Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-08-08

vail with great violence on our coast, and
DO much injury to cotton. Let us earnest
Is hope that our planters will he spared
the visitation of such a cause Of disaster,
and make, at least, one good crop,
TRADE.
The weather, which, all along, has been
favorable for the growing crops, Suddenly
turned cool this morning, but as the day
advanced it regained its old warmth and
gave promise of continued growing
weather. A light rain fell-not enough
to more than moisten the surface OF the
ground, but still enough TO do some good,
and perhaps keep vegetables from burn
ing mp until a more copious shower falls,
Trade is moderately active and will i'm
prove henceforth. Very much of what
now goes to the interior is sold on orders,
as the planter at this season finds enough
to do at home, and has not time to visit
the city. The importance of the South
was probably never felt so generally as
during the past season. Our crop Of cot
ION WAS the means of aYerting disaster all
over the North, and il is no wonder that
Eastern merchants are disposed to cult
vate a trade which they turned their hacks
upon during "a period Of great need and
~privati0n. The New York Express, speak
ing of the prospects, says:
The probable addition TO the national
wealth by the next cotton crop, and the
prospects of the growing plant, are just
now the subject of much discussion in
commercial circles. The importation of
this great staple to the country al large,
and its prosperity are now universally
! admitted. 1t saved Us from a large drain
Of specie during the last fiscal year, and
the recuperation Of the Southern States in
consequence Of the large profits from the
crop, brought the Southern merchants
into the market for large purchases of
goods, at a time when trade with the West
was very bad, and that section was behind
in its payments to our jobbers. 1t cannot
be denied that the last cotton crop thus
rescued our merchants from a disastrous
season. In regard to the growing crop,
the accounts from the South are generally
favorable, although some damage was
done by rains aud floods in Texas. The
general estimates 81 the extent of the
crops some time since were 2, 200, 900 bales, !
bat latterly these figures have been re- 1
duced, and the inclination is now towards
2.500, Coo. 1t is too early to estimate the
crop with any degree Of accuracy, as the 4
plant may vet be damaged BY rains.
YOrms or frost. There have been some
heavy operations fQr future delivery in
This market, and at figures which show a
handsome profit to the planters on the
cost Of production,
These transactions are partly legitimate
and partly speculative, and seem geneT-
ally to be based On a crop Of 2,500,O00
bales. The business for delivery in The
months Of November, December and Ian
nary has aggregated fally $4,000 bales
within q space Of two months, and
the two extremities have been AZ and
~, with the bulk Of the operations
lately at about 26l&c for Low MiddhngS.
The parties buying this cotton have sold
the gold against i t. q considerable eX-
te4t, Nnich fixes the price of the staple at
the start. The progress of the growing
crop will DE watched with much interest
from this time forward. The South is en-
c%Ouraging emigration and constantly ado.
ing 70 its productive power. Amefifa IA
fast drifting tab ards her old supremacy
ia the cotton trade. The p%reludices Of
the people are passing away, and the
country Is awakening 10 the fact that to
encourage in every way the production Of
cotton, is the surest road 10 specie pay
mcnts. The Southern States have raised
a large nlou of grain this year, and if
the cotton sugar and rice crops turn ont
good, then further rapid prcgross FlIl pc
made iE refrigeration rom the devas-
I tatlng effects Of war. This REGENERATION
will BE felt from n end Of the country to
the other, and no where will the effect be
70 marked as in the prosperity Of New
York city.
| Ne make no change IN u FRUIr quo
tations. The market is steady at lac to
81 90 per barrel, loose, for ommon to
shipping Apples. Pears and Peaches are
rather scarce for the season.
The stock Of BUTTER is ample and
prices irregular. We quote choice West
ern at q to SOe though 40 packages were
offered during the day at 26c.
In Provisions the7e 2 40 change,
thaggh some holders are hrmer.
Mess Pork SS5 90 to 50 50. Prime
Mess $50 90 to % 50. Rump so 90 to
70 so Jowls $50 80 to %. Clear Bacon
sides 1881 10 zoe. Shoulders l5&: to l6t.
S. G. Hams q Co 30. breakfast Ra-
qan % to 2se for Plain aud Canvassed.
Lard il. tieFces 20 to 2loi kegs p to 22kc;
caddies 22K to 2Sc.
There is a steady demand for COFFEE
and prices are firm. Inferior to choice
Rio, I9to Dec; Java, 80 to 9sc.
Except for local use, there is no de-
mand for POTATOES, or in fact any
kind Of PRoDUCE. Potatoes are dull
at 81 SO tol 20 per barrel, loose. Onions
are abundant and dull selling at % per
barrel from steFe.
gORNMEAL is scarce. Fresh sells from
mills at 81 IS, and from store "a 50 to 4 70.
There is very little kilndried in market,
Il is held at 81 70 to 5 from store.
The supply of Zoos, though not so
large, is ample. Selling at l2h TO I5e, as
TO condition.
We note continued frnness in Flour,
with the inferior grades scarce. We
quote low supers 81 IS to 5 p; good super
s. 80 to 9 90; X 50 p to 6 IS; Xxx 81 tos;
xxx and fancy family S. so to 10 50.
FEED is very much unsettled. Several
lots Of Corn are on levee, with holders
asking CSC, but buyers offer soc for ship
ment below. One lot Of nearly 400 sacks
was held firm at Csc, but probably sold for
something less, owing to the rain and a
disposition not to hold over sunday. osts
are sim duh, though the5 age in a little
httNtI AciAaitu iAna 1N9N~-N11f N"N.o ~
receipts falling of. A lot of 100 sacks,
new, sold at coo, but other lots were Of
fered at 5sc, and a large lot wouldnOt
bring over SIS 20 SIC. Old are selling from
store at 20 10 75c. Bran is steady; 100 sacks
sold on levee al SIS. Hay on levee 81 TO
SIS; from store 81 30 per 100.
Very few HIDES are coming Ia market.
Green, 9 TO atzes green salt. 10 70 lo}zc;
dry salt, Il 10 I71<c; dry flint, Ole.
In LIME there is material change. Ala
r bama, S2t 25: Utica, 81 IS to 50; Cape,
81 20 10 ! 50; Ohio river, 81 40 to l 50.
There is no change in SUGARS or Mo-
LAssEs. The demand is steady. We
quote Louisiana i22 to l51Ie; yellow
clarified 10 to l6Ac; white clarified l6H to
lie; A. I6k to lie; hards III 10 Isc.
There is a good supply of PoULTRY on.
hand. Young chickens range from 50 so
10 3 90. Old 81 to so.
We make no change in our SALT quo
tations. stock very good. Large dairy
(seven bushel b~arrels) "a 50 TO IS; small
dairy five bushel barrels) $3.50 to 8 IS;
large common (seYen bushel bbls.l IS 80