Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-07-15
slNAECIAL AM COmmERCIAL.
OFFICE OF THE DAILY APPEAL

MEMPHIS, July IA, 1858.
With the exception of the damage
done to the corn crops by the long drouth
We have cheerful news from all sections
relative to the crops. The wheat hsr-
vest bids fair to be unusually large
throughout the Northern States and
California, while from Europe the &C
counts are scarcely less favorable. Hsr-
vest work has commenced in Germany,
Italy and the South of France, and the
yield Of wheat is largely in excess of
last year, though the quality is not so
desirable. In the great grain districts
Of the Black Sea wheat is excellent both
in quality and quantity. The harvest in
England will be very good, with the ex-
ceplion Os the Eastern counties, where
the drouth has inflicted injuries. In
Ireland for the first time in many wears,
no complaints are heard OF the condition
Of any Of tbs crops. From Spain and
Australia alone do we hear different
story.
This has been a very quiet day In
financial circles. The committee sp-
pointed by the stockholders OF the Mer
c6snts' National Bank to visit Wash
iBgton in reference to the resuuUti of
business by the bank, were expected
home to day, and will no doubt make
an early report.
A. C0rdes, Esq, President Of the Ger
man National Bank of this city, being
absent on his way to Europe, where he
may stay al indefinite period, rendered
his resignation some days ago. At
meeting Of the Directors, held yester-
day, our well known fellow citizen aud
prominent merchant, E. n AppersoD,
Esq, was ejeetsd President OF the bank,
and has assumed the duties incumbent
thereto.
II stocks and bonds, owing to the
light offerings, we have no sales of i'm
pUrtauee to note, further than sale
yesterday not before mentioned OF 400
shares Memphis aud Charleston railroad
"a 56c; otner stocks and bonds are nom
i9aliy unchanged.
Exchange is steady at cur previous
quotations, with supply fully up to the
demand.
II coin the offerings exceed the de-
msrd, though both are light. Buying
a. l39 to 400; a large lot would readily
coz mand the latter figure; selling al
40! to l4le Nearly ali taken is clipped
K AsG. The New York market opened st
l425e, bat fel back slmost immediately
to l4l3e, closing at 142c.
The following are the closing New York
quItstions on Governments Coupons,
'Sl, l83; do '62, 49,; do "a l0g; do IS,
49, Dew issue, 81; do '67, So; lO-40s, Il
1903, p aud 81, 81; Old TeBGessess, III
new do 20 Government bonds dal.
City Scrip is quiet, with no demand,
except from brokers, who buy at y to
7Sc, for small amounts; selling st IS to
7So. A large order would be filed at
less.
City Bonds are weak. We quote nom
inally a IS to nc.
County Warrants dull at SOC, buying;
selling al IS to Coz.
Police Scrip weak at 20 to Zoe, buying;
selling ct 70 to sos.
Cotton opened dull In Liverpool to-
day, and prices were lower; Uplands,
uau; Orleans, Ilad, and closing duh
with no change in quotations. Sales
s coo bales.
The New York market was dull at the
opening, with Middlings 32e, and closed
with prices tending downward; Mid
diings nominally sl3 taS2c.
We have only a small sale TO note, s
bales barely Middiing were taken at 29tc.
There has been little or no inquiry dur
ing the day,
CHAarsxru On r,o.xrvprr