Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-07-19
MARKETS.
IBY TELEGRA PHI
NeW Yark.

New fsFk.
NEW YORK. July I8-Cotfon nominal; sales
1870 bales; middling uplands 1875. Flour 5
td5Oc higher, and active; supernue, state and
western, IS 5096 ., market closing quiet but
hrm and little Offering Whisky more active
and higher at 81 Ol5l oi5z, closing at 81 OK.
/ 81; winter, red and amber western, 81 65s
l 6Z. corn &c higher and active; new mixed
western sscgSl %. coffee quiet but firm.
Sugar active and 14e5sc higher; sales rs lIhds
Cuba and Porto klco at 91z9lg54c; and 2O50
boxes Havana at l-l6glO3sc. Molaksss IN
changed. Rice firm but quiet.
Dry GOods-Manlfest Signs of returning vi
tality to-day wherever mill agents have re-
duced their prices ia uniformity with the
new scale established for the fall trade, name
", printed cloths b3sg65zci Tor "a prints
square lI1Sc; Msrrimac ID, Pacific Mills, Dun
nels and ANN fancy prints l35agl4c; Tor the
best Eastern makes heavy brown sheetings,
I2aI2i<c: for Augusta do better graaes
bleaehed muslins, with 6-cord soft finished
spool cotton, are held relatively too high,
and must recede ere long, in accordance with
the prices for other classes OF goods.
M1ney.-Gold opened at l734 and sold up to
l2LSs. The excitement in the Cold Room was
fully equal to any day since the September
panic ard the price ranged between I7LSG
2E4. Foreign bankers have been buy ing on
orders from the other side, which seem TO be
q genuine anticipation OF a general European
war. Reports are being circulated that Rus
sia has joined Prussia, and Austria Will now
probably side with France. Extreme agita-
ton in European money centers is reflected
in the decline OF c0usuls in London TO W, and
5-2U's OF '62 to SI%9S2. On the streets, early
sales were between ia and Is. The first re-
corded sale was at ll354, after which there
was a steady advance 10 205f, from which
point there was a jump 10 "a and decline
to 2U54 al. The cause Of the jump was a re-
port that there was such a panic in London
that II was impossible to obtain quotations
for United States or other securities, and that
the Bank of England will cali an extra in
uniting to advance bank rates 70 higher fg-
ures. There was a pereeptlble abatement in
the excitement later in tue day, and the
price declined to 1874; this was on cable tel
grams giving higher quotations for securities
in the foreign markets. Closing quotations,
2O1f. The day closed with caluier feeling,
and there was considerable abatement in
speculation. The excitement and recent
panics in the Frankfort BOurse and London
Stock Exchange were engineered by Ger
mans 70 sustain the bull movement. In the
Gold Room the German element in our
midst is estimated to hold at least $4,000, co.,
and are short of Government bonds to the
extent OF So, ,OGO,0CO. Reviewing the situation
from this standpoint, ii is easy 10 see that
Wall street is hanging over volcano. The
situation wins upon the point OF . long or
short war II Europe; II long war, then the
Germans are likely to come out triump phant-
ly; hut II short war, then they ara lkely to
pass through tn most disastrous financial
defeat in their history as operators IN Wall
street. Carrying rates were 5a6. Clearancts
s6,tO0000 Specie shipment by English
steamers Wednesday is expected 10 be very
large. The amount now predicted Is from
$4,000 TO 100000. Foreign exchange held
at lOglO1s. Money more active at Sol per ct.
Governments opened excited, and prices de-
clined. The decline, however, was insignifi-
can't compared with the fall in the foreign
market, which had its Offset in the advance
In gold premium here. Late in the day the
market was steadier. German bankers have
been heavy sellers OF bonds to-day, and 9TH
er large sales were made, it is believed, on
speculative account by professional opera
tors. The Investment business seems TO be
confined to purchases. state securities dun; (;
old TenneSsees 81; new 653s. Sub-Treasury
balance, gold sTls515,ls3i currency SlO,lS4, ,OjO.
louisville
LOUISVILLE, July IS.-Bagsing. firm heavy
30d30%c. Machine rope Sc. Cotton dun and
nominal; middlings lSc. Flour active; extra
family, So so. Grain quiet; wheat 81 209I 80;
corn 81 10; rye, 81; oats SIC. Provisions act
i've, sellers holding of; pork $50 SO; bacon
@l514gH4c. Hams ;3I594c. Whisky Soc.
Tobacco market fairly sustained; sales ll2
hhds at 47297c for frosted TO lugs, and 71z9
AYE for low to medium bright leaf
CiacinHst!.
CINCINNATI, July lS.-FIour 75c higher, and
demand in part speculative; extra family
So &96 50. Wheat higher, but not active;
No l winter 81 S5 being an ad vance OF 6@s7c.
Cotton neglected, aud no demand. Pork
held at $50. Bulk meats l21&dI5s{9 {9 l6l4c. Ba-
con H9E149lSc. Hams, =. ., 24c. Lard l61zc.
Butter 29Hc. Eggs l6c
Chicago.
CHICAGO, July lS.-Flour is less active but
nr y ana - cents niSDers spring extras. - W
@6 .. Wheat active and excited, and s to
lUc higher; sales OF No. at 81 2015 to 80,
cash. Corn active and to 61zc higher, clos
ing at SO to S912c. Oats, to 31sc higher, sales
at Csc. Highwines, 9Gc TO 81 co. Provisions are
rirmer. Pork, SO 70 to $50 %. Lard, Ice. Dry
salted shoulders, lz1zc, loose short rib mid
dies, l51ae.
Foreign.
LONDON, July Is, p.m.-COnsols. 80; on
account 90. American securities, hat and
nominal; 5-20s of 81, So '65's, 63; 67's, 81; 10
4O's, 81.