Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-06-07

earnest will do well to see the value they
have IN the eyes OF an experienced
calm lookerAon, who dicusses the matte.
not from a cotton but-frOm a dry
goods stand point, "a very dull marke.
for all classes Of dry goods has been thJ
principal feature Of the week closed
and apart from the demand for the
most urgent wants the inquiry for cot.
ton goods has been limited indeed, and
although through the action Of the
market for the staple, many buyers
have given some attention as
to the future Of the goods mar
ket, and the same having been magni.
fed into an inquiry by agents, who seize
uDOn the opportunity TO unload, we look
upon IL ns the most unreasonable mo.
ment for operation that has presented
itself for a long period, and further be-
lievs that but a small business has been
done. Our reasoning in the present
condition of the price Of the staple Is,
that It should have no effect on The
goods market, as the corner in the
market has assumed a speculative
character rarely exceeded by any ring
operations, and a glance at the daily
operations should convince dealers in
dry goods that its action should be
without effect on manufactured goods.
The contingencies that surround bust
hess at present are varied in character,
and not in the least calculated to in
spire confidence in the future. The
financial market is easily effected, and
difficulties Of a complex nature arising
out Of the Alabama claims, may cause
some disturbance. The systematic
method Ofthe various mechanical trades
and artizans, for eight hours labor and
ten hours pay, has been crowned with
success far beyond conception, and the
victory of one branch of woTkmen is
speedily followed by the demand of
Others. The additional cost thus sus-
tanned by every article Of whatever ma
rure, must compel economy on the part
Of the business men, whose profits are
not increased propOrti0nately TO eX-
penses. Tie Presidential contest is as
suming proportions Of bitterness rarely
experienced in the past, thereby adding
greatly TO the decentralization OF mercan-
tile pursuits in the interior. These are
all features Of the greatest importance to
the thoughtful business man, and if
given the attention they not only re-
quiTe, but deserve, must exercise eau
ti0us movements for the operations of
the fall season. The price of cotton is
Just as probable Of going to Soc or over,
to n other figure, and those who
sold futures for July and August,
have got to paydearly for their bargains,
yet it is perfectly ridiculous to suppose
hat such a price should be any guide to
the basis Of price for piece goods. The
Eastern corporations hold sufficient cot
ton to carry them into October, and with
an increased supply for next year as
very favorable, a very much lower fig
ure is likely 10 rule in the fall. Our ad-
vice to buyers is TO take goods as they
are wanted, and only so, independent Of
the price IF cotton, as lower prices must
rule as consequence. Letus look atthe
market for the staple. The receipts for
the week are about 5000 bales,
and while the demand for con-
sumption has averaged about 500
bales, for speculation it has been about
1000 bales. This shows how the price
Is being advanced and to what purpose.
And this is one Of the many benefits to
be conferred upon the community by
the adoption of the Wall street practice
for the sale Of cotton. The Liverpool
responds to the advance here,
and Hike spirit OF Speculation manifests
Itself there, that prevails here. But not
withstanding the high price of cotton,
yarns are depressed and slow, while the
piece goods market languishes for want
If buyers.n