Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-12-09
FINANCIAL AND COMMERCIAL.
PUBLIC LEDGER 0FvroE,

PUBLIC LEDGER OFFIcE,
MEMPHIS. TRIM. December 9. lS7O.J
There are no changes worthy of men
ton in the general market. Business is
somewhat dull and orders from the coun-
try limited. Bagging is steady at yes
terday's quotations, and ties unchanged.
Corn meal is sold to the trade at So Is to
3 80 per barrel at the levee. Cottonseed
is in demand at 50 per ton at the levee,
buyers furnishing sacks. Eggs are dull
at 80 to 33c. Potatoes are quiet at 81 Is
to rs per barrel Onions, 81 to 80.
Flour is quiet but firm at 81 Is to 8 so
super to fancy. Grain is quiet Oats,
SOC Corn is in limited supply, and sells
at Ga to Toe. Bran is quiet at $22 to
% so. Hay is $22 TO "a per ton. Pro-
visions are quiet, with only jobbing
demand. Mess pork is slow at $2l per
per barrel in a small way. Johbing prices
for dry sailed meats are s to Sic for
shoulders; l03 to lie for clear rib sides,
and ll9c for clear sides. Dressed hogs,
s to &c. Bacon in limited supply, but
dropping, with breakfast nominally Is to
l9c, and sugar cured hams, 81 to 2llc.
Lard dull at l3c in tierces, with kegs
scarce.
MONEY.
There is no variation in the condition
of local finances to-day. There seems
to be an active demand for accommoda-
ton at the banks, but as the supply Of
currency is rather limited none but reg
ular customers meet with favor at those
institutions. Exchange is offered liber-
ally, and generally the banks have all
they desire. hates are ! to per cent
discount on Eastern commercial bills.
Local securities are quiet, the only de-
mand being for county warrants, Ten
nessee money and city honds-6sc is the
buying and Zoe the selling rate for the
two first named, and SOC the selling rate
for the latter. Gold is purchased at
lO9l. The opening New York price was
llOE, at which rate it closed steady at
noon. Government securities opened
active and steady, and closed fraction
better, with an improved demand. Sterl-
ing exchange was steady at 100.
"A Washington telegram of the It'll
says:
The Secretary of State, in transmitting
to Congress a report ON the commercial
relations Of the United States with for
eign countries, says the majority of the
returns contain information regarding
commerce between foreign nations, and
very limited statements concerning that
between the United States and other
countries, since they are, for the most
part, confined TO cargoes carrying the
national flag; hence, scarcely any infor-
nation in relation TO foreign commerce
is furnished. 1t is contemplated to issue
additional instructions to consular of
fees, requiring them to forward TO the
State Department statements of com
merce, showing the description, amount
and value of imports and exports of each
port.
The same dispatch says:
An important decision in respect to
the bonds given to the Government,
under the Internal Revenue laws, was
delivered in the Supreme Court yester-
day. A suit was brought on a distiller's
bond which, instead Of conforming to the
form of the statute, provided generally
that obligations would conform to all
present and future laws respecting dis
filling. Ii was eontended the bond was
void for not complying with the statute
il was decided that the bond was legal,
valid and binding. This renders valid a
number Of similar bonds which have
been in suit in different parts Of the
country, and which many circuit judges
have declared void.
COTTON.
There is very little animation mani
tested in the market to-day, and prices
are a shade easier-owing to the unfav-
orable news from the East and Liver
poOl. Buyers were upon the market ex-
aiming tables, with q view to operating
should appearances brighten any, but
did not during the morning purchase
over 900 bales, owing to a difference of
fully to ic in their views and Of sellers.
One-third Of the amount mentioned was