Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-12-28
On ,Chanxo--B ussne.s News.

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mand. Bran was quiet, at unchanged price
Wheat was without change. Sugar slightly in
proved. MOlasses was in active demand, an
prices forther advanced.
The sales were as follows: Hour-57 sack
unbranded, $4.75; 70 sacks sfperfne, 1926
80 barrels choice extra, S1O.50; Is barrels supel
fine, $3.50; 10 sacks extra, $40. Weat-6
bush. fair, sacks included, $165; 300 bush. fan
sacks included, S1.5O; 40 bush. fair, sacks in
cluded, $1.55; 200 bush. choice, S1.75 Corn
304 bush. white, Csc; 800 bush. soc. Oats-2I
bush. 95ci 40 bush. 924c. Rye-65O busE
$3.50. Psds-6O bush. common 9Ocr 80 busI
S125. PotatOes-31 push. fair, $I.4Oi IS busl
prime, $3.50. SugaT-3O hhds. 4lc; 90 hid:
SCI 10 hhds. sic; 90 hhds. 4G7c; % hhds. 4c
MOiaSSeS-754 barrels choice, 25c; so barrel
prime, 24c. Lard-6 barrels, &c. POrk-8OO
tbs., hog round, Halle.
The aggregate receipts, yesterday, by railroad
and steamboats, were: $40 sacks bran, q barrel
apples, 3 pieces bagging, 278 SACHS peas an,
beans, 3 barrels and 142 kegs butter, 7 cask
and l tierce bacon, 10 sacks corn, , sacks cot
fee, 81 cases dry goods, 2O2 sacks and sos bar
rels -four, s. packages glass ware, 30 bales hay
1l2 hides, 6 head hogs, - tuns iron and steel,
barrels lard, 1920 barrels molasses, 20 kegi
nails, 124 sacks oats, 1O2 boxes oranges, 9 bar
rels linseed oil, 10 sacks potatoes, $40 tiercei
rice, 6 coils rope, "a barrels and o97 h~ogsheaJi
sugar, 5 hogsheads and 90 boxes tobacco, y
barrels and 80 kegs tar, 403 barrels turpentine
l04 bales wool, G baskets wines, 1874 sacks rye
The president of the Charleston railroad, Mr.
Tate, expresses it as his opinion that a better
plan might be introduced for putting an end t.
the difficulties of delivering freight that al
present prevails, than the system of registering
which we described yesterday. His plan is to
devote one day to freight going to Richmond aud
in that direction, another to Charleston, etc,
another to New Orleans; etc, another to local
way business giving notice through the papers
when intelligence was received that any partic-
ular line of road is clear, that freight for places
on that line would be received. By this means
only such freight would be received each day as
could be sent off, and of course the quantity sent
daily would be confined to a moderate amount
and the struggling and disorder that now prevail
would be put an end to. The merchants will
welcome aay scheme that viii relieve them from
the unnecessary burdens they are now subjected
to, and we expect the above or some feasible
scheme will soon be in operation.
At the Charleston railroad no through freight
will be received this day the depot will be open
for local freight, and for freight for stations on
the Mississippi Central railroad,
We continually hear in conversation, end see
published in the newspapers, the most astouish-
ing t~allacies respecting the prices of mercantile
One writer ON business affairs, for in
stance, has more than once inquired why cotton
seed oil is dearer now than it was before the
seeing that cotton seed is no deaTer now
lean it was then. This question assumes that
the price of the raw material is the sole regula
tor of the price of the article produced, a fallacy
would deserve to be only laughed at, were
not, with similar errors, 50 commonly enter
tanned. In the words Of one Of the most sound
celebrated of modern writers upon COM
MERGE, the price of commodities at any given
depends partly on the comparative facility
Of their production, and partly on the relation of
supply and demand. If any two or more com
respectively require the same outlay Of
capital and labor to bring them to market, and if
he supply of each exactly conceded with
he demand, they would each bring the
same price. But if any circumstance should oc-
,ur to increase or decrease the cost Of producing
'ne Of these articles, its selling price would OF
rise or fail accordingly, presuming that
he demand continued the same. IF the cost Of
.ifCduCsun -JzsinEs 4bs same, hit tlh demand
Increase beyond the proportion Of suefeasc OF
iupply, prices must necessarily rise. For in
if on the death of some celebrated indi-
7idual a whole nation should resolve to go into
Mourning, the price of black cloth would rise.
is to be observed, however, that any commod-
ty that can be freely produced in any quantity
rise of price from increased demand will be
merely temporary. If the nation above spoken
# should permanently adopt black as the color
# their garments, those manufacturers that had
produced brown, drab, etc, would hence
orth manufacture only black BY this means
he supply would equal the demand, as before, and
,rices would return to their former level. When
he raw material, however, advances in price, or
he rate of labor, then the price Of the product
will remain higher as long as the cause Of the
continues. There is still another cause
hat may affect prices, that is any variation that
nay occur in the value of the money with
which they are purchased. If the currency of
ny place become deprecated from any cause,
nore of it will have to be given for the same
commodity. We all know that when the issues
f any particular bank lose credit that its notes
re at a discount. If we buy ten dollars worth
f -four with notes that are at ten per cent. dis
cunt, we must pay the seller eleven dollars Of
hose notes. If the whole currency of a distric!
7 country become deprecated ten per cent,
hen eleven dollars must be paid in making pur-
hases where only ten was paid before in
Which case it would be said that articles had
isen in price. II, however, weshOuld pay for the
purchased articles in money not deprecated, we
hould find, not thatiprOvisions were much more,
nut that the money we used in our purchases
vas worth less. In the case of the notes of a
bank falling below the value Of the
lsual currency, we say those notes are at a dis
cunt; but when the whole ordinary currency
ais in value, then some particular standard, as
-old, which remains unaffected by the change,
5 said to be at a premium. This practice in
Q
ommon parlance Of speaking of that medium
# exchange that has fallen in value as if it had
emained stationary, and of the one that has re-
lained stationary as if it had risen in value, has
,een the fruitful source of much mischief and
raud. The public are mystifed and have, in
many cases, dearly to pay for an error in Ian
that leads to an erroneous way of under
tanding facts. Another day we may consider
he influence of monopoly and speculation upon
20 the Citizens of Memphis.
You have been indOlent in every respect-I
nean the real estate owners Of the city of Mem
his. You have taken no interest in the Pre-
of the PLEBIANs, who are the rulers