Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-01-17
81 ,Caanrt-Ruslne-. News.


There was a good average attendance on
Change yesterday. and a great desire 20 do business, bur
the existing depression at New Orleans. caused in a great
degree from approximations Of tA probably injurious e.
feet Of measure that will i~gjghously affect the currency
if aloPted-as they seem likely to be-tand in the way
OF activity. Tac usual DISPATCHES from New Orleans did
not arrive, owing 10 the E.es not being in working order
The aggregate receipts by railroads and steamboats,
yesterday were a. follows 20 sacks and : barrels beans,
7067 sacks corn, head cattle, 800 bushels coal, q eases
dry goods. Al sacks dried fruit, IS sacks aud Ig3 barrels
-four, 90 bales lay, $50 head hogs Il tans iron and steel
48l sacks bran % barrels lard, 743 barrels m o'asscs, -
barris pors, lsl iaeks and le barrels potatoes, ID barrels
and So h~os,h-ads sugar 80 sacks salt IG3 boxes tobacco
ll25 sacks wheat,
The New Orleans papers OF Wednesday report more
inquiry for cotton for future delivery, with sales of about
200 bales No further sales Of t1bace quotations nom
nal stock or hand 1871 hogsheads. la sugar the de-
'lnanl CONTINUES good for faily fair prime and choice,
which are scarrr, but the other descriptions arr in liberal
supply and very dull The sales embrace about 1900
h~ossheads nt 3 to 3s for fair 70 fully lair and 34 20 4@
cents per pound for prime 90 choice. In mo.asses Che de-
mand is far ald the ssles embrace about 1000 barrels ct
DO % u and lisa for fermentiug and 1919 10 20 aud Il
cents for Print TO choice. soGe small lots of halEbar-
res sold al - o - cents for prime to choice Ia flour
Juu barrels sold at Sl0-5 fer superdne and 81 per barrel
for extra. In corn 500 sscks white aud yellow sold in
lots ST "a to 81 scents per bushcL The -four market has
continued inactive, tie business beng confined 60 retail
transactions az $40 TO Sld25 for snperine and Sli o.
Tor extra. including 800 barrels yesterday mostly ut
Sl0&3 for supeaine ana 81 for extra I5erc 3 no dc
Inu1d except ir city consumption. which may Bee set
down AZ 800 blrrels per wees. Received since The 10Th
inst. 423 barrels and 1898 sacks. Small sales of R5o
coffee 1T 90 20 o. cents. No further sales Of whsat, which
was eiinglsstNtek al $50 10 - The only sales 81 rye
reported duriug She past three days are % sacks yester
day at SL4l The sales Of oats include 200 sac-s ALissis-
sppi on Monday az q. In bran We notice sales Of 81
sacks on saturday, lt1 on Monday. and $50, ina several
lots yesterday, 81 at SLS9 per 100 pounds Nothing has
been reported IN nay II rules ~ e@2to So iof south,
eul The receipt OF oats comprise $50 sacks Small
sales Of rec az - % 8 cents Ia salt about 5V0 sacks
Liverpool coarse sold in several lots on Friday and
SATURDAY. az 500 TO $50. Holders are row asking
S1.75. having advanced their pretenious in consequence
of The relaced stock. Dealers supply their customers at
$3.50 for Liverpool coarse, s. for tine, 81 for screened
and s. for packiug kinds Burke & Brothers statement
made the stock on the let lust 3Ol60 sacks Lie pool
and screened against $4,000 last year, aud g ,J96 bush
els b1k asninst 400 90 last year The total is equal 20
52G9a SACKS Liverpool, against 5o.ll last month.
The New Orleans Bntr.fr, Of Wednesday, says the
rate. of specie lave undergone no change vhatrversiuce
be close OF our last summary, but the mar-et sdll in-
oiues In favor of buyer. Offerings Of both god aud sill
yer coin show g steady increase, while the demand for all
descriptions exhibits a corresponding abatement.
The New Or.emls CTasrett reliafHs me sales OF cotton
ON plants lions. for future delivery, is % b. attended with
some trouble In our humble opinion the safes bad bet
Ger be ufoiaeH q posi- Le- from s9Mie neileutHi itie-
we iufrr thaf some difficulty is bound TO arise from this
Legitimate celrse OF masking saleA THESE sales though
made n rrgd7i to The relations between planter and FAC
tor, are subject to other contingencies which may be
created foaI this novel mode Of selling produce GA plan
tstions at cert5u stipulated prices, subject 90 u decrsi u
on the delivery of the cotton OF produce on call The
programme locks wen, very wei on paper This mode
Of selling for hiture delivery gives free scope 10 litigation
aud arbitrameat.
finance II ths Louisiana Legislature have submitted .
bin entitled An act to raise money for the state Treas
urv.r When Louisiana seeded sha bad nearly two NIL
lions in hes ssury she now wants nfe miLoAs 70 pay
the State conuibuuoa ordered by the Confederate states
and other purposes, and addins - miA;ou Tor unforeseen
conturcncts asks for six millions. The bill proposes 70
authorizes thU Governor TO borrow from time 10 time A
sum net cxeesdiug six millions OF dollars either 10y the
issue of bonds or treasury noies OF both; TIE bill pro
vides tha. ;he bonds shall net be sold below par.
Tvbs Zee saws. We trust that 81 this bill passes, the gov
er1nrut VIII rndea,o or 90 confue Itself as much Is pos
with a pcrnid0as plethora Oi paper money. The act for
the relief OF the cotton planters has pussed the House Of
Representatives, despite the uaanimoUs rcprObaton of
tho enlightened press OF New Orleans, and should Tie
senate fal 10 intrrp1se an fnsarm0uBtable obstacle 20
the rash legislation of the House, ten millions of treasury
notes VIII be added TO orr already expanded circulation
creating 3 fictitious wealth, stimulating the spirit Of spec
ulaion TO a dangerous excess and proving uuitui ~ an
the evils which Inevitably attend violation OF the fulda-
mental tenets Of political economy.
This six mi lions is in addition to the ten millions pro
posed 10 be issued for the relief Of the cotton planters of
the state. The New Orleans A5ei1e makes some very
pertinent remarks on this subject. The six million bills
are to be received in payment Of tax s. It asks II they
are largely paid In. how VIII the State pay the interest
on its obligations snd observes that it may be necessary
10 issue the bills anew during the war. II il is clearly
demonstrated to the Legislature that the necessities Of
the State require six millions to be borrowed, it is evident
a. day that II is In no condition 10 lend ten1mlions TO
the cotton p anters. It is stated thalr the cotton loan is
secured by cotton. and that tie security is good lis
goo5-vhirh is not questioned - why not permit the
planters to borrow what they want on that security
What is good security ir The State is good security for