Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-07-11

CooN@>'-'-s'-'''''-''''''l
Gold in New York closed at 1l1E;
same time last year, ll5B.
The FINANCIAL POSITION has under
gone no change during the week, unless
it may be that there is slight increase
in the demand for loans. Exchange re-
mains in small supply and demand at
unchanged figures; buying on New
York at par, selling at premium; buy
ing on New Orleans at discount, sell
ing at par. The New York Herald re-
ports: 1.-THE following are the rates Of
| exchange on New York at the under.
| mentioned cities: Savsanah,4 premium;
Charleston, selling, 3 Is; buying, t; Gin
cinnati, quiet, so premium; New Or
leans, commercial, / bank, 8; Chicago,
soc premium, and ut. Louis, 25050o
premium" The Chicago Times, OF
Saturday, says: "Choice paper is scarce,
aud the daily clearings of the associa ed
banks are considerably under an average
figure. Though, perhaps, no worse than
might be expected, the situation is al
ready unsatisfactory, and, as the chances
are unfavOrable for any activity in the
near future, the complaints OF the banks
are likely to grow louder and more gen.
eTal as the season advances, Money
continues remarkably plenty and easy
at about 6@7 per cent. The ct. Louis
Globe says of the failure of the
Central savings bank there: "The bank
had only small capital, but large de-
post line. 1t loaned out large sums of
money on securities" A dispatch in
the New York Post, dated London, July
z, quotes silver at AID; at the beginning
OF 1878, it was within fraction OF GOD;
Z. I,
in New York on Friday. The Cjnciu-
natl Enquirer says: "The folly of issu-
ing silver to redeem the fractional cur
rency OF the government is daily becom-
ing more apparent, and il will eventual
~ result in heavy loss to the people
who hold it." Everybody wants the
silver money in spite Of the Enquirer,
and they ask what an ounce Of green
backs will break up and cell for? Gold
was down in Wall street yesterday, quot
ing Ill3; here brokers offered Ill. There
was nothing doing in scrips, which re-
main unchanged, or stocks or bonds
worthy of mention; quotations are mere
nominal figures, and We omi. them ex-
cept for s,rips:
Btptns. Selling.
Memphis tax scrip 6lG62
Memphis tax scrip, :Sog8 6S9S
Arkansas State scrip .................55a57 60g62
THE PRODUCT MARKET was very dull
yesterday, little WAS offering, and offer
| ings were generally such as to dishesrten
holders. The st. Louis Republican, Of
| Saturday, reports light receipts of flour;
good style mediums, including from
| 81 2595 25, were in some demand and
| rather circumscribed supply, and holders
| ka91f AEYlI
| Wheat was in low receipt, rates irregu-
| lar; August let down from 81 26 at the
| opening to 81 241 at the close. Corn
was slow except for rejected, and lower
| for cash and future, No. 2 August, 44sc.
Oats in light receipt, little doing, 800
| 29Sc. Provisions firm. Chicago tels-
grams, received by Huls & Co., report
| opening and ii o'clock as follows: Re.
ceived $1,000 bushels wheat, August
opening at l0ls, at IL o'clock I0l; corn
received Us, 600 bushels, opened al 46lc,
| ii o'clock 46sc. Hog products were
| steady in this market with q good de-
mand; at Chicago, by the above tele-
gram, received q, 600 head; pork opened
! at SIG 72}, at IL o'clock $40 572; lard
opened at 1OO071, then 1871; clear rib,
10 40 Corn was offering at sic and at
52c, but sec was the best bid that could
be obtained; 200 sacks and q carload
were seeking buyers. Oats were in no
inquiry, mixed Offering at 40c. Bran
was weak, sales of 40 sacks at Sl2 IS, 50
and 100 sacks at Sl3; dropping and weak.
Hayis almost without transactions; some
old prairie has sold at 81 so, new prairie
at IS SO. Wheat was in small arrival
sale Of 80 bushels Alabama wheat, smut
ted, at 81. COrnDleGI quiet, smaller
stock; 81 35@2 40 P0tatOes-none ar.
irving; 75c to 81 Is barrel measure Of
fered. Apples none arriving; Use to
81 so offered q barrel measure. Eggs
drag at 9@10c; in Nashville, 596c. But
ter dull; country, 15G20c; prairie, 1SG
2Ic; western, 22624c. Chickens were
in poor demand at 81 25@2 so, 81 rs fol-
some fine; choice hens, So. LiUe stool
quiet; prairie cattle, 3G943c; common Il
fair, 1492Ac; cows with calves, Sl592i
per head; veal calves, S7(aS 80 per heaC
for prairie; country fed, S496; sheep, 81
G4le; common, $lG2 per heat Ric
has been active, and the decline recov
cred at Charleston, according TO Tai
msdge's circular; broken to good, 81 +