Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-07-22
COMMERCIAL, FINANCIAL AND
CROP ITEMS.

At a large sale of secVrities la Angus
ia, Ia, Oh the stu inst, so Of Florida
Railroad nrst mortgage bonds n eou-
seven per cent, sold for ll4c, and
$3.50 40 of same bonds for Be on the dollar;
$500 bonds and 5000 coupons, second
mortgage Alabama and Florida Railroad,
2S.
1t will hardly be believed that, accord
ing tOthe custOmhOuse entries, for The
past wear, we only imported $50, $50 pounds
Of cigars, or, at an average Of tWetV9
bounds to the thOusand-thIrty million
cigars. which would not supply fifty
thousand smokers of HAVANA cigars in the
whole United States with two cigars aday.
The increase of Free Trade Leagues
throughout the country, and the gFGwth
of popular feeling in favor Of a revenue in
place of a p%rohibitory tariff, are among
the most significant signs of the times.
Congress win be compelled to yield to
public sentiment at an early date, and eff
feet a thorough revision Of the tariff. Any
resistance or hesitation will be at the risk
Of a popular reaction in favor of absolute
free trade, which the prohibitionists, if
they are wise, will not evoke.
The Clarksville Chronicle of the 18th
saws of the tobacco market. ono hundred
ahd Mt hogsheads is aclOse '~appr6Xima-
ton 10 the sales of the week. Prices have
ruled steady for all grades. Reports from
New York indicate a duh market, with
difficulty in effeetiGg sales without fur
ther concession in prices. There is more
activity in New Orleans-though nothing
big is being done there i'm the way of
salea,
our planters are inclined to hold back
In anticipation Of a spring" in prices
from the excessive dry and hot weather
at this time prevailing, which they think
viii kill considerable of the last planting.
Our buyers are, as a general thing, hold.
ers ola large proportion of their seasons
purchase, not having been able TO close
ont to advantage.
The largest seizure ever made under
the revenue laws was lately ofiegtsd in
baltimore. The Ullmaps Ofthat city own
the largest distillery in the county and
have done a very extensive and profitable
business In liquors, which they pursued
i'm all its branches-cOmpOunding, making
peach brandy and making new whisky
old without increasing its age. Govern
ment officers were sent TO investigate its
affairs. and found that for a long time
there had been astounding frauds on the
revenue. These irregularities extend
over a long period and comprised viola
tiOns Of nearly every section of every law
respeltinE tbs manufacture al spirits,
41I1 HISS To the Government is believed to
amount to several hundred thousand dol
lars. The frauds were such that they
could not have been committed without
the connivance of the local revenue Off
GERS. The delinquents nave all been
superseded, and are to be rigidly prose-
cuted. The evidence obtained is too com
plete to allow of m doubts of the con-
viction of the owners and the cOnfiscation
of their property. The buildings alone
ere worth one hundred thousand dollars.
The methods Of the Upmans were
adopted with singular ~ingenuityito eYado
detection,
Mr.. S. d. Morgan, of Nashville, Tenn,
calls attention in the Scientific AHericdH,
to a great advantage to be gained by the
manufacturer Of cotton goods in taking
his cotton "in the seed" or before being
ginned and tightly compressed i'm bales.
nv ginning his own cotton the manufac-
turer makes a great saving, not only in
that of the weight of the bahng and rope
used in covering the bales, but almost as
much In having his cotton IN the very
best possible condition for carding, n II
his gin be ofthe right sort he has no short
cotton or "hyings." The ordinary PLAN
tation gin is made with comparatively
small-diametered saws, having a very
rapid motion in order to do its work
RENh1AAl 1AAA~ 1NAAH NV EAARA
tum with the large planter or those who
gin for toll. This very rapid motion OF
the saws jerks the cotton of the seed, and
consequently either breaks or cuts the
fibre. A gin constructed for the manu-
facturer has very large saws, very fine
teeth tas many as IL to Is to the inch of
oircumferencel The saw with a slow and
regular motion pulls each ibreo out by the
| root without breaking il in the least.
The Nashville Press and Times says
| Mr. Rust, the State Treasurer, got back
from Memphis Sunday morning, whittier
he had been to look after the affairs ofthe
Tennessee National Bank. He went to
Vicksburg while he was gone and pur-
| chased some claims which parties there
held against the bank. he got them fol
twenty cents on the dollar, There are
other claims Of a similar sha1aSter helq "
I CINCINNATI, which mustbe purchased also
In a short time Mr.. Rust goes TO wash
ington, in company with Smith, b at
tOrney ofthe bank, and Hill, the receiyer
20 adjust affairs with the Comptroller
I there.