Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-11-22
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The chamber Ofthe Chamber Of Commerce was
! crowded at the hour of Change yesterday 0yt
the dispatches from New Orleans was of SO IL 70
: c5uraginr a character that business was urt
active. Conversation turned more upon lie sub
I iectof the military efforts required Of citizens at
the present crisis than upon matters Of business,
ana Inc desire appeared 10 be general that imme-
diate practical steps should be taken TO repel The
threatened invasion Of the foe 50 as TO save
Memphis. and with it tie lower Mississippi
country. TIE sales were; COrl-50 bushels
white at %. Rge-l50 bushels at $40; 90
bushels choice, sacks returned, at $40; 80
bushels, sacks included, SI.s5. Hhoai-295
bushels fair at S1.s5; 20 bushels prime at $3.50;
b bushels inferior, sacks returned at Sl6os
I2s bushels choice at 500. Wovr-G1 sacks
extra at $50; % barrels extra al SI0.jO. Poig-
tOes-sb barrels, per bushei, at $3.50; @c0 bushels
choice at SLSO 60 bushels at 81 G5. sugar
- hogsheads fair at &c , h0gsh6ads fair at 43c;
3 hogsheads prime at &c; 10 hcgsheads ceutri-
fugal at &c; "a barrels powdered at Zoe; -
hogsheads at 3IG4; o hogsheals 44 to &c.
HoLassss-47 barrels at pc; 30 barrels at % +;
20 barrels at 23a25c. S0da-20 boxes at a5c-
The Charleston railroad brought in 1879 barrels
and 5gi sacks -four, 3-g sacks bran, 5%s sacks
snd.lI7 barrels potatoes, 80 sacks wheat, lGl
terces rice. No receipts were reported by the
other roads. Among ,ha days shipments were
1913 sacks Of salt and 500 sacks ofcohee toNew
Orleans.
The New Orleans Buiieia OF Wednesday in
forms MS that the stock of cotton IN that city IS
1890 bales against 295, 1850 bales at the same
time last year; the total receipts are ls-9 bales
against lS9,35O last year. Sugar continued to
arrive literally with ID moderate demand, prices
ruling in favor OF buyers, market very dull.
The CrasoeH, says: Sugar of low qualities at
very low prices; in fact, they are discouraging,
l{a3c. per pound. Moiasses was coming in
still more literally mp 20 Monday, when rates
reclded DC. per gallon; smaller arrivals on
Tuesday somewhat rallied prices. The -four
market was extremely jpll 80 a material decline
IN prices, sales were made at $3.50 for superfue
and $1,000 lor extra corn was in limited de-
mand. The sale Of $1,000 sacks ofsaii on order of
the Governor Of Alabama so much reduced the
stock that holders are now more stringent in
their pretensions, the rates from second hands
being $1,000 1850 for coarse, and Sll0OG
1850 for fine, and GUyaG.50 for sacks Of two
bushels for packing salt. We also heard that
after the large sales on Monday, 5000 sacks
coarse changed hands at $1,000. The supplies
Of rice were limited and The price improved
small : aleS were made at6i to &C..
The Crescent. OF Wednesday, says There
has been a great luIi in the breajs,uaf market
for two days past. The large receipts have IN
settled the high prices ruling at the close Of last
week. Corn has declined. bat IS vet held at
starvation price. The farmers Of Tennessee
and lower Kentucky are reaPing immense ad-
v~antages. The regular dealers, that is, the com
mission merchants. say they are only making
their regular commissions nevertheless, -four
at $40 to Sl2 per barrel. pork at $40 to Si5.
and corn at 81 10 to 81 % per bushel, viii sOsn
enable q western factor to show an immense
balance to credit Of commission account, pro
vided he has enough business. High pricesare
of course, beneficial to both farmers and COM
mission merchants. We say nothing Of those
operators and dealers who have made from S25,
600 to 500, 600 in the course Of trade in west
em produce within tie last twelve months
One year ago beef was selling in our market at
from $40 to SI2 per barrel Yesterday it was
scarce at $50 per barrel"
We quote to-day in Memphis gold at . per
cent, and siiyer at 90 per cent premium. In
New Orleans he rates Of specie still tend up
ward; sales have been made at Il 70 % per
cent. for gold, and - to rs per cent for silver
The Crescent states Money is daily accUmu-
lating. The deposit lines of the banks on Satur-
day last was sl7,422,273, against Sl5,377,574
for tie same time last year, showing an increase
Of over 81, 300.9O0." The amount Of specie in
the banks on the l6lh, was SI3S3J.Gl5. against
SIO,sJ0O2 on tie same date last year.
Five citizens OF Charleston, S. C.. hsve cotu p
a memorial to the President aud Congress, Of
which the following abstract makes known the
object "The memoIialis,s are deeply impressed
with the Importance Of s6ording some addition
al inducements to the citizens and subjects ofal.
neutral powers, 70 risk the dangers Of tle block
ade; and they confidently believe that the en-
tire rem ssion Of The import duties on all car
goes TO be hereafter imported into the Contede-
rate States. during the existence Of the block
( ale, and for one month after il shall have beeen
raised, would have the desired effect of increas-
ing TO a very great extent the number Of arrivals
at our ports; and while it would only deprive
the government Of the very ncousiderable
amount Of duties that could reasonably be ex-
pected should the present state Of things contiu-
he, it would, on the other hand, certainly havea
powerful tendency 10 secure advantageous re-
suits"
Some member of The Mississippi legislature.
with more zeal than wisdom, last week offered
in that body a resolution TO prevent. by law, if
the blockade continues. TIE growing of another
cotton crop until the present crop is disposed Of
A bill has been introduced into the Georgia
Legislature providing that the State shall pur-
chase one-third or one-half of the cotton crop
Of each planter in tine State, whichever the latter
may desire, paying him IN State treasury notes,
at the rate Of from : to 10 cents, according 70
quality. This cotton the planters can in no
circumstances claim back. The cotton is to be
delivered and stored with a government agent
at places named in the act. The State Is uli-
mately to dispose Of TIE cotton and pocket the
profits. II this act passed, the Georgia State
cotton company would De an extensive concern.
and somebody would make money, whether the
state did or not
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