Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-06-20
MARKETS.

GENERAL MARKETS.
There were no arrivals at the river and
general dullness prevailed everywhere
/ Corn experienced a relief in consequence
of The last lot of the three stranded nat
boats having been absorbed; sales o.
white were made at from 66(96Sc. Dat,
and Bran were inactive. Hay showed
no new feature. OOTHaaedi was un-
changed, So IS on the landing. F2Ou7
is heavy and irregular. Butter is drOOp-
ing and the best We find can be had II
lots at pc. Eggs are almost anything
they can be sold at; We heard OF sales
from lie TO lie, the lower rate the most
prevalent. Chickens were quiet ana I'M
| changed. Potatoes were in moderate
offering at s. in bulk for shippingj. 3
heavy arrival would lower the rate; In
bbls 50 7594 Oranges and Lemons
are rising in price. Bacon shows no
change and werepeat quotations. sugar
Is higher for the refined descriptions but
the market has not settled n { any reg
ular rate and all quotations are nominal.
The New York Chronicle Of the 10Th re-
ports Coffee: "Business on the general
market has at times shown rathera slow
tone, but this was owing more TO the
paucity of desirable supplies and the
extreme ideas of holders than from any
lack of demand. Indeed buyers have
been in good attendance throughOut,an
the volume of sales reported fOOts up
very large, with a possibility that even
then the entire movement is not shown,
as there has been a considerable amount
Of quiet negotiation, and some purchases
on speculation limited at. Taken alto
gether, the market has been about as
strong and buOyant as the mostsanguIHe
operator for a rise could reasonably eX-
pect and everything still appears favor
able for the selling interest. Brazils
show an unusually heavy reduction of
stock, and a further advance in price,
with a strong tone at the higher figures
reached, as the remaining supplies are
well under control and thought to be
even smaller than current statistics
show, as it is pretty certain that goods
have been taken for investment and are
still held in stock. The call from the
interior, while not exactly as sharp as
expected by many, has heen active
enough to send jobbers into the market
with freedom, in order to obtain an as
sOrtment for store distribution, and with
their predictions thus verified to a great
extent importers are greatly encouraged,
while the recent advices from Rio ia
metro are construed as quite favor able,
so far as the early future is concerned at
least. West India grades have sold
well and at advancing rates, generally
with much firmness and confidence still
displayed, few really desirable parcels
in irst hands now available except at
extreme figures, in fact in ONE cases
are willing 10 sell on slightly
better terms than importers. East India
stock has not been active, but still
moved fairly in small lots and full
were as a rule obtained
The Tobacco Leaf Tax.
The New York Chronicle says: 1.-THE
Of the new tax and tariff bill APP
to retail dealers in leaf tobacco,
to be, and is considered by those
to whom it applies, one Of the most IN
lust and discriminating provisions ever
made. We quote as follows from the
text Of the law: "tRetail dealers in leaf
shall each pay five hundred dol
.ars, and if their annual sales exceed one
thousand dollars, shall each pay, in adj
iitiOn thereto, fifty cents for every dol
ar in excess Of one thousand dollars of
heir sales. Every person shall be re-
yarded as q retail dealer in leaf tobacco
business it is to sell leaf tobacco
n quantities less than an original hogs
head, case, OF bale; or whORshau sell di-
-ectly to consumers, or to persons other
han dealers in leaf tobacco, who have
paid q special tax as such; or TO manu-
of tobacco, snuff, Ofcigars, who
nave paid a special tax; or TO persons
who purchase in original packages for
export. Retail dealers in leaf tobacco
,han also keep 8 book, and enter therein
Tally their purchases and sales, in a form
md manner to be prescribed by the
Commissioner Of Internal Revenue,
which book shall be open at all times for
heoainspection OF any reveBue..officer -
This seems to us both unwise and unjust.
To require the payment to the govern
of one-half the net receipts from
,ales is to prohibit all retail transactions
leaf tobacco as effectuaily as if such
transactions were made penal offences.
the effect will be to cOnfine the trade in
eaf to large dealers, andto exclude from
he cigar manufacturing business all
persons who cannot afford to purchase
by the hogshead or bale. This
viii apply to thousands of industrious
who make an honest living by
he manufacture of the cigars they sell,
md who cannot afford to carry so large
stock as would be accumulated, we're
hey compelled to purchase al the
grades and qualities of tobacco
for the binders, filters and wrap
,ers Of the various classes of good, me-
lium and cheap cigars. All such per-
Ons will now be compelled TO give up
heir business, and go into the employ Of
he larger manufacturers who have thus
ecured a monopoly Of the business. A
Tery extensive jobbing trade in tobacco
will also be destroyed. The purpose of
his provision Of the law is, Of course, TO
the collection of the tax by
diminishing the number of cigar man
acturers.'"
Quotations for feed are for round tots
m The landing unless otherwise expressed.
BAcoN-Priees stronger; breakfast ba-
Sk9l0c elearsides, those; clear rib,
'AG74c; shoulders SIC. Plain hams 90
&c. S~ugsr-cered hams without canvas,
1@lltc; canvased, 12@124c for choice
brands. Mess pork, SIS 25@13 50; some
fat S13 50.
BRGN-Quiet, sales of 100 sacks from
tore at SIS 90; on landing, nominally
% 50.
BEANs-Navy indemand at 1903 50;
carce
BUILDERS MISUNDERSTANDING
ement, pei barrel, 81 2593 25; plaster
Paris, 81 25; Rosendale, So 1908 70;
lair, 566c per pound; friedrich,
s 50 per 100; common brick, SS
,er 1000, delivered.
BAILING STUFFs-Hemp and fax, q
,ound, 17lc; 24-pound, 1Sc; iron ties,
c; bailing twne, l7c.
BEEswAx-2SG30c per pound.
BUFTER-Coming in too freely; no
hoice received, for good 1S(922c; the
after price for nice yellow butter.
CHIcKENs-Young, active at s. 5O94;
Id heavy at S4@4 Is.
CoRN-Sale of go sacks OF white, in
urlaps, 66e; a car load Of white in new
at 664c; a car load OF white Use;
ates unsettled.
COFFEE-Firm at the following quot
.tiOns: Rio, &926c; Java, 2S9SOc;
Iaguayra, 24G25c.
C~orToNsEED, ETC.-Atmills equote:
JOttonseed in demand at So per tom
eottonseed oil, 45e per gal.
CHEEsE-New York factory, l59l6c;
dairy, 1Sc.
CORNNEAL-Sales Of 100 bbls on land
ng at So IS, 10 barrel lots from store
It $40.
EGGs-Stocks plentiful, prices irregu-
ar at 12914c.
FIsH-White fish, S. 5O96 p half Dbl
Iits, 81 Is; smoked herring, 35G4Oc q
,ox; new maekerel p bbl-No. 1, S14;
lalf bbl,S7 50@s; kits, 81 5O9I so; No.
! large bbls, S10910 so; half bbls, SOL
so; kits, 81 I0@1 20.
FLoUR-Super, S. 5000 25; x, SO 80
az; Xxx, 81 1907 IS; xxx, 81 50@l
so; choice family, So 508l0 90; fancy
,rands, $40 SOIL so. Rates irregular
nd dropping, especially for the lower
GRocEKIEs-sOda, zc for keg, and Sc