Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-05-24
TRADE.

Business during the past week has been
dull. Merchants, with a few exceptions,
complain of the prevailing inactivity.
The grain and meat trade has been more
active than other branches, a large sup
plv of corn and bacon being necessary to
feed the increased number of field hands
now busily at work throughout the South.
Corn manifests an upward tendency, and
If is expected will command higher prices
than are now prevailing. Much of the
corn received lately has been Of inferior
quality, damaged by wet or heat, and
causes dissatisfaction and complaint. II
is said to be very difficult to purchase a
choice article that will keep well, owing
70 this fact. Several dealers have sus-
tanned unexpected losses on their pur-
chases. Meats have been active during
the week and prices have slightly adj
vanced. This IS partially due to an adj
vance in Western markets, and also to an
advance in reights from above, the latter
having been doubled Immediately after
the laying up Of the Church. 1t is stated
that the present rates of 20 cents per bar
rel on -four and other freights in like pro-
portion are reasonable enough TO satisfy
the most penurious, and as low as steam
ers can live at.
News from the interior is TO the effect
that planting is being pushed forward
with all possible dispatch. The weather
has been clear and hot during the week,
and rain, which is much wanted in some
localities, has not disturbed the planters
industry. Cotton generally looks well,
and promises a large yield owing to the
increased acreage planted. In many sec
tions, we are sorry to learn, the corn crop
is to be neglected, and less than enough
raised to supply the most pressing wants
of the farmer.
Cotton of last years crop continues to
come in freely, and from arrivals during
the week indicates a considerable amount
vet in the interior. Receipts by the Lou
/ isville Railroad are almost double what
they were at this time last year, while
steamers continue to come in with fair
oonsignments. After the crops are all in
the ground it is expected there will be a
general cleaning up, and the remaining
bales will be forwarded to market.
Tea Is being imported into st. Louis Wis
San Francisco from China. The first con,
signment arrived there a few days since.
and it is asserted came through in sixty
DAYS less time than It could be imported
via the isthmus or capes.
AS a gratifying evidence of the future
commercial and financial independence
Of the Southern States, the st. Loui:
Journal Of Commerce reports that a st
Louis company, with ample means, are
making preparations for the building Of
factory for turning out domestic fabric:
and cotton yarns on a large scale in thu
very midst of our Southern cotton fields
Through the fundamentally of North.
ern capital, manufactures are being
brought into existence IN almost every
State south of the Ohio river, and in
few years more the hum of the spindle
will be heard in nearly every town anc
village of the South.
BOOTS AND SHOES.
Trade has slaekened since our last re-
port, though prices remain generally
steady and unchanged. Considend 4
dullness prevails in Eastern markets, atf
shipments to the West and South show
material falling OFF. Business every
where is dull owing to the busy tim'
with agriculturists. After crops arr
planted we anticipate an improvement
We give the following quotations;