Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-10-03

month was AH-4ZA EAaAoHe-L ALEa NAANA Rs9
quantity must be destroyed esea molsh OF
the evil win overflow the whole country IKE
a fiery flood. The Ehlsky-maken VII oore
solidatlon a q reduction Of all whisky tax
alton, snd the next session may be unusually
drunken. and then very liberal legislation
may be reasonably anticipated.
The Tariff and Taxes
The repeal Of many protective laws has
stimulated industry and trade amazingly IN
England. and merchants Of this country
sb6uId exert themselves TO promote similar
legislation in America The greatest curse
next after taxation In Tennessee 70 meet
interest on stolen bonds, is the iniQuitous
tariff paid on imports The imports OF Eng
land in seven years were augmented
laws. There " s a like Increase OF ex-
porfs from the S me cause, and the wealth
OF England grows with . rsplaiIy meas ~
The hay crop Of England utterly tlled, outthe
wheat crop Is IL, and though the quantity Is
less than usual, the guilty Is excellent, I'M
ports OF breadstufs viii be heavy from South
srn Russia and other quarters, and II Is
thought that prices VII not materially ad-
Money.
II Is commonly believed that New York
banks have expanded to a dangerous extent.
and that their reserve was never 50 smail as az
present. An outward drain OF coin and green
backs would force contraction 20 an extern
that might begej most disastrous results ana
terrible ina cal compl cations. The great
managers OF American finance are three
Boutwell, and his syndicate, the regulators OF
railroad loans, and the great officers OF great
railroad lines All these have demanded an
easy money market, aud it has been given al
me cost Of safety 10 the banks. Such Is the
prevalent opinion In New York. All railroad
securities, and most Others, are declining in
Wall street and Wall streetoperators In stocks
wheat.
As in EngIand so In Germany, France and
Ausfria- there is q deficient wheat crop In
thfs eounfrv the crop is lighter than in former
ssTfs5t n tbe EUROPEAN deficiency. b deficit /
- Enanann nna ELrrnna HE nw0hG hNU /
IS per cent snd even greater in France and
Germeny. because Of the liberal u=e OF food /
for powder and ball " made by masters Of the
mufdtpde. France is now buying largely
along the shores Of the Baltic, ard there viii
probably be a fair foreign demand for Ameri-
can bresdstuds, and thus there may pea STEADY
advance in the price OF hour. but the Amerl- L
can corn crop is unprecedentedly great, and
this fact VIII tend strongly to keep down the
hour market.
Effects Of War.
War. as We sl know, is the greatest possible
stfmuls TO industry. Especially have we
seen Ii here. SIS shown in the number Of Ten
nsssaa bonds afOar- a stfmulaut 70 The labOrs Il
ofthieves. Germany and France r~ebourdlke /
The tabled giant that gEthered fresh energy
ffou5 contact with mother earth French and
German trade aud msnufsctures are repro
dnced with smazing rspld1ty. Exports from
Eoglaud 70 those countries sre wholly without
precedent IN quantity and So win American
trade with those countries. Our exports OF
graia 70 Europe sre now great, and especially
TO the confident The cotton mLs OF the states
race-tlv al war have been re-establlshed the
people Of Fravce and Germany toll as never /
before: the factories VIII soon be IN full opera
tion. aud many new ones wiz spring into eX- 1
Lstence. and every / cidert Of our commercial
fortunes as we contemplate them al the mo-
inert. ifthe peace OF Europe be not again sacri-
feed 20 the smbidOn Of kings, betOken a season
Of unexsmpled prosperity for our merchants
and farmers
Memphis Market
In this city within ten DAYS there has been a
marked advance in some Of the leading articles, |
growing out OF facts above recited. Flour In
this market has advanced nom 50 4O9lgl y,
and finer grades nom t2GS % Bran N ven
davs has gone up form SO y; corn meal rom
IS pas so: corn from 679Ilg72c; clearstdes RON
hams nom E2aZ5c. butter from 27dgC. eggs |
froa lEec advanced % "a.
Health.
The CITY is fuu Of people, free from all dis
eases, ful Of health, UgOri activity and hopeful
81 a most prosperous future. Trade hCurlshes a.
never before in all It's departments.
Dry Goods.
The reason for the Unprecedented prosperity Of
Che dry goods and boot and shoe trade is found
10 s0me extent in the fact that Southern and
other exports OF the United states were greater
JAS year than ever before. We nave sent the
exterior world four hUndred mUliO-s Of doll9rs
wofrh 81 cotton. br~ea1stuhs, petroleum., proVi-
gfons -nher. ctr. and eighty mll1O IS OF bullion. |
%tarshzrts cay that foreign consignments OF
eto6 40 more sold at auction, The Euro-
near var cut on the auction supply and great
dificultv vet exists in the Fest in securing suit
able foreign goods In England and SWizerland
,a1rfaerurf-z have made eugagemsnus for |
rwefve months ahead. The trade in foreign wool
lens l. dull. because OF the recent enormous adj
vaace in prices OF about 80 per cent Buyers i
ah- East are supplying themselves sparingly az
an average adva-ce OF about ID per cent over
last years prices Our farmers must raise sheep.
