Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-07-06
THE OUTLOOK
For Trade and the Crop Prospects as
Our Leading Merchants Know IT.
The Cash Basis the True One.
Country Merchants Coming to 1.-THE
Cotton Crop Promises We'll, and there
is WelI-F0unded Reason for
Profitable Fall.

| To-day will be found an additional number
| Of intelligent opinions, by leading business
| men, on the crop prospect and business out
| look for the ensuing season. From these
| opinions cheering prospect presents itself,
& fact most gratifying to the city and coun-
| try. Our reporter called on quite a number
! OF others, but they were not at home, so he
had to forego the pleasure of interviewing
| them on the important subject under investi-
! CATION. The opinions below will be read
| with interest by the city and country readers
of the APPEAL:
W. B. GALBREATH & co.
The above cotton-fa factoring firm was rep
| resented In an interview with our reporter by
| Mr.. ]. M. Fowlkes. He believed that we
were having too much rain for the wants of
the crop at present. The condition of the
country merchant and planter was quite good
| at present; they were practicing economy and
| making but few debts. The business outlook
| at present was promising, and he anticipated
| a good business season. The cotton crop
| looked well and promised favorable results.
| 1t was mere speculation, however, at present,
| to predict what that crop would turn out; it
| depended upon too many contingencies and
| causes.
MENKEN BROTHERS,
| importers and dealers In dry goods and fancy
| goods, 261 Main street, were interviewed by
| our reporter. Mr.. Menken was of the opinion
| that the business prospect was very tiattering.
| The present growing crops had been and will
| be made cheaper than ever. Goods of all
| kinds had fallen in price. and in dry goods
J fall of from twenty-five to thirty-three and
| third per cent. was observable. Country
! merchants were purchasing extensively for
| cash, and general feeling to do business on
| a cash basis led to prevail IN the country
| tributary to Memphis, In Tennessee, Missis-
| sippi Alabama and Arkansas. From their
| correspondents they learned that the crops
were in quite Furnishing condition. In GER
| tain localities lack OF rain was felt, but in
other localities too much rain had fallen. The
| cotton crop will be large, the wheat crop is
| short, and the corn crop was never larger.
| The homemade meat crop was also In adj
vance in quality to those raised in former
| years. Mr.. Menken felt great hopes as to the
| prospect of trade. He believed that the bot
tom had been reached, and an upward move
| ment was being made. The planter was
| never better prepared than at present, even
| for such a calamity as the partial destruction
of the cotton crop. The planter has been
| living more economically than ever, and was
| preparing for the worst, even when the best
was in prospect. This was sensible, bust
ness way of doing things, and from such
nothing but prosperity was to result. The
house had made large purchases for heavy
! fall business. The accumulation of coin in
! the banks proved that business was being
| done closely. The winding up of the bank
rupt law on the first of September, he be-
| lieved, would add greatly to business, and
would restore public confidence. Mr.. Men
ken presented d hopeful state of affairs to our
reporter in connection with the business out
| look for 1883.
TAYLOR & ARNOLD.
The above-named gentlemen do whole
| sale grocery and commission business at No.
| 272 Front street. Mr.. George Arnold, whom
our reporter interviewed, is thoroughly con-
versant with the growing crops along the
| Mississippi, White and Arkansas rivers, as
| we'll as.in the country extending back from
the rivers in those States He was of the
| opinion, based upon the statements of their
| customers, and others who have been through
| the country, that the crop prospects were
bright, and nothing but heavy and continu
| Gus rains could injure the crops. He did not
| know the extent of the late rains, but sup
posed them to have been rather general.
| Planters were purchasing lightly, and were
| paving a considerable amount of cash for the
| goods so purchased. There was less demand
for advances or other accommodation than
ever before. The crop is being made at quite
a small outay-much smaller than in former
years. This would enable the planter to sell
| his crop and save the proceeds to large
| amount. Everything So far presented pros
| porous appearance in the country tributary to
/ Memphis.
| KREMER, HERZCG & CO.,
wholesale millinery dealers, 253 Main street,
were of opinion that the business outlook
was very promising for the next season.
Country people were purchasing lightly, and
were paying more cash than usual. In their
| line Of business they expected much larger
trade, and, in view of that fact, had made
| extensive purchases of goods in the eastern
| markets.
| GOODBAR & CO.,
wholesale dealers in boots and shoes, No
329 Main street, stated to our representative
Il. oY,1 i1,1oT,
never better. There was better feeling
listing among country merchants than here
| tofore Should the present rains continue
for some time much damage may be done to
| the crops, provided the rains were or would
be general in the country tributBry to Mem
phis. The house had made heavy purchases
with view to the fall trade. More cash
payments for goods were being made by
country merchants than ever, and they
seemed 10th to go in debt. The planters
were buying more closely than formerly, and
were making their crops at very low price.
JOINER, LENNON s. GALE.
| At the above wholesale dry goods house.
329 Main street, our commissioner met one
| of the leading members of the firm. He
stated, IN brief, that the outlook for fall trade
was quite encouraging; that while no greater
| number of goods were sold than usual, the
character Of that trade was much better; more
cash was being paid by country merchants
| than usual This was hopeful sign. Goods
were now sold much cheaper than on proceed
ing years, and that assisted the planter IN
making his crop at low rate. Should the
| present prospect continue, he anticipated a
| large and prosperous trade next season. The
| people of the country were on the upward
| march and felt encouraged. Economy had
| been practiced, and with the greatest benefit
and best results. Everything looks cheering,
SO fa-, and nothing but great damage done
to thecotton crop by the weather could inter-
rupt the prosperity of the country.
| FULAIER, BURTON & CO.
The above wholesale grocers, cotton factors
| and commission merchants, No. 81 Main
street, were talked TO by our man. They, too,
| were most hopeful, and regarded the condi-
| ton of the country merchants and planters as
most hattering IN a business sense. There
was less credit business done than ever and
| greater number of cash transactions took
place. People purchased lightly and prac
| tlced close economy, or at least those who do
| so were prosperous. The crop prospect IN
Mississippi, Arkansas, Tennessee and Ala
bama presented a good appearance at pres
ent and promised well. Should these favor
| able signs continue all would be well. and
| large trade would be the result this fall.
| Everything presented a most encouraging ap-
pearance at present, ana public credit was
much strengthened in consequence.
w. & S. JACK s. CO..
| Ihe above urn 0oes q wholesale CHINA,
glass and queensware business at 332 Main
Street. Mr.. Jack, the senior member of the
| firm, was quite cautious IN his expressions of
| opinion as to the next crop and the business
| outlook for the next season. Mr. Jack would
only state that should the crops turn out
large, large and prosperous trade would
follow; if not, not. He could not give any
| opinion or speculation as to the present con-
| dition of the cotton and corn crops with
view to the result Everything was based on
too many contingencies for him to speculate
as to the outlook for next years trade
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