Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-07-05

'"a
good for the season. Ne sire 10Y in the
IN,arv midst Of dull times. Few plant
ers come 10 town during the hot weather,
and purchases are nearly all made by or
der. The Dry foods trade remains about
IS it was last week. There Is some de
mand 70 Keep up summer stocks, and
prices remain steady on all leading staple
goods. Orthe New York market the BvJ-
letia in its review fer the week SAYS;
The dry goods market the past week has
ruled very quiet. with but little indica-
ton Of any revival i'm the speculative feel
ing until within q dav or two. There has
been. however, no yielding ia prices dur
ing any 0ftha time, bat a continued firm
ness. with rather a~u"upWard tendency.
The renewed activity in cotton, and espe-
riallN Of the higher rates established since
SATURDAY, have infused more spirit in the
goods trade, and we now find the market
preparing for another turn towards even
better rates. During the quiet which has
prevailed OF lstg. many had begun to be-
IieNe that the next movement was to be a
declining one, as the growing cotton crop
promises well, and very few goods are
really going into consumption al present
prices. But higher quotations and re-
neWed activity nc Liverpool for the raw
material have 50 excited spinners Il
spectators that they have again entered
the market in fO~'e CTder this renewed
stimulus, cotton has nOw reached a very
high point. but As thestopks IN the conn
try are very small, if spinneTs continue to
bid mp for this httle remnant, il is tmpOs-
Sible 20 saw what point il will nos reach.
Under these circumstances goods must
also ai auac; aHG although is tire event
of q good cotton crop this year, we caanbt
see any p~ermanency in these prizes, vet.
If the manufacturers produce only i'm a
limited az, they via probably fa safe.
July is the most CRITICAL month of the wear
for cotton. 1.-THE weather continues good,
and Ia worms show themselves during
the month, the plant VIII, BY August,
have attained such strength as 10 be able
10 resist more successfully all its enemies.
Ia the meantime we must Dol for excite
'"aul ald an unsettled, unsatisfactory
-r..lirg fn tna 1r~'s market. and those
who have money TO lose can afford to
speculate, and either lose it or make more,
as the cotton crop may prove abundant or
DEFICIENT ali others win do well g. Eeep
ont ofthe Excitement,
There IL. some activity in Boots and
shoes, and dealers do not complain OF the
demand as much as in some other branch
es Of trade. stocks are ample for the sea
son. The tendency Of prices is upward,
and we look for fail goods 10 open from 3
20 10 per cent. higher than they are at
present.
Nothing j. more positively indicative o.
active business in the country this year,
says the Stockholacr, than The fact thai
nearly zap TO midsummer there has Deeu
no accumulation Of money in New York
as usual heretofore at this season. Much
money is doubtless in ase in enterprises
as vet unproductive. The opening ofthe
Pacific Railroad has drawn into the far
West money from which immediate re-
turns will hardly be expected. The great
stretch Of railway in construction in all
parts Of the country involves the accumu-
lation al remote points Of large sums to
meet The monthly or fOrtnightly pay rolls.
These sums, indeed. get back To manu-
factaring and importing points on the
Atlantic seaboard, yet hardly before a new
pay roll becomes due. The movement of
the remainder Of last seasons seTeal and
meat product, and the current June wool
clip, as has been generally remarked upon,
has drawn money to the interior. The
actual planting Of currency in the South,
too, has hardly anywhere been Overstated
in amount. We hear intelligent New
York bankers say that az much as a hun
dred millions has been absorbed in that
quarter. We hold now thai so far as New
York IS concerned, the banks win for a
time show a gain, or at least keep even, so
far As money is concerned, and that moth
ing beyond a fairly active Z per cent.
money market may be looked for till the
movement Of the growing wheat crop sets
in. This Is better for New York, even for
WAL street, than the usual 3 and 4 per
cent. market Of the summer. In view of
the stringeney continuing SO long here,
we think il not unlikely that the wheat
movement Of late August. Septem-
Der and October viii be more lightly felt.
Indeed, with he accruing Indebtedness to
New York which always follows a free
circulation ofmoney in the West, we may
look to see the grain crop this fall more
met by bills direct to the relief of
currency balances here.
Green APPLES are in good shipping de-
mand at 3 to 50 per barrel loose. Receipts
are very fair, and improve daily.
The demand for BUTTER is very light,
and prices are irregular. Good Western,
25@3Oc; Common, zoe.
The PBOvIsION market, though n
changed in prices, is rather weaker. Mess
Pork S34 JO@S35 per barrel. Bacon-Clear
Sides 1879 to l9c. Shoulders l4Ac. Coun-
try MEATS are abont re lower.
Plain 5. c. Hams 19c; S. c.. C-anvassed
20A to DE. Lard, in tierces 20 to 2OLc in
q to 22c; caddies, % to 23c.
There Is no change in CoFFEE. The mar
ket is steady. Ordinary to prime Rio 20 to
25c; Java IS to 3Sc.
The receipts Of PRODUCE grow better
laiIy. New Potatoes are in good ship
ping demand at s5c 70 81 per bushel.
sweet Potatoes are steady at 81 5Oa2 per
Onions, 81 5O@2 per hushel.
There is a light demand for CORNNEAL.
S4G4 p per Dbl; Kindred, 81 256
90 per Dbl.
FLOUR is duh at unchanged prices;
superhne, 50 80 to IS 50; x, So 20
Sc %; Xxx, e75 to s. so; Xxx and