Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-11-23
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There was q good attendance at the Cbsmhe
but 2 dull feeling prevailed, which was increase,
by the New Ori-ens dispatches, by wbich 1t ~
pearrd that -four was duh there, bran declining
sugar better, comiu fair demand, ~ higher, sl'
m1lssses further improved TIE sales were:
HAeat-lOO bushels prime, SI9ei 20 bushel
prime, SIS $50 bushels fair, $3.50. Corn
IS5 bushels, sacks returned, sc. HoHy-E.
sales. Sat-IG sacks coarse, p. T. Potatoes
1870 bushels fair at SlTOi CD bushel, choice
$3.50, Ness Besf-sJ barrels, 81 Sugar
> hogshsads, 43c; y hogsheads, sc; Sc hogs
heads, &c 2 hogsheads, &c; . hogsheads, 4!c
Soda-26 boxes. 33cporr, Holasses-50 barrels
22E25cf % barrels, pc; % half barrels, 25c
Candlcs-lT boxes, 5Oc. BaggJHg-25 pieces
25c. Roye-2G coils, 25c.
Some days ago the Chamber appoiute,
W. b Miller, S. NJ Gates, and +. Lane, a com
mittee to request the banks to permit their one
three and five dollar notes to be cut in for III,
purpose Of making change. For various reason.
the banks could not consent to the proposel
arrangement. There were legal dificuides Il
the way, and thefslan of cutting would have
reduced, if not entirely eztirpated the ciIcula.
ton Of whole bills OF the denominations named
and the plates not being in the Contederacyr nc
new notes could be issued within a reasonable
tine TO take their place. After the reading Of
the dispatches. Nj. Miller read the following re-
port Of tho above named committee
TIE committee ask leave to report that they
found the bank officers, ali, anxious 10 sUb=crvC
! the public C0uyisuce, bIt 80 mHuy cogeut reasons
were advanced against ,ho feasibility and legal.
" Of the plan, that The committee reluctantly
gave it Up as a scheme Of least doubtful policy,
Whist consulting on the subject, however, they
arrived a. fact which the Chamber may deem
proper b. adopt az a substitute, VIZ: The Legs
lature has nov before L d bill 90 authorize the
issue OF small notes, by enc or move Of our large
banks, and ia anticipation Of tie Chamber
adopting that as d substitute they ask the privi-
/ iege Of submitting d resolution 70 the Chamber,
asking early action, and that the issue be con-
! fined 10 the Bank of Teaur,sel, that the bills
be Of only two denominations, say quarter and
half dollars. and that the halves Doe Of larger
size than the quarters.
MIR. Miller then offered and pat to The vote the
/ following resolution, which was adopted:
Resolrel, BY the Chamber of Commerce ofthe
city OiMemphis, Thstit is recommend 20 the Leg
i%slHlure now in session, the Importance 70 all
classes Of the community that the Bank o. Ten
nessee should issue, as early as practicable, bills
Of Fifty and twenty-five cents, the first an inch
shorter than ordinary bank bills, and the last
two inches shorter. That in order to simplify
she system no Other denominations be allowed
the Chamber feeling confident IN the belief that
no difficulty need be apprshended Of want Of
change smaller than d quarter OF a dollar.
The New Orleans papers Of Thursday report
The -four market extremely duh, the stock IS
accommodating and prices are declining. There
have been small sales of superfne at 80 and
extra at SloS0 per barrel Fine is now offered
q. s., superfue At - and extra at SI0.JO per
bauel, without finding a purchaser. Crab grass
hay sold al So per tun.
The Cr,scat says: The NOS; smp9rtan! sub
ject talked Of was the decline in flour. The
heavy receipts the past four and Ave days have
unsettled the market, and good -four has now
IeceIed to below SO per barrel. This price
Win undoubtedly draw large supplies to market
if the means of transportation are kept open.
The weather continues remarkably mild for
the season, altogether too mild for The sugar,
which. with molassssr is becoming very album
dsnt. The demand for mo,asses from Alaba-
ma exceeds anything heretofore known in the
trade. We oh=erve low qualities o. sugar sell
ing at from "a so p cents per p. Ia the extent
of tie crop expected 20 be so heavy as to induce
planters 10 forward 70 market al these low and
irregular pricesl There is some defcieu-
cy in the supply Of barrels, many planters hav-
ing been in the practice OF depending on the
Black Republicans Of Ohio and Indiana for their
supplies
3" There are many expressions In regard to the
very extraordinary boarding o. small change,
that is, dimes, quarters and hall doilays. Many
Of the present generation are hardly cognizant-
rot aware OF the exigancies ola state Of war
and some Of cur fnanciers %sg that the Coafed-
crate Congress should Prohi5t the passing out
Of the COME lers,y gold and silver. I. was an
unfortunate move to suspend the operations Of
the mint IN this city. Bullion, q. the prices
which hare been ruling tor months past, would
have sought on. uarE-! for sale and coinage.
Closing our mint is something like closing IN,
bungboIe md allowing the spgot full scope.
No Encouragement whs.sver is given 80 the
traders and those connected with the
Mexican mines to send their bullion
hither. It all goes to England. No
satisfactory cause has been assigned
for the closing Of our uint, unless it is the cost
of employees The Branch Yin. in Georgia is
located too far in the interior to De Of any ssT-
vice. The Branch miut in Charlotte, North
Carolina, never covered expenses. Il is sug
gestel that our Chamber Of Commerce should
take some action, and with our commercial com
mum.y, apply to Congress to repeal the act sus-
penUng operations Of the mint. Under the
suspension Of coin payments on the part Of our
banks, 1t Is believed chat coin and bullion would
Be brought from Mexico, even az present high
costs Of transportation, to he trausmuysd into
coin, which now commands $500 Pct more
han currency