Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-11-07
FINANCIAL AND COMMERCIAL,
PuBLic LEDGER 0FFIcE, I
MEMPHIS, TENN. November 7. 1870. !
MONEY!

DahhciS hV1 uSSouhhhB very TeciJ w
any except regular customers, whom
they are supplying at the usual rates.
There Is no change to nPie in local scrips
or securities. Cotton bills are taken on
New York at ic discount, and on points
in New England at &c discount at nearly
all Of our banks. but oneinstitution con-
tinues to take all bills on New York,
Boston, Providence, Philadelphia, etc.,
at Ic discount all around. The demand
is large for the past day or two, and the
checking rate is generally par, but excep-
tons are made at 81 par $1,000 discount.
Gold is taken at 1909 by dealers. The
opening rate at New York was llO1 and
the closing rate at noon 1l0s. Govern
ments opened quiet but frmer
COTTON.
The market to-day is quiet, and prices
lower, owing to the reported failure Of
the srmistice agreed upon, Or said to
have been agreed upon. between Prus-
STA and France. Buyers are holding off
as a general thing for further advices,
while holders we're willing to sell. The
sales up to noon comprise about 300
bales, being chiefly Of the better grades,
and at. a basis Of l4ic for low middling,
and l5c for middling, fully &c decline
since the closing on Saturday. The
New York market opened quiet at lie
for middling, and subsequently
was reported dull at l6sc, with
sales on the spot 1000 bales, and
sales for future delivery much smaller
than those of Saturday. The dispatches
also stated that the European news had a
depressing effect on the market
The report of the Statistical Commit
tee of the National Association of Cotton
Manufacturers and Planters, has been
published for the year ending October !,
1870. The returns .are based upon re-
ports Of over SO per cent. Of the cotton
spinning power of the country, and show
1888 mills North and l09 mills South,
consuming in 1869 total of S64, 254
bales of cotton against 88l $50 bales Of
cotton. These estimates include the
consumption of cotton for other pur-
poses, and exhibit a fair increase in the
home consumption.
From the New Orleans Price Current
The weather has been clear and pleas
ant, and if it be of the same character in
the country, must have a material inhu-
ence in enabling planters to save the
open cotton. As a general thing, the
accounts from the uplands indicate a
less fruitful crop than last year, but with
the bottom and the river lands the yield
is exuberant, and apparently beyond the
ability of the labor force to save The
crop question essentially depends upon
the weather for this and the next month.
If it continue fine until JanuaFy-that
is, for the next sixty days-the time af-
forded for picking will offset the deplo-
rable inetiiencY of the negro laborers.
Favorable weather for the present month
will not suffice, as it would have done
before the war. Unless the picking sea-
son be continued until January, the
amount gathered will be much short of
the actual growth, and in this event we
cannot reasonably look for any increase
at this port. With regard to the laborers,
the complaints from planters are more
bitter than at any time this season. I'll
middling cotton would rise to zoe, the
prospect Of fair supply of labor would
be less diseonraging, but the ruling rates
discourage freedmen from working where
they have engaged on shares and re-
ceived liberal advances.
TRADE.
The general market shows but little |
change since our last weekly review,
Provisions are scarce and frmer, with a
slight advance in prices. Flour is in
moderate request, with an ample supply. |
Grain and feed of all kinds are firmer
Corn and oats have advanced trihe and |
are in good request. Groceries are quiet
and generally unchanged. Dry goods
hardware and the boot and shoe trade |
have been fairly active daring the week,
and are without any noticeable change |
in prices. The appended table gives the |
opening quotations of the general mar
ket this morning:
BUTTER-Choi!e cquiet at 81 to 33c, with fair
supply; common to good Is to 2Sc.
BAGGING AND T1Es-Quiet; Kentucky Bag
cling, 2Sia to 3ll2c, with moderate demand
Flax, ~ to 3Oe; Iron Ties, to &c;
BEANs-Are quiet at 81 so TO 3 90 per bushel
for new mixed white and navy.
Corn MEAL-Quiet; choice kiln dried, So 60
to 3 Is from store; s. so to 60 from levee in
lots.
CHEEsF-Western Reserve, English and Fac
tory, l4j4 to Ice.
CoFFEE-Quiet and steady; Rio, IS to BE
Java, 25 to &c.
Corr0S slasD-MorEs1 Cotton seed. at the
delivered at mills. sll notes, to 4cper n
; good supply. NV
FLoUR-The market is quiet and firm. with
2 go, ana fancy. 81 o. @ 30. - ~ -
FEED-All kinds in light supply; old yellow ,
GoT" On Is p 10 20 Se
quality and condition. Oats are steady AZ to
Se; Bran is firm at $50 to 81. Hay is firm
md in moderate request at S2l. Cotton
reed meal, SD per ton at mills.
FRUlrs-Good to chgice apples, 81 50 to 6 per
,hl eemmGR q good, 81 so 8. Lemons. Sli
o l2 per box. Grapes, ID to lSc per ID. Layer
aislns,, 81 30; cranborries, slS to 10 per Dbl. s
FisH-Whie fish, 81 to per half Dbl; Roe |
herring, IS to 50; mackerel, No. /, Si2 TO
= so; No. 2, IS to 80, per kit No. /, 50 10 to i
o 50; No. 2, 81 IS; No. 3, 81 60; sardines, :,
,er case. So to p so. Y
GUSEEs-Good No. seconds firm at Is to G
&c; burlaps. II to l5c.
HIDES AND TAILOw-In fair demand at full
,rices; dry flint, II TO lsc; do. sailed. lie;
reen salted, 50 to 91ge; green. &c. Tallow,
to Sc; grease, 6 20 &c. Sheep pelts. SOC 10 81; O
lee eer skins, Is to 1901 mink, go to ST. coon.
LkArHER-Hemlock sole. 80 to S5c; oak sole,
2 TO 46e; saddle, 40 to 43c; brides, s4s to 69 d
er doz; uppers, 40 to soc; calfskins, French, Il
Is to 20; American do, $50 to 50.
LIVE STOCK-Weak and stock large; No. | II
exas beeres. $40 to As; No. 2, $50 to IS; mich 4.
ows, $40 TO 60; sheep dull at 81 50 to A; hogs,
to &c; good wOrk-hOrses and mules at silsl
D 800; No. ! mules. S200 10 $50; saddle and
arness horses, SIPS to 200. 2
MoLAssEs-Reboiled Orleans. so to soc; Eas- =
srn syrup, 75c TO 81 Is. v
NALs-firm at 81 60 to AS.
0Ils1Quiet and steady; coal, % to pc; lin
eed, raw, 81 10. boiled, 81 IS; lard 81 so; q
75c; crude cotton seed oil, 50 70 l.
&c; turpentile, 90 to 6lc, Il
FQLLTBY-ChickenS, S. SO TO 4 so per dozen: N
ucks So TO ZOO turkeys, SIP to IS. n
PRoDUcE-Potatoes, dull at 81 rs to 3 per
ariel; sweet do, 60 to zoe per bushel. Onions a.
re steady at So to 3 3 per Dbl. Cabbage, 81 to y
per crate. Turnips. zoe per bushel. a
PROvIsIOSs-The market is irregular. with
ia 81 10 a