Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-08-03
TRADE

THE past week has shown very evident
indications of an early Improvement in
all branches Of trade. The volume Of
business for the season Of year never was
heavier nor Of so safe a character. So far
our merchants have not been asked to
make advances except TO a limited ex-
tent, and the crop prospects never were
better. Some sections want rain only to
help them out. The cotton crop is, as a
general thing, laid by and is now de-
pendent entirely upon the weather. y
private letter from Kentucky says that
the corn and hay crops Of that State are
immepse. Nothing eyer seen like it be-
fore,
Our fast freight lines are bringing very
large amounts Of goods forward, and it is
probable that by the middle of this month
business Of all kinds viii have fairly
opened. BY that time our merchants can
afford to sell on sixty days with a fair
prospect Of an early return.
The dry goods market remains much as
it was last week. Some reductions are
being made on the light styles of goods,
which are suitable only for summer wear,
owing to the advanced stage of the sea-
[ son, but all staples are firm with some
speculative demand, Several af meF,
chants are Eastlaying in stocks and others
viii soon follow.
In boots and shoes business has been
active during the week. There is no
change in prices Of light goods, but heavy
fall wear is looking up. The Shoe Re
porter says Of the boston market; " More
business has been doing in gents fine,
ladies' and misses boots and shoes. Prices
remain firm, although an effort has been
made on the part Of purchasers to reduce
them. The surplus stock is nearly ey-
hausted, and manufacturers are not dis
posed to extend their production beyond
what they have orders for, hence the prob
abilitythat if prices do not advance, they
viii not, at all events, recede. Many
goods are moving just now, and the side
walks Of Pearl street allow that life and
activity pervades the market. As the
large houses from all sections are now
represented here, and freights are more
reasonable, il is likely that the trade Will
increase daily, and continue to do so un-
Gil near the close Of the fall season."
We publish an interesting letter in our
legal oolamns regarding the shoe and
leather trade Of Memphis, taken from the
Shoe amt Leather Reporter, to which we
call the attention Of our readers.
The receipts by river to-day were as
follows: 700 sacks corn, 800 sacks oats,
1900 sacks cotton seed, 100 sacks bran, 125
packages butter, 95 barrels meal, 227 bales
hay, 500 hides, 5000 pieces hardware, and
50 barrels pork.
The tendency Of every article, either Of
food or comfort, is upward. Meats are
decidedly higher, and Mess Pork, it win
be seen, has advanced fully 81 per barrel
since last week.
The New Orleans Times says; "No cor
rect idea of the magnitude Of the sugar
and molasses seizures by the New Orleans
Collector can be formed except by looking
at the goods slowed away in the lower
part Of the Customhouse building. Yet,
spacious as those vast floors are, occupy
/ ing nearly a whole square Of ground, the
seized goods cannot all be stored there.
A glance will convince any one that the
| amount derived from the sale Of a portion
Of these goods, which by law win go 10
I the Collector and other Government Off
GERS here, viii pay them well to be hon
est. and faithful to their oaths."
The press generally North and South
speak in fattering terms Of the coming
fail trade, but the Philadelphia NORTH
An,eriean IS not SO hopeful. It says:
" Our expectations are mol so san
guine. Speculation il produce is lgain
doing mischief at the West, under the