Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-08-16

1N ~HNH~ --+@
stir among our commission and prOvis
ion houses to day than we have noticed
upon the same day of the week for twt
months past. The advance in meat
above has caused a similar one here, ant
although the supply is fair, there was
marked activity in both mess pork anC
bacon. Corn is very dull and sales ar;
small, being mostly foE local use, W.
quote yellow and white nominal at 81 OF
to 81 10. Cornmeal is not so plentiful
and in more request sales on ievee al
IS IS to S., and in store at SIS to So %
Oats are higher and supply light-55 Il
53c 90 leyee. Hay is scarce, but the de-
mand is altogether local. New timothy
on levee sells at $27 to $50. Bran dull al
So to S17, Potatoes in good supply al
IS to IS 50 per barrel. Onions are sold
at S4tO 81 50 per barrel. Apples are dull
at 81 so TO 81 per barrel. Choice
butter, 20 to DE common, not quotable
Chickens, a fair supply-young, 81 e
"a 50 old, S. to S. 80. Coffee, rio, % tC
| 2Sc. Eggs dull at II to 1Sc. Flour,
dull, ine, 50 50 to 81; \, So to $40 Xxx,
$40 80 to ST. fancy brands, Sl2 to Sl4
Lard in ~tierces, l24 to 13c; kegs, IA TO 14Rc.
Mess pork, S26 % to S26 so; clear sides, 49,
to lie; shoulders, 134 to lac; ~eanvassed
hams, is to zoe sugar cured, q to pc.
Salt, s. % per Dbl. Sugar, II to zoe for
crushed and clarified IA to tic for
brown. Western Reserve cheese, IA to
Ice; factory, Ice. Whisky, common,
81 e5 to 50.
We learn that the army worm has
made its appearance in this county. On
the plantation of Mr.. d. Townsend, one
and 8 half miles from Whites station on
the Memphis and Charleston railroad,
they, in the space Of a few hours, des-
tFoyed quite 8 large patch Of grass, after
which they pulled up stakes and left, So
far as we a learn their Tavages are
confined to the grass, but should they
commence on cotton we may yet hear
sad reports of devastation by this scourge
to the planters.
The frst bale of new cotton from Lou
isians was received at New Orleans on
the 18th.
Georgia, while she shows 8 disposition
to withdraw from politics and let the
rump and the brigadiers work their will
Of her, has turned her attention in good
earnest to the development of her do
nestle resources, particularly in the way
of manufacturing. Columbus and Au-
gusta are both fast becoming great man
ufactuTing centeTs; and ID is q curious
fact that the cotton and paper mills Of
these, as well as some other places in the
south, are turning out better and cheaper
goods than their rivals in the north.
The balance. Of trade has actually been
turned, and cotton goods and printing
paper are being daily shipped to the
north. er
Everybody knew that most Chicago
business was gambling, but very few
people expected q confession Of the truth
or the arrest OF the gamblers. Naturally,
the arrest Of some of her entefprising
grain dealers for selling "shOrt y causes
considerable excitement in that city.
Other business men begin to ask, 'Eif
these dealers are to be pulled when
will my turn come" Perhaps the large
stories OF Chicago grain operations find a
reasonable explanation in this phenome.
non. It is easy TO sell what one has not
got-and TO sell q great deal of it, too.
The question now is, how much of Chi
cagois boasted business is real, and how
much is merely "selling short ?''
1t is instructive and sometimes profit
able, as well as curious, to examine the
way in which the cost of a commodity is
piled up between producer and consumer
by freights, handling, duties, exchange
~ TIC COu1uliHslOuS anu pfUlito Of MlQ-
dlemen. Tea, for instance, is sold by the
grower in China and Japan at various
prices, from about Is to so cents a pound.
With freights added, it is said to cost
when laid down in any of our principal
seaports, an average Of so cents Ia gold >
pound for superior brands of "chops .
Taking this as a starting point, the addI-
tional charges before it reaches the table
of the consumer are said to accumulate
as follows: Original cost of tea, imported,
so cents discount on currency to pay for
it, 20 cents duty on gold, 25 cents dis
count on currency 10 make up the gold,
Is cents contingencies, l0cents; profit
of importers, II cents; profit of jobber, Is
cents; profit of retailer, say IS cents-to-
tai 81 "A. Ofthis, 54cents are comprised
in three profits, IS cents in exchange for
gold, % cents in duties, and 10 cents in
contingencies-in all 81 "a, in addition 20
the cost on board ship at our wharves.
the war the cost would have been
about as follows; Original cost, i'm
ported, 80 cents; 10 per cent. for contin-
g%encies, 5 cents; profit Of importers, 5
cents; profit of jobber, 6 cents profit TO
the retailer, IA ~cents-total, 80 cents.