Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-01-07
FINANCIAL AND COMMERCIAL.
PUBLIC LEDGER 0FYIoE, |
MKhPHTa TRHN January n. 1911. 4

PUBLIC LEDeKR 0FyIoE, /
MEMPHIS. Tenn. January 7. lSIl.J
The general market rules quiet, and shows
no material change since our last report.
Prices are shade irmet. In consequences Of
the ice blockade above, but are not materially
higher. Bagging Is quiet at 2511x to 271Sc; corn
meal Is in better supply. but unchanged; eggs
are quiet; -four is In moderate request; bran
is easier, owing to increased receipts; corn Is
in demand at SEC, and offered at $50; hay is
quiet at s22 to s24; octs. SO TO SIC; provisions
are quiet and unchanged.
MONEY.
Financial matters continue TO improve slow
~. The bank balances are slightly enlarged,
and money is daily growing easier. Exchange
is coming in rather slowly. and the demand
qL..s active. Rates are Il to s<c discount on
Eastern bills. Checking rates are firm at par,
and &c discount on New Orleans. Local stocks
and securities are quiet and without change.
Bank Of Tennessee money is purchased at 70
to 74c, and sold at Is to 76c. City scrip is
bought at 65 to Csc. and sold at 81 to Csc.
County warrants are purchased at Csc. and
sold at zoe. Memphis 6s are quiet at so TO sic
tex-coupon). Gold Is bought at 1917 to 1881.
The opening New York rate was ll051, and
closing rate at noon ll01s. Governmant secu-
rites opened a fraction better. with a medium
demand. Sterling exchange was active at
1921. .i HatHis ai sci .si'
COTTON. fs
Notwithstanding decline Of I'd in Liver
pool and dull market at New York. there is
no perceptible change in the feeling Of this
rlrafa md hrlx 10
firm and unwilling TO yield fraction. while
those having low or mixed grades are disposed
to coneede slightly, as the demand for those
styles is comparatively light; the better grades
however. continue in active request. and are
eagerly sought for BY number Of buyers, who
have orders to fill. The sales this morning
were about 500 bales. and Of that number
there was less than so bales chasing middling.
One buyer succeeded, after a careful search.
in selecting about 20 bales. to fill a lot Of $50
bales, for which he paid l414c, Low middlings
were bought at 1871 to 1s1sc, the inside being
about the average price paid. Good ordinary
10 strict good ordinary brought from 1274 to.
1879, and few bales Of mixed and stained
were disposed Of atll11 to 12c. We quote; =
ordinary: 9ia
Low ,Mlddling.............
MlQdllng V9lft4
strict Mlddhng..."."..........
The New York market opened dull at l5c,
and at noon was duh and heavy. Sales at all
ports yesterday were II ,s26 bales; receipts.
22,54S. Liverpool dispatches of the 9th 9th,
received to-day. report that market dull and
and heavy, with sales of 1000 bales; Dplands
~ to T7sd; Orleans. Sto SID.
ilN y, COTTON STATEMENT. inH B
CHAMBER OF COMMERCE.,
e!uUf MEMPHIS. January 7. J IN
Stock on hand Sept. /. 1S70-.....,. $50
Received tO-day...'..-.r-ry % 25 Ivy oe, ssz
265, Ss5
Shipped to-day. 2,5l9 -
Previously 70, lis ~ ,oZ1
Stock on hand. ........,..a....... 1925
MPoRTs-M. and c. X. r, .........,..........,. 435
III M. and T. r.. ACKNOWLEDGEMENTS 407
iot M and o. II. acknowledgements. 378
NJ. and l.. X. R.,........,,,.,.,.....--
Observation-Disclosures 3I
agons...,.....,..,,.....,..,,..,. 80
80 2 IT,, aH4 fJa q S1os
IOtai............................ .z495
ExPORTs-M. and O. r. R......................- l13
NJ. and I. r. h....,............,..,..~-
NJ and 0. r.. h..........................l3l
Steamers, north.................-,....6 32
ftT IKE south..."....""..,,--4 40
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