Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-10-16
On ,Chanre--Ru.ine.s NeMs.

The attendance on Change continues 10 D0
large. The reading Of Geographic dispatches
from New Orleans each morning, containing iul
details of the state Of the market there, is a pow
/ erful attraction. The amount Of business done
was necessarily limited by the small arrivals OF
| produce. We have already stated that rumors
were general Of a stoppage, by the military au-
thorities, of the transmission Of wheat to TINS
point from places above Humboldt. Yesterday
morning the rumor assumed the shape Of posi-
tive assertion. and we inquired of parties con-
nected with both railroad and boats, and learned
to q certainty that such orders were issued last
week, and are now in force. From Mr.. Wood,
the President of the Memphis and Ohio railroad,
we learn that orders have been received that the
road is not to bring from Humboldt, or points
beyond, any wheat, -four, hay or corn, except
for the use of the army. We saw yesterday a
permit granted to one of the steamboats,, allow
ing it to run between Memphis and Columbus, but
forbidding the reception on board, as freight, o.
hay, oats, corn, -four or bacon, from any point
above Osceola. The holders of this permit,
when last in Columbus, received directly from
authority a verbal prohibition from carrying
wheat. They were :old that the point above
which wheat was not to be taken, was not yet
settled, but would be determined on by the time
Of their return it would probably be Osceola,
however, and that was 10 BE- considered the point
until a decision was come to. This order was
known among the farmers around, and they had
discontinued putting wheat in sacks, OF bringing
it to the river for shipment. The merchants on
Change expressed themselves as willing to IN
| derrO any ~privatiOn that was necessary for the
welfare of the army in the field, or for the good
of the Confederate government; they were do
ing 50 as it regards the cotton business, and
were willing 70 do so in the case of any
other article of produce, if so doing would adj
vance the southern cause. With respect TO the or
der prohibiting the export of wheat to Memphis,
except as to points within which no extensive
shipments can be made, it was doubted whether
the good of the army would in any way be
promoted by the course Of policy--or impOlicy-
| now pursued, or whether the Confederate gov
ernment would reap one iota Of advantage by
the change. 1t was considered generally by
those discussing the subject, that the natural and
| ordinary operations of the laws Of trade-laws
which are not made by any Legislative authority,
but which necessarily spring out of the compe-
titive system that is a part Of our social organism
should not be in~terfered with, only in such
| exceptional cases as may arise in peculiar con-
tingencies. In the present case it was believed
that the laws Of commerce, the great principle
Of supply and demand, would answer the OBJ
eets contemplated by the prohibitive measures
of the military authority of Columbus, better
than any arbitrary interference could do. While
saying this, there was no disposition among the
speakers to call in question the Tectitude of in
%tention, or the general ability Of those who is
sued the prohibition claiming for themselves,
however, as strong a spirit Of patriotism as is
possessed anywhere, they differ in opinion from
the authors of that measure, and from their prac-
teal knowledge of commerce they regard their
opinion as entitled to expression and attention.
Ii was remarked that the farmer who resides
within the limits Of the prohibition is denied the
advantages of an open market for the sale of his
produce. He may want to sell to-day, the army
may not want his produce for a month and also,
he has not the opportunity to make his sales at
the place where he can purchase his supplies.
The merchant at Memphis who had already
made purchases above the line Of prohibition,
and who has sent up sacks for packing his
wheat, in which sacks, in some instances, the
grain is now lying at the depots for transporta-
tion-where it has been detained owing to
to the military occupancy Of the line Of transit
is not allowed to receive it at his warehouse.
The pr ohibition viii not accomplish the object
it is intended TO secure, that object being, it is
presumed, to supply the Confederate army with
a suficiency of -four and alta moderate cost. BY
stopping the principal source Of supply of this
market, the price will necessarily be raised here,
and consequently also all the way to the Gulf
The -four for such portions OF the army as are
supplied from this market, directly or indirectly,
| viii be raised in price, and what is saved in
Columbus and neighborhood will be lost else
where. The Confederate government viii there
fore be no gamers by the prohibition. What is
saved on one hand viii be lost on the other,
The farmer, therefore, viii be deprived of the adj
vantages Of an open market, this city viii have
its business paralyzed, will suffer a
serious disturbance without any equivalent adj
vantage a~ccruing to our army or to our govern
ment. These are the views on this subject ex-
pressed on Change, and probably steps may be
taken to present them at the proper quarter.
Ii has been a matter Of conversation for some
days that several houses, including Morton &
Co, Todd & Goyer, Peres & Co, and Elliott d
Yinson, are going extensively into the business
Of beef and pork packing. The business of
drying and smoking hams, middlings, shoulders,
etc, will be pursued. Morton & Co. viii proba-
bly, do the greatest share of the business, using
their wharfbost at the foot of Beal street for the
purpose. Agents have been negotiating thepur-
chase of hogs and cattle, and a great business
will be done as soon as the weather win permit.
It is also stated that a large amount of packing
will be done for the Confederate government.
The progress of establishing the sugar BUSH
ness here is progressing. Harrington, Howell
& Co, are already prepared to supply sugar and
molasses direct from the planter. TIL house of
Ed. J. Gay, of New Orleans, it is stated, IS
taking steps to establish an extensive sugar and
mOlasses concern in this city.
SALE COSTNUED.-Constables sale, by A.