Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1857-12-03
Mlonetarp AND flnantial.
EEEgaIs pIILT 1FPElL 0ggIoE.


NEW ORLEArs.-From the Cre1cenf, Nov. 81. Ex-
chang to-day bad . dropping feeling. Tie banks were
enae-vOrug 70 oatsia \ cfnt dsc u1t fT checks on
New YORK. Trey boHght 81 iA9iN discount. Outshs
there we're salcs a. the same hsuIes. with soma transzc-
ttsns 81 fifteen days sight al 2HG3 3 cent discount.
There va nothing done IN time b Is. Sterling was not
.argely operated Ia. because there vas none on ring We
quote clear A I bills a. lO49i05. Bills o. lAdiug from
looSl0s. Francs were purchased q 8 90 the exfrfne
10 suit al buyers, the market, al rcuad, cosicE in favor
Of buyers Il viii BE- a. up hill U0rk y get exchange up
ior he present. As Ne ms-hed, u WILDE one pnce 20
A. aud another 10 morrow The aocountso roushist the
ldRdertlf. and which foTmcd the chief tcpie z renAfk
yesterday, have amountedt 70 Just nsihiuE At AZ. Il .
pretty conclusive tbata great many dispatehes are mAas
up for Sn-ct. Ap3aieDtly DO intenigenre from Europe
FOR a long time prsseaftd % varied aud doouy sspeeis as
that published yesterday morning As ~ rds the que
ard. they may hgreaftcrS IS We have Tor long time
deemed them, Be as lzsts - m1ea nonsense- Peeps so
c Az and frighfened IN Englznc he same as they did on
the - b. fE-h and 18Th u Oct0ber Ia tkis city. They
tax 20 unca about oSnsgsl S9S, The neEh Of the panic
% this she toroed then dosn jast sbout an eighth tc .
quarter. TIE capture q Dahl lent N up one cent.
We shou d ike u Know Of What osneht IL Is 20 be taking
tue Prefo OF con os a a thermomeier OF s.ahaeia o. =
valne o. m5ney on this side or the prize o. cotton. ~
have received The very wsrst ress reEardins cotton that
re shtl receive for q uae al least 10 sn.as musa
smusemfnt 10 y ttDess The ar=uincnts pro and cn- IT
our c,Hon iuterests can receive As mrch ben Nc frum the
next scrJults from Eurore a. fheyd d BY ne tanaefoiIt
advises, ne need rot care the Talueof . puitcn Nnet me
Sank Of England msy DO.
PHILADELPHIA -Fam the Pre5s % New. IS; A
month ago, IN commenting UPON = oommunieauon 70 the
New York Herald. We tOok ocra-ion to aludei IN 1t.egs
terms o. oocd. mutation. O. the practice q drawing oil :
OF exchaug- on EnEland az sixty day sight We regard
this prsctcs a. oneof me most fruitful ronrcfso o. ,pm-
mercial distress, and We shall sonfiuue . decry q Ehen-
ever oppoftunity serves Thare D. NJ eood ressau, IN this
age Of stesm cor mulioau n, Why aeheck on LONDON or
UveTpos b ud not b. ORA N al sight or Al one or ihree
day. time, am more thaa drafts o. New Orleans. Or
New FORA, or any city IN TIE United states
III same paper Of The 2sih says; We fear that con
siderable time Vi leiapse before the result ofthei7 ERASED
pa. er 's'ue in Ensiand Silbe Known. ihough We have
n0I the Sigh est d0abt hat, II our own banking system
Is a ouceI reformed, With a view % the reaustl0n Of ne
circulation, aud he total exc usilu OF small bills, We
. all BE- gsiner- 70 a. Incredible degroe By this Hnsound
noveme-t % obtain temporary relief W Elglsn1. GJd
vii ~ uh@revrr IL Is mott vaiusb : ana Irsf a. W drove
It out Of circulation IN Amshoa, By ovsr Issues - paDer,
o. viii II b. driven fr IN Engisnd. Asst basis o. healthy
trade, ana the justhezti,n for enterprise and enlarged
rh0--s; and the sures5 way 20 co this Is q abolish paper
money, except perhaps, IN large notss TOR convenient re-
nIitsnee.
NEW ToRx-Fren tbe Eesus. Nov. Is: The news
frcm LONDON by he FasdeTbff l. important. The Ems
itsh GJverum 1t has gwen authJrity u the Bank 4 Bag
land 20 inereAse its dise1Dats. without regard % the llmi-
market. The expansion OF losns aud d.eouhts viii rene
dy thr mischief. which had reached its hight By the dis
oountbrokers and banks. except the Bank OF England.
stnppLng disoounting The pumerous ailures reported
% 1T iDclude any large banking houses having esisb-
ltsf meats in THIS riEy. Nov that the worst has been
reached. an exc tusion Il discJuats tg-eed Or, a feeling
q csnnience h more lively 10 r-furn hsre. The bank o.
sngiaad keeps 10 It's rate OF 10 ? cent, and the Bank Of
France b : raised its rate 20 the sane. COnsols were
strady. The cotton market Al LiTespCol shows a Tsulc
fe-iipg, and . decline Of 81 had fakea place, recovering
how-ver I'd The news Is fsvorabiy received IN wall
street but much anxiety Is felt to set the newspapers BY
the FdRderbHt. The eoftnn dealers take courage from
the fact that q reection ia prizes IN LfVerpSd had &C.
Cured II the last momenl. The colon Interest is 80 far
strong here, a. no reciau ations can be dreaded from fhs
other side. the stock In Liverpool beiuE owned there hsd
not here. The feeling Is strong thatthe AmeTican hOuses
in London are now safe, being rendered able 20 get assist
aHce from the Bank OF England A great crash has been
prevented By the giving power 10 the Bank 10 extend It's
issues on securities
Tbs money market here Is easy on es1and short time,
az sal , cent The discount market BE- stht dull. Spot
f0ud-S Tleston's paper sold u day a. 10 cent. The
rsnEe is79s4iO = cent. for nrst Gass paper iDdoTsas
and IoGlz for single names.