Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-12-15
FINANCIAL AND COMMERCIAL.
PUBLIC LEDGER OFFICE, /
MEMPHIS. TENN.. December Is, 1870, (

PUBLIC LEDGER OFPICE,
| MEMPHIS. TEsS.. December Is. 1870.
There is little change to report in the
general market to-day Business, how
ever, is somewhat more active than on
yesterday. An unusual activity is no
ticeable ON Front street this morning,
and appearances indicate an improve
ment in all branches of trade. Bagging
is firmer, with better demand. Cotton
seed is in fair request at 50 per ton.
Corn meal is inactive at 50 Is on the
levee. The movement in -four is light
and prices are unchanged. Feed is quiet
but stronger; the receipts to-day, how
ever, will have the effect to weaken prices
triae, Oats sell at SOC. Corn at 66c.
Bran is steady at $2l to22. Hay, $22 to
"a per ton, according to quality. Pro
visions are quiet and prices generally
unchanged; prices from store to-day are
Mess pork per barrel, 800 so to q 90;
dry sailed pork, clear sides, III to ll9c;
clear rib sides, l02 TO lie; shoulders, s
to Sic. Bacon, clear sides, 10 to Ice;
sugar cured hams, 10 to zoe; breakfast
bacon, II to lsc
In their circular of the 10th, Geo. W,
Phillips, Jr., & Co., give the following
review of the Chicago provision market:
A fairly active business has been trans
acted IN the provision market during the
week, but lower prices have been reached
than at any previous time this season.
The receipt of hogs were somewhat lar
ger, but prices have been fairly main
tanned under the combined operations of
packers and shippers. Mess pork was
not very active, and sales for future were
largely in settlement. Prime mess is
very scarce, owing to the difficulty in OBJ
tanning light hogs from which to make
it. Meats of all kinds have been in good
request, chiefly for shipment South and
to Europe. Packers have not been quite
so anxious to sell, and now prefer to
allow some little accumulation of stocks.
The receipts of hogs for the week ending
last night were 6S,5Sl The receipts for
the same week last year were 1851.
The amount of pork sold " short to
date is $4,000 barrels against 10000
barrels same time last year. The
amount of lard sold short Ito date is
40, 900 ties, against $3.50 ties to same time
last year. Mess pork sold early in the
week at SIS 70 cash, declined to $lS 80,
and was offered at one time at SIS %,
but no sales were reported at that figure.
At the close the market was a shade
iirmer again, and steady at SIS 62s.
Prime mess scarce and prices higher,
with sales at $l9 cash and seller Qeoem-
her Clear pork is quotable at $40 so
to $50 10. Extra prime is nominal at
$l4 to $l4 so. Rumps are quotable at
$l5 to $l5 so. Lard has been very ac-
tive, especially for future delivery; but
prices have declined fc. Early sales
were reported at II I to llse, declined to
III to llsc, and closed dull at llsc.
Sweet picked hams steady at IL to l2c.
Meats in salt 10 to % days in good re-
quest, and firm at CT to 6sc; shoulders,
81 to &c; rough sides, 81 to see; short
ribs and short clear, 81 TO l0c. Boxed
meats have also been in good demand,
and are firmly held, especially those
manufactured for the English market.
Quotations range at 64 to &c for should
ers, 9lc for rough sides, 81 to lOc for
short ribs, 100 to l0lc for short clear,
% to l0c for long clear, and 9tc for
Cumberlands. Pig tongues are quotable
at &c EACH packed in sweet pickle Beet
hams steady at S2S to $29.
MONEY.
There is very little Of interest to notice
in financial matters to-day, and no
change of importance since our report
of yesterday. Exchange is offering in
more liberal quantities, and rates range
from } to &c discount on Eastern points,
and Ic off on New Orleans; checking
rates are par to &c discount. The de-
mand for accommodations at the banks
is decreasing, and but few short-date
notes are to be found upon the street.
The banks are, as usual, supplying Gus
toners with funds necessary for imme-
date wants at 3 to IL per cent. per
annum, and street rates are from 4 to 2
Der cent. per month-the latter being the
extreme rate paid. Local securities are
quiet and without change. Gold is
bought at ITO; the opening New York
rate was llOs, and closing rate at noon
luOf. Government securities opened IT.
regular and a shade lower Sterling ex-
change was frmer, and opened at 1925
to 10.
COTTON
The demand to-day is fair and prices
we'll sustained, though shade easier.
Notwithstanding a further decline OF &c
| in the New York market, sellers we're as
a general rule not disposed to make con
SESSIONS, and buyers rather Indifferent
owing to which fact the sales Of the
morning did not exceed 100 bales
lsIc was the - asked for tables Of
evenr-unning midalings, &c less being
offered Sales Of small lots were made
AT a less figure; among them We notice
30 bales at lSic, 50 bales at l3ic, l5'
bales middling and low middling at 1876
cor the former and lsle for the latter