Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-07-12
TRADE.

49,
Business was very fair to-day for the
season and prices are steady with light re-
| ceipts, both by river and rail. The wealth
! or continues hot and favorable for corn
and cotton, while the -eEs tat teasAes
us through Ohf exchanges in relation TO
the crops is very flattering indeed. Now
that there can be no possibility Of an
overflow We may look for good times
along the river. and our merchants should
| bestir themselves about putting in at least
Two good boats hence to Yicksburg during
The ne-t ae4srG, t. rEH II connection with
the hatge line. or the Dry Goods and
Boot and Shbe markets but little can be
said. Both branches of trade seem to be
fairly active G9E the season. The Gunner
-;oJ B,,Hefm says Of Dry Goods in New
YORK, THE continued high and adj
lancing rate7 oL tLe4aw nlstetial AID tie
disposition among manufacturers TO cur
tail consumption, have tended to
strengthen the views Of holders Of goods;
QeleFiIg tl,at ih TIE eRa If HSt immpeai-
ateiy, consumers sin he forged 70 accept
their rates. ConsameFSoRthe either haHa
| are looking a~nxiousiy at the cotton crop
| reports, believing that If they are fayoTa'
BILE during July they can anticipate easier
PRICES early IL the fall. To = "H"+1 ex-l
tent both sides are undoubtedly correct
in their reasoning. But vet we do not
tai2k that eTen lin & gooa LEsp leaG Ne
cSniooE for low priced cotton immedi-
ately, even with a favorable season. From
twenty-three to twenty-six cents is the
lowest point good judges expect the mar
ket will touch, at least until after the new
year, and the majority incline TO the
higher figure. Their opinion is based
upon the very small stocks of the raw
material now held throughout the world,
and the ability and disposition Of the
South TO hold their cotton until they real
l5 y nat they think II is worth. Then
again stocks Of goods are small, not only |
here but in Europe and everywhere.
There has been during the past year a
forced curtailment of shipments to the
consuming markets of the old world,
while our own retail merchants have On
" bought from hand to mouth, so that in
almost every -uarter f the g!cLe stoGka
Of goods in distributGrs hands are small,
and with a fair reduction in price, large
orders would be likely at once to flow in.
Cotton goods are an increasing necessity
10 the world. Consumption can be for a
time held in check by high prices, if there
is good reason 10 anticipate lower rates
soon. The past year has been an i~llustra-
ton Of this idea; but it does not look now
as if the demand could thus Be cGrtailea
the IGiaBs ssSsoA, ana hepeo our mapu-
factUrers and johbers appear TO anticipate
a good fall trade"
It viii be seen by a card elsewhere that
an important change has taken place in
n Of our best known grocery houses Of
Front street. We allude 70 the purchase
bv Messrs. Scheduled q HanauartoT the
entire stool of Messrs. Mart Walt 3 Co,
comprising one 81 the largest and hest Sc
lected assortmonts Of groceries and plant
alton supplies in our city. In retiring
from business Maj. Walt takes with him
the best wishes of a legion of friends as
well as a name second to none in our com
mereial circles. The purchasers are well
known, not only throughout this section
but in Arkansas the names of Schoolield
q Hanauer are as household words. Solid
evidences Of prosperity Of this kind we
are proud to chronicle. !
The FREEF alafset- Is well supplied
and prices are weak and irregular.
Choice Green Apples, not bruised, are
taken at 81 70 per barrel, while inferior
sell as low as 75c per barrel.
The demand for BUTTER is very light,
and prices are irregular. Good Western.
2s632c; Common, 2O@25c.
There is q fair demand for Provisions,
and prices are some frmer. Ness PORK
"a pa to S34 50. Clear bacon sides, lss< to
l9c; Shoulders, l4A@I5c. Country meats
are about Re lower. Plain Sugar
Cured Hams, I9e; Sugar Cured
C~anvassed, 2O@21c. Lard, in t~ierces, 1879 |
@2Oei kegs, 2O]z@21c; caddies, 22@22Kc.
Therei is no change in COFFEE. The mar
ket is steady. Ordinary to prime Rio 20 to
25c; Java IS to 3sc.
In PRoDCcE there Is 40 mateFial change.
Potatoes are duh at 81 5Oal IS per barrel.
Onions, SlaI 25 per bushel. Sweet Pota-
toes, 81 JO@l IS per bushel in a retail way.
There is a moderate demand for Corn
MEAL. Fresh 4 10 to 81 Is per Dbl; Kiln
dried In lots 4 p to 81 s.. In a small way
s. 50.
The FLOUR market is steady. We
quote Superfne at s5@55O, as 10 quality;
y, IS 75@6 IS; Xxx, S. 75@7 50; Xxx
and fancy brands, Ss@ll,
There is a light inquiry for Eeas insmsll
packages at lisa zoe.
In FEED prices are steady and receipts
light. We note sales of corn on levee at
eOc and oats at Soc. Bran has advanced to
"a to 25 per ton in store. Hay is firm at %
to 81, as to quality.
In HIDES there is no change. All kinds
are dull. Green aoi saitI0T Dry Salt, tic;
Dry Flint, zoe.
Cape and Alabama LIME held at / 60 to
81 so per barrel. Utica 81 rs. Cement 2 20
to So.
There is no change in SUGARs and Mo-
LAssEs. Stocks are very good. We quote
Louisiana yellow Sugars IL to l5e; New
Orleans Y. c. 15H to Ice; New Orleans w.
@. l6k to lie; soft white 49, to l7ci hard
white II to E%e. Molasses range from
so to 9Oc, as TO quality.
POULTRY is in fair demand. Young
Chickens So 90 to 81 so; old IS to s. 90.
There Is a fair butchers demand for
LIVE STOCK and beeyes range from 3Kto
Sc as to quality.
In SALT there is no change. Large !