Bur an tho WooIen mills ef this country are run
ming On fun time. and the product viii s0un
affect the ma ket- Flannel Is the weakest Oh
u-ooIlens, but the trade IN this is active enough:
Domestic cotton goods are in demand here and
In New York. and we VII soon have an advance
In prices o. southern yarns and domesnes frices
- mnuw m an average OF lN Der GeuL. nlLlGf lIEu I
IN May last
The Crops.
The advance slip OF the monthly report If
the daparfm1nt Of agriculture represents
ne 49, 90, - being favorable Tor a Iarre
yield ID the eastern and middle States still
more encouraging IN the states hevcnd the
MfrslsSfppf aud Missouri. and somewhat less
20 in the Ohio valley. The StateH below an
AVERAGE IN the grsa' corn PRODUCING districts
an q. TnSisna. q. ana Illinois. 90 Those
above an average are: Wisconsin, los; Min
nssOta lGs Iows, tl3: Missouri los Kansas
Us end NebrC ks Ia. Tbe wheat report Is
FAR les favorable than the returns OF spring
an early summer. eHoept as Tar as relates %
the esstarn and middle States. The condi-
lion ~ Wheat At the time OF harvesting IS
Tins stated: hove an average New haWp-
SHIRE. l04: Massachuset 8, l0l; New No-k, Nl:
Me- Jersey. no; Pennsylvania ~; Mary
land. Ega. Michigan l8 Below an AYERS %
Nafus s.. Vermont, 80; nelaWare 81; Wiz
gtn1a. E. North CarO'ins- IS; south Carolina
20 Gsergfa 81. Alabama So; Mississippi, 81:
Tsxsg. 81. Arkaus e. 20: Tennessee, 20; West
Virginia. 81; KENNEDY. IS; Missouri 81; ut
nais. %: IBaians 81: Ohio. "; Wisconsin. ga
Niunseota.S 50: iowa, 90s KansasSS; Nebraska,
-: California ana Oregon, IS. The amount
grovD in the south is small, but the low con-
dition there vii afect the Wpplyb1t hales
The deprec alton is about ten par c=nt In the
west. Which viii he partially onset by an m
ereass OF area Barley Is generally reported
Sua condition below an average. except in a
~ OF the States, Among the most fayors-
~ ~ue New York, Ohio. Iudiana snd VS.
c50ss Buckvheat viii also be less in qu9n-
a. than UFnal Tue western States pIomis-
fn5 nm "a Uplies are Wisconsin, lows Ne
hvsska and NRDsaS An sNerage aepreela
10 ~ ten ner cent may &c expected. Rye
is ~ nesriv the a -ercge condition, the heaY
lest depreciation berg n lhe sootn- Inc Psy
states producing Greater supply taao 9suai
sre Georgis. Arksnsas Ht.ennsln' L2~a
KanEas and Nebraska me mh79Efl valley
10 IS1r assured n be = dly Heglon, has Sc
cured an ~ebuDdance- while me phfo NAae
has cut ten per cent les toeo asusi 4us
crop oftbe Sta Is bordering on me Auablc
between South Carolina and 8asne. has been
reduced one-siEth; the reduction n thoae
east of New York being One-fourih The
quality OF hay gathered Is generally superior.
IA SOM sections injury resulted rom luoden
NJ freouenf shower and storms IN haying
fime. The potato crop promises 10 be nearly
an average 0na. The States giving percent
sgss below leu ere: Maine. 81; Vermont 81
RsszgchuBette. 81; Vest Virginia. s9; Ken
fucky. 81: Illinois. So; Indiana, 81; ohio, s5i
MichiZan. 6; Wisconsin %; Ca tforn a, So
Oregon 20, snd several OIL he southern states
Among tie states above an sVerage are
New nshire. l6s RhoCs Island, lO}; Con-
neoticut, los; New York, iJ3; New Jersey, l6;
Pennsvlvanis los; Missouri lol; NiBnesots.
N: Iowa. los; ksnEEs. ls5s and Nebraska, lOA
The sweet potatc cuon4s a fu1 one oetTeen
New York and Virginia, ana In Mississippi
sud Louisiana, aud elsewhere in southern
states someVhat below an average. From
she data received relative 70 the sugar crop.
- increase r. thirty per cent IN the aggre-
ogafe production may be expected. Last
YEAS crop ives. IN r5Unf numbers, 100 90
sNcEshea@s II is possible thzt the s~prouting
She cane reported In several places may
: In a greater injury than 81 present ap-
- r~,uobsble. A report Of the harvest in
tss vent districts o. Canada this year
,nst snbmdiied by the agents OF the Grsnd
renoT 70 gay company may De inns
- ~ IN on aFiO, the Wheaf crop o.
vi a. fbe lart,sst sao best ever harvested,
- orefns ar uB TO the average, the hay
c-oo - iigbt. and he root crops are sllghtiy
49, tbs averaR6; while in Q1ebee the
1870 v-aest IL an avnrags crop, OATS. barley
- ~ hsve TUNED oa5 well. the nav crop
is Sood- and the root crops promise 4 nand
Gone return. Cur northern helgnoors,nc less
fSa1 orr own people, therefore, nave tnls
vssT nd reasons for gfatlSnoe ana
thanksgiving TO the giyer o. al sooa'
FINANCIAL