Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-05-30

The New York Herald, Of tho 1911, contains
some news, which IS condensed in its silua-
tion " article, given below;
THE SITUATION.

ucA sEktStcJ 6iF5h oosS"'
THE SITUATION.
Mr.. Stanton dispatched to Gen Dix, At q
Quarter before II O'Clock last night that no offi
cisl intelligence had been recsived up to that
tine either from Generals Grant. Butler, or SheT.
man. Tbs latest reports from Gen Grant weTe
that the roads were IN 6us order, that reinforce
meuts were arriving, aad that he designed to
move sgAinst the enemy without delay. Mr.
Stanton states further, that the Government de-
signs to keep up the national forces until the
rebellion is everthTown; and, in order to pro-
vide sgsiDst any inopportsDs reduction when
the services of the one hundred dsYs' men 20
out, drsft to fill up their places, and all other
reductions, win be ordered, to tske place on ME
list Of july BY which time the new enrollments
viii be completed.
| A forged proclamation, alleged to have come
from the Pfesident, calling for four hundred
thousand men, and appointing a day Of humil-
istion and prayer, Tss sent fr0m sonle quarter
70 all the papers OF this city yesterday morning,
With the visW, no doubt, of going TO Europe by
the steamer Of yesterday, IN order to countsTset
the intelligence Of Gen. Grants recent success
full operations, and sffjrd an opportunity for tue
rebel scheuers in England and France to gain
some advantage. Two Of the city papers which
published tie bogus proeiSmAtiOa we're sup
pressed last night by. .oldsr Of Gan. Dix, and q
Il
The BaldneTe Transcript hss aso beer sag
pended for publishing s dspaIch stating shat
the losses in the army Of toe Potomac wss SOW
| ensy thosssnd men, sUd pretending that The
same came from the ass Deiated press,
| Our correspondents With Gen. B1tier's fercs
give very peIfees acc sunt Ia cur cOunns 90
day Of the late attack and Tepnlse ct Gen. Beau
regards forces upon oar tr3sPs at Proctor S
eTeek Gen. Hsekman had q narrow escape
I L L.. IS
| loss WAS between 1000 and 4000. Our troops
were in gallant spin after The contest.
We have news from New Orleans 10 the llih
| inst Il WAS reported there that two OF our
! blocksding vessels had been captured by the
rebels of Sabine Pass. The army of General
Banks was 81 Alexandria on the 4lR inst Wig
orous effcrts were then making to clear the river
80 ss to admit the downward passage Of ths
gunbosts then above the falls. Ths army wss
in excellent spirits, il geod 6ghtiDg condil5n,
and had thirty days rations,
Dispatches from Caro- report the blockade Of
the Red, the White, aud the Arkansas rivers,
below Little RJek, completed.
AdFicss from Little Rock to the 10 h report
Gen. Price rstTeati1g towsrds Camden. Ths
rebels acknowledge loss Of two thousand men
in the late action with Gen. Steele on Sabine
EiEeg.
PROBABLE RENEWAL or HosTTLITIEs.
Everything that relates to the operations of
our sgmiss has the most favorable appearance
As he roads Wers rapidly improving at the last
accounts from Gen, Grant. it is probable that be
hss before this TecomueReed active hostilities
against Lse His necessary suspension OF ope
Fstious has had the most excellent effect upon
the condition of our army. The soldiers are
rested and ready, and when they move again it
viii be with the multiplied vigoF aud high
morale that give the greatest possible momen-
tum to sn army. Lees forces will not much
longer be an obstruction in their path.
We give to-day = fall and particular account
of the battle on James river, in which Gen Bot
Ter suffered some loss. This battle WAS simply s
desperate eortie of the rebel garrison 20 break
our lines. It was msde under cover Of 6 hssvy
fog, and was as nearly IS possible parable to
the battle of InkeTmsn. In that battle the Rus-
sieas attacked the Eoglish lines IN the same way
and foT the same purpose that the rebels attacked
Gen Smiths lines, snd were the sams way re-
pulsed after a hard fight. Gen. Smiths lines
were temporarily broken, bat a. the close Of the
fight they were drawn exactly the same IS they
bad been before.
