Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-03-30

The Chicago board of trade~a announced
its submission to the Detroit board of
I trade, in TIE adoption OF the following
preamblfo.n1 resolution:
WHEdEAs, The adoption of the GENITAL
system, in the purchase and sale of
grai9, appears to be impraeticable and is
generally unpopular therefore,
ReSOlved, That this board adhere to its
past and present custom of buying and
selling grain by the bushel, and hereby
rescind all prior action to the contrary.
The Times, referring to the above,
says: A candid confession is, they say,
good for the soul. And the Chicago
board of trade confesses itself an unmiti-
gated ass, in having adopted the GENITAL
business, without taking the time to con-
slider it. The board of trade should have
inquired whether il was practicable or
asimpraeticable," before il rushed into 1t,
with so much indecent haste. Those
members who have demonstrated, by
actual test, that the most economical
way Of carrying wheat to mill, is to
place a stone in one end of the bag, and
those members who maintain that it is
much farther across the circle than 1t is
around, because they have measured ii,
could have easily shown that the Genital
system was impracticable," and the
expensive and tedious experience to
which the board of trade has submitted,
in order to demonstrate this fact, estab-
fishes the superiority and excellence OF
the old-fogy wisdom, at which some OF
the Young members of the board are
disposed to scoff. The board of trade mas
completely exploded the decimal system,
which old fogies have always c~ontended
was wrong. The effort to make q grain
standard on the decimal system the
board of trade has repudiated, because
the thing is impTdcttcdHe-that lis,
wrong in principle, based upon q fallacy
and founded upon a popular error.
There should now be 8 demand for the
invention of a new standard for coinage.
This way of dividing up the dollar into
ten equal parts will not do. It is " i'm
practicable because founded upon a
popular error, and is wrong and incor-
rect in principle. The board Of trade,
which discovered and promulgated this
sublime truth, should devise and recon-
mend a new standard.
The board Of trade, however, had an
other reason, which is expressed in the
words, land is generally unpopular"
| 1t is not to be expected that a weather
cock will keep its tail against the wind.
The board Of trade was loyal because 1t
was 4 BOputUI buAuS us ochSc VI Eleht
aud decency depends altogether upon
the direction of the straws which indi-
I cate the course and strength of the popu-
lar mind it has never given evidence
of the possession Of a single iota of hon
est independence and backbone and, OF
/ course, was for the GENITAL system when
that was popular, and against ii when
it became unpopular. A poor, miserable
imbecile, driven here and there by q
breath, lacking the dignity of an assem-
blage OF school boys, proclaiming its own
shame upon the h~Ouse-tops, if it could
succeed In rendering the GENITAL system as
contemplate as itself, its friends might
bury it out OF sight, forever, as a stencil
in the nostrils OF decency.
Its enlightenment and intelligence are
( shown in the resolution declaring the
GENITAL system iRiprdctiodbte its civiliEa-
ton was illustrated in the proposition OF
a member to send arsenic, instead oil
bread, to starving wOmen and children
in the south and Its boasted generosity
and humanity are seen in the contriou-
ton Of S225 toward the relief OF I5,UOO
people destitute of food and homes.
APPLES-There is not much OF 8
stock on hand. Good winter are in de-
mand, and sell at from SIS to So per barrel,
BRAN-There is q light stock on
hand, with fair local demand. Selling
on the levee at $50 to S35 per ton.
BUTrER-Reeeipts are very fair, and
prices not firm. Choice roll and tut
scarce. Selling at 25to 30c ; common not
ia demand. Selling st 20 to 25c.
BAGGING-Ihere is a fair stock, but
/ the demand hasceased. Prices are weak
at 25 10 SOC for both India and Kentucky
CORN-The stock on hand is moi
large, and prices are frhss1 Selling OF
the levee at 81 Toto l Is.
CORNMEAL-The stock Is light
Kilndried sells st S. - to S. rs fresI
ground at 81 IS to So.
COEFEE-A very good stock Is now
in store. Prices are firm for allqualities
Rio, 25 to 2sc Laguayra, So to Ssc
lava, 4s to 45c.
cHRESF-There il 8 good demand
and fair stock. Prices are steady
Fnglisb dairy, 20 TO &c western re
serve. Is to l9c; factoay, there is bu
little in the market selling at ~ TO Ac
EGGs-There is a large supply. fresi
sell at from. is to zoe.
FLOUR-The market is well supplies
with every grade. The demand Is goo'
and prices steady. Wequote common q
81 to 50 su~perine, SO to 81 " 81 8
TO SIS Xxx, XXX, and ali fancy brand
from Sd3 SO to SIS per barrel.
HAY-There is n fair local demand 70
prime, which sells on levee sc $31 to $40
common, $24 to s3e.
HIDEs-There Is q good demand a
7 to So for-green /; green salted, 81 to &c
/, flint, II 10 12ic; salt flint, l43 TO l6C
LARD-There is = large stock o