued Hrnl-
ness. with rather an upward tendency.
The renewed activity in cotton, and espe-
Ciallv of the higher rates Established since
saturday. have infused more spirit IN the
goods trade. aud We now n the market
preparing for another turn towards even
better rates. During the quiet which has
prevailed of late. mauy had begun 10 be
ieve that the next movement was To be- a
declining one. rs the growing cotton crop
promises well, and very few goods are
really going into consumption at present
prices. But higher quotations and re-
ncWea activity at Liverpool for the raw
material have 50 excited Il >pinnerS and
SPECTATORS that they have again entered
, he market ia force. Uhder this renewed
stimulus. cotton has now reached a very
high point. hut as the stocks IN the cpUu-
try are very small. If Spinpers continue to
bid up for this little remnant, It Is impos-
sibIe 10 say what point il will not reach.
Under these circumstances goods must
also advance; and although in the event
of good cotton crop this year., we cannot
see auy permanently IN these prices, yet.
II the manufacturers produce only IN a
limited way. they will probably be safe.
July j. the most critical month Of the year
for cotton. 1.-THE weather continues good,
and no worms show themselves during
the month. the plant viii, by August,
have attained such strength A. to be able
10 resist more successfully all its enemies.
In tho meantime we must look fer eXode=
meat and an unsettled, unsatisfactory
feeling ia The goods markeJ and those
who have iBOnev co lose can afford 10
-~ueculate. and either lose il or make more,
p the cotton crop may prove abundant or
deficient: an others WILD DO well 10 keen
ont oftile excitement.
There IS some activity Ia Boots and
shoes, and dealer, do not complain Of the
demand as much a. ir some other branch
es ufuadc. stock, are ample for the sea.
son. The tendency of prices * upward,
and wa look for fall goods 10 open from J
10 10 per cent. higher than they are al
present.
Nothing is more positively indicative OF
active business IN The country th,s yoar
81 the Sf-ckh5jIsr, than the fact that
nearly mp TO midsummer there has been
NO ACCUMULATION Of money ia New York
as usual heretofore at this season. Much
monev Is doubtless IN use in enterprises
as vet unproductive. The opening Of the
Paeif, Railroad has drawn into the fan
West money from which Immediate re-
turns will hardly De expected. The great
stretch OF railway in construction in al
parts OF the country involves the actumu.
lation at remote points Of large sums tc
meet the monthly o. fovlnightly pay rolls
These sums. indeed, get haak 10 manu-.
facturine and Importing points on tbs
Atlantic ~seab01rd, yet hardly before a new
paw roll becomes due. The movement o
the remainder of last seasons sereal anC
meat product. and the current June WOO
/ clip. as has been generally remarked upon
has drawn money to the interior. Thu
actual planting Of currency in the South
too. has hardly anywhere been overstateC
in amount. We hear intelligent New
Nork bankers say THAI a tAUciI a. a hun
bred miIions has been absorbed in tina
quarter. We hold now that so far as New
| York is concerned, the banks will fDr
time show a gain, or at least keep even, s.
far as money * concerned, and that moth
ing beyond a fairly active 7 per cent
money market may be looked for till tn
movement Of the growing wheat crop set
in. This is better for New York, wen 70
| Wall street, than the usual 3 and 4 pc
! cent. market Of the summer. In view o
the stringency continuing 50 long here
We think ii not unlikely that the whes
crop movement of late August, Septem
her and October viii be more lightly felt
| Indeed, with the accTuing Indebtedness t.
| New York which always follows a fire.
| circulation 81 moAey IA inc West. We ma,
look 10 see the grain crop this fall NOR
largely met by bills direct to the relief O
| currency balances here.
Green APPLES are in good shipping de
mand at - to 3 per barrelloose. Receipt
are very fair, and improve daily.
The demand fer BUTTER is very Light
and prices are irregular. Good Western
/ 25a3Oc: Common, 20c.
The PROvIsIoN market, though un
changed in prices, is rather weaker. Mes
Pork s94 5O@S35 per barrel. Baeon-Clea
Sides 1917 to I9c, Shoulders 1910. Coun
try MEATS are about &c lower
Plain S. c. Hams 19c; S. c. Canyasse
POI to pc. Lard, in tierces 20 to 2Ozc j
kegs, q to &c; caddies, p to DC.
Iherei is no change in COFFEE. The MAJ
kei is steady. Ordinary to prime Rio 20 t
&c; java 50 to Csc.
The receipts Of PRODUCE grow bette
daily. New Potatoes are in good shiI
ping demand at 85c to 81 per bushe
Sweet Potatoes are steady at 81 5Oa2 ID
bushel. Onions, 81 5O@2 per hushel.
1 There is RIght demand for CeRNMEA
Fresh, s4a4 Is per Dol; Kindred, "a 25
4 60 per Dbl.
FLOUR is dull a unchanged price
Superhne, $ 90 to IS 30; X, 50
to Sc Is; Xxx, $50 TO 81 so; Xxx al
fancy brands, s. to II. q