Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-06-02
TRADE.

= chants at wholesale as low as they reta
lie the anne class of goods to consumers
This seems to me to be a very silly com
plant. If country merchants want TO e
into a retail house and buy goods a
wholesale, / contend that no n bu
a themselves has any right to grumble
and if the retailer chooses to cut for con
sumers his goods at the same prices h
charges merchants for them at wholesale
the country merchant has a perfect RICH
e. and win, Of course, decline the purchase
Away, theG with this sort Of nonsense
4 and let "PhGniX" and all other country
merchants who complain, hereafter bur
their goods of houses that do not pretend
: TO retail TO anybody, but who advertis,
! daily In your columns their policy anC
purpose to sell to merchants only. Ifthey
: viii read your paper regularly, they vii
he enabled to act intelligently, and ear
/ have no good aus of complaint.
? MEMPHIS.
The Kentucky Stale Tobacco Fair will
he held in Louisville to-day. The cash
premiums amount to four thousand dol
lars.
The Nashville Union aud american says
Of the wheat crop: Gentlemen who have
lately visited neighboring counties give
gloomy accounts of the wheat prospect.
Without an early and decided change for
the better, it seems to he the general i'm
preston that the yield will be far below
moderately good.
The Macon Journal gives the following
very proper reasons why Southern bonds
are 50 much below their real value in the
Northern markets. The cause, it saws. is
to be found in the fact that they are in the
hands of speculating Legislatures, who
have FILTERED away the little meney in
the State Treasures instead Of applying
it to the payment of interest. These car
pet-baggers have little or no interest in
the welfare Of the people among whom
they are sojourning, further thanto make
the most money possible ont of them. IF.
they can get possession Of the stock of a
railway, they issue State bonds for its aid
and relief, and so help up the State in
~debtedHess. The past due interest is left
to care for itself, on is paid by the pawn
brokerage of new bonds. The securities
Of our Southern States are far below their
real vaGre. Their oppressive, Specializing
lawmakers SIT brooding upon their credit
and warn away Legitimate Investment.
With the advantages which The whole re-
gion ofthe South possesses for becoming
wealthy, not only throughits agricultural
products of cotton, tobacco and sugar, but
through lis immense water power and
manufacturing facilities, it Ought to rival
the Eastern States, and its credit De a.
pod asthat of Massachusetts. The South
fthe present sufferer frOmthe corruption
oIthose who thus control its State Gov-l
ernments. When these same men come
in their turn TO Congress and take part in
the law-making Of the whole country, We
shall find them wen trained for the un-
dertaking of gigantic jobs and swindIes
similar to the Pacific railway and the
whisky frauds.
Attorney-General Hoar has given am
important opinion upon the right of ma
tional banks to become State banks under
the laws Of the State of New York. An
act To make &cm do 50 was passed by the
Legislature in April, 1867, and the Me
thanic~' and Farmers National Bank Of
Albany, having complied with its require
nents, claims 10 be relieved from all re-
Hl'A|A'ihAN W hit lAltt NAttt~. INC
Attoruoy-Genera gives it As his opinion
thai the relations OF the national banks
TO the United States can in no way be af-
iected by the action of the State Legisla-
-ure, and that a corporation created by
Of Congress n II be changed into a
corporation existing under State laws.
This appears to be a very correct view of :
.he ease. If a national bank is dissolved
meeting its obligations, It's property ,
nay DE assigned to a State corporations
this dissolution cannot be complete
until its circulation is redeemed or ade-
luate provision is made for such redemp-
ion i'm the United States Treasury. Until
is done, the bank, says Judge Hoar, is
to all the requirements of the law, /
must make its report, hoId its reserve, I
md he governed by its provisions in all ]
!
There was considerable activity dis
in the general markets to-day. f.,
Houses ON Front, Union and other whole /
ale streets appeared to be busy filling or :
.ers, and meats especially seemed to be d
n demand. Receipts of all kinds ofpro- b
nee were heavier than usual, while prices =
e~nerally have an upward tendency.
The demand for choice eating APPLES /,
fair with few in market. Prices range i
rom $40 to u per Dbl. as to quality. 3
Choice Navy BEANS are quiet AT s. 80 to p
Is per bushel. Mixed White 81 80 to =
90 per busheL G
In BUTrER prices are weak and irregu- -
ar. We quote choice at p 10 SOC. 4
IN Provisions there is a very fair de- I
land and prices are firm. We quote Mess |!
'ork S32 p 10 y 81. Prime Mess S2s 80 a
, ~ 80. Clear Bacon Sides I75z 10 TAc, ?
lots. Clear Rib Sides II 20 l7Tc. !:
houlders 1917 TO l3Ac. Bulk meats are e'
OF in demand; Clear Sides l6He. Shout
2Ee. s. c. canvassed Hams 10 10 y
Lard is steady. Terces 1SH to I9c;
-egs 1913 to 2Oc; Caddies p to BE.
The stock ofCoFFEE is ample and prices
rm. Ordinary TO prime Rio 20 TO /
Sc; Java IS to 37c. il
In CoRNNEAL there is but little doing. 8
quote Fresh and Kilndricd in lots a
store, s. - to 3 81. a
In DRIED FRUITS we make uo change. b
pples are firm at II to Re: Peaches y 2,
I3c. ~
The stock OF EaGs is fair and prices
eady at 70 to 2Oc. Z
In FLOUR there is no material change; =
grades are duh. We quote Superfne
10 to s. p; X, 5 IS to 50 %; XX,6 Is 10
80; xxx and fancy brands, s to S1l.
The Produce market is well supplied.
southern Potatoes are steady at s. 30 :
q 90 per barrel; New Orleans So to 6 p 4,
sr Dbl old Potatoes are dun and range
pm 81 TOP OIL per bbl. Cabbage $40 TO "A ~,
n 100. Dc
There is a better supply Of FEED on The Il
wee; about 1000 sacks Corn were received p.
nee yesterday. We quote sales of 22j =
eks at II to soc. OATS are irn at soc.
RAN sd to 3 per ton. HAY s2G to %.
The HIDE market is dull and prices
eak. Green 9 to 9kc; salt lOK to. IIc;
-ySalt, Ice; Dry Flint, zoe.
Cape and Alabama LINE held al "a 10