Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-08-04
EgNANNE AND TRADE,

TIE BANKS continue to report the
most complete quietude; it had been ex-
pec-ed that by this time heavy call for
money would have set in, but the plant
ers have, THE season, go many resources
within them elves, that their purchases
Of feed f1r stock and Of family supplies
are below what has been usual, and they
Sc 90 .laJ extent independent of ad-
TanCes. Exchange shows little move
HueDt, and continues to quote at former
.sJe-. Cold in New York remained at
1923 up to noon; here brokers were CfIer-
ing Il3@I-J-, TIE following, from the
Esw Orleans PicaJanc Of Sunday, is Of
interest 10 bank shareholders: 1--WE rC.
grgE e. lean tina the United States re-
c9iyeT Of the New Orleans National
banking association has been comp tiled,
under the IL -.TGctiOus Of the com DtrOIleT
Cf the currency, ~ enforce the personal
liability 81 the stockholders t. the fall
eLrgD. Of the mar value Of their shares
thar Is tLIty dollars per share. a. the
-eguisiti1u is NOS paid up ag.ee-Jiy to
lgaC., The receiver viii be compelled TO
com meCCe quit for the amount. The
C-rsJnai liability provision Of the
national banking law WIS at cue time
-agsTd d 81 z matter Of minor import
Euce o. shareholders, who paid very
!itt!e attention 90 The suggestion that
they might Oh some future period be as
sCsseu t8r Geicieycies, and that in case
OF insolvency thsy might not only lose
She whole amount Of ,leir investment,
but he called on foT as much more, il
required, to pay the indebtedness of the
institution. Bu; ia the few failures of
nations. banks in our city, stockholders
hsve been taught 4 lesson on this sub
Jeot which they viii not readily forget
d lesson which inCulcates closer atten-
t.oE by directors and Ia ~ stockholders
20 the details OF the business of the con-
e n than is generally rendered by
either, VIII confidently place unlimited
trus, iu the principal officers" WequOte
shelby county scrip At 1901; fire and
poiics weak ~ sea IS; school notes 80;
slate notes 1885, Bank Of Tenn essee,
new issue, 20. A dealer sold SI4OO fire
and police warrants at 900.
THE COTTON MARKET was laDguid
with g slight inquiry, which caused
holders 80 be less peremptory in their
2sEiugs, although Liverpool showed Il
advance, but New York futures were
lover. There was Egain great anxiety
on the subject Of the dreaded overflow
on .-y river Gu. a very fine day, with q
stimulating and drying wind, caused
some 10 expect 81 cessation Of vet wealth
sr, and with no more rain the case is not
desi crate. The closing kilograms were
IS follows: New YORK easier; middling,
l4sc; sales, GA bales. New Orleans
quiet At lag; scles, IS bales; receipts,
46I bales. Bivsrpool-upwaTd tenden-
cy 80 5id; Orleans, 7ld. Savannah,
l8fc; Mobile. I4sc; Charleston, l4fc;
Galveston, 1859; Wilmington, l4lc; Bal
timyre, l4gg; Norfolk, 1872; Boston,
I4lc; Augusta, 1872. Gold ct New York,
three O'Clock, -. The eff isl quota
lions remain unchanged as follows:
H''- ordinary .s-....-... . --
Low li-e14l u 49,. ~ -
sll1g Ill 4..--,.- 20 =
The market was steady snd IN
Changed; sales, 50 bales.
The following were the changes in
New York futures:
MONTHS. OPENED, CLOSED.