Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-01-26
On 'Change-Bu.ine.s New.


There was a good attendance on Change yes
ierlay, but the continued reports Of duh business and
h',ns prices at Sew Orleans were not stinuiatives to
business The steamboat people are signing over the
prospect Of diminished offerings Of frefghe. aud strong
wishes are expressed that The blockade NAV soon he
raised Those who are most intelligent appear 10 be- Iea.t
%songuinc Of foreign nations undertaking to perform that
business for us. They consider that the South must RELY
ON her own efforts alone take help if it s offered. but
not conide in anything but her own efforts The dis
patches from New Orleans stated that on FRIDAY the -four
m'rket continued dull, with a further decline in price.
Corn was 10 fair demand at unchanged rates. Bran was
In fair request but prices had declined Nothing was re-
ported in hay, oats, wheat or rye. Sugar wus extremely
dun at reduced rates. Molasses was also very dull and
prices lower. The sales on Change will be found IN our
commercial column.
The aggregate receipts by railroads and steamboats,
yesterday were as follows: u pieces bagging, AZ sacks
aud y barrels beans p kegs butter, % barrels beef 7
bales cotton % sacks corn, 1876 sacks cotton seed, Il head
cattle, 400 bushels coal, II cases dry goods, 4 boxes and
p barrels egg, Is4 barrels -four, as pack ,ges furniture.
$40 hides, "a tuns iron and steel, 6 kegs and 3 barrels lard,
81 bundles leather, go barrels lime, gs3 barrels molasses,
La kegs nails, "A boxes oranges, % barrels potatoes, 100
kegs powder, - t. rces rice, Is coils rope, 10 barrels and
no h~ogsheads sugar, lO7 sacks salt, 3G barrels and Is kegs
tar, 456 sacks wheat, Al baskets wine.
We publish this morning the msnite-t Of the Prince Of
wales, now on her way up from New Orleans.
The receipts Of cotton last week were % bales; ship
cents Isl bales, us Of which went to New Orleans. and
oJ 20 the Interior. Decrease Of receipts from last year,
SSf'O'5 bales; OF shipments. 29O,7l4 bales. Stock on
hand, BIOS bales.
The New Orleans papers report.
Oh thursday 800 -hosshoads Of sugar sold at about pre-
Npus iaies ior the lower grades, but at -. to 3l.c. forfir
= luHy Iatf, . 70 J4c. for yellow clarih d, &c. for white.
and TIC. for tovedried-marke mini and 1ricas rrag1Isr
emu uhseitleL Sales Of m0iasses 1910 barrels n IL TO I-c.
tt5lHILus anu 4 20 nc. Tor prime to choice, and $50
INi u.Ilel' 't Lc. Tor ierIneutns, aud 20 to dc. for prime
10 choice-demand moderate. sales Of corn $50 sa,Es
white and yoliow, in several lots. at s5c.. showing d H..
in oats Or bran
On Monday the monthly meeting Of tie Merchants.
Exhange wilb eldatl 2o clock at the close of'Chan-e.
Important matters win occupy the attention Of he meet
ing, among them, as we understand, the subject Of the
approaching cotton convention to BE- held in this CITY.
Delegates from all parts Of the cotton growing region
VIII be present, and it devOlves on the citizens and the
business men Of Memphis and the Merchants EXCHANGE
to see that proper steps are taken to treat the delegates
with becoming hospitality such as is worthy Of our city.
This convention viii be Of a more practical character
than many Similar meetings have been. It viii pro-
baby e%nieayor to come to an understanding az TO the
breadth Of cotton that shall be sown this spring; a. 10
the policy or impoHcy Of permitting cotton to be shipped
for running the blockade by such parties rs will give
satisfactory bonds that such cotton shall be landed in
Europe as TO schemes for tie relief Of planters by Iegis-
lation, and other subjects now occupying public attention
respecting which some decided plan o. action isextremelv
desirable. With all these questions the interests of the
entire Confederacy and Of the City of Memphis are CON
nected in an inportaut degree. The convention viii meet
not only as men Of business, but as patriots, and their
actions and recommendation viii doubtless exercise e
weighty influence on grave questions Of Southern policy.
