Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-08-06
SHANGHAI AND COMMERCIAL.
OFFICE OF THE DAILY APPEAL,


streets and at our banks. Many Of the
most familiar faces were missing from
their accustomed places during the day,
being in attendance at the meeting held
10 the New Memphis to nominate dele
gates to Brownsville. Our merchants
are takiHg q much more active interest
in politics than ever before, as they find
after years OF misrule and It's accomps-
nyiDg burdensome taxation, there is no
salvation for our people without great
political change occurs and further post
ponement Of that change will entail ut
ter ruin.
The money market was very quiet to-
day. The demand for exchange, which
was quite active for the first three days
In the month, is again falling of and
rates are likely to remain az they are for
some time yet 10 come. We could learn
Of no bills offering, and the nominal
buying rate is par to &c premium. Sell
ing on New York at &c premium, and
on other points at Ic premium.
Gold is advancing rapidly without any
apparent cause, and the New York bulls
are having things all their own way.
That market opened to-day at 1474c, and
closed at 14Se. 1t will probably reach
l5Oc, and then decline as rapidly as Il
rose. We quote at 145(9146e buying In
this market. Selling at I47CaI473c.
The New York stock exchange
quotations at noon to-day were as
follows: Coupons Of 'sI, ISL
do 1872, 14A do '64, IL; do '65,
l2} new issue, ss; do '67, 81 IO-4Os, 81 ;
7-5Os, both series, none; Government
bonds, steady; old Tennessses, IS ;;
new, 64B.
Binds and stocks are quiet and nomi-
nally unchanged. There is an active de-
mand for railroad and city bonds, but
holders are waiting to zee what the fu-
ture has in store and are generally look
ing for an advance.
City scrip is firm. Brokers who are
enabled to convert scrip into bonds as
per contract with the Mayor, are the
strongest buyers. They offer 7297Se for
small amounts, but will not sell at less
than Soc.
County warrants are sought after by
one or two brokers. They take oeca-
sional or spasmodie spells, and in q spirit
we presume Of true faith in the Board of
dart out upon the mar
ket offering an advance Of 295c over ali
but generally succeed In
getting all they want in q short time.
Anaconda like, they gorge and retire,
and days will elapse before they again
become similarly attacked. A few sales
were made to-day at figures ranging
from 5S@56c.
Police scrip is dull. Buying at zoe.
Selling at zoe.
The Galveston Dispatch of the Goth
ait. says:
The first bale of cotton grown in 1868
was yesterday received at Houston from
VI J. Duke, Grimes county. 1t weighed
our hundred and eight pounds. CHASED
yood middilngi and was sold to T.. w.
House.
This bale was committed to the care
Of the Southern Express Company, to be
by them forwarded to New York city.
This they did under the direction of a
= special messenger" and the cotton was
received and receipted for by |
he New York conslgnee. Taken alto
gether-the quick growth and quicker |
narketing-beats all former precedent. |
There's life in the old land yet"
Reports from crops in Southern Geor- /
yia snow that the rains are iniuripg the
plants, and Information from Florida /
itates mat the worm is at work on most
If the plantations.
The shipments Of -four and grain from
Toledo, Ohio, since the LIST OF January,
sXceed those for the same time in 1867, |
p, 45l, al bushels. ~.
A LnnisFjlba RnIsKy. The whisky ia
o be made within the next two years,
nd the contract is probably the largest
yer entered into in the United States.
The wheat crop in Illinois is less than
he average, but the corn crop will be
The last mail from China brought ad-
ices from Hong Kong to June LIST, at
which time the new season opens, and |
he total export Of the last season being I
complete, can be compared with the ex-
)ort of previous years. It appears that
he total export of tea from China and
-apsn to Great Britain has been III, 323,-
AZ pounds, against ll3, 452 SS2 in the
PREVIOUS season, and the export to the
United States has been 80, 3G2, 647, against
Z, 1874, 4S4 pounds the year before. As to
he prospect Of the new season, an active
lemaRd at enhanced values is expected. |
Cotton was declining in Liverpool at
he opening to-day, Uplands, 94d; Or
cans, 10d, and at the close was easier.
tales, 5000 bales. Uplands, 9s@9ad; Or
cans, 9s@1Od.
In New York at the opening the mar
let was inactive and prices dropping and
ntirely nominal Low Middlings, 2Se
diddlings, 301; Orleans, 304c; Good
diddlings, 33c. At 2 pm, which was
he last report received, prices were
over; Low Middlings, Z73c; Uplands,
9Sc. sales, 500 bales.
COTTON STATEMENT.
CHAMBER OF COMMERCE..
MEMPHIS. August 5, 1S6S |
itoek on hand Sept. l, l867.............. l,OSO |
teceiYed To-day
Received previously OIL o3074
z54,I58 |
IxpOELeu To-Day ~
Exported previously sO5o So4. I'D