Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-03-15
FINANCIAL AND COMMERCIAL.


CoTToS. = Twenty-Five hundred and fft,
bales sold here yesterday. Low ordinary t.
strict ordinary, 13@17; ordinary, 171z@ls14
good ordinary to low middling, 19@l91z; mid
lings, 20g201a strict middlings, 201a@2l. Lit
tie has been done this morning, but the mar
ket, especially for the grades, has stiffeneG
considerably. Stained ordinary sold at l4@15
stained good ordinary, 16@l615 good ordinary
to strict, l714@1s12; low middlings, 10; mid
dlings, 20; strict middlings. 81. We could only
hear Of sales this morning of 300 bales at rates
above quoted.
MONEY. Tennessee money is dull, like City
scrip and County warrants. The people begin
to fear Beast Buffers reconstruction reddvi-
vus, and local securities of all sorts, like real
/ estate, lose value. Tennessee money is little
sought after; City scrip less, and both have
been bought at "a to 70. County warrants
would be worth more, but people imagine that
if Beast Buffers bill be enacted. the county
will again fall into the clutches of Shaw and
Barbour Lewis old court, and warrants will
be plentiful as blackberries. Local brokers
and bankers are governed BY New York quo
tations of gold, as shown by the LEDGER spe-
oial dispatches, Somebody in New York is
manipulating, very successfully, Memphis city
bonds. The bulls are having their own way
with them. We wonder which of our banks
is at the bottom ofthis movement, and whether
there hasn't been an East Tennesseean for
three or four days "a s,o5555ing around" in Wall
street? 1t is time that the ring that gobbed
the million and a half of city bonds last issued
we're palming them off on somebody. Memphis
6s steadily advance when our financial con-
dition grows steadily worse, and Butler threa-
tens US with Stokes and Brownlow. II 4 not
strange that the scrin and bond ring wish to
get from under, and that they are bulling the
bond and scrip market,
ToRAoao.-if there be any spirit of enter
prise left in this city. Memphis will surely fur
nish one bidder or more for the contract to
supply Louis Napoleon and his Government
nd people with tobacco. He wants IL. 600
hogsheads Maryland and Ohio; 5000 hogsheads
Kentucky; S4OO hogsheads Virginia tobacco.
There was a sort OF Tobacco Exchange organ
lied not long ago in Memphis, and it was pro-
posed to reproduce the trade in that staple
which had existence in 1s59-60, but Of late we
have heard nothing Of it. Suppose the to-
bacco dealers meet and make up a bid and
transmit il to his Imperial Majesty of France.
II can do no harm, and may prove profitable
PoLITIes AND RIAL EsrArE.--If Stokes and
Brute Butler achieve their purposes. and re-
subject Tennessee to the hell-born scheme of
reconstruction. property values in this city
will be lessened at once fifty per cent; trade
will languish; the recently rekindled spirit of
progress and enterprise would be wholly ex-
tinguished, and no sooner would Barbour
Lewis and his sooty minions be seen astride of
the rafting bones of the starved and plum
dered county than population would again HE
away to abodes Of civilization and of decent
government and institutions, We should not
fprget that these seoundrels who dwell here in
our midst nhanged-absolutely unhanged,
though their crimes are numberless as beyond
the reach Of pardon-these men. seen every
day lodging into unfrequented Offices and
button holing kidney-footed voters, will be
responsible for every outrage done by
Congress. In fact, Grant and few
honest men in the capital may absolutely
give credenee to the infamous batch
of unmixed lies recently retailed by Stokes
and Maynara's agents In Washington. By
these colored people. black as the neither OK
tremity Of midnight, stories were told. blaeker /
than themselves, Of crimes blaeker and fouler I
than the purposes Of him who first conceived I
the CHASTITY. hldeous purpose Of subjectine /
these States to the intolerable domination Of
black savages. These shameless liars. per-
iured as Butler and false as hell or Stokes. tell
the President and country that neither Union
ists, nor Radicals, nor negroes can live safely
in Tennessee; and yet, even here, mOnu-
Inent 70 human merey--the grandest mercy
and most misshapen monpment=-here. even
here, SAFE. sound. eating peck Of potatoes at
zach meal. stands Barbour Lewis. whose very
existence proelaims the falsehood Of every
word on this subject Of reeonstructing Tennes-
zee which has fallen from Rniler's lips OF
Elided from the fl,hy ben Of BroEnlow. And
D ths purposes Of these Radical fends Be
achieved, let us never forget what a debt We
I'VE 70 Barbour and his swect-soented associ-
ties. The process Of reconstruction renewed,