The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-10-27
TWO SOUTHERN CITIES
THAT HAVEP RosPEREDGRs
The Wonderful Growth OF Memphis and
Charleston-COmms Advance
ment that Each Should be
Proud Of-PrOspects.

Charleston is looking forward to a
year Of great prosperity, and the people
are congratulating themselves on the
satisfactory maintenance of the city's
business through recent period of Sc
we're depression, caused principally by
the failure Of the crops. For the COM
mercial year lSS2-lSS3 the total trade of
the city, including the average value of
the staple products received, of the pro-
ducts of manufacture and of the whole
sale and retail trade, was represented by
So lis, 400; for the past commercial wear
the figures are S64,5l2, 100, showing a
shrinkage which, taking into account
the crop failure and the strngency of
money throughout the country, is held
TO be encouraging rather than otherwise,
from the tact that the difference is not
greater. Only two failures of conse-
queuce took place during the year, show
ing in remarkable degree the stability
of business concerns.
The imports and exports of the city
show some falling OIL, due chiefly to the
shortness of the crops the value of OK
ports was SIG, ll5,G3O, against SE,570, 1917
the previous year; and OF imports S432,-
937 against $5O6,JG5. The feature OF the
review which is the least satisfactory is
that presented by the cotton trade.
The opening Of the season of 1889 found
n large accumulation OF stocks of cotton
in the gGeat commercial Centers, and 4
consequently depressed state of the
market, winch contrary to expectation,
was not affected by the report that the
next crop would fall short. Strangely,
the receipts in January were so large as
to dispel the idea OF deficiency, and
when afterwards the failure of the crop
became apparent, and prices would
naturally rise, many bank failures at
the north and period of uneXamplcd
depression ensued, Counteractiug the
tendency of a better market. AS to the
future course OF the market, so largely
dependent on the incoming crop, no
forecast is given, any estimate being
regarded as little more than guess-work
Next to the cotton trade, that in naval
stores forms the most important item In
the commerce OF Charleston. Compared
with the previous year, the receipts and
exports show slight falling OIL; prices
rule low and there is prospect Of fur.
ther reduction. Reports of the growing
rice crop, except Tho Sauteu district, az,
encouraging. The area in cultivation
IL the same as last year; some improve.
ment in quality is looked for. The large
interest represented by the trade IN
phosphates and fertilizers furnishes &c.
counts fairly satisfactory; the business
has been large in volume, but tho rul
ing prices have been low. Tho growth
OF this interest has warranted the cstab
lShment of phosphate miuors' eX
change, which was inaugur8tad in
March last. The total annual output OF
tho regular companies IL now LjTOo,
tons. The past season has been a very
satisfactory one for the truck farmers
around Charleston, owing largely to i'm
proved transportation facilities. The
growth of the city itself is illustrated by
the fact that of late large area of gard
ening land has been occupied for build
ing purposes, but extensions have beer
made about on a par with the encrOaCh
lnents. Tho shipments of strawberries
an important staple, fell oil; of potatoet
an average quantity was sent, while fol
miscellaneous vegetables the figures ar,
larger than last years.
Memphis Is suggestive of the cotton
trade, being the largest inland Cott0r
market in the world, aud naturally hel
business history for the year il occu
pied for the most part with the rccpipts
shipments, and fluctuations in tho pric.
of the great staple. In the past veal
Memphis claims the reputation Of hay,
ing recn the best market for tho sale o.
cotton, often paying moro than coulC
have been ealized AZ New Orleans, "a ,
moro in proportion than in New York
A recapitulatiOn of the years bushes,
shows: Receipts at Memphis, ijO,OT
bales, against 5lO,is9 bales the prcyiou,
season, the decrease being accounted fl
by the lightncss of the crop; and where
~ the receipts Of the previous year wor,
One-thirteeuth of the entire cotton crnp
those of the last season were One-tNNelfth
showing i'm fact proportional increase
Tho general trade for the yc1r shown
phenomenal enlargement, especially
considering the conditions Of bushes
through the country. Receipts and eN
ports OF corn In bulk have been iucrea-
cd threc-iold, ~ compared with tho pre-
reding year. The Hour and cOrumua
trade a's0 shows a favorable increase
and the trade In hog products Is mos
conspicuous. The dimensions of Ia,
business in produce have fairly tokoi
tho growers Hnd dealers by surprise
Imports of potatoes were 15,eB1 barrels
against 2L.1 barrels the previous year
exports, Si,2j9 barrels, against $3.50
barrels. Imports az apples, 1854 bar
rclS, against 2,Jlj barrels; exports, l2,lS
barrels, against q, SOB barrels.
lthln the CitY the ACTIVITY IN build
ing has beon marked, "a hUs been thl
large attention given to puplic improve
meuts of q sanitary character. Tine sun
ut S9DODl was expended ON new build
iugs, $4,000 on the repair OF old ones
and uearlv $4,000 ON paving and sower
age. There is invested In The mauuisc
lures of the city S5,JlD,OOO, and those In
dustrics are being extended. Takol
altogether the report put forth In behal
OF Memphis Is assurCdly one full ~ th
most encouraging facts aud figures.
Considering he recent business his
tory of the country, thrust h0 admittp,
ON all sides that such ShowingS rs IN
leading cities of the south arc able 4
present are most gratifying. The abilit,
10 stand steadtast Ia periods OF tens.o
ls surely OF as much account 81 the vol
ume of business In flush times, and ht
speaks u capacity TO take large advAu
tuge of moro favorable conditions whe
IN the course of things they ara pre-
Sepied,-l Tho South.
e
Ladies approve oily our smoking slit
TO Joker
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