We hsys had email reverse in Western Vir-
ginia and the defeat Of The trOopsundsr GsneFsi
Sigel. This oughs. nos to HAYS happened, aud
would not have happened II all The instructions
for the movement had been properly carried
out. Yet il is c msTs feather IL Che scale. Il
cannot in any way affect OF turn aside the great
operations thsi ere 10 accomplish Grants plans
As victory Gen. Sigel's movement would hGYe
contributed 10 the great result; but ss deiess
il must stand alone, and esn have no weight al
ali in tho liberalization OF the grand question
ihkt Gen. Grsat is, ws hope, 81 soon to settle
There is not word in ths Herald from Saef-
man.
= FINANCIAL
Monetary circles were considerably excited
for time yesterday over a bogus proclamation
which was represented as coming rom tho Pres-
ident, and geld advanced, under the belief that
it WAS genuine, 30 1S45; bat It was coon tseer-
tanned that It bad been published fer the pui
pose OF influencing the market, and tee pssmi
am declined to 624 Stocks were buoyRns in
tho morning, and continued strong Throughout
the day. Government securities were less firm,
and traction lower. There wss 10 change in
the money maskss.
Owing 10 the large rise in gold there was con-
sids!sble eIeitament in e0mmeyeisl circles ycs-
terday, and ell kinds Of MERCHANDISE were un-
settled and mostly nominsl. Bat higher prices
we're demanded for every thing, and The sales
were at advanced rates.
BUFFERS coMaAED RETIRED
A correspondent Of lie Rsraid, dated bad
quarters army corps, in the field, May l6sh,
writes
Gen. Batler's command has retired. behind its
enironehmsnts. Net By g superior force, and
holding their ground throughout the day BY
desperate 6ghtipg, both Smiths and Gi.more's
commands retired ss nightfsll from before TIE
euemy's position, and now are so strongly en-
srenehed as to be able safely to defy any force
the Tehels may bring against them.
AaotheE correspondent wIitos:
rra have IeN fha rosef k-f
shat has occurred IN this csmpsign, and ne we've
driven fIoE the pnsition We held last night.
REBEL PRISONERS.
About six hundred rebel prisoners we're cap
tured. Many Of tssm we're taken in The fog, |
before they were aware hat they were in tie |
midst Of oar troops
MISCELLANEOUS.
It isssid that Gen. Lse has been heavily rs.r-
forced from Norih Carolina and Georgia.
Gen Kaniz. with his cavalry, hes ieirsd Gen |
Butler. He was ont six days but bis force not
beirg strong enough 70 grsppls with the enez5y,
be did not sueesse July ia the work be proposed |
10 accomplish.
The iroa propeller ainnis, : pTiss stssnaer eff /
EhTe4 hundred 4ans, taken of Wilrirgsoa bv
he gunbess Connecticut, has arrived e B1ston
Hsr cargo eonsists Of two hundred bales 81 cot
ION, thirty barrels Of iurpentine, sal Z lot Of
,obseco.
Gen. Steele Is said to be sareuins 10 the be.
ief ihss he can hold the line Of tie Arkansas.
1us fsars are enteHtaiued that the enemy viii
.Tcss snd interrupt the generals comauDiesiion
IN the White river. Gen. Krbv Smith js man.
lciag Pine Bluff with strong force. Ths place,
iowevsr. is well fortified
The Fremont men have engaged tbs Maryland
Institute building in Baltimore, in which it was
expected thss the UOion National Convention
Fould have bean held. and have taken all ths
est rooms in the BalhmoFe hotels. The Ne.
onsl Convention viii probably be held in the
Font street theatre, with an opposition Fremont
onvention st the Maryland Iastitue u
The CORisderssss having been engaged in .