Cheyenne transporter. [volume] (Darlington, Indian Terr.) 1879-1886, 1885-03-20
TWO SOUTHRN CITIES.
The Wonderful Growth Of Charleston and
Memphis.

Memphis.
Charleston is looking forward to II
year of great prosperity, and the peo-
pie are congratulating themselves on
the satisfactory maintenance OF the
city's business through a recent period
of severe depression, caused principal
" by the failure of the crops. For the
commercial year 1882-1883 the total
trade of the city, including the average
value of the staple products received,
of the products of manufacture and OF
the Wholesale and retail trade, was
represented by 375, 5,115.4'0; for the
past commercial year the figures are
$64 ,512, 100, showing shrinkage which,
taking into account the crop failure
and the stringency of money through
out the country, is held to be en-
couraging rather than otherwise, from
the fact that the difference is not
greater. Only two failures of conse-
quence took place during the year,
showing in remarkable degree the
stability of business concerns.
The imports and exports of the city
show some falling off, due chiefly tC
the shortness of the crops; the value OF
exports was SIC, $3.50, against 1922.
$40, 167 the previous year; and of i'm
ports 1882 1887 against $506,565. The
feature of the review which is the least
satisfactory is that presented by the
cotton trade. The opening of the sea.
son of 1884 found large accumula.
ton of stocks of cotton in the great
commercial centers, and a consequent
ly depressed state of the market
which, contrary to expectation, was
not affected by the report that the mex,
crop would fall short. Strangely, the
receipts in January were SO large as tC
dispel the idea of deficiency, and
when afterwards the failure of the crop
became apparent, and prices woulC
naturally rise, many bank failures a.
the north and period of unexampleC
depression ensued, counteractlng the
tendency to better market. AS to the
future course of the market, so largely
dependent on the oncOming crop, NJ
forecast is given, any estimate being
regarded as little more than guess
work. Next to the cotton trade, tha
in naval stores forms the most import
ant item in the commerce of Charles
ton. Compared with the previous year
the receipts and exports show sligh
falling off; prices rule low and there il
prospect of further reduction. Re
ports of the growing rice crop, excep
the Santee district, are encouraging
The area in cultivation is the same a.
last year; some improvement in quality
is looked for. The large interest repre-
sented by the trade in phosphates anC
fertilizers furnishes accounts fairly
satisfactory; the business has beer
large in volume, but the ruling price
have been low. The growth of this in
of phosphate miners exchange
which was inaugurated in March last
The total annual output of the regular
companies is now 257,00O tons. Th,
past season has been very satisfac
tory one for the truck farmers arount
Charleston, owing largely to improved
transportation facilities. The growth
of the city itself is illustrated by tht
fact that of late a large area of garden
ing land has been occupied for building
purposes, but extensions have beer
made about on a par with the encroach
ments. The shipments of Strawberries )
an important staple, fell of; of potatoe,
an average quantity was sent, Will,
for miscellaneous vegetables the figures
are larger than last years.
Memphis is suggestive of the cottor
trade, being the largest inland cottor
market in the world, and natural,
her business history for the year is oc
cupied for the most part with the re
ceipts. shipments, and fluctuations in
the price of the great staple. In tn,
past year Memphis claims the reputa
ton of having the best market for the
sale of cotton, often paying more thar