Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-05-26
FINANCIAL AND COMMERCIAL.
PUBLIC LEDGER 0FvIoK, I
MHhrHIs. TENN. May %. 1871. )


Trade
To-day is quiet and less active in all
branches than at any time during the
week. In the general market prices
generally are q shade easier on the lead
ing articles, but can hardly be quoted
lower. Sugars and -four are, however,
exceptions to the rule, and each show a
better feeling both here and at other
markets; especially is this the case in
Louisiana sugars, prices of which are
tending upward, and the stock at New
Orleans IS decreasing. In grain and
feed there is little movement; prices are
firm and we'll maintained. Corn is held
at 724 to 73c on the levee. Oats are firm
and unchanged. Bran is held firmly at
s26. Hay is quiet at $l9 to $2l for good
to choice. Provisions are quiet and
prices generally unchanged. Mess pork
is sold in lots at SIT so, and bacon clear
sides 81 to 9ac. Lard is quiet and I'M
changed. Butter is dull at is to Ice in
lots, and the supply exceeds the demand.
Eggs are dull at IL to BE in lots. New
potatoes are in better supply, and are
purchased by the trade at 50 per barrel;
prices range from So to 10 from store
and SO on the levee. Cabbage are scarce
and prices unchanged. Onions are quiet
and unchanged.
From store on orders prices are as follows
BAGGISG-Is quiet at 2O92Sc. with very light
BEANS = Navy. 81 1892 90; white mixed.
BGcoy-Quiet; clear sides. cyclic; shoul
ders,. i7as@7z5c; bulk sides, clear. S15@s54c +;
BUrTER-Good Western. iO9l5c; inferior.
dull and nominal; new grass, 2O(g22c.
C0TToNsEEn SO 10 % ton on levee.
CoRN MEAL-Firm at So % on levee, and So 40
CoRH-Steady at 74@75c, with fair supply.
EGGs-Dull, with fair supply at l2@l3c.
HAY-Quiet at SIS 00G24 90, as to quality.
FLoUR-Firm at s. 50@9 IS for super to fancy.
IRON TIEs-5@6c.
L1nD-Tn kegs. I29l21c; tiorcos. ll@l11zc;
caddies, l4gl5c. 'tN
MOLAssEs-L Louisiana. firm 4597Oc in bar
rels syrups, 40g75c.
OATs-Firm at 65g65c on levee. 6S@69c from
store.
PoULTRY-0ld chickens quiet at 81 5O95 90
new, SO 501I5 90, as 10 size.
PoTATOEs-New are in better supply at So q
a Is D barrel; old, dull at So 10 d barrel {;
sweet. 50 1904 OOT barrel; cabbage; scarce at
81 00@29 90; new onions, "a 5095 90.
PoRK-Mess, SIT 75@1S Is in large and small
way. ~ 81
sALT-s2 1902 IS y bbl.; 81 6O@1 IS o sack.
SUGAR-Quiet; Louisiana firmer. 8912c for
common 10 fair, 12dl4c for yellow and white
1414c; Coffee. A, u and G. lSsl314e.
MONEY
Continues easy and the demand from
all sources of trade is light. Discounts
to depositors and customers are made at
the banks at 10 to II per cent. and in
the open market at from l to l J pei
cent. per month, according to the
quality of the paper offering.
The market for exchange rules steady
at par buying on cotton bills and par to
premium on eastern bank exchange
selling rates are firm at I premium.
New Orleans. bills are taken at ] dis
count and can be purchased over the
counter at par. -tH
Local securities are quiet and without
marked change. County warrants are
bought at 724 to, 73c and sold at 75c.
Bank of Tennessee money is in demand
at 76c and is sold to taxpayers at IS to
soc. City bonds are a shade easier but
not lower. Dealers buy the new cur
rency issue at 56c and sell at SIC, and
the gold issue at GO to Gle. Memphis
and Charleston railroad shares are
steady at 36c buying and BE selling.
Mississippi and Tennessee shares are
not wanted at over Zoe, and we doubt
whether even that price could be realized
on anything like large lot.
The gold market is active and offer
ings better. The local demand is light,
however, and all that bought by dealers
is for shipment. One dealer bought
SllOO this morning at Ill. The closing
premium at New York was lll3.
COTTON.
Cotton closed firm and no less ex-
cited last evening than it was during the
early part of the day, the demand being
for all grades, and coming chiefly from
spectators and spinners. Sales were
1882 bales, at prices fully 1 to &c above
the quotations given in yesterdays LED
GER. To-day the demand is chiefly from
spinners, and is shade less active, ow-
ing to the fact that a decline is looked
for at the end of the month, or as soon
as the New York shorts commence
to make settlements. Factors are firm,
Notwithstanding this, and are unwilling
to make the slightest concessions. The
offerings to-day were better, especially
in low grades, which, as the re-
ceipts are light, can only be &C
counted for by the supposition that a
portion of that bought early in the week
by spectators is now again being placed
upon the market for sale. Sales up to
noon to-day were 225 bales, including 30
inferior, at % to Toe, lS middling at l6fe
20 low middling at l5lc, 81 low mid
ding at l5lc, 10 Ordinary at l25 to BE,
20 good ordinary at l4le, and smaller
lots at the prices named. Receipts we're
29l; shipments, 455; stock, 1924.
COTTON STATEMENT.
CHANBER OF COMMERCE.