Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-10-31

New York circular says 4 the advantages
pcszszsed ny that city As a cotton market:
Ne spoke last week OF me advantages or
New York as a lotion market and Of the pre-
fsreucs given 70 steam nei.hts. This prefer
ence has been shown this week by the fact that
an the steamers have been engaged full up 10
DIenfv OF uneugaged room, by sal, Al 4-L2c.
1900 enrsreme1ts would have been made
Tu-fber ahead If the steamer agents would have
named q rate. Several large lots have gone on
board ships 70 sail the end Of the week at SIC,
In preference % waiting til week after next for
steamers II there had been room, these lots
would also have gone BY steam. As many more
steamers as we nave now could De well EN-
moved in carrying Cotton ana we have no
dou1t that the present and prospective high
f-efghts VIII draw more vessels here. Tho
amount OF business that New York will do in
the way Of nlIing orders is sure 70 increase, on
account Of the greater satlsf1ctlon thai New
York cotton mas gwen abroad Inc banking
f.ciiues az the South have been 50 much re-
duced Eince the war. that they are totally in
adequate TO move the cotton crop, There seems
70 be no money and very nIle credit there.
Formerly very little Of the cotton was moved
bv sig Il drafts, a large proportion being drawn
Al thirty aud sixty days Then merchants
aers in good standing c0nld handle thousands
wftb very little trouble or cash. NV
thirty and sixty days bills are seldom heard Of,
and al tImss, sight drafts and even certificates
% deposit in our banks are sold at a discount
We have heard this week from several Interior
foUns that even these would not buy cotton,
and It was Decessary 70 send iegai tenders By
express. This must tend 70 hinder the rapid
Forwarding OF the crop 70 market, Before The
war. considerable cotton was put on board
~ Southern ports for Liverpool, bills OF Ladiug
ssDt mere. and crafts drawn &C sixty days. The
cotton could then be kept here six weeks II
necessary, for So Much - the factors would
me 10 resume this KIND OF business, the eE-
cbauRe market is in such a stnte that Il Is not
likely to amount 70 much this year. Only
those VINO are ape 70 l@y out ol mem money
can do 70. This being the case, and lev orders
going 70 the south l9reisn account ths couon
must coms 70 New YORK much larger GUAM
TSs nv eotton nom the Atlantic States and
ATabama.fs nos a. goO1 a. We have seen it,and
no one need be afraid or IN ming spinner
Ms rom the Wet, and In every respect they
Eurpass anything we have yet seen. west OF
the AHeghanies, mere was Just me Eln OF
weather % bring the crops 70 the grealest per
fertlon. II the Memphis cotton Is . be Ike
what we have seen, there viii be more demand
There has been some difficulty this week
beuwean BUYERS and sellers about .rom ties.
Lszt wear some buyers claimed Two pounds per
baIe DEDUCTION, where bales were i~rOa-bauded.
mi some did not some sellers allowed e.,
and some refused This summer there WIS an
agreement sisned by most Of our ~factsTE, not 10
mac any allowance TOR iron hoops. But this
LETT Inc weight OF the iron hoops 70 the discre-
ton Ofthe planter, and some might be ter pied
10 but on extra heavy ones, thiskinR there
would be no trouble. ~ late sales, this matter
has been comPromise BY the seller agreeing
. make s., an S slgS than rop ea' II t Ssf p'sn IeS
viii use a hight band, 81 Of which vii not
weigh more than six ropes, there win be no
tronble IN this market. - no ALLOWANCES viii
be claimed BY the buyer
prices are arm IN all things except pnOduee.
Com IA very scarce and nrm al 81 l0al IS FOR
Old white aud yellow on leyee, nnd 81 Dat .
from store, a. retail. Meal - oun ~ 5 l5 on
lsvse and s. nom store. Bran scarce and nnm
Al So per lon Oats nrm at lZHlbc New ear
corn. &ug0c. Hay scarce a. M98 on lsVee
and So from store. Mess pork Il IN moderate
demand at S2412i 50 IN large lots on leves, aud
about IS higher from store Chlcago mess Is
odersI al IS IS. prime mess, sA1A, and
rump a. sIgaG. Clear sides. lSz8l955c
breakfast bacon, N55lgc: sugar cured hama.
254Zc. Cabbage, per nrndred, &GA keg
lard, L5Lrl5Nc: uerce, HTdBc. Apples nrm
and scarce at s. 759s 50 per Dbl Butter is be-
coming more plentiful and prices are easier
Goshen, Ac. choice weslern. 0442cs good, 40
Sc; common E9Bc but not 10 demand
Baggdng - In demand a. NnHc for In
ala. and 92e i0r KENTUCKY power hand
loom 24026c. no beans IN market. Egge are
nrm and scarce A. 50a3tc. Flour quiet but nrm f:
common 3 Da6 IS: super S7Rs. s4nl0, Xxx
SO 5o8ii. XXX Sl2al5; fancy brands N4dl5 90
Chickens scarce, selling ats % for young and
ssRs 50 for old Potatoes are scarce and 6rm
good Eel al A85 per bEl. OnioDs, s. DHa IS.
SEest Potatoes $ per Dbl, or ! per buEheI. Mo-
laases dru Al DE6)c for 81. Louis reboilsd no
New Orleans Of cOnsequeDce in market: syrup.
Hal 50. sugar nrml sk1lacfor white crushed
and powdered aud coffee suEarsa a. l7kRlsalae.
brown lsN7c. Hio COZ e, feir 90 choice, go
re I'm lime g. 8a2 50; Cape Lime, s. so
western reserve cheese. l65SBlc; factory,
lpSalsc; ENGLISH daily, le0lse Common,
WHISKY. 81 H092; imitation BOURBON q 293
Bourbon, G9h.