Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-06-06

The dOur aGd wheat in store at st.
! Louis is stated at ver fOrty-six thousand
barrels Of -four ard seventy Thousand
bushels Of wheat. These amounts were
bought and held at high rates, and only
some unexpected d~isssteS TO the now
promising crop can Ave the holders from
| considerable loss. Throughout the en-
tire country the wheat fields present 8
magnificentprOspec ofchesp abundance,
and probably two or three weeks will
! dissipate the last doubt in the case.
Doubtless before that time the holders
Of flour will eagerly sell st much reduced
rates. We understand that the millers
have already ceased buying wheat, pre-
ferring TO wait the incoming harvest.
The San Francisco Bulletin SAYS that
"mueh interest is felt in the attempts
still making to cultivate cottono on a large
scale ia California, and it Is believed a
considerable breadth Of land win be
! planted to the staple this year. The sp-
probation in the price since the prostra-
ton Of southern industry, and the estab-
lishment of cotton mills in our state, have
created inducements of q strong charac-
ter. But there is great lack of precise
information on the subject. We were
shown to-day some samples Of green seed,
or upland cotton, grown in Sacramento
county last season, and representing a
shipment of six bales, or about one ton
in weight, which came down On last
nights boat. The staple is of fair quality,
and will compare well with the medium
grades of the same variety grown in the
southern states. The fibre is about FIVE
eighths OF an inch long, is of good color
and ~fneness, and remarkably strong
when twisted. We have been at some
pains to ascertain the particular locality
where this cotton was grown, but have
10 information further than that it was
in Sacramento county. In the absence
Of knowledge as to yield and cost of cul-
-fare, it isn0t possible to speak as to lis
profitableness as a crop, but the quality
Of the cotton is good beyond cavil. One
Of the great drawbacks attending the
culture Of new staple products in Cali
fornia is the eeRplete -reticeRoe Of par
ties who makeeBperiments.
Under the juggling law Of last winter
repeating the fishing bounties, which
had drawn some twelve to fourteen mil
lion dollars out Of the public treasury for
the New England capitalists who owned
and fitted out fishing vessels, il was pro-
vided, as a compensation for the loss OF
the bounties, that there should be allowed
JUesG u.nlHE GA0it = a o0OA VI VIC
duty on imported salt 1t seems This
amounts to q saving Of 25 cents on a
bushel. OF, as a NJ Massachusetts, paper says,
500. goo in all. What do western farm
ers. taxed on all they consume, say to
this Iargess from their hard earned taxes
of 500, 600 a year to the same yankee
cormorants who have been feeding from
the public crib for years past.
APPLES-Nery few on hand-de-
msnd good. Selling at SO to S12 per Dbl.
BRAN-There is only q moderate sup
plv. Held firm = $4Sto $50 per ton.
BUTTER-A large stock, with fair
demapd for choice. Selling ct % % soc.
Common Is dun and selling st Is to ESQ,
TO quality.
BEANS Are scarce with moderate
demand. Navy held at s. IS to 81 per
ecHEEsE4Neariy out OF market;
western reserve, II to l9e; English
dairy, 20 to PC.
C0FFEE-A fair stock and demand.
Rio, Is TO 274c; Laguayra, 80 30 SSc
Jaws, AZ to 43c.
CORN-Reeeipts very good, and prices
are weak. Selling on levee at 81 10 to
81 Is: from store at 81 IL to 81 Is.
~CORNMEAL-There is a good supply
and demand. Kilndried sells at IS
10 IS 80 on leyee. From store about 25c
Dar hbI higher. lIi lr mlf
EGGs-Smsn receipts and market
arm. Fresh hacked, n to &c.
FLOUR@rbere is but a light demand
the retail market, with prices