Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-07-25
FINANCIAL Arb COaMERCIAL

MEMPHIS, July p, 1868.
To-day was quiet one in all branches
of trade, though there was some little in
! quiry for few staple articles In the line
OF biesdstuffs and provisions, and prices
are about the same as at our last. The
/ general stagnation in business which
prevails ia this country has its counter
! part in Europe. From a correspondent
/ of the Financial Chronicle who has had
ample means of estimating, we learn
I that not even the weather, which is
nothing less than magnificent, or the
abundance of money, has any effect in
promoting activity in commercial cir
cles. That same extreme caution to
which we have been accustomed for so
long still pervades all classes, and al
though moderate legitimate trade is
doing, there is no activity, because there
is no speculation. From good harvest
and from cheaper wheat aud bresd, we
expect great results; but it seems ques-
tionable whether enc good crop of wheat
could act as a cure for ali recent misfor-
tunes.
The Merchants National Bank, it is
DOW definitely settled, will open or
Monday. Mr.. r. c. Daniels, who has
been here for some time aiding in putting
the affairs of the bank in shape, is, we
learn, to leave for New York to-day.
We have no change to report in the
discount market. A little short time
prompt paying paper is taken at rates
ranging frem to u per cent at the
counter and upon the streets at to
per cent per month.
Exchange is steady at cur last quota
tions. Buying at par to ! prem. Selling
at 3@s prem. $40, goo was taken on
New York at one bank to-day.
Gold opened in New York at 143s,
from which it did not deviate until the
close. A small amountonly was offered
here. Brokers buy at 1413@142. Selling
at 142A@I43. These are quotations for
small lots.
Bonds and stocks are dull and nominal.
We quote City bonds, 54@56c. Mem
phIs & Charleston railroad stock, 52@5Sc.
Memphis Gas Company stock, 81 90
Mississippi Central Railroad, LIST
mortgage bonds, 5Sc; 81 do. 4Oc.
Mississippi and Tennessee, LIST mort
gage bonds, SOC. Memphis and Louisville
Ist mortgage bonds, 3O@32e; 81 do
zoe. Memphis and Little Rock bonds,
40c. A-
The following are the New York
quotations for Government seeuri-
ties to-day: Coupons 'SI, l5t (; !
do '62, 14l do "a, If; do '65,
I2l new issue, 90 do '67, 81 1O-4Os, 81! (; |
7-3Os, I'd and Sd, 50; Tennessee bonds |
NOS quoted. Government bonds quiet. |
City Scrip is fem. Buying at 75976. !
Selling irregularly. We quite sale of
5000 on the etreet at 76c.
County Warrants and Police Scrip are
very little changed since yesterday. The
former are scarce at 54G955c buying
SI7OJ taken at 54e by t. broker. Selling
It 5S9GJc. The latter is dull al ZOE buy
ing. Selling at 7s@75c. 81 -
Cotton was steady in Liverpool at the
opening tc-day-Uplands, lO3d; Orleans,
0Id. There was no change at noon, but
It the close the market was easier-Up-
snds, lGad; Orleans, l0sd. Sales, l0,0CO
,ales. Weeks sales, $4,000, of which
{, coo was taken for export, and 5000 by
Stock on hand 500, coo bales,
4 which $4,000 is American. Stock
float, 78l coo, OF which 600 is Ameri-
an.
In New York at the opening cotton
vas dull and nominal Low MiddliDgs,
94@29Sc; MiddlIngs. Sic Ofleans, 3l3c;
food Middlings, 33c and very scarce,
losing dull and nominal at same quota
ions. Sales, $50 bales.
This market was dull and nominal
throughout.
COTTON STATEMENT.
CHAMBER OF COMMERCE,
MEMPHIS, July a, 1853. /!
took on hand Sept. 1, lS67-..,.-....... 1850
eeeived to-day ..............................-
eceived previously DIG 2s3,o2l
254 i0l
xported to-day ....~........... ............ 80 !
Z ported previously.............. Cos 1854
lack on hand...-..-.....-...-....... 46I 3
App ES-Taere is a light shipping I
emand for choice at irregular prices,
angling from Sl@2 per barrel. !
BRAN-Only q moderate demand :
slling in store and at mills from $40 !
per top ia aScks, and $50 loose.
BUTFER-Market bare OF choice tub, S
I'D prices Erm Rt S3935c for western 2
,mmon uoruinsl. l
BACON-Meats rem ain firm but mac ;
We; city packed clear sides l7f@171c; 7 =
her brands lie; clear rib l6&(9l7c; rib I
&c; shoulders 13a914e. q
CATTLE-Light city butchers de- a
and and light stock. Inferior to choice
,eves, gross, 22@63e. b
CHEESE-Light stock and deRasnd. y
'e quote w. r Factory and X, D. at n
tGlSc. O.
COFFEE-Fsir jobbfug demand at I,
C926c for Rio-LaguayrE 2S@ SOC; Java o.
Gaze. re
receipts and more active, ~
th sales of $50 sacks choice white,
eIled, in various lots on landing, old
d new gunnies, at 95c(9$f per bushel. ~
cORNM EAL-An active market for th
ndried at 81 50 ON levee and IS in fri
re fresh bolted 81 75 at mills.
market Is veyy dali for
grades. Buyers are hofNing Oh, Sc