Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-09-20
FINANCE AND TRADE.
OFFICE OF THE DAILY APPEAL, I
MEMPHIS, September l9, 1870. J

THE wEEK.
There was q p~erceptiqie Improvements
during the week in all branches of BUSH
ness, and we can safely announce that
the season of 1901 has commenced, let
us hope TO b the most prosperous in the
annals of Memphis. We hear from the
north, as well as the busy southern end
of our city, of preparations on 4 grand
sesle-on a scale b~etOkening q determi-
nation on the part OF our merchants to
increase our trade TO a greater extent
this, than we have in any two previous
years. The country will be more
thoroughly and more intimately brought
ia.o subsection to our energies. To
this end many of the leading houses are
sending forth drummers who will do for
them and for ms all that that industrious
class do for othrr cities. Our wholesale
trade is to be pushed as never before, and
we expect that particularly in the boot
and shoe branch, as well as dry goods, it
will be doubled. In groceries stocks are
larger than ever, and many OF our houses
are full to overlooking with a variety
such as few in the same business in other
cities can show. Our price-list, too, is
being conformed to Eastern and Western
standards, so that a country dealer can
make up his stock here as chesply as al
Cincinnati or st. Louis, freights only
added. In finances the market is close.
As cotton receipts increase this will be
less and less the case. There Is a
scarcity of exchange, but this difficulty,
will be obvisted by the presence of
the new crop, which now comes in freely.
Our merchants are all doing well. The
increasing demand for plantation sup
piles gives them all they can do. Cotton
turing the week has been steady. 1t
opeued at Ike for Middling, and closed
at nearly the same figures. On Tuesday
the sales were 2CObales, with a moderately
active inquiry. On Wednesday there
was a fair demand, with an advance of
Re following the reported advance in
Liverpool of a I'D. On Thursday there
WAS more activity, and sales were larger
than for some weeks, prices weaker by
gIaLc as compared with the day be-
fore. On Friday b market opened
weaker than Thursday and prices de-
cliued, following the New York and Liv-
erpool decline Of Sc. On Saturday
the market was dull. Oner-
ings were light, as holders preferred to
await events next week, and hoped for
better prices, but as q general thing the
cotton arriving is placed upon the mar
ket as soon as il can be sampled. The
stock is considerably reduced during the
week. and two or three moderately brisk
days would about close it out.
THE RICE o
The Charleston Courier says Of the rice
crop that the area pisnted this year Will
not vary in any important degree from that
ofthe year before, there being a slight fall
ing of in some sections and an improve
ment in others. The crop promises well,
but has been somewhat damagedby grass,
which may lessen the product; but,
should the season continue propitiOus,
tNere will probably be a slight increase
on the yield of last year, say about ID per
cent. Prices for the past season took a
wide ran &c, and at one time, without APP
nsrent can ~s, reached 3 low figure. Good
rice. on the INST OF September, 1869, was
quoted at 81, RsZc, reeeded to SIC in
January, and to 6H@5ze in April, when
il rallied. and has advanced to about the
opening figures, say s1s9SAc per pound
for good rice. The hnt new rice OF the
present crop, a few HUNDRED bushels, was
received from AshepOo, August 18th, al
IA earlier period than ever previously
known. Il was milied and eisssed fair,
selling at 10 cents a pound, sincs which
time several small cargoes have been re-
ceived. The general crop of this article
appears to be fairly advanced, and should
a gale and other roubles be escaped,
free arrivals may be expected at an early
period.
RAD OF GALVESTON.
We have received from Richardson,
RaIO & Co.; the Galveston Net0S, Price
Ctrr,Ht and Market ReVieV, containing
the TIE nth Annual Review of the trade
and commerce of Galveston. 1t is, taken
altoesthe-, q c~reditsbls exhibit, and
shows thai Galveston, and indeed the
State OF Texts, is more prosperous than
we had any conception OF. More than
IOO,O 900 actua white settlers have bought
places, and have taken a part in promot-
ing the prosperity of this really Empire
State. The crop Of cotton of Texas has
increased $1,000 bales "a compared with
1863. but there has been adeersase o ffully
100. 900 pounds OF wool. OF hides there
was an Increase OF receipts Of LOG, O00. and
the same in exports. The value Of the
exports of Galveston amount to Sl5.474,-
ss2s 40, the imports to S5l5.23 and the
collected duties S277, $50 %. AS more
fully showing the trade of Galveston and
o. Texas, we 0 the following tables
- uins the valua in cold or the cORNt-