Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1866-03-17
having no confidence in the present state Of
sRETIEW OF THE WEEK


CoTToE.-On tho day VIC closed our last
weekly review there had been considerable
activity, not less than 1900 bales of cotton
having changed hands, but this was put an end
to in the evening By the arrival of news Of "a
decline in Liverpool. while gold had fallen IN
New York to 3l3<. and cotton was nominal at
42c. Since then the market has been gloomy
and depressed, the long sustained confidence o.
buyers has disappeared and the prices have
been lower than at any former period since the
opening Of the season. In speaking Of prices,
let it be kept in mind that We mean the nomi-
nal price. not the actual value received in
payment for cotton. Cotton at 80 cents when it
takes 81 4S to buy gold dollar, and cotton at
| 30 cents when 81 30 will buy the same coin. are
both Cotton at 90 cents; but the amount of value
received for the cotton is evidently greater in
the latter case than in the former. Unless this
fact il constantly remembered, there will be
continual errors in estimating prices.
On FRIDAY, no dispatches arriving, the mar
kct was left under the depressing Influence of
the news Of the preceding evening. and buyers
having bought freely the day before, scarcely
any sales were made. Mddling 33934c.
100 bales Of cotton changed hands. Middling
nominal at 32GS5c 80 ~ ,
closing quotation of Saturday evening rs. a
basis-40 cents. This was slender start for
the week. and nothing that eould be called a
market existed. In the afternoon the dispatches
brought tidings of an advance OF I'D in Liver
pool. while the New YORK nominal qnotati1n
two advances infused some spirit in the market,
which closed with an upward tendency. Mid
ding 3lg32c.
TUESDAY, the lines not working, there was no
news of the effect the two advances had upon
| the New York market, and little was done, the
afternoon dispatches being waited for, When
they came il was only TO tell that all the in
huenee of the Liverpool advance was gone !.
cotton was again down to 40 cents, while gold
had dropped to 2glz This stopped all DISPOSE
ton TO operate and The market closed extremely
gloomy. Middling 3l@32c;.
| WEDNESDAY,, a better feeling prevailed. and
| the news from New York showed some improve
ment. gold 81, cotton 4lc. Although the
| market was by no means an active one, more
| cotton was sold than on any other day since
| Thursday last. and prices advanced one cent.
| Middling 32gS3c low cotton being principally
| taken and being relatively higher than the
| superior grades. Low Middling 2e@3lc; Strict
Middling 34c; Good Middling 35c.
| THURSDAY, Liverpool news confrmatOry of
/ the I'D advance there strengthened the many.
| and some business was done at an advance of
one cent. lot OF IL bales middling brought
!
This shows Improvement, and the market closed
very firm. Middling SS@s4c.
Ordinary. Midding .........-3394
| Good Ordinary 5000 Strict Middling~-@35
Low Middling- ...3l932 Good Middling. ..36@-
Receipts during the week by river 72l bales
! against Ill bales last week. Shipments 2}59
! bales, against 1858 bales last week. Receipts Of
4 cotton during the month Of February were: By
the river 1852 bales, against Al bales in Janu-
airy; by the Charleston railroad 5575 bales.
1 apaiugt 210D in he the 0hi0 rQilroal
2st3 bales. against 3476 bales in January by the
| Mississinpi railroad 1890 bales, against 2izl
bales in January. Total February receipts by
river and railroad 1890 bales. Stock Feb y.
32.l56 bales. The following are the monthly
shipments of the season Sept, 1850 bales;
! Oct, 2s,S2l Nov. 1882; Dec, 22.723; jan.
| ALB; Feb bob. Total, IA. 335 bales.
General Market.
The stagnation of the cotton market and the
| confusion caused by the rapid decline in gold.
| have not failed TO affect our general market
! during the week. The weather has been wet,
the roads. streets and landing in bad order, and
the consequence has been dull time. The
course Of gold and changes in first markets, have
also affected prices TO a considerable extent,
and there is general downward tendency.
Many articles are pressed on the market in
large supply, and frequently heavy concessions
are submitted TO to secure sales all this has
caused considerable irregularity, and we have
had in many cases quito difficulty in
arrivi at quotations. Those we aim to base
upon actual sales Of good merchantable articles
BAGGING AND ROPE Quotations little
better than nominal, nothing doing
BUTTER.-Good Roll very scarce. We adj
vance quotations.
POULTRY Chickens in over supply with
moderate demand, prices lower. Turkeys in
fair inquiry at unchanged rates. Ducks sGG7.
Gee.e duh ut Sog9.
C0FFEE,-We quote Rio 70 lower.
EGGS.-In good supply and lower with down.
DRIEb FRUIT Apples are in much
smaller supply than peaches and bring the same
price.
APPLES and fine are firm at $40.
FEED -Less active. Corn pretty steady at
7s9s3c Soc is the ruling price. Hay firm and
something better at the same quotations. Oats
lower without any activity, Bran scarce with
small demand.
FLOUR.-Ofers are plentiful with irregular
askings. We give rates as near as we can ascer-
tain but prices are weak and uncertain.
HOMINY Lower and very irregular. We
have seen inferior offered at S..
LARD.-in moderate demand and lower.
M0LASSES.-W reduce quotations.
1 PROVISIONS.-We make some slightredue-
ton in bacon and hams. Bulk pork is lower
all round with brisk business doing.
T0BACCO.-Has participated in the dizziness
Of the week; prices firm and unchanged, and
looking up. The Richmond Price Current Of
March Sd says good leaf has been increasingly
active; prices firm and unchanged offerings
liberal. and good attendance at sales. The
market for manufactured brisk and encour-
aging; prices unchanged with an upward ten
denvy. In Louisville there has been an advance
VEGETABLES. Potatoes of all kinds more
plentiful and lower, with downward tendency.
and has been sold as high as $50 per 100. Al
other kinds Of vegetables scarce and in demand.
Turnips S4q5. Beets S.. Good Onions are
becoming scarce with an upward tendency.