Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-11-03
ON 'Chuuge-Busiuc-. News.

The attendance on Change yesterday was
full. The New Orleans dispatches stated that
there was great activity in -four in that market,
and another advance took place. This created
an active feeling among merchants present, and
some 1000 barrels Of -four changed hands, the
prices were sitter without any ]quo:able advance.
The business done in wheat, corn and oats was
not large, owing to light Offering.
A sample ofcoal from Cave Hil Mine, be
tween Chattanooga aud Stevenson, on the NJ
and c. railroad, was exhibited. It appears to be
fully equal to the Pittsburg, and can be pur-
Chased to any amount at sixteen cents a busheL
at the mine good chance offers Tor enterpTis-
ing men to make money for themselves in tins
article, and at the same time to furnish coal at a
much cheaper rate than at present prevails in
Memphis.
Flour, and the anticipated scarcity, owing to
the blockade and the large consumption in New
Orleans and other points below, was the prinei-
pal subject of conversation. Spcculatons as TO
the result of the efforts of the delegation now
in Richmond upon this subject We're freely in
dulred in. The return Of the delegation only
can settle conflicting opinion. That a inst and
| liberal policy alone win prevail among the mem-
bers Of the central government is firmly eN-
nectea. Parties recently from Columbus say
there IS reason to look for q relaxation O. the
blockadp. so Jar az the a]rticleof corn is con
cerncd
Cotton receipts ioE the week were pa bales,
shipments 1856 baies-aD TO interior points. om
receipts 10 date are a trihe over 100000 bales
behind those Of last year.
The operation of the law Of sequestration Is
becoming in many ways a matter Of business
interest. The following from The New Orleans
Crescent touches this matter: As regards
northern holders Of real estate, or recipients Of
rentals, their cases may be considered as set
tied by the sequestration act. They have no
longer 70 say what their tenants shall pay. All
leasrz hold from residents in Northern States
are null and void by the simple operation of IN
rernational law, throwing aside the sequestra-
rion act of the Confederate Congress. lessee
Of property can now 60 forward to the receiver
Of the Confederate States and throw up his
lease and refuse to pay any more rent, turning
his premises or the property hired Or leased
over 10 the receiver. Tie law OF the Conted-
crate Congress does not compel a party to per
form a contract entered into with an alien enc
my in fact, it is not necessary to refer to the
act of the Confederate Congress in this respect
The simple act Of war settles the question.
All contracts, obligations, commercial, financial
and social, are brought to a close thereby con-
seuuently. our citizens who have been paying
rent to northern audlords-enemies-can now
annul their leases in fact, they were annulled
by the act Of Congress ON the DIST of May last
which act is, Of course, TO be considered the
law Of the land
The money article of the Crescent, Of Friday
states: There appears to be some falling of il
the demand for small notes, brought about, no
doubt, by the new issues of fves by the Citizens
aud cut in two. The Canal Bank has also
made d lew issue Of fyes, and receives all
halves at their value. and allows any holder OF
a h7e TO cut It into two pieces Therefore, any
holder of a i've DESTROYS Of making change can
csl the scissors ana cut it into halves. The
bank recognizes every half.