Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-06-08
FINANCIAL AM C0aMRRCIAl.
OFFICE OF THE DAILY APPEAL.
MENPHfs. Iuue q. 1873.

- Jul AhSNs I
Messrs. Murphy & Cash, having
fitted up the building adjoining their old
banking house, and formerly occupied
by Larry Harmstad & Co., on the corner
of Main and Madison streets, have re-
moved, and are now, with the additional
room secured, prepared to carry on ali
branches of their business upon an ex
tended scale.
Gold opened in New York to-day al
1898 and closed at 1893 There Is very
little Offering here, with bat = small de-
mand. Buying at 1885, to 1879. Selling
at 14O.
City Scrip Is quiet. We have heard OF
no large upon the market for
some days. Holders are not offering al
less than 75c, which dealers are not dis
posed to pay. the buying rate is nomi-
nal at y to 78c, while checks. against
ledger balances are sold at IS to 7Sc, as
TO amount wanted.
In County Warrants there is little do
ing. Brokers buy at So to 60e in limited
amounts, and sell at 81 TO Csc.
Police Scrip is firm, with enough upon
the market TO supply the demand. Buy
ing at 81 to 55c. Selling at So to soc.
City bonds are firm, at 81 to 52e, with
active inquiry from spectators at SOC,
Z no sellers.
1t is probable that no great amount OF
disappointment has been OccAsiOned by
the general inactivity OF the spring and
SUN mer trade. It has beer apparent tor
some time that no marked Improvement
would take place ia advance Of the in
gathering of the new crops, and before
the issue OF the Presidential election.
Hence business men generally are not
taken by SURPRISE. 1hey looked for a
certain uegTee OF inactivity, "a the only
regret Is that they were not disappointed.
But Il RESULTS would have bseu a great
deal more disastrous if the mercantile
community a Ueen less sagsciOus. As
matters now stand, says the New York
Commercial Bulletin, gney are IN q posi-
non ~ Tide Uver ,the difficulties coca
stoned by a limited demand for gOous.
Iheir Obligations are narrowed down 10
an extent prOpOrti0nate to the contrac-
lion OF business, aud, ~ a general thing
there is very little Indebtedness at the
pTeseut time. Merchants and manufac-
turers ha We only 3 comparatively small
amount of goods OF haiti, aud business
generally is limited to the supply of b
considerably diminished demand for
commodities for immediate consumption.
Tnat the summer trade will be marked
by the dullness of the winter ard spring
uOw seems to be entirely probable. The
unusually late and c0Id spring has both
delayed and checked the promise OF the
ordinary summer activity. Business
will succumb to the Influences Of hot
weather aad politics, d may be only
expected to resume its sway when the
DOUBTS respecting the harvest and the
issue Of the Presidential election shall
have Deen removed. In the meaDtIme
there is nothing ID the immediate future
10 excite apprehension. The country Is
going through thep precise ordeal that can
alone dispeI existing difficulties. Once
more iC is consuming less than IL pre-
duces, and stands in = favorable position
Tor TesUmiDg q new career of prosperity
when q new harvest and the approach
ing settlement OF our financial problems
shall have impaired the substantial ele-
ments Of wealth and confidence.
The Liverpool cotton market was doll
at the opening to-day. Uplands, 1l3d;
Orleans, ll4d. At noon it was quiet,
with prices uomInaliy unchanged. Sales,
600 Dales.
The New York market opened dull
aud nominal. Low Middiings, 29c;
Middiings, 303c; Orleans, 31c; Good
MiddliDgs, 32c. AT noon there was no
change, and at the close there was not
enough doing to test the market. Up
lands, numinsny 800. sales, $50 bales.
Weeks sales, 500. Week's receipts,
$3.50. Exports, 1903. Stock, IS 90.
Weeks receipts at ali Q. ). ports, 1900
bales.
Our market was quiet, with no sales
upon which TO base quotations. Hold
ers ask 29c for Middlihgs, while buyers
are not at all anxious 10 buy At 2Se.
COTTON s~TATEMEST.
CHAERsR oF COMMERCE.,
MEMPHIS June ., lSS.
stock on hand Sept. 1, lS57--~---.. L,0S0
Received previously --..-"-~--"--Zz,5z &@'5S
s5ssaa
exported to-dsy------------- 20,
Exported prsvIorsly"--~-,-..as,@i &s@
stick ON hand as
Full weight Mess Pork, 500 to % 80
Prime Mes S2T to q so. Jowls, so.
to %. Prime Pork, S25. Bacon
is weak and prices declining. Clear
Sides are dull at 17A to lSe.
Clear Rib Sides, leg to lie. Rib
Sides, 10 to lG4c. Shoulders, 49, to l4e-
3. C. Cauvassed Hams, 20 to 2le. Plain
s. c., Is to zoe. Plain smoked, II to
lSe. Lard is firm with light stock
tierces, 10 to 1e3c; kegs, Cog TO
2Ic. Corn, firm at 97e on the landing
and at depot; 81 tOSl % from store. Oats,
scarce at 81 to 800. Bran, $50 to 50 on
Ievee. Hay, SIS 90 to 20 in lots ; 81 70 "A
10 a small way. COrnmeal, dull at
"a % to 4 80 for fresh at depot and in
store Kindred, "a 50 t04 70; from store,
In q small jobbing way, IS TO 8 %
Old chickens firm at So; spring
chickens, IS 90 to 4 90. Eggs in fair
demand at l5c. Flour Is quiet but
firm /; SnppEfine, IS to S SO; X, 50 90 TO
10 90; XX, $I1 to IL Xxx. $l2 50 to
Is 90; Fancy Brands, fl4 u Is SO Old
| potatoes about out of market; new in
| demand at 50 so to 5. Butter Is abund-
ant, choice country % to Soc Choice
Western SOC common, no sale. Cheese
/ dull-prIces range from Is to Use
for good. Coffee Is firm, with fair
stock Rio, % to 2Te; Java, IS to
42c. Mackerel is in moderate demand I;
| No. l in barrels So NJ barrels, 81 80 to
I II; No. | kits, 81 IS to 3 90; No. 2,
81 SO to 2 20: No. 8, 81 Is to 2 80. Mo-
lasses firm /; Sugarbouse, Ia barrels, CSC 70
e0e; half barrels. SOC TO 81 90; kegs,
$40 to 10 50. New Onions, 5 80 "a So per
barrel. Salt duh barrels. 81 IS to
8; sacks, 50 70 to 3; Dairy Salt
per barrel, So 50. Tar in kegs per
dozen, s. 10 8 so. Sugar firm prime
10 choice Louisiana, Is TO 17c
fair, II 10 I5c; Island Sugars, Is to
Ice. Tobacco, fancy work natural leaf,
81 90 to 81 Is; bright pounds fancy,
81 to 81 @ medium, soc to 81; common,
so to 75c; smoking, fine and fancy, 81 to
81 25 common, 35 to 75c. Whisky is
hrm at 81 80 to 81 25 Tor common
The Stock market Is very dull. Choice
Beeves, s to Sc inferior, 4 to sc. Sheep,
s. rs to 8 90 per head. Hogs, 2 to SC,
gross.
STABLES,