Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-08-26

Oats are firm and scarce at Coo to Sac.
Bran steady at 81 to SIS per tpa. hay
steady 50 bales on levee sold at SIS, hut
other lots are held at $40 to So from store.
There is no change in FLOUR. Low
grades are still firm and scarce. We quote
Low Supers, S. to 50 so; Good do. s. - TO
SOL Y, 81 e. 50 IS 50; Xxx, s. TO s. so;
Xxx and Fancy, S to $40 30.
CoRNME4L is in good demand and the
supply is small. Fresh, at the mills, is
held at 81 80 to s. so, and in store at 81 IS.
Kindred 81 IS to s., as to amount.
In EGGs there is SOME falling off in
prices; selling at DE to 23c per dozen,
The HIDE MARKET Is quiet. We quote:
Green, 9 TO pic; green salt, 10 to lO1Ec;
dry salt, Il to IKE; dry flint, Die.
IRON TIES are steady at I to Sc.
n LraE tlefa ie Nc change, with the
demand fair. Alabama 3 to ? %;
Utica 81 IS to2. Cape 81 IS to ? 90. Ohio
river 81 "a to 81 40,
PoVLTRY of all kinds is scarce. Chick
ems are firm at So to 81 per doz. for young,
and 81 to s. for old.
TIT supply of RICE is ample. Lou
isiana 81 to &c; South Carolina 10 to 1OAc.
SUGARS and MoLAssEs are in fair de-
msnq With stusk ample. LoulsiaHa ~ to
l5Hci yell5w elaFifed16 to tdHci white do
l6k TO l7oi A, l6K TO lie; hards III to
lsc. MoLAssEs remains steady.
Keg TAR firm at IS Is to S. so per dozen.
The stock Of SALT is equal to the demand
and prices STEADY. We drotq; Large GaiIFt
seven busaoI h~grrels) 81 '5Ot04 IS; small
dairy ave busheI barrelsj 50 80 to 8 Isl
large common (seven bushel bills s. 80
to 8 so; small common(5 bushel bible,
50 80 to &.
Manufactured roBAoCos are in demand,
and all grades are firm. Prices are hrm
The STOCK market is wen supplied,
Western beeves are held al e. t. sc
gaassi 1exaz sS5 Ia 26 per head. Sheep
scarce at 50 to S per head. Hogs dull at
~ TO Sc gross.
WHEAT is in fair demand, and receipts
light. We quote No. l white 81 IS
to l 40; No. l red 81 soto l So: No. ., e 20
to ! e. Rejected, a5c to 81 10. We would
add fiat very little Mol has as 'yef'been
received
The WHISKY market is family actiYe.
Highwines are very scarce and firm at
81 26to 81 22Le, Common reotided whis-
Ky 50 to 9Oci Proof Tectifed 81 50 to 81 45.
! The Liverpool Courier, of the Cd, has an
article on direct trade, setting forth the
! advantages Of the moyel4en!. At says,
The whole seaboard trade of the United
states is concentrated in New York;
thither the raw cotton of the South is
transported for shipment to Liverpool;
the manufactured goods Of Lancashire
pass through the same hands en- route for
American sun On the Eastern
coast New York enjoys q mgn0po4y OF
AmeTicaa eommercegEnd it is clearly the
interest Of this country to break the eX-
| elusive power, lest it be welded against
us to the national detTiment.
On the practical ground of economy,
too, there are reasons why a wider and
freer intercourse should be fostered be-
tween the two countries. The Southern
States, now steadily recuperating, will
sOOn again become the great cotton
1 tel2 81 the world, and it is inn
uoTtant thatthe.TaW material should lind
It's way to British mills burdened with as
few impOsts as possible. The prevailing
system makes the New York middlemen
I AAAGA9 VI Wv MAJ AkAe 1ANA ht@AAk AAtNAAACN1
charges 10 the growers and manrtfac-
tuner. But the policy OF New York and
the rest or the North is a~ntagOniStic TO
free trade. Massachusetts and its con-
geners desire to foster local mianufay
tuters by a high prpteqtiYe tariff; they
WOULD driye foreign competitors out Of
the field hv differehtial takes, and give 2
non-natural stimulus to their home mills
until they are strong enough TO stand on
their merits. This country has already
felt the evil effects of this repressiye
policy in the diminished export Of manu-
featured goods.
Nothing can be done, we are afraid, to
alleviate the burden Of the protective
tariff until the Americans recognize the
the fact that imposts levied upon the for
eigner, who produces more cheaplV than
the home. manufactures, o.. are e5tra
charges upon the"retaiE consumer. The
system conipefs the public to pay more
for goods than they would be required to
paw if the cheaper commodities of for
bigners-whO work under more favorable
auspices-were admitted freely into the
market. The Americans are really taxing
the community for the advantage of a
class. but as vet the folly has not been
made clear to their understanding. The
Northis chiefly, perhaps solely, favorable
to this fallaciOus principle, its interest
being antagOnistic to those of the South.
I III eAAAA - - AAfAA1A1 Va
securing the exclusive right of supplying
tAe pelple, ald sseEs TO promote their
policyhY subbectiHg foreign TiFals to bun,
densOme charges. The South, being a
grower of raw material, Is interested in
obtaining manufactured goods at the
lowest possible price, irrespective of the
place Of the production; but the North,
for the " protection " of its own interest,
levies a differential tax on foreign goods,
which falls with undue severity or the
South. ,, ~ . .,t.4as -c'tFs % tv
This state pfthings cannot be altered at
present, but its existence is another strong
reason why needless charges should be
avoided on trade with the cotton growing
districts. There Is no possible reason why
raw cotton should be exported, and for
eign goods imported, through New York.
II is a circuitous route, involving waste
of time and needless expense. These may
be avoided by the establishment of direct
trade between Europe and the South.
Let the raw cotton be exported direct
from New Orleans, Savannah and
Charleston: let the Manchester manufac-
turers and the IiyerJcol ErSkars Zeal .ii-
rect with these Psrtsj or better still, with
the planters in the couatry. And in the
same way the manufactured goods re-
quiredsfOr the consumption Of the South
erners should be landed at the nearest
port, not shfpped to New York, and thence
fesnlDpeQ 10 'NAtI Ic2kAldA4AtA. AL lAnS
UNNECESSARY haRalipg 9farticies of trade
enhances their selling price, aud Hlti-
matelY falls on the consumers.
A Commercial Convention has been
formed al Memphis, whose policy IS 10
bring prominently aud in a practical form
before European capitalists the profitable
! field for the employment of capital in the
; Southern States. The association is stated
to represent ''all the leading men in the
2 South and Southwest" and 70 DO entirely
fee f a. pgl.t.0al qgestials, 1t is a
: tpmmeTeiaI and economical movement.
To give authentiO infoFmationo on the pres
ent position and prospects of the South,
D and to foster direct trade between the
, cotton fields of America and the factories
. of Europe. Mr.. Il. q. Morehead, the gen.
tleman deputed on this mission, has fust
70 arrived IT, 4igofpOei,i and the address he
E IS about TO deliver to the Chamber OF
Commerce and TO the Cotton Supply As
sociation will deserve especial attention.
from the Importance of the subject and
the authoritative manner III which it will