Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-04-05
COMMERCIAL.
OFFICE OF THE DAILY APPEAL
MEMPHIS. April 4, 1857, s pm. ]
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OFFICE OF THE DAILY APPEAL
MEMPHIS. April 4, 1857, s pm. !
General Business.
More rain, more mud, and, conse-
quently, less trade. Our hope of fine
weather was marred at an early hour
this morning by the storm which then
set in, and has continued throughout the
day. Business dropped of, and our
streets, which were getting dusty, are
again covered with mud. We have bat
little change to note in prices. Should
ers are scarce and firm at our quotations.
COTTON-The bottom has dropped
out of this market, owing to the adviees
from New York and Liverpool. As
there were no sales worth noting we
have no means Of quoting prices, but do
not believe that middling would bring
over Csc. Receipts for the past twenty
four hours, us bales shipments, 1900
bales.
Several seizures of whisky have been
made in this city in the past four days.
Nearly 100 barrels of this illicit distilla-
ton came from st. Louis. Cincinnati
also has shipped a large quantity. We
learn that the financial difficulties
which have overtakeD the house of Lewis
& Co. Of that city, was partly caused
by dabbling in whisky upon which the
tax was not paid. A front street firm in
this city has also become involved to
some extent. About q dozen barrels
were seized in their cellar yesterday.
We are led to think that loyalty oc-
~casionally INDUCES in getting around
the revenue tax, and that the most bla-
tant uphoIders Of Brownlow & Co. are
not indlsposed to turn an honest penny
at the expense of the government.
In New York on the LIST, the internal
revenue officere seized Over 400 barrels of
whisky, which had been relieved from
a bonded warehouse under ~transpOrta-
ton bonds that are thought to be worth
less. IL is believed that by a similar
process from 5000 to 1000 barrels have
been removed and realized IN.
The Selma Messenger states that the
losses sustained by parties along the
rivers of Alabama from he destruction
OF houses, fences and stock, caused by
the recent heavy rains, are numerous,
and that many thousands of acres of the
most productive lands on the Alabama
and its tributaries are now overfiowed,
and will in all probability remain uncut
tivated during the s
The New York Economist says: Al
though wool continues steady at improv-
III DIICCEt MALAA q 1AA GglAALCnN
feeling, yet the prices realized for WOOL
ems will not warrant manufacturers paw
ing any higher prices the mills con-
tinue to run short time, and there IS
nothing to induce manufacturers TO in
crease production.
The present state of feeling prevents
dealers from urging large purchases
upon manufacturers, and the cireum-
stances under which manufacturers are
laboring to prevent them from purchase
ing largely if they pursue the course
which prudence would dictate. There
are but few who have not suffered from
a too reckless course, which is now pro-
a very careful and conservative
policy. This we are glad to see; It is
wise. AS yet there has not heeu any
disposition to speculate upon the tariff
every one appears 70 be willing to wait
the demand for woolens. And so long
as the manufacturers continue their
consumption Of wool il cannot