Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-06-13
FINANCE AND TRADE,

FINANCE AND TRADE
THE BANKS were very quiet yester'
day, for the usual June stagnation i.
settling down upon all sorts of business
The feeling IL cheerful, nOtwithstsud
ing, and that feeling is widespread. The
New Orleans PicdyUne, for instance
Gays: Throughout the south the crops
are reported as in splendid condition,
Less complaints are heard this season
than during any year since the war
The outlook FOR cotton, sugar and rica
could not lie better" This is the key.
note Of the more cheerful feeliDg-the
improved prospect Of the crops. The
same paper says money is in good de.
mand, bankers are very hopeful, and
infer from the present indications that
they VIII, by the fall, be enabled to util-
ize all the money they have. The loans
now are up TO those Of last year, but the
Resources OF the banks are greater, and
consequently they have more to dispose
Off Ii is well our people who have dif-
ficulties 10 contend with, should be aware
that Memphis j. no more troubled than
other places, and that the difficulties sre
not confined TO the United States. We
copied something a day or two ago
showing the troubles existing IN Bra
iii, but Canada, our near neighbcr, il
no less troubled. Commercial publiCa-
lions there say that railroads have Te-
voked orders for ties and other material;
that most articles produced in the
Dominion are neglected and do not real
liz one-half their usual price, while
wheat, their principal cereal, is one-half
the usual price. Exchange presents no
new features. Gold was llG5; cur bank
ers were Offering ll51 for gold Of full
weight. County scrip Was taken at 70,G7l
according 10 quantity; a large lot would
comma nd still higher. State notes are
quiet at S5dS7. Some Planters iusur-
ance stock was Offering st 33i. Charles.
ton railroad stock is nOmiually Z.
There was some discussion on the new
city scrip that is coming out-we made
inquiries all over Madison street, but
found no settled views as TO its value.
One broker offered to take it and psy IS
for all be could use TO pay what, without
it, must be paid in cash.
The secretary OF the treasury has made
the following decisions:
A penal duty OF 100 per cent. on omit.
ted commission charges is to be added 10
the invoice value.
Payment Of hospital dues is a condi-
ton precedent TO the entry OF document
ing OF vessels OF the United States.
Wheat being specially provided for by
name in the tariff such provision is held
by the department to include all descrip-
tions OF the article, irrespective Of the
uses for which the same may be intend.
ed.
Only one per cent. is to be retained
for the use OF the United States on the
OF all drawbacks allowed on re-
fined sugars exported on and after March
Sd last.
Paintings imported for religious socie-
ties are dutiable.
Gum ammonia is to pay duty Of
twenty per cent. sd valorem.
GOOds, the product Of a country east
Of the cape Of Good Hope, imported,
and TeimpOrted from a country
west OF said cape, are liable to discrim-
mating duty.
Cans made Of imported zinc are eH.
titled to q drawback on expectation.
LOcsl steamboat inspectors may issue
3 certificate designating the place, or
places, in steamers in which petroleum
may be carried or slowed upon routes
where there is no other practical mode
Of transporting it.
With reference to goods shipped ria
two or more bonded routes through tue
United States, the department cannot al
low such shipments TO be made under
combined entry without prior exami-
nation aud sppraisement Of the goods.
Goods in warehouse, exported and re-
sTe to be treated as new i'm
portatiOa.
Machinery for the manufacture Of jute
Or fax is not dutiable until the first IF
July next
Oil and spirits OF turpentine may be
carried on steam vessels when the same
are put up in good metaliC vessels or
casks or barrels, well and securely bou1d
with iron and slowed in q secured part
Of tie steamer, as required by law.
The invoice value is 10 be stated in the
currency Of the country where the goods
are purchased.
Appraisers will not examine goods for
at any other place than
he sppraisers's rOOms, unless for special
reasons in exceptional cases.
Cotton tsrlatans are classified at thirty
i've per cent. ad valOrem. They sTe not
10 be regarded BIZ dress goods, hut as
coming within the classification Of nett
ng, open lining, etc.
No allowance is TO be made for dam |
lge to outer coverings Of imp0TtatiOns |
TIE COTTON MARKET yesterday was
title more than a nominal affair; only |
80 bales changed hands. The kilograms /
again announced reduced prices, and 1
business was quenChed 10y the sinking \
OF the market. New York was /
&c lower, quoting l5sc against l6sc q /
week ago; Liverpool was .c lower, quot /
Dg7 9 l6d; Savannah was &c lower; /
Mobile Il lower; Galveston &c lower, /
Under this state OF things the inquiry /
vas small, and there wss not enough /
lone 10 test prices, which, therefore, re-
main unchanged The closing teiegrSms
we're 81 follows: New York steady and .
over ri l5sc; sales, 1854 b8lss. New
orleans quiet, al l5c; sales, 1900 bales;
eceIpts, 1877 bales. Liverpool heavy and
over, at 1864; Orleans, 73d; sales,
900 bales, OF which 2i00 bales were
American. Savannah, l5c; Mobile, l4lc;
yhsrleston, Isle; Galveston, .lisc; Viii
lf3c; Baltimore, Isle; Nor
ok, l5sc; Boston, l53c; Augusta, l42c.
hold at New York, three o'clock, 1i63.
ne following are the official quotations
( the cotton exchange.
~. al