Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-06-21
FINANCIAL AND CoaHgRClAl
oFFIoH OF THEDAILY APPEAL.

MEMPHIS. June 20, 1855.
The rain which fell last night and
which 1t is hoped was general through,
out West Tennessee, Arkansas and
North Mississippi, has been Of incaIcula.
bic benefit to the growing crops. Corn
| especially was suffering from the drv
weather, and was assuming a naatured
and sickiy hue towards the root, fnd:-
eating a stunted growth, and nubbinsonIy
instead Of ears. The rain, however. will
change all this, and where it has fallen
no fear need now be apprehended.
With good corn crop and fair receipts
| OF wheat, we may look forward to a
much more prosperous fall than other
wise would ensue. Wheat will soon
arrive from Arkansas, and will find
eager purchasers In this market at full
st. Louis prices. The new crop has sold
IN this market so far, during the season,
at from % to SOC over the prices ruling
in Nashville and Louisville. The sur
plus which our planters can send 60 mar
ket will enable them to get along with
out assistance until they make their cot
ton crops, and will put money In eireu-
lstion in greater quantities than mapv
would suppose. One house alone eT.
poets to receive at least $50, 900 worth Of
wheat during the season, having seat
sacks enough into the interior to cover
nearly that amount.
Money remains easy, and Exchange Is
becoming heavy. Our discount houses
are all supplied, and the buying rates are
no longer firm, while we learn Of oeea-
siOnal sales at less than the CUSTOMARY
checking rate of the past few weeks.
Eastern sight is taken at par and sold At
I to ] premium. On other points there
is no change.
Bonds and stocks are generally firm,
We quote a sale of $1,000 City at SO to
5S5c; Memphis and Ohio Railroad stock
in fair demand at Zoe; Iss Mortgage
bonds los, 300; I'd Mortgage bonds 81.
zoe; Mississippi Central Railroad stock.
l0c; lst Mortgage, 81 to 5sc; 81 Mort
gage, SO to 40e; Memphis and Little
Rock lst Mortgage bonds, 4Oe: NAVY
bonds, SIC; Mississippi and Tennessee
lst Mortgage, soc; Mississippi and Ten
nessee 2d Mortgage, 33e.
Gold opened in New York at 40, and
closed at the same-not varying during
the day. We quote at l39 buying. Self
ing at l40.
City Scrip has done nothing for Some
days-there being no offerings. We
quote nominally ~ to soc buying and
selling.
County Warrants are dull ct 62c buy
ing. Selling at 81 to 65e. Small pieces
are held higher.
Police Scrip steady at 50 to SIC buying.
Selling at IS 60 SIC as to amount.
A large number of prominent fire IN
derWTlters from the Eastern and West
ern cities were in attendance at the ses-
sion, in Baltimore, of the Executive
Committee Of the National Board of
Underwriters. The reports of the geve-
raj committees show the importance Of
this national organization, and there ap-
pears to be unanimous determination
20 make il permanent.
: All the Minnesota papers speak en-
Enthusiastically of the condition OF the
growing crops. The season is the most
favorable OF any since 1850. It's esti-
mated that from forty to hfty per cent.
VIII be added IN breaking this year To
the cultivated lands OF the State.
Cotton was hrmer at the opening in
Liverpool to-day; Uplands, liz TO lI4d
Orleans, II to Il4d, and closed at an ad-
vance. Upiands, I1!d; Orleans, IIzd.
Sales Il, 600 bales.
There was good demand at the
opening in New York, and prices were
higher, Low MiddIings, soc; Mid
dlinss, Bile; Orleans, 32e; Good Mid
diings, S3c. At Ii an. the demand was
fair, and prices firm. Az noon the de-
maBd was also fair tut at lower rates
Uplands, Ole. At ] pm, prices were IL /
regular but lower; UplanGs, 29Ie; Or |
leans nOminalIyt 3Ite. At the close the
market was quiet but firm MiddIings,
gle. Sales 1900 bales; weeks safes
Is, 600 bales. Weeks receipts, $3.50 bales. |
1905 bales. Stock on hand, |
30, 500 bales. Weeks receipts at ell |
= I'D States ports, 300 bales.
market was quiet, with holders !
Hal 9 New York rates On such small |
were uncovered, and no buyers. /
"A lmpossible to give anything nearer
q lars idea of the prices asked here than !
aS n rotations given above, The stock /
reduced largely since our last.
these COTTON STATEMENT
- - CHAMBER OF CoHMFRCE1
zi,asis MEMPHIS, June 20, 1855, 1
stock on hand Sept. l, IS67...........,,- Lose
iseesiNeI tO-oay ''-.....'--.-a 10