Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-06-06

don and Paris, and one hundredrmiIIions
Of gold dollars, besides one hundred mil
lions of greenback dollars, in the banks
and Sub Treasury Of New York. Five
hundred millions of legal money idle ID
LoHdoD, Paris and New York. Com.
merce and industry are overshsdowed
with q gloom which "eheap money!
fails to dissipate. The gigantic failures
Of the last two years here and in Europe
-Overend, Quincy q Co, in London,
the Credit MObilier in Paris, the hurri-
cane of the crisis of 1855 in London. par
Rlleled by the failures Of first-elass meF-
chants here-seem to have demoralized
capitalists and money lenders. The
commercial panic and crisis OF former
years are supplanted by q hdry rot"
which affects the unsonnd branches of
commerce at intervals. The confidence
OF money lenders has been so shaken BY
the unlooked-for failures Of first-elass
firms since the rebellion, that they are
ceaselessly on the search for this % dry
rot " somewhere. The dry goods inter
est produce dealers, Western grain spec
ulatlrs, China and East India merchants,
have each In their turn had the "dry
rot and have made the money lenders
suffer, and we have now reached the
class OF the great clique spectators in
stocks, who are suspected by money lend
ers as being the next In rotation likely
to suffer from this "dry rot" which has
been going the rounds OF every great
commercial interest since the rebellion
ended. Next fall is looked forward to
with apprehension.
The White River Journal says: From
the entire White river we have the most
encouraging reports concerning the con
dition Of the crops. There has been less
cotton planted, but more corn and small
grain than usual. Wheat is rapidly ma
turing and bids fair for 3 good yield, al
most every leldof cotton is free OF weeds,
and there is, as a general thing, 8 good
stand.
The Liverpool cotton market at the
opening to-day was quiet but steady;
UpIands, 1l1d; Orleans, lid. There
was no change at noon nor at the close.
Sales, 10000 bales. Weeks sales, "a 600.
To spectators, $500. For export, 1000.
Stock, 618, coo bales, of which All 600 is
American. Stock afoat, 507, 200, OF this
amount 81, 600 is American.
The New York market at the opening
was unchanged in every respect. Sellers
firm. At noon Middlings remained firm
at Sic, and at the close the market was
quiet and firm, Middlings barely Gle.
This market vas quiet, with only q
few small sales reported. Holders are
pretty firm at % to soc tasking) for Mid
dlings, while buyers offer IS to este. We
quote as on yesterday:
Ordinary % @25Z
Sood OfolnafS - @z8N
Low lddinS.-------- -....---.--.--- ~ @ZIz
Middling----..--.....-.-.. ..-.....-.@...-.. 2sIs929
strict Mtddling---p-- .-....------..----. % a.
COTTON STATEMENT.
CHAMBER OF COMMERcE,1
MEMPHIS, June 5, 1888.
stock on hand sept. / 1s87 ..-- 1850
Received cow 80
Received previously .-.----.-.-32,4 22,59
S367s
Exported to-day...-....-............... co
Exported previously----.---"-.252,s2t 32.S2i
Stock on band....--~--..----.,..... 7Ss
Full weight Mess Pork, $40 to 2a so.
Prime Mess, S27 to 81 so. Jowls, $50 to
%. Rump, scarce at s26. Bacon
is weak and prices declining. Clear
Sides are dali at III to 1sc.
Clear Rib Sides, 16i to lie. Rib
Sides, 10 to 16Ic. Shoulders, 1871 to I4e.
s. G. Canvassed Hams, II to 22e. Plain
s. c., Is to zoe. Plain smoked, III to
1Se. Lard is firm with light stock /;
tierces, LEI to zoe; kegs, 21I 10
Gle. Corn, firm at 97e on the landing
and at depot 81 toS1 O5 from store. Oats,
scarce at 81 to soc. Bran, $50 to 80 on
levee. Hay, SIS 90 to 20 in lots so to "a
in a small way. Cornmeal, dull at
81 25 to 4 80 for fresh ct depot and in
store Kindred, "a so to Isl from store,
in a small jobbiDg way, S. TO 5 25. Old
chickens firm at IS 50i spring
chickens, s. 90 to 4 90. Eggs, in fair
demand at zoe, Flour is quiet but
irm SoDerfine, SIS to s so; X, 50 90 to
10 90; Xxx, Sl1 to IL; Xxx, So 30 to
I2 so; Fancy Brands, $l4 to Is SO. Old
potatoes about ont of market; new in
demand at s. to 5 50. Butter Is abund-
ant. choice country IS to soc Choice
Western SOC common, no sale. Cheese
dull-prices q from IS 80 lSc
for good. Coffee Is firm, with fair
stock; Rio, q TO 27c Java, SS to
42c. Msckerel is In moderate demand /;
No. / in barrels $2a half barrels, S11 50 to
II: No. 1 kits, 81 IS to 3 90; No. 2,
So so to 2 IS; No. 8, 50 25 to 2 so. Mo-
iasses arm sugsrbouse, In barrels, Csc to
goo halt barrels, Soc to 81 90; kegs,
$40 to 10 so. New Onions, S. GO per
barrel. Salt dull bsTFelss 50 rs to
g.; sacks, 81 as to 8; Dairy Salt
per barrel. So 50. Tar in kegs per
dozen, S. to 3 80, Sugar firm; prime
to choice Louisiana, 10 to lie
fair, Ii to lsc; Island Sugars, 10 to
I6e. Tobacco, fanoy work natural leaf,
81 90 to 81 25; bright pounds fancy,
81 TO 81 25 medium, soc to 81; common,
SO to 75c; smoking, fine and fancy, 81 to
81 IS common, 50 to 75c. Whisky is
irm at 81 90 to % Is for common.
The Stock market is very dSu. Choice
Beeves, @ to Sc; inferior, to Sc. Sheep,
So 10 to 8 % per head. Hogs, Z to Sc,
gross. @
MDELE0N