Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1884-11-08
TWO sOUTHFRN CITIES.
The Wonderful Growth OF Charleston and
and Memphis.

and Memphis.
The South.
Charleston is looking forward to a year
of great prosperity, and the people are
cOngratulating themselves on the salts
factory maintenance of the City's bust
ness through a recent period of severe
depI ession, caused principally by the
failure of the crops. For the commercial
year 1S82-lSS3 the total trade of
value Of the STAPLE products re- re-
ceiVed, Of the products Of manufacture
and of the wholesale and retail trade
was represented by $50, lI5, 100; for the
past commercial year the figures are
S64 512, 100, showing a shrinkage which
taking into account the crop failure and
the stringency Of money throughout the
country, is held to be encouraging, rather
than otherwise, from the fact that the
difference is not greater. Only two fail
ures Of consequence took place during
the year, showing in q remarkable de-
gree the stability of business men.
The imports and exports of the city
show some falling of, due chiefly to the
shOrtness of the crops; the value of ex-
ports. was Sl6,ll5, $50, against so, 570167
the previous year; and of imports 1882,
937, against $500, 565. The feature Of the
review which is the least satisfactory is
that presented by the cotton trade
The opening of the season Of
ton of stocks of cotton in the
great commercial centers, and a Conse-
quentIy depressed state Of the market
which, 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 a deficiency, and when afterwards
the failure of the crop became apparent,
and prices would naturally rise, many
failures at the north and a period Of IN
exampled depression ensued, cOunteract-
ing the tendency to a better market. AS
to the future course of the market so
largely dependent on the coming 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 q slight falling
of; prices rule low, and there is no pros
yeCts of a further reduction. Reports Of
the growing rice crop, except the Santee
district, are encouraging. The area in
cultivation is the same as last year; some
imprOVementinq quality Stocked for. The
large interest represented by the trade
IN phOsphates and fertilizers furnishes
/ accounts fairly satisfactory, the business
has been laage in volume, but the ruling
prices have been low. The growth of
this interest has warranted the estab-
lishment of a phOsphOrate miners eX-
change, which was InauguTated IN March
last. The total annual output of the
regular companies is now 257 600 tons.
The past season has been a very salts
factory one for the truck farmers around
Charleston, owing largely to improved
transportation facilities. The growth of
the city itself is illustrated by the fact
that of late a large area of gardening
land has been occupied for building pur-
poses. but extensions have been made
about on q par with the entertainments.
The shipments of Strawberries, an i'm
portant staple, fell OF; Of potatoes an
average quantity was sent, while for
miscellaneous vegetables the figures are
larger than last years.
Memphis is suggestive of the cotton
trade. being the largest inland cotton
market in the world, and naturally her
business history for the year is occupied
for the most part with the receipts, ship
ments and fluctuations IN the price Of
great staple. In the past year Memphis
claims the reputation of having been the
best market for the sale of cotton, often
paving more than could have been real
lied az New Orleans, and more IN pro
portion than in New York. A recapitu-
Iation of the years bushes shows: Re
ceipts at Memphis. 450O77 bales, against
5lO,789 bales the previous season, the de
crease being accounted for by the light
ness of the CROP and whereas the re-
ceipts Of the previous year we're one
thirteenth 0fthe entire cotton CROP. those
of the last season were One-tWelfth, show
1 ing In fact q proportional increase.
me general trade for the year shows q
phenomenal enlargement, especially con
sidering the conditions Of business