Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-11-07
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Change WIS crowded yesterday tUy iuio
ductiou book shows an influx OF
visitors. Business was very lively. Flour aa-
vanced from Is TO 20 cents a barrel. Franklin
Mills, which sold at SII25 on Tuesday, went
at SIl.5O. The sales of -four were COS barrels
country extra superfue, $3.50 20 barrels
Franklin Mills, SII.55; 50 ditto, SlI578 p
ditto, SII.50. In wheat, the following sales
we're made: 30 bushels inferior, $50; %
bushels fair, Sl10; 2ss bushels fair red, $50;
16 bushels prime red, SIS; - bushels, sacks
included, $500; % bushels choice red, 50. The
sales Of corn were I4O bushels, 9Oi l76 bushels
white, 81, and 1873 white from lsyee at 81.
The miscellaneous articles were $ hhds. sugar
at ) to SIC; 20 tierces hams, 25ci 50 bushels
peas, SI.5Oi 20 barrels cotton seed oil, $40.
This sale of oil was made at the mill, and is be
low recent quotations. Some excitement existed
on the subject Of salt, which, it was stated on
the authority Of private dispatches, had advanced
in New Orleans to the price of SI2.5Oper sack.
The reported great destruction of stock in salt
works on the Kanawha river, IS stated to have
Influenced the advance. Some merchants were
of opinion that the advance was the simple re-
suit Of over speculation, that the article can be
largely produced at a lower rate in southern To-
~calities, which would not hitherto pay for the
working, and that 1t would not be safe 10 do
much IN the article at the high figure it has at
tanned. Others said that no stocks remain in
first hands, and the high prices must necessarily
ruls. The saIes were 50 sacks coarse at S9.75;
20 ditto at $40.
The Charleston railroad brought in 1904 brls
and 442 sacks OF -four. The President Of this
road stated on Change, some days ago, that if
the military authorities conld give him the use
of his cars he could bring 1000 bis OF -four a
day to this market. There can be no doubt that
by a little method and management a portion at
least Of the cars that have been monopoized for
military purposes, with the understanding that
the ears thus released should be used for bring
Ing -four from the districts where Is is cheap Tor
the use OF the army up the river. How much
more completely such an arrangement would
have secured the necessary supply at a cheap
rate, than tbe system that has unfortunately been
pursued The course of trade would not have
been de1anged, unnecessary advances Of prices
would not have occurred on the contrary. the
receipts from q distance would have been a check
on advances in our market, no rights would
have been violated, and no irritated feeling
would have been engendered. Is it too late to
initiate such policy Evidently the right way
D.. 1000 E-,- aLo T-1,-,Ir- o,,L,--, T.Gc.-,14-
is to increase the supply by facilitating receipts
from q distance.
Some conversation toook place on the subject
OF our city inspection laws. At present there
is no obligatory inspection, and there Is in fact
no well digested system Of inspection in exist
here. Practical difficulties Of a serious
kind have arisen from this state Of things.
commercial cities have invariably found
the subject Of inspection one OF Importance
important IS a safeguard to the merchant, and
TO the commercial character of the
city. Can Memphis do without a system that
has been found so essential elsewhere The
present mode OF inspection here is almost useless
to the merchant, and affords not one cent Of
value 70 the city. The question was asked
Should not the Chamber appoint a special COM
mittee to investigate this subject, andifa change
should be considered necessary, to confer with
the proper city officials and draw up a proper
system of city inspection, which, after receiving
the appreciation OF the Chamber in fun meeting
should be submitted to the City Council for lis
acton2"
The Ner Orleans Della Of Monday, says:
" Sugar and molasses are arriving in large guam
ties eyery day-HAich can be measured on the
levee BY the acre most Of which is dTayed to
the Memphis packets. That city appears to be the
center for the Louisiana sugar crop The New
Orleans Crescent has the following: The en-
bsrgo and restrictions imposed by the military
authorities in Kentucky and Tenuesses are
operating greatly against what little trade and
business our community was favored with last
week. Ia most articles of daily consumption
breadstufs and provisions particularly, We are
silently drifting towards famine prices II those
large and bOuntCous crop accounts which We have
for months been RECALLED with, are actually real
lied throughout the country, re oughtto be re-
NutfAAAk AaAf y AANANSe % tAAlAA AZ Jul ANTI
In sugar and molasses, there is an abundance,
far beyond the actual wants OF our IN
habitants, as well a. su o~verabundance
to meet the demand for the Confederate States.
The interruption on the Memphis and Charleston
railroad imposes another depression on the trade
in these articles. The transactions in these two
articles during the week amount to about one
hundred and sixty thousand dollars. Pork, beef
and bacon are held at starvation prices. Posi-
bly, there may be a recession in the prices Of
these articles when the packing season arrives.
Bagging and rope have advanced TO unheard Of
prices These can be avoided by a determine
ton on the part Of planters not to use thom, and
by r~esorting to hoops and cypress boards, which
viii do remarkably well for holding cotton in the
form Of bales for storage on plantations. Eight
and nine cents lor middiing cotton viii not pay
for bagging at p cents, nor for rope at 20G22
cents, or iron ties at 23024 cents. If factors,
however, can realize discounts or facilities from
our banks to furnish plantations with supplies
Of this character at those prices, there viii be
flemish balances somewhere on a general settle