Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-09-07

surpassed by any fancy brand coming to
this market. 1t was ground at Pine Blun,
and shows conclusively that the rich
landsof Arkansas and the Mississippi bot
tom can vie with any Northern state in
the production of cereals.
The clothing trade Of this city has,
within the past year or two, assumed 81
gantic proportions. We have several
houses which deal in clothing at whole
sale, and their stocks will compare fsvora-
bly, with those of any city in the West.
As an evidence of the business doing in
this line. we will state that the house of
! Schwab & Co. sold one bill TO a YazoO
City merchant, within the past few days,
amounting to $4,000.
The week Just closed has been moderate
" active in the several branches of trade,
1 with a money market close and stringent.
] Currency has been in sufficient supply to
meet the demand, and the fourth, which
is always the tightest day of CONNER
/ cial year, passed over without difficulty.
Banks extended relief at the usual rate of
u per cent to their patrons, and in some
cases favored outside parties at the same
! rate. though street shavers charged as
high as ~, er as much more as they could
get.
News from the corn and cotton crops is
less encouraging. We hear that along the
river as low as the mouth of the Arkan-
sas, drouth, blight and rust have done
great damage. The young cotton bolls are
shedding rapidly, leaving nothing but the
under or bottom crop. Several planters
say their prospects are fully one-third
short of a-nticipations made three weeks
/ ago. Even this nsws, however, viii not
prevent the crop from turning out as much
as the total picking capacity Of the availa-
be labor, and less than 2,5O0,0 900 bales is
/ not thought Of. The arrivals of the new
crop yesterday were 46 bales, and about
100 in all since the opening of the season.
By the end of this week our receipts will
be large, for dry weather is causing bolls
to open rapidly. Hands are actively at
work picking, the present high prices
causing 1t to be sent forward as rapidly as
baled. With a fair season from this on
we may expect TO receive 30O, 900 this year.
Reports from Liverpool indicate the de-
mand largely exceeding the supply, while
stocks in this country are below 10000
bales, causing an active inquiry by Amer
lean spinners. TIL new crop Will be ia
ken up as fast as it arrives, for home con-
sumption, and the other side need not ex-
pect large receipts before the end of No
vember.
The river has risen a foot during the
week, caused 10y heavy rains along the
upper Mississippi and Missouri. We
need a few showers here very much. The
Arkansas and White are down below
three feet, while the Cumberland is lower
than it has been for a century, with only
eight inches on Harpeth shoals.
The corn crop has been much damaged
by dry weather, and the yield will be cut
of fully one-haIf in all the country east
Of US.
News from the tobacco region of Nash
vile, Tenn, West Kentucky and Virginia,
is discoursging, particularly Virginia,
where it is reported the drouth has cut the
crop down to less than half the average
Weld. From Missouri ccounts are more
favorable.
The uncertainty Of the corn crop in the
Western States, together with the exhib-
tied scarcity of hogs, dissipates expeeta-
tions of any material decline in meats,
and present quotations are likely to be
sustained, with probabilities Of even
higher figures,
DraoAEFmHF g ara rEH1frrn lou aud haN~a /
evinced a decling tendency during the
week. Pecent advices from Europe tend
to the conclusion tina there will be light
demand for foreign shipment, and the
large surplus of this country viii reduce
prices, even below present rates, which
now range nearly as low as before the
war.
The Board Of Tobacco Trade, recently
established, has offered 500 premium for
the best hid Of manufacturing leaf, and
500 for the best hid Of shipping leaf to-
bacco to be exhibited by planters through
member of our Tobacco Association.
Other premiums have also been offered,
and every encouragement is being ex-
tended to the tobacco planters of the west
ern district to revive the tobacco market
our city.
Immense quantities of bones are now
shipped from this place. A huge heap to
be converted into phosphates for ma
nures, and into buttons and knife han
dies, is piled up for shipment at the Mem
phis and Ohio depot. We may ask why
have these bones crushed here, as they
needed OF every hillside in West Ten
nessee.
The elections ia Mississippi and Texas,
postponed, as we are advised, in order
that the colored voters may be thorousA
" organized, viii cause great losses. The
absence of laborers from the fields in the
midst Of the cotton picking season will be
felt in the increased price of cotton, and
min owners as well as planters must
suffer.
CORN n WHEAT.-It is perhaps I'M
fortunate for both sections of this coun-
try that the former habits Of commercial
intercourse between the West and South
have not been wholly re-~established. If
the West can raise corn and wheat at q
less cost than the South, and the South
can find a profitable market for its pecu-
liar products, surely it would be best for
both 10 adhere to their special produc-
lions in agriculture, as it is wisest for each
individual to confne himself to a single
pursuit. But the revival of our trade
with the Northwest proceeds slowly, and
our farmers, for the present, are wisely
producing those supplies for which, in
former years, they exchanged cotton or
its proceeds. Whenever the Northwest
may produce an excessive crop, and its
value is so reduced that it will not bear
the cost OF transportation to New York,
Then We may expect a lessening of the
quantity Of cereals grown in the South as
well as the diversion of the grain crop
from the railways to the river ronte TO the
sea. Then barges may accomplish the
mighty task which financial writers would
assign them.
ALE y PORTER-Wm. & Robt. Youn-
parfs Scotch imnorted ~ To 2 20 for MS