Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-10-17

AAAAANA "a
not be forgotten by the people, and law-givers
should be constantly reminded by private let
ters of their duty in this behalf.
Grain.
King Cotton was dethroned by the war, and
Grain wields the scepter and wears the crown
In the empire OF American When
Chicago was swept from the lake shore and de-
vOuYed by a monster more frightful than any
OF which fable dreamed or Homer sang, it was
thought that the destruction Of vast quantities
OF wheat, OF immense elevators and Of num-
berless frelghted vessels, would result in the
deprivation Of multitudes Of bread. II seems,
however, that there Is no occasion whatever
for apprehensions Of serious disturbance in
the market for breadstufhs; although, OF course,
it will be some time before the easy feeling
that prevailed before the fire viii again hold
sway. The destruction OF Chicago, and Its con-
sequent blotting out as q depot for wheat and
grain, Is q very serious natter but IL is not Of
such magnitude in q business sense as TO war
rant apprehensions OF scarcity in the article Of
breadstufis. There are other beside the
Garden City capable Of storing and shipping
the products Of the West. Milwaukee, Racine
and Cleveland are fully equal to the emer-
gency, and are prepared 10 send sll the wheat
and grain now in stock and ready for shipment
to the East So well is this understood that
the price OF wheat and grain has only advanced
from four 10 1--WE cents since the announce
ment OF the partial destruction Of the Chicago
means Of transportation. A feverish feeling
prevailed at FIRST, but the New York market,
under the influence OF fresher and more reas-
surfing dispatches, was hat.
Provisions.
So far as the destruction Of provisions at Chi
eago was caused by the fire no trouble is appre-
hended. III p-ackInghOuses escaped injury,
but transportation may be delayed, and those
connected in business with Chicago dealers
cannot yet do business Understandings. The
financial position Of anairs begeis a little dis
trust. Spectators In New York marked up a
few contracts last week, and there is a tenden-
cy TO advance, especially in desirable grades Of
provisions. III European demsnd is fair, and
the continent must soon have supplies. Mess
pork ranges somewhat higher. The demand
Is fair The jobbing business is light, but at
full prices. Extra prime pork. has advanced
here and in New York, and Is held firmly In
New York al SO 50, and prime mess at Sn 80
for old Western. Eellers tan Of So to IA 50 for
the new crcp Of best Western brand Lard is
nrm at l0<c In New York. Foreign buyers and
spectators are active, and holders demand an
4 hQNdASGs AAlOA - NH 49, eAN@ag WIN q
marked tendency 20 advance. Nothing is
sold for less In New York than &c, and good
cftyscuts command pc, for future delivery at
SEQ SIC for long clear and short clear. Hogs
arm at 6 10 &c. Beef Is uncertain and there
il no movement The beef cattle trade was
wonderfully dull last week in New York, and
droves were hard to sell. Prices are reduced,
and liberal estimates Of weight allowed. There
are too many cattle In the market in New
York. ana the trade Is at q stand-stin. Western
steers sell IN New York at 9 10 exc, and down
10 70 SIC. The sheep market Is also depress-
ed. and live hogs are selling IN New York at
5to sc, live. The provision market of Gin
einnafi advanced because that OF Chicago Wa
closed. snd orders accumulated there because
Of the burning Of the railroad bridge south Of
| Louisville. These effects are temporary. New
bacon viii soon take the place of old. Cinein-
natl packers are watching for q favorable
| chance In the weather 10 begin their operations,
DR. Goods. Clothing. Efe.
Boots and shoes and dry goods sTe In active
demand. Retail houses never before sold 50
heavily, and the wholesale trade growsmoEs
active, and Is, perhaps, nny per cent. more &C
tive than at this date last year. Our Western
trade grows with wonderful rapidly. The
railroads East are blocked, and Arkansas and
Mississippi must buy In Meinphis. Many mer-
chants from these states have returned from
the East 70 buy their stocks here. They ar
satisfied that Memphis. as now supplied with
ell manner Of goods at wholesale, Is the besi
market on tbs continent.
The market opened this morning with NOR
positive life than for several wesks; owing II
The fact THAI some nvs OF six boats nom 81
Louis came IN, and each had something 70,
this point fn grain ard western produce
l though the market was not bare, but rafher IL
good supply. this additional stock sEelled M
supply on and 70 fair propoFdong but al
did not adecf the marE11s Prices were IN
changed. except what effect The additional al
vance In frelshlf, which was made fhis morn
ing, may have. Rates On -four advanced &c
mskinE Z nov II per barrel other artlcles II
pIcpoll40A How nlzA Eaees Hze E1lnF Is nzrl
Tfas0R Wig HsfthaHla R17aRes anofhgS Sent