Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-03-14
FINANCIAL AND COMMERCIAL.

CoTroS.-Sales Of Saturday amounted to s6l
bales at a possible slight decline in some in,
stances. Low middlings were not as firm a,
bright, for which dc was the price demanded
and zoe was the best offered. Actual sale.
we're Middlings. l9ssG2Oc; low middling, Isl,
@l91zc good ordinary, l71z@lsc; i-ss,rior and
low ordinary. 9@l4c. The receipts here to
date, over last year. II ,536 bales. Att O'Clock
to-day there was an improved feeling in the
cotton market. Good ordinary may be quoted
atlse; low middlings, 19c middling, 2O@2O19c
strict middlings, Die.
MONEY. - There is little demand for ex-
chnnge-selling at &c premium. Tennessee
money is very dull, at y to 74c. City scrip, "a
to re; same for County warrants. Our special
kilograms tell of the gold market.
A LITTLE TAsK.-The rules of business and
those governing rates of charges as established
here by mercantile usage. need revision
I Warehousemcn would suggest changes in the
present code. established two years ago. and
the committee to which the task Of revising
these mercantile laws was committed, should
discharge tho duty assigned, Messrs. STRAIT
ton, Toof. Harrington and others. will be ex-
pected TO report full reformed system of
rules and rates. when the merchants meet on
the last Monday Of the month. Suits are de-
termined constantly by these rules, and great
precision and perfect accuracy and justice in
their provisions are required.
An INTENDING CALAMITY, There has been
not little interest excited recently among
merchants and property holders, because Of
efforts made by Governors Alcorn and Clayton
to create two cities; one in Clayton's. the other
in Alcorn's kingdom. Clayton win cause the
railroad system Of Arkansas, aud Aleorn that
Of Mississippi, 20 converge at the same point
Helena. The newspapers Of the two States
are full Of the grand conception. and Clayton
and Alcorn are lauded as great public benefac-
tors even by journalists most violent in parti-
san hostility to the two men, No city in
America was ever enriched by roads running
TO or from the East. Such highways rather
drain the country near their western termini.
and enrich cities IN the East Some one has
said that the sun Of Memphis glory rises in
the west, and so true Is this that every intel
ligent citizen eonfesses that unless Memphis
seine and draw hiiher the Southern end Of the /
Kansas City road. the boundless wealth Of that
new Northwest. west Of Missouri. viii be /
drawn through Helena to the Gulf. The sole
security Of Memphis consists in our eastern |
roads. e wnich Western railway builasFs /
would have access, BIT sVFsess Governor
Aleorn tells chs Psople Of Kansas City to 20 to
Helena. and that he win meet them there with
iron ways extending to the Atlantic and Gulf.
why may not bis and ClaytOn's purposes be
And Why not the Wbola wealth Of
he West concentrated al Helena. Instead Of
Nemlhisl AID way viii not the mas Of cur
IrAdesmen sS:hither. and why may not Helena
be aggrandizsd. a. this city must become in
SIGNIFICANT If Aleorn's and clayton's plapt be
'ohievedl AlooTn has genius az4 isuss. His
government vii esnmana money. and Clay
IN has restored. By some means. the credit of
Arkansas. II is tine that this eity's govern-