Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-03-05
TRADE.

Trade the past week has besn moder-
ately active in the general market. Tbs
| opening OF the river, recently, gave to the
market what was much needed, sbund-
ance of supplies, This has caused q de-
cline in meat, a slight decline in grain,
potatoes, -four and meal. The demsnd,
however, for grain has been very active,
which has prevented q complete break
down of the market. and instead there
has been only q decline of &c on corn,
about the same in cats, and none in hay
or bran. The weather most of the past
week was dissgreeable and unfsvorSble
for business. This morning opens out
clear and promising. Everything is f.
vorsble for a good trade this week, and
should cotton react business generally
will be large, as many country merchants
are waiting for this event before they
make their purchases. In groceries this
market has been slightly impeded in so-
tivity, owing in part to the doubt hanging
over cOffse and tea as to a reduction of
duties. These obstacles as to coffee and
tee cannot be removed until congress con-
cludss upon i.s actiOn---an sctiOn likely
TO be governed entirely by political mo-
tiVes. The reduction of the duty amounts
merely to a change Of duty from oEs srti-
Gle to another, and cannot be meant to
benefit the public, while trade is dersnged
and many dealers are compelled to drop"
profits and capital thereby. The market
otherwise shows "a advance in cheese,
candles, cotton yarns, nails and sods. The
Ths New York Chronicle of the 24th says
of trade: "Fhe occurrence Of s holiday
hos partially checked the movement OF
goods, but there can be no doubt that the
unsettled state of mind relative to the
proposed removal of duty on teas and
coffees has been the great drawback to
trade. The articles mentioned were natu-
rally Influenced TO the grestess extent, but
as the attendance of Inferior buyers was
greatly curtsiled, the demand for other
goods was correspondingly small. On
prices there is no decided change to note,
but the condition of affairs Is 80 unsettled
as to render quotations in many cases en-
tirely nominal The removal Of the duty
will give q profit to many operators and
cause many others 10 lose money, and the
eXpediency OF the act meets with or Glct-
ing ideas, but the unanimous opinion is
that q decision should be arrived ct once
1t behooveS the senate, therefore, to take
immediate action upon the bill for the
adjustment of the import duty on tea
and coffee, and by this means remove an
incubus which is prostrating the business
of q large and influential portion of thC
commercial community throughout the
entire country"
In tobacco there has bsen an active de-
mand during the past sixty days, with q
stock of the finer grades equal to the de-
msnd. Common grades are scarce. with
light stock on the market. Prices firm at
quotations: Extra fine, pounds,(O0r Tenn
ple)-Sl 10; fine, 90c@$l; good, 759S6c;
medium, 65@70c; common, 60G65o Quar-
ters-good bright, 63G65e; common
bright, 60@62o. Navy-gooG bright Ss and
4s, 65@67c; common bright IS and A, 629
CSC. Blooks-Navy, good, 3s, As and IS,
62@65c; Navy; common, 81, As and IS, 500
40. Gao,hs-~ Gnn and F.nau EEaGna1.
coed, 50965c; common, 40G5Oc.
MARKETS.
The following quotations are from store:
Builders' MISUNDERSTANDING cement,
per barrel, 81 1908; Rosendsle cement,
s. 50Q3 70; plaster Paris, So IS; hair, &c
per pound; friedrich, $SQ3 80 per hundred;
livered.
Butter-strictly choice butter ranges
from 26@2Sc; fair TO prime, 2)922c. The
demand for choice Is better.
observation-disclosures are firm ct the follow
ing quotations: Hemp and fax, BIB. 179
IKE; 2K-lb, ls9lsHc; iron Ties, 645Nc;
balingtwine, l7c.
Beeswax-Per pound, 2S@30o,
Broom O~orn-There Is q fair demand
for new broom coon at S9O9125 per on.
Cornmeal-There was a dull market for
cornmesl Supplies have been and are
still equal to the demand, Holders are
asking So %.
Oottonseed, Esc-At mills we quote:
Cottonseed in demand at Sll per ton. Oils
-for refined, 6Oc; for good, 45e. OIL cake,
2lc. Meal, 28c.
CRndles-Light weight are scarce and
quoted at I3414c; full weight, l9H9 zoe.
Canned Goods, Etc.-Prices per dozen
are as follows: Pesches, 81 1872 Is; toma-
toes, 81 469l IS; strswbsrriea, IS; rssber-
ries, 81 80; blsckberries, 1892 25; pine
apples, 81 1908; green cages, nominal;
egg plums, y 1908; cherries, q 25g2 5Oi
R~oOs6berries, g 5092 70; pearH, 81 25g2 90;
extra Oyster bsy asparagus, 50; green
corn, S2G2 IS; green pess, - 5O92 70;
lemon sugar, So 2593 20; oOve oysters,
1-lb. SIRi 10; lib, s242I0; condensed
milk, per case, Sl3 509I4.
Eges-The market was ovsrstocked.
Sales were made as low as I7o; holding
generally ct $50 for choice.
Flour-There Is no change In the mar
ket, Supplies are equal to the demand.
We quote: Supers, S. 5096 20; extras,
81 25@7 80; good family, IS 25tSs rs; fancy,
FrHit-Choice apples are scar CO, and are
quoted at IS O027 90, Rnd other qualities
from a to. So 50. Oranges are dull;
Louisiana, Sl2H; Havana Sll@ll 90
Lemons are In better demand st u
AZ SI4, and other qualities at Sl0012,
Dried apples, S@10o, and scarce. Dried
pesehes, 5X47c.
Fish-Whita fish, S. so per half Dbl
kits, 81 IS; lake herring, per half Dbl, IS;
smoked herring. 45@50c per box; new
mackerel, per bbl-No. l, Sl5g16; half
Dbl, es@s so; kits, 81 COOL IS; No. 3, large
bbls, SO 509l1; half bbis, IS sos kits, 81 %.
Grain-Receipts were hbersl. In corn
on Saturday 1000 sacks Of white, new gan-
MES, sold at $50. The demalid continues,
hence prices are maintained, but holders
were somewhat Rnxious to realize, as re-
ceipts early In the coming week viii like
" be large, and unless the demand from
the interior continues prices must droop
The receipts of bran were light, and sold
on the levee At $50 50981, and rssold
at $50. Oats are In fair supply; on the
levee, 5S@5ec, and In store, COG. bay Is