Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-11-12
MARKET.

The wholesale trade has been kept quiet this
We 1871 by the 9s severe pressure Pc 51oa that o exists 81. in
market are at this moment in a transition
state that makes IL extremely difficult to
give the prices OF their commodities with
precision. Tie low state Of the Ohio river has
Tor sometime past confined purchasers 70 sup
plies coming from 81. louis, and the price OF
products has been governed by that market.
Within the past ten DAYS NAVIGATION 10 that
city has been tmpeded by obstacles that have
compelled a very heavy rise in freight, and at
that advance arrivals have been limited and
uncertain This has, Of course, given an up
ward tendency TO produce and feed. A recent
rise in the Ohio has enabled several steam
boats TO start for the South whose arrival has
been looked for the last day or two. Flatboats
laden with corn, potatoes, apples, onions and
other produce are also on the way, striving TO
get down. II these should arrive, our stocks,
which are now generally very low. would be
replenished, and prices would decline as a
consequence We are thus, at the moment
We write, subjected 10 " opposite
one tending TO increase, the other to diminish
prices. This element Of uncertainty must be
taken into account by the reader, as prices
VIII rise or fail as one or the other state Of
things becomes predominant. The whole re-
solves itself into this-if the rivers rise prices
Of feed and produce VIII fail; II not, they
viii advance. II the railroads did all we eN-
pected OF them when it was proposed 70 build
them, they would, at a moderate advance Of
price, Of course, supply what the low state Of
the river deprives Us OF, and keep our market
fairly equable. But here they utterly fail, and
when the boats raise their rates-as they must
90 Wnen the low FlNer allows them TO bring
only half the freights they are capable OF car
rying, the railways, instead of coming 10 the
rescue, raise their rates in exactly the same
proportion. In this way they not only fail 10
when the rivers fan US, but they lose the
grand opportunity that ought 70 MI their
Golfers and swell their dividends. II il paid
the railroad 70 bring a barrel Of -four for nifty
cents when the river was high IL viii pay
now, they can get ten barrels now where
they had one, but they raise their rates 10
s~eventy-hve cents when the steamboats, do,
and thus thrust from them the grand oppor-
tunity by which they should pTonJ Another
thing which is q disgrace 70 these roads is
that our produce merchants can get their
stocks quicker and more certainty in time by
the boats than BY the railroads. This will
appear singular 70 those who now learn the
facts for the first time, but odd as it may
sound, the STEAMBOATS, can and do beat the
railroad in time, as well as price. The reason
ls-the boats are managed with a skiu,shrewd-
ness, method and fidelity the railroads have
not yet learned. Under these circumstances
our review Of the market is limited, this week,
70 a mere capitulation Of the limited business
that has taken place during the week, and our
quotations are subject TO considerable change
any day according 70 the state Of the rivers,
especially the Ohio.
Feed.
Corn Is very scarce, owing 10 few and
small arrivals. One day the price went
up 70 65c, the next news OF probable
arrivals from the Ohio sent IL down TO
G2Lc, the day after extreme low stocks caused
lots 10 be sold again at 65c. The arrival OF new
corn, however, tended 70 keep rates Town, as
IL was sold under the market rates Of Old. Oats
are in small supply, with some inquiry tor
them-prices are sail az sea-" Hay is not
abundant, and prices are Utmost 81 better than
a week ago, choice bringing SIS. Bran has
been very scarce, and sales were made at 50,
with a prospect OF going higher, unless nuil
arrivals check the upward tendency. The
latest quotations Of these and other articles
We give In the table below.
Flour and Neal.
The strong advance IN hour would have
driven prices mp, but a weakness In the first
market counteracted that tendency, and one
influence has practically exactly neutralized
the other leaving rates Just where they were.
Jhe demand IS not active, supplies appear to
n,ssc tSa0nS1 ne COUNTY, nqepehueht o.
Memphis which has probably been caught
mapping Meal would doubtless have gone
up 70 s., but the supply has been liberal, and
& b has been as high as could be attained.
Butter and Eggs.
Butterhas bee Remarkably equable in price
FOR months, and we have nothing new 10 say
respecting IL. Eggs are in very moderate de-
and although the stocks have at times
the price &c92Sc has covered the weeks
We must, however, look out for an
early advance.
Poultry and Meat.
Chickens have been q perfect plague all the
week 70 holders. Most Of what has arrived
have been Young mixed, and they are not
wanted. Holders Of them have been Offering
o sell al any pnce-pick where you please for
- ~ n AseN4~ oR0AF AAAA EANmA ANN NAANhIATH
all hens, have found ready sale al good prices
all the time, Scrubby rubbish stands a bad
chance IN Memphis, and people do not want
g cheap" ~a1ficles, they want good, and are
willing 20 pay the price for them. Quarters OF
beef, Wholes sheppard hogs are selling readily.
This kind Of trade is increasing in Memphis.
Ducks. geese and turkeys are all IN fair de-
mand, both alive and dressed.
Produce.
Apples are IN good demand and active, very
for eating are in especial demand. POta-
risen Ia price. Cabbage has been scarce the
few days, and the demand for &c is good
crates were selling al 81 and s. 50 Yesterday
Nav beans, krautt cranherTies, turnips, bects
carrots are all very quiet as yet, there rs
ouf q m0derate inquiry. Lemons have been
there have been two sets Of prices IN
the market, EG7 50 and SSgs 80; the former
from 80 20 IS oranges smaller than the full
priced ones. PEANUTS -cOcoanuts and chest
nuts are all IN the market, but the demand is
noi active for any o. them
Provisions.
There Is 80 little bacon in the market that
orqers Tor tt have % be filled With bulk pork,
Of mess pork Is 10 be found in the city. Lard
- very quiet al dropping prices. A vast
amount Of hogs OF large size are looked for,
an low prices are expected 70 rule. Packers
looking 70 a foreign demand as their only
ihahes q ulsposlng OF the large crop Of hogs
mai VIII come 70 market this season.
Building Materials and Lumber.
In lime and other building materials. ip
sa-hes, doors, etcp We report prices unchanged