Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-07-11
FINANCIAL AND COMMERCIAL.
PUBLIC LEDegR 0FPIcE, |
MEMPHIS. TENN, July IL, 1870. !

light and transactions limited. The rates al
the banks continue Mt 10 to IL per cent, and
street rates are from to ~ per cent. per
month. In local stocks and bonds there is
very little doing. County warrants are Of
fered by dealers at 70, while those purchasing
would not give over 20. City scrip is quiet at
70. Tennessee money is quiet, with moder-
ate demand at 20; dealers. however. refuse to
dispose of even small lots at less than Y. The
demand for exchange continues fair; the sell
ing rate being 4 premium. and the purchas-
ing rate by dealers, par. In one or two in
stances this morning 1-l6 premium was paid
to meet immediate wants. Government Sc
curities are quiet without demand or transac-
tons. The opening rates in New York were
q lower throughout the list than the closing
rates of Saturday. owing to the prospects Of
war in Europe and the decline in London.
In the latter market 5-20s Of 1862 closed Satur-
day night at 1913, while the opening rate this
morning was 8615. A similar decline is noted
throughout the list. Gold is inactive. Deal
ers are paying liz for small lots. and purchase
sparingly. The closing rate Saturday at New
York was ll2sl. The position taken by France
in the matter Of the occupancy of the Spanish
throne by Leopold, and the warlike prepara-
tons, have the effect to strengthen the feeling
in New York, in consequence of which the
opening rate to-day was lis, an advance of
"a over the closing rates Of Saturday. The
rite, however. gradually dropped after the
opening TO 1141s. at which it is quoted at this
writing. The weekly New York Bank State
ment for the week ending Saturday was I'M
favorable, owing to a heavy decrease in legal
tenders. The banks, however, were really
stronger. the increase in loans being 81, 2S6, :
9A; increase in specie. 81, l23, l0I; increase in
circulation, 1892; increase in deposits,
s642,O iO, and the decrease in legal tenders,
3.466, 2si.
The market opened to-day as ii closed on
Saturday-without n market. The Spanish
troubles have moved sellers to some extent,
causing number of them to take to the street
for offers, but there they find no purchasers at
any rates. As far as we were able to learn
not bale of any description had changed
hands up to noon, buyers keeping entirely out
Of the market. One seller was noticed by us
with samples Of q small lot Of good ordinary,
which he offered at l5o, but did not ind q puF-
chaser. The New York market opened quiet
at 2Oc for middlings, but subsequently declined
to lV74c, at which price it was quoted at II rs.
The Liverpool market opened to-day de-
pressed 91z@93sd for uplands. and 914@95Sd
for 0rleans-the outside being the closing
quotations of Saturday. A later dispatch
quotes that market nominal and unchanged,
STATEMENT,
CHAMBEa OF COMMERCE.,
MEMPHIS. July IL, 1870.
Stock on hand Sept. /, ls69....... "a
Received t0-day....................,.. Isl
Previously ... ..................zoo,fo 100 zoo,Voi
2s6, 1853
Shipped to- ay...-......-.-...... 100
Previously ....'.... ..............-2'o,2l ~ kh
Stock on hand. 9.722
Imports: NJ. and G. r. R., 40 bales; NJ. and
I. X. r.. IL bales; M. and o. X. R., 80; steam
ers, Is bales; estimated per wagons. 10 bales.
Total, Isl bales.
: Exports NJ. and C. R. R.. II bales; NJ. and
o. r. r., 430 bales; steamers north, 343 bales.
Total, $50 bales. -
TRADE,
There Is very little to notice in the way Of
improvement in the general trade Of the city.
In the dry goods line prices have declined a
trine. Boots and shoes are unchanged. Gro
eeries continue quiet and firm at prices given
below. Provisions are quiet but firm. The
demand from the country is light, planters
being engaged WORKING their cotton. We an
ticipate, however, should the threatening at
titude assumed by France be maintained. and
Spain insist on placing the crown on the head
of Leopold, an advance in almost every arti-
Gle of consumption will take place in this
country. and, as has been the case before,
spectators will obtain possession Of the lead
ing articles, compelling consumers TO pay fab
ulous prices for the same. We would therefore
advise our country friends to supply them
selves in time. Our dispatches n another
column will give the latest foreign news and
market quotations.
BprIER-qgIl, good quality scarce; prices
range from is to DC.
Observation-Disclosures Kentucky, 81 to a2c.
with a limited demand,
CORH MEAI-The demand Is active. at 81 80
TO from store.
CaEEsR-W estern Reserve. English and Fac
tory, l6 to l9c.
CoFrEE-In moderate demand, with steady
prices. Rio. ~ to BE; Java, p to Soc.
CoTTON SEED-MoTEs-COtton seed, at the
leyee, sells at So so; NOTES, to &c per ",
EeasI,Retail at 25ei wholesale, % to 22ci
aepand active, m,
flDpsI.lhe mhrket y eImi uut auiet, l9e
s. %; NN, S. 10 s b fancy grades, 81 80 to 9.
FERp-There Is moderate demand, with
iaiI receipts, Sorn Huies sop1 ~ yenos anu
quiet at 55 TO Coo. No, TO choice. Bran, SIG
to p; Hay quiet, ~ to q.
dried apples, 70 &c; dried peaches, TO &c.
SuNNlks-G3od NO; seeonds' "a 20 be-
ReboilsJ 0rIssns RI 10 g cents. Fsstsrp r sy.
rup, s. to soc.
a =. k.,l.a Il Al 20 4 AZ b. iord a an A.. 1 m.
90. ooiled, ~ " 70 ~ laro, 81 " 70 oOi
- ~ ~ , 49, ~ hsfLeS e A. q
IOlLIkl-- Viu chichehs' y W % young,