Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-03-06

to crush the most gigantic speculations has
been frequently illustrated IN the pest-as In
stanced in the crushing 0l Ihe Greek specuia
ton IN grain not many years ago, ana which
resulted In a financial Crisis and panic. No
doubt, the Bank Of England has commenced
the policy OF cOntIHctiOu Ia It's aecOmm Oda-
tiOns to AL foreign firms and spectators who
are likely to weaken It's reserve coin"
There was a n ore active demand for foreign
bills Of exchange yesterday, owing 20 tele-
grams rom firms Ia Europe to their corres-
pOndeLts here for remtttauces TO strengthen
themselves against the eVentuality OF de-
cline in the price OF cotton. Within the last
twenty four hours there has been loss sus-
talned on the entire crop OF the South equal
TO nine millions dollars.
Wall and Broad streets were considerably
excited to-day over discovering that Albert
Frand d Brother had turned out 70 be default
ers The amount OF this default IS about one
hundred thousand dollars. The Union Bank
and one or two of the largest bankers and
brokers are the heaviest losers.
The subscriptions 10 the French relief fund
Secretary Boutwell, to-day directed the Assls-
tant Treasurer at New YORK To notify holders
OF three per cent. certificates of March ID, 1861,
and July 18th, lS6o, that all such certificates
bearing date from October 18th, 1867, to Deceu-
ber 10th, 1867 inclusive, Of the denomination
Of $780, each, between the numbers 5bl and 1893,
ana of the denomination of $4,000, between
the numbers 7j9 and 1910, viii be paid on pre-
sentatiuu at his office. After the Both of April,
ISL the March certificates viii cease TO bear
interest and viii be no Longer available as
"a portion of The lawful reserve in possession OF
any national banking association.
Gold firm at ll07S9lll; loans We're made at
2ls4H% per cent; clearances S37 900 900; eN-
ports to-day, about 81, 100; exports for week,
81 ,73s 600 Governments strong; particularly
Sis, which have advanced Lc on yesterday S
prices stocks active and irregular; there was
"a decline about the middle of the day, but AZ
the close the market reacted and advanced to
about the opening prices Union Pacific opened
at 33. sold down 10 q, on rumOr that the Pres
ideut had not signed the army appropriation
bill, and closed "a 3O5{ Indiana Central opened
Hfg N6nd fs ffrgas.
tire market closing active, but not quite so
strong. Money, lao per cent. State bonds very
steady, with but few transactions; old IenHes-
sees. 6ils ; new. 6i14. The weekly bank state
ment shows The following changes. Loans
increase, 81 62j,ss7; specie, increase, $40 lj0i
circulation, decrease, SEQ l62; deposits, increase
s7,4304i8; legal tenders increase, &8fl 800. Ster-
ling exchange 1895.
NEW ORLEANS.
NEW ORLEANS. March 4.-flOur quiet; su-
per6ue Sc so; Xxx STG7 30; xxx, 81 5OG7 75
Oats easier; St Louis, 6l@63ci Galena, sc
Bacon dull and easier at 97s, u, and I24E9l25Sc.
sugar. Gu ed hams, l616Gl7c. Corn, b an, hay
pork. lard, sugar, nOlasses, whisky and coffee
all unchanged. Cotton active; sales, 1890
bales; middliug. l3ssci receipts, S45l bales; eX-
ports, l0,I bales 10 foreign ports; coastWise
ports $50 bales; stock, H2, $50 bales. Sterling
2l9S; sight, = per cent. discount. Gold, III.
CINCINNATI.
CTNCnyNATI, March 4-Cotton duh and
a shsde lower; middling, lac. Flour nrm and
demand fair; family, IS 56GR 20 Wheat tirm
Dith fair demand; red, 81 4OQl A. Corn IL
good demand at full prtces-57c refused Oats
steady at so g5lc Barley dropping at g0G9jc.
Pork Is duh but holders are not willing 20
make concessions. and are asking S2l 1902;
lard dull and holders not willing to make
concessions asking l2LUlz1SC for steam and
Kettle Bulk meats dun and holders are anX-
i0us 20 SELL offered at 71z47s4 and gzGl015c at
close without buyers; ssles OF l7O hhds sides
at lUtaglict packed, and seller for May. Bacon
duh and dropping sales at 50, Il and u7zc.
