Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-07-04

states that there is no perceptible falling on
in the meat demand except In certain locall-
ties, and in others the demand ls on the IN
crease. The supply of home-raised meat has
increased rapidly, but this does not affect the
general demand to any perceptible extent
Merchants in the States above mentioned
purchased generally for cash, or on such time
that represents cash. This season the mer-
chants buy closer than heretofore, and prob
ably less than heretofore. MIR. Goyer De-
lieyes that the forthcoming season, in busl-
ness sense, will be prosperous, Judging from
present appearances. He believes that peo-
Die will continue to eat meat, whether it Is
raised by the planter or sold by the city mer-
chant.
oRGILL BROTHERS & co.
Our reporter interviewed Mr.. M'Near and
Mr. Denison, of the above hardware house,
80 Front street. These gentlemen were OF
opinion that the outlook for the fall trade
implements of improved style-labor-sav
machines-was increasing. Planters were in
curing after all such goods; grist- mills, cot
ton gins, etc., were called for and purchased.
The general trade had not increased, but
better feeling prevailed. Planters were 10th
to go in debt, and paid cash for many things
when they could have obtained them on
credit. The increased demand for agricultural
implements, mills, etc, was attributed to the
good prospect of crops and the bright outlook
for the forthcoming season.
PORTER, TAYLOR co.
DIR. D. T. Porter, of the above house, was
interviewed. The firm does business as gro
GERS and cotton factors. No. 300 Front street.
Dr. Porter was of opinion that the business
outlook was fattering. Country merchants
have been buying closer than ever known be-
fore, and many of them were buying for cash.
He regarded this as good Indication for
trade. Planters raised their own meat and
breadstuffs more than ever, and hence they
were more independent. There seems to be
desire to purchase as little as possible, and
to purchase that little at the very lowest
rates. The cheapness of the necessaries of
life, meal, -four and meat, helped the planter
wonderfully. The prospect for the next sea-
son was most encouraging, both for the
planter and city merchant He looked for a
good business season, everything tending In
that direction. Nothing short of a
destruction of the cotton crop would impair
general business, and even if that crop were
DESTROYED, the planter would be better off
than formerly, his debts and expenses being
much lighter. DIR. Porter took most en-
couraging view of affairs, and predicted a
fine trade next season. The business outlook
was never better, in his opinion. He regarded
the extension of the bankrupt law to the first
OF September as a calamity affecting public
credit, and In consequence many business
men were 10th to do business until after the
expiration of that time, except with their
regular customers. Too many men would
now take advantage of the law and go into
bankruptcy between now and the first OF
September. This affected credit generally.
When the bankrupt law stood repealed, pub.
lie credit would be improved and restored
wonderfully.
MIR. WASH TAYLOR,
of Taylor, M'Guire & Co., commission mer-
chants No. 1863 Front street, was of opin-
| ion that the present condition of trade com
| pared most favorably with that of former
years. The growing crop of cotton in north
| Miss sslppi and Arkansas has suffered from
too much rain. The cotton was water
| jointed," and the suckers" are too hume.
rous, owing to the too rapid growth, caused
| by wet weather. The suckers" overhang
the fruit or cotton-bolls at the joints, thereby
shading them so as to prevent their maturing
| properly. The joints of the cottcn-stalks are
some five or SIX inches IN length, whereas
they ought not to be more than one or two
inches. The bolls, or fruit, spring from the
joints. The 'lower" crop of cotton does not
exist to any great extent, owing to the too
rapid growth, and the middle" crop will be
| short. Should the season be favorable in the
future, the stop" crop may be very good; but
whenever the slower" crop is good early in
the season, the middle" and stop" crops are
assured. The financial condition of the
planters is very good; their credit has been
| limited, hence they had to fall back upOE
their own resources. Many planters now
raise their own corn, wheat, hay, flour and
| meat, and quite a number have money to
| loan and invest. This is cheering outlook
| for the next season, and if everything con-
tinues as at present, we will have d prosper
| GUS business season.
NJ. L. MEACHAM,
of NJ L. Meacham & Co., grocers and cotton
factors, 9 Union street, was Photographed on
the trade subject by our reporter. Mr.
Meacham gave deliberate and business-hke
| opinion He stated that the present condl.
ton of trade in this city was equal to the
usual trade at the present time of year. The
growing crop of cotton, SO far as his intorma-
| ton went, presented most favorable ap-
pearance The financial condition of the
planter and country merchant was very good
They could get all the credit they desired
and he knew of many who refused credit and
goods, they desiring to be more economical
than formerly. The cause of the better con-
dition of the planter was in the main due tc
the fact that they had husbanded theil
resources, and that breadstuffs ano
meat were infinitely lower in, price
and the planter was benefited accordingly
Meat and -four were now sold for one-hal
less than formerly. Planters were studying
how to be self-sustalning and how to accumu
late money. They, as a general rule, saiC
that if they were out of their old debts they
would be all right, and could pay for al
they purchased. The outlook for the ensuing
business season was fattering for the country
merchant and planter. The merchants oil
Memphis sold goods at very small profit
| because they purchased for cash at the closest
margin. The merchants were never bette
prepared to do business on favorable terms
than at present.
MIR. II B. vACCARO,
of the firm of A. Vaccaro & Co wine an(
liquor dealers, No. 1924 Front street, informed
our representative that the outlook tor tn
merchants. with whom their trade was eI
elusive, were all right. Their credit wa
good. There was on the part of the countr.
merchants desire to purchase as little a
possible, to live economically. They aske'
for much less accommodation than In forme
years. The price of breadstutfs and othe
necessaries of life had come down to low
rate. The small-fruit raisers, and these ais
raised vegetables this year, were somewha
discouraged, the markets of the country mort
and south being glutted, hence very smal
} price was realized for their products. Sale
= of goods, so far this season, were smalle
! than in former years.
WALKER BROTHERS CO.
Our representative walked into the estab
lishment above named at 229 Main street
and met Mr. c. II. Myers, a membe
| of the firm. The house does an exclusiv
business in dry goods with merchants. MI
{ Myers was of opinion that the business out
look was promising. Country merchants pun
| chased less goods and at closer rates tina
, heretofore. The country merchants explaine
? this by stating that planters had becom
more economical and self-supporting, an
were disposed to avoid further Indebtedness
If possible. They had gotten down to til
f hard pan, and were making an effort to ge
D up to cash paying basis. The extension {
: the expiration of the bankrupt law to Ser
n tember LIST Mr.. Myers did no. think aHecte
$ credit in any particular. Those who took ad
{ vantage of the law were old chronic case.
| hopelessly involved in debt. When the banI
!, rupt law was expected to wind up in a fe
q weeks, only thirty-eight persons in We,
a Tennessee awaited themselves of its provision
8 Mr. Myers did not believe that its extensio
2 to September LIST affected public credit to an
J, material extent. Those who were good q
r all the credit they desired, and those VIII
: were not considered good had no credit.
y HARRIS, MALLORY & co.