Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-02-16
TRADE.
IMPORTANT TO MERCHANTS.
49, DF-.r,v-- Il TC-l

A~EAfHlSs EcbludIg II A1tus
lain League, Esq, County Clerk,
Sir; In reply TO your letter Of
the 10Th inst, ] have TO say,
that, in my opinion, every mer-
chant 10Y in business in this county,
who has failed TO obtain a license from
Won under the provisions OF the act of
fheLegislsture passed January Is, 1870,
is doing business in violation of q e
ton 8 OF said act. Its provisions should
be enforced by the County Court Clerk
instituting prosecutions against all
such delinquents. As TO the justice Of
the law, 1 have nothing to say. That
is a matter for the Legislature.
Respectfully, WALKER WOOD,
General, 18th Circuit.
In compliance with the foregoing
opinion, a list of delinquents viii be
furnished on next Notwithstanding to
the AttOrney-General.
JOHN LOAGUE,
County Court Clerk.
The heavy rain of last night washed
our streets clean, and this morning
opeued up bright and beautiful. Trade
was active, and prices generally
steady. The leVee was crowded with
freight Of all descriptions, and the
Dackets had splendid trips for points
on White and the Arkansas rivers.
The following in reference to the tu-
ture Of provisions, we take from the
St. Louis Journal Of Commerce. 1T
agrees with our ideas exactly: The
public interest still largely revOlves
around the provision question, and
thousands are seeking 10 Lift the veil
Of the future and geta peep, be II e
ever so slight q one, at prices a few
months hence. No human being can
Dredict the market with anything ap-
1-oaching certainty. yet a sound rea-
sson2r who is not biased in his views
nv any dabbling i'm the market, can,
ffhe study the position Of things well,
allowing MIN 20 possess unusual facll-
ifies for information, give as shreWd
and valuable a guess at the market as
can possibly be given. Already there
have been backed in the West l,jO2,-
SIS hogs. The season has q full month
70 run. 10 which time more than one
hundred thousand more hogs will be
added 10 the sum total. During the
whole Of last season there were packed
INT / 4S3 I49 hogs. Atthe first glance,
and Without stopping to refer to the
urices which prevailed last year, one
would he tempted to imagine thai
there could be no reasonable doubt
but that provisions must go mucn
lower. Last January mess pork sold
at $2Sa29 per barrel, and clear rib sides
at Halle. BY July pork, by a steady
appreciation, had reached So 5Oa34,
and clear rib sides 1G2al7c. hestOck
OF meats was very rapidly sold at these
figures, and packers were induced 10
commerce cutting unusually early 10
6I the demand. With these facts be
fore IA. an0 the further facts that a
much larger area will be planted to
cotton this year, and that emigration
ever eonsumptiVe of bacon and corn
bread-is pouring In a great tide into
i South at this moment, we cannot
haIieve that a muck greater reduction
en- Drices can possibly be forced, and
We firmly believe that il would be the
mart of wisdom for planters to pur-
ffbase their bacon nOlr. The amount
~ side meat out of smoke, and avail
ob1a Is very light, and any sudden
fnorease in orders will be sure TO push
nrices mn a cent. Mess pork may pos
fibIv torreh s25. but we are inclined to
baIieve fhat an advance is very short
" Ia faEe place IN this article, unless
fhe amount OF hogs YET to arrive, very
largely overgoes lO0,0 900 head. We
feel pretty sure that the bulk OF me
mess pork stock win sell at from S2s
fo $40. take the year through. many
event the loss OF the packers VIII pc
enormous, and we are exceedingly
sorrv for this, because they are among
ire most enterprising and liberal Oh
our citizens.