Whisky firm at SIC.
ST. LOUIS.
ST. LOUIS March 4 Flour in good demand
At full prices; SupBTtue Wiuter, E5 1905 90,
extra, s6g6 81. " heat-spIi9g better lowe,
81 35gl 81; fau quiet and unchanged. Corn
DEM nj good full prices; No. / mixed, 5lc;
in sacks, 604G.c. Oats firm at 4SJS.g5lC In bulk
d d5Rc sacked. Barley firm at ll215c for choice
lOWas. Rye droOplLgi No. p SOc. WHISKY
SIG Mess pork dull and declined 70 S2l 3Jg
Il so. Bulk meats-Only limited jObblng de-
mand al "a, lU54 and lO1a9lUj4c. bacon clear
sides buyer for March, li5aci jobbing lots of
shoulders, yi4c; clear sides, ll54c; hams, SUI
gar-cured, l31sGljtac; sweet picked hams, 50.
Joseph paCkery, l3Lc. Lard jObbiug at l2lsc.
Hogs range AT 50 20gI. Cattle unchanged
2IJ8J.
LOUISVILLE.
LOUISVILLE. March4 The cotton market is
very duh and prices lower; middliug, sc.
Flour very firm; extra family, 50 p. Grain
firm and but little doing. Groceries firm and
nothing doing. Hay quiet and steady. Pro
visions very quiet. mess pork, S2l IS; bacon,
"a o.
Lard, l2lgal31c. Hams sugnr-cured, l0c;
plain, l4isc. Whisky quiet at SIC. Tobacco
active; sal IS 80 hhds az - 25a6 a for trash TO
good lugs, aud So jOSl5 for low to medium
CHICAGO.
CHICAGO, March 4.-Flour is very quiet.
Whest-NO 2 spring fairly active and &c
hiEher-Sl 5MGl 2i4; this afternoon, steady
and lsc hi9her, closing firm at 5.azc, cash
tuis afternoon quiet aud trm. Oats-No. 2
quiet st i9lzg4S54c. kye-NO, duh at soc.
barley-No. dull at 76c. HighwtEes 66c for
irOu-houud Mess pork quiet at $50 S75a cash.
Lard, l216C, seller Tor April Dressed hogs
quiet at 81 JOgo; live quiet al So 25S7 30, Cattle
dull At 81 l214g5 4O
SAVANNAH.
SAVANNAH, March 4.-The cotton market
is uuil and irregular, with holders anxious
% realize; mlddllng, l4c; net receipts, 2435
balesi exports TO Cork 1Or orders, Z7il bales;
sales, 500 Oaless stock, 50 659 bales.
CHARLESTON.
CHARLESTON, March 4.-The cotton market
is Gull and es sy; mIddling, l4lsC; net receipts
li49 bales: exports COastwise - bales; sales.
900 bales; stock, % 81 bales.
MOBILE.
MOBILE, March 4-The cotton market is
quiet: miudllnE, l3@49l4c; net receipts, $50
bales; exports TO Great Britain, S65g bales.
TO the Continent, 1862 bales: coastgise, s6
bales; sales, 1900 bales; stock, 73,s6S bales
FOREIGN.
FRANKFORT, March 4.-United States bonds
opened at g67s and closed buoyant at g7l4 for
5-2Js OF 1862
LONDON, March 3.-Consols 9Is4 for money
and on account. American Bonds trm; 8 2ds
of 1862. 9l5s 2 of 1865, Old 925; 5-20s of 1857
9l@s; l0-4Us, 9Ol4. Erie, -. Illinois Central,
lSi2. Atlantic and Great Western, 3O}z
LIVERPOOL, March 4.-CottOn dull and tend
ing dOWnwardi middling uplanda barely73sd;
middling orleans, 71zG75zd. Gales, 500 bales
TO arrive at I'D. stock stlOat $1,000 bales, OF
which 5000 are American. Red western
wheat, los ydGlls 81.