The members Of the Merchants Exchange will see.
therefore, that there are serious reasoas why they should
not be absent firm the meeting tomorrow at noon. Let
them be present in force, and let them come prepared "a
take such action as shall sustain the credit Of the city ?.
social virtues, and be advantageous to the great patriot,
and commercial interests involved.
The Little Rock (Ark) True Dea5ers, has the follow
ing
From the many articles on the subject which have
come under our observation, we are satisfied the crop on
hand if not a large one, Is fully an average crop. A
this time, the middle OF january. the stock on band in
Europe does not exceed $4,000 bales only enough, ia
ordinary Times, 70 run the English mills for 1--WE or SIX
weeks should the blockade be raised even by the Fl s.
OF March, it will take till fall TO transport several mil
| lions Of bales Of cotton TO Europe. The demand fol
cotton at hut will cause the employment o Fmanv En-
ropeau vessels in the carrying trade, but cotton is a bulk
article and viii take a great many ship loads 10 carry of
an EtfNNAA up fE NAEHAA4Gr on FAAlnrf va non %
It viii be permitted 70 float on Yankee bottoms. and thsN
the Yankee marine viii not be permitted 10 carry south
ern products. By the time the present crop is received
IN Europe, admitting that the blockade VIII be raised Li
| spring, tne next crop wiz be coming into market. Tn
transatantc warehouses VIII be hlled. and cotton buy
ers VIII be able TO control the price. With two full crop
on band, the market viii be gIut-cd aud cotton would b
worth only three or four cents q pound But with ha.
Of the average crop next year, the prices would be 50
Luch greater a. 10 pay ue planters as much money an'
leave d wide margin for the cultivation OF corn, grain
other products.
It follows then, that under the most favorable eircum
stances, it will be folly on the part Of the planters to pm
in cotton, more than half the breadth Of land they cult
waited last year. II the blockade is not raised, it wiz b
questionable whether any should be planted It'll thi
duty Of planters to consult with each other on thi
subject and come 10 an understanding BY plaatinl
corn, grain, aud paying attention 90 raising stocS, thl
plantations can become independent except in the few
items Of shoes blankets. etc, and these can be obtaine,
by bdrtering the excess Of produce raised We suppO-
this matter viii be fully discussed ga the planters con
yention soon to be held AMI % recommendation made o
the course to be pursued
The New Orleans Crescent says: We note an nquir
IN one OF the Texas papers whether our banks recognize
half notes when cut outside of bank. We have 20 stat
in reply that oar banks pay all hat notes az their face
whether tie cutting is done at authorized By the tank
tor instance, me halves Of q 500 note viii be rcdeeme'
az $780, the halves Of a 500 note a. $50 the haly,so
a 5Onote az 80 and 50 on. So the recipients q th
notes or our banks in Texas, New Mexico, or any Othe
place can go on and cut away If it please them Tn
halves will be redeemed at their face on presentation.
The New Orleans Trae Data says:
The Legislature Of Louisiana Wilfuliy violates the Con
| sttuti0n If the Confederate States. II it passes any Law
obstructive Of the foreign commerce. Of the nation, and IL
members individually recklessly disregard their oHicia
obligations II they rauCtiOn IT, If the expectation Of cot
ton or any other commodity Of the ConfeJerate States D.
deemed detrimental to the public interests, or injurious q
the national cause, it is competent 70 Congress 20 pro
hibt u, and ~ the duty vi the people 10 respect les de
ciiol but no State Legislature. nor funetiouary. stat,
or Confederate, has any right 90 arroga;e TO himself suct
power, or 20 presume to interrupt trade suncti1ned by ths
laws and approved by the policy of our government