Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-03-22

OH 'Gaauge-EsuEiaess Feys,
There was a little better attendance on
bhange yesterday but the amount Of business dom
was not large. The New Orleans dispatches stated the
-four market continues quiet, holders still asking abovs
the views Of buyers Corn was in demand. Oats steady.
Wheat quiet. Sugar dun and prices altogether nominal
Only small sales OF molassss and at reduced prices
The aggregate receipts by railroads and steamboats,
yesterday were: cask and o isrces bacon. 900 sacks
corr, ? head cattle, Is sacks and 20 barrels Sour. 90 bales
sunnias, 10 barrels lard, l9l bundles leather, Il sacks
and IA barrels potatoes 20 boxes soap. I'D sacks wheat
Tho New Orleans Crescent Of Thursday reports little
or no inquiry for cotton and no sale.
In sugar tie market liz extremely dull aud prices are
too irregular and unsettled for quotations The sale.
were confined to about 300 hhds Some Of Yesterdays
sales were at III % Ia for good common, ? 70 24 for
20 choice.
In moasses the market is very dull and prices are de-
Ginning. The sales are confined to about 200 bbls. at II
TO ~ per gallon Tor termendDg.
sales Of $50 sacks white corn at Sis, and15 at 81 so
Sales Of $50 sacks oats at 5L.40.
The New Orleans Crescent Of THURSDAY says:
val II the there was such a thing as a paper market today, it
and good securities can Do placed at ratesless than > per
cent per annum.
Tie banks are confuing their tran actions to the re-
-newal Of maturing obligations, and az commercial paper
in amount, As well a. quantity, has dWindled down TO an
6AAHf cum N~ "a 81 So EAN5 "AAtA AAT Arl4 mas
been in partinvested in the five million loan Of the State.
The question Of a general retiring Of the circulation of
our banks is yet unsettled Our bank presidents could
not come to any mutual agreement The demand for
small change still continues, though the vacuum il being
gradually filled "a with the issues Of the State treasury
toe bank OF LOUISIANA, and state Bank The cutting or
dividing Of notes still continues We conceive it to be
our duty TO call attention 70 the fact that the cutting Of
the State-treasury notes will cause considerable trouble
on settlement These issues cannot be settled in the
same way as bank notes, that is, when. presented for
uIudiug IN half notes. Therefore, we say, DO not divide
ffa -an-rH .F-g. d. Gee. ia. LII Z
Snd silver coin appear to be voluntarily diminished
Some few sales take place daily, but not in sufficient
sums to command a notice.
Asexpected and predicted in our last, -four advanced
yesterday to 50 per barrel Has the time not arrived
for our authorities to interveuef The committee Of safe
" might Dc authorized by General Lowell to take pos
session of the -four in market, and account to the own
ers thereof at a reasonable price for the same. 1t is sup
posed that SI5 or so per tnrrrI might be considered a
tlir price. Flour on the 18th, Monday last, was selling
in Memphis at Sl4 to SIS per barrel 0f course. as soon
as the advance here ia acted on, there may b. a cores
pondinE advance there, which market, by the-bye, is the
my one ION whence we may expect IuPPies hitner
Irue, we have been led to expect W. should receive sup
plies from Red rivers but expectations in this respect
nave notmns 10 sustain them. We learn that the com
nrtee OF safety secured several hundred casks Of rice,
winch Will be sold out at cost to cOnsumers They must
90 farther, and secure all the hour in market.
The New Orleans Crescent has the following Liver
pool cotton report, dated February !, 1862. from Samuel
smith cotton circular:
The prospects Of the cotton market have assumed Of
late more consistency than they have had for some
months past. The di 8strous conflict in America drsgs
N ITS weary course with little chance of speedy settle
nent, and the expectation Of European Intervention has
died away for the present The general impression now
seems 20 be that France and England viii stand aloof
for some months, trusting that before summer opens, the
way VIII be prepared for negotiation between the North
ana South. The opinion has largely extended Of late
that European Interference, without Just caus Sc, would
only widen the breach, and render any settlement that
might be forced on the people Of the North hollow and
precarous. AT tie same time the conviction is becoming
more deeply rooted that the reconstruction Of the Union
is Impracticable, and that the prosecution Of this war will
only involve the country, North aud South, in great
financial embarrassment and leave behind a burden Of
debt mat VIII hang ike a milestone round the neck of
the next generation.
In this country the cotton crisis has produced hitherto
much less industrial arrangement than was expected
comparatively little distress has occurred among the
1reralves, and recent returns show less paupersn in /
Lancashire than in January, ls5S-iust after the CONNER
ciA crisis OF the previous year. The mill owners are
very generally providing for the subsistence Of their !
1T. or allowing them half wages though the mile are
closed Still 10 IL plain that we are entering OF q much j
-eyerer o7lea. each month now must witness a further
contraction or consumption ana the maas OF desututon
VIII soon outruu the capacity of private relief The 4
total stock Of American cotton now visible in England. 4
the Continent and the Northern Staies, is only about
100000 bales, TO supply q consumption which cannot be ]
less 81 present than $4,000 bales per week-just three 1
mouths supply; and it is hardly possible that even a /
scale Of prices based upon l6d for middling American. /
could stretch this supply beyond four or five monthA Il
is not therefore, TO be wondered at that the commercial
community look forward with extreme Impotence to the
opening Of southern ports
surat cotton siu comes forward In moderate quantities
from bombay, where the market is 10 a state Of collapse !
under the news of the Trent dispute. Only 10000 bales
ara q; sen, and the arrivals in the first half Of this year
cannot much exceed the last After that date the import
may be considerably larger if the American question re
mains unsettled The meager accounts which reach as
from the Southern States represent the picking season TO
have been uucommOnly fine, and a good crop 20 have
been gathered Estimates v6ry from three 70 four mil
lions. Much OF the cotton Is said 70 De still unginned and
suffering damage from defective storage. It Is not
thought that more than half a crop VIII be planted this
year The export Of cotton to America last month was
Import Of Cotton Into Liverpool 20 3Ist January
East India Brazil, Egptn, etc. Total
Isl gs f5S 55,SSS S @3959 $500
Decrease Of import this year------......---263,000
Export Of Cotton from Liverpool ard Oupors 10 ne 3Ist
JGnEGry.
American. East India. Brazil, Egptn, etc Total
ls6l-- 600 500 go 1000
Increase Of export this year.----.------.25OOO
SOCK Of Couou 20 Ltrap00l 3's Jaauar.
American East India Brazil, Espfu, etc. Total
is2- I 155C9 81 6gg 55gq9g59 Sts'G99
Decrease of stock this year.-.....lI2Oj0
Ddi0e0ss for CaHsnaptioH from Licspool 20 3Ist Of
American. East India Brazil Egpt'n, etc. Total
1860 H1r.05cS05 1900 55SS $500 $500
Decrease of delivery this -.lOO,0o
A1aase Weedy DeliogyJo Consumption from Liverpool
90 3lSs January.
East India. Brazil, Egptn, etc. Total
5000 Zoo ZOO F.0SS
Decrease OF weekly delivery this ear--..-..l7,OO
Estimated Real Consumption Of Grsa, Britain % tjs
Date
American East India Brazil, Egptn, etc. Total
4 1s9I i i50gC 1920 4o09 y9009