Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-07-25
FINANCIAL AND COMMERCIAL.
PUBLIC LEDGER OFFICE.
MEMPHIS, TENN, July 25. 1870.

MONEY.
There is no change in financial mat
tiers since Saturday. Money is scarce
and in demand. Street rates are about
the same as quoted in our last issue, with
larger transactions than those of Satur-
day. Banks continue to supply regular
customers in limited quantities at the
usual rates. Exchange is scarce, with
but small inquiry. Scrips and war
rants are dull; 60c is about the best offer
for city scrips and county warrants by
dealers. The selling rates for the former
is 65c and the latter 66 to 69c. Tennes-
see money is quiet and inactive, with no
change in prices. There is little or no
demand for stocks and bonds. Govern
ment securities are uncalled for here.
New York dispatches quote them as
opening with slight advance and a
moderate demand. Sterling is quoted
active at 81. Gold opened in New York
at ll93 and advanced to 1905 Dealers
here would give ll9 for round lots, while
ll9 is the best offer for small lots.
COTTON.
The market opened firm to-day, with
renewed disposition on the part of some
buyers to purchase, but holders views
we're too high, in consequence of which
the sales this morning were light, scarce
ly reaching 40 bales, including Is bales
of good ordinary early in the day at Ice,
and few small lots of middling at Isle
Choice grades are becoming scarce, and
cannot be purchased to-day at the clos
ing rates of Saturday. One dealer Of
fered Isle this morning for choice lot
of 100 bales middling but could not Sc
cure it at that price Other buyers offer
Is to Isle, but find no sellers. The New
York market opened quiet at the closing
rates of Saturday. The Liverpool mar
ket opened steady, with sales of the day
estimated at 10000 bales at sgd for up
lands and sgd for orleans. The New Or
leans Times, referring to the discrep-
ances between private and public cable
kilograms, says;
We mentioned last evening that there
was remarkable discrepancy yesterday
between the private and and the public
dispatches from Liverpool, the former
quoting middling orleans at S4d-some
as low as 81 to l4d-and the latter at 95d,
and said that the only explanation sug-
gested was that the public dispatches
gave the nominal rates, furnished as the
regular quotations, while the private tel
egrams gave the figures at which sales
could be actually effected.
CHAMBER OF COMMERCE, /
MEMPHIS. July 25, 1870.
Stock on hand Sept. l, 1S69-...... 81
Received to-day.....................-.. ~ 49, -,
Previously zo''oil
2S7.7O5
Shipped at "a, o--
Stuck on band....................... 900
Imports: NJ. and C. r. R.. % bales; NJ. and
T. X. r., bales; NJ. and o. X. r., 4; steam
ors, 66 bales; estimated per wagons, Q bales.
Total, 80 bales.
Exports: NJ. ana =. N. hs - puler ". anu
o. X. r.. IA bales; steamers north, 10 bales.
Total. Sli bales.
TRADE. Il.
The excitement in regard to European
affairs continues unabated, and in conse-
quence prices on nearly all classes of
miscellaneous merchandise are unsettled.
Business in the general market continues
quiet. with moderate consumptive de-
mand. In Northern and Eastern cities
spectators, anticipating a long war,
have invested largely in bteadstufs and
provisions, Notwithstanding that the
foreign demand has been comparatively
light, excepting from France, where it is
said the wheat crop viii not yield over
one-half the usual amount, owing to the
continued drouth, French agents are now
in this country quietly purchasing for tina,
market. In referring to the speculative
feeling, excited by the war, a reeentissne
of the Chicago Times says:
In grain circles it has had the effect Of
reviving and maintaining an active spec