Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-11-15

We take the following from the commercial
article Of late New York paper;
The stock market is still very much depressed,
and prices in several instances were lower.
pbiiadIepbia Bank shares sold at -, about .
per cent below quotations for month past
( Jiirard Bank sold at 30l-alsO a decline. foi
/ Bank Of North America shares lO0 Is bid, ana
/ for Western Bank par. Mechanics BANK Is
also held at par. The announcement yester-
/ day that one Of the Oldest, and heretofore es-
/ teemed best Of the New York city banks mad
Tor the first time, passed its semi annual dlFl-
/ dsnd, seems to have had an untavorabie effect
on bank securities generally. The conclusion
| that ali bank stocks must be uupTOducuYe De-
cause one. from severe losses by southern
bankruptcy and contiscatiOn is compelled TO pass
a dividend, is as unwaTanted as unWlse. OIh
| banks have sustained some domestic losses
but very little at the South, and up 10 the
taking Of the United States treasury notes
maintained = maager discount hne' Dut the au-
vantages resulting from that subscription have
in some measure, reinStated them in business,
and probably all the old banks Will divide legal
| interest on the par of their shares Tuesday
next is their semi-annual period ior dYi-
3eudg
The railroads are generally in favor, nearly
II not ali of them, doing larger business than
almost eyel before. This IS especially true oi
all lines connecting the great cities Wlth etheI
of The centers of our army, or that ran lnio me
| breadstuf or produce regions
The canals have all sustained more or less loss.
! The Iehigh has lost in its tunnage about 49,
/ coo uns, and the company being producer OF
e,sl has come in for further loss in the price OF
/ coss. Is large contingent fund, and It's
! known galu5ble property, however, sustain the
priea Of f. SaclIriiie. The Schuykil canal
/ aaa Iosf IN its suunGge about 10000 mns, and
/ nat enjoying the real property and resources OF
! the LehigR. zu6-rs gresJer depreSsQE ~ liy
price Of It's secrFaf- lA- Morris canal AMI
/ Delaware Division have also Go-H fai,en od
largely in their business, bat toEtanaIaly aH thus
I far, in the season, have escaped any serious
/ damage by freshet or otherwise.
! PaSseugerrailway securities have fallen largely
( E,s,r sh4 6frh figures al which they We're held a
wear ags Lut sre probably cheaper at present
I r-faps fhau 5hzy Werg when more IN tay0r from
I Iha arger business f47a Gcne
/ -tafe and city loans FIs fifactlEe-hardly
enough doing ia them 10 test tho canaceEca IN
I rhe.r credit. Prices are steady ana H0l likely
I 20 change much until something occurs % give
ft -Ee new government loan.
Mcleg u -5Ugdaur, on good security, ar 81
per cent the sti1ct 1ing il difficult 10 advance
rates where the GaHEs cCfA,n..e ~ discount al
the legitimate business pa"f. HGq-. fGscrediJ-
ed paper rules at from 10 o per cent . i.,o,.-.
The traffic in bIesdstu5s continues enormous
Iv large. though the trade, and especially the
Ms..e- Is the West experience difficulty iu the
taet alfczqy 4syeag that even before the close
of canal nayF8iOL. s.a aG'a available means
OF trsuspor alton Gre To4uQ ta b. .sdeauate 20
the heavy supplies n0w pressing to tide water
and q market And but Cr The suspension O.
cotton trade at tho South, ike difficulty would
bs encountered by exporters 90 Europe A. 1t Is,
freights are firm and ou tue advance and ship.
owners and freight brokers are abundautly Ep-
i;ayed of the burden Of the war so Tar as II has
sFresteI Zee customary demand tor uln8ge at
tie sCUab
The subscriptions g.p4i=y y. 'he office Of
jay Cooke, 20 jhe United States Irea-,lIy notes,
was s3l 900 from tWenly-seVeu u5sCgibers
With the Grsl news @. the hoped for victory 20
our forces before Washington. va shall look for
greatly increased demand for those NOTES, and
probably 1t premium