Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-06-12

MONEY.
The demand for money during the
past week has been fairly active, but by
no means pressing, nor is it likely to be
for sometime to come. The bank rates
of discount to depositors and customers
have ruled steady at 10 to II per cent,
and in the open market rates vary, as
they did at the beginning Of the week,
from J to per cent. per month.
Exchange during the early part of the
week was in better supply, but as the
sales of the staple we're small during the
latter part of the week, there was more
buyers than sellers among the banks.
Rates have ruled steady at par buying
for cotton bills and &c premium for Eas-
tern and Northern bank exchange and
&c premium selling for sight drafts on
the points named. New Orleans bills
have been in light supply and without
scarcely any request; rates are nominal
at &c discount and par selling.
The movement in gold has been more
animated, while silver has been offered
in small quantities; buying rates for the
former have ranged from llll to lll3
and selling rates from ll2l to ll24.
Nothing of Importance has transpired
in local stocks or securities. The Nc.
Combs clique made their appearance
in the market early in the week as pur-
chasers of Mississippi and Tennessee
stock at 20, but up to the present time
have failed to find anybody willing to
part with it at that rate Memphis and
Charleston stock is bought at SO; sales
of 100 shares were reported on Saturday
at 36l, which is &c below the selling rate
last quoted. County warrants are in
demand at 70, and are sold over the
counter at IS. Bank of Tennessee
money is bought at 50 to SO, and sold al
S. City bonds are steady and in de.
mand at 569 for the currency and 60 for
the gold issue; selling rates are 81! fol
the former and 81 for the latter.
COTTON.
The market closed firm on Saturday
with sales of 52s bales, nearly half Of
which amount was taken by one buyer
To-day there is a still more active de.
mand and firmer feeling in consequence
Of an advance of &c on all grades in
New York and Lied advance in Liver.
pool. Buyers were out early picking
up large and small lots at the prices
asked, knowing as they did that an ad
vance would be reported in the first dis
patch. Several got in, however, on tn,
selling rates of Saturday and took al
they could find remaining in the marke
even after prices had advanced. Salel
reported up to noon were nearly 3OC
bales, including a list of 100 bales So o.
which was low middling at lSc and Il
ordinary, good style, at Ice, also 30 or
binary at l5c, 20 do. at l55c, ii good or
binary at Ice, II do. at I65c, 20 strict
good ordinary at l62c, % do. at lie, II
do. at lie, 20 low middling at Isle, Ii
do. at lssc, II do. at lS3c, 8 middling al
l9Ic, p do. at l9c. Receipts to-day
were 403 bales; shipments, 7l5.
Receipts for the week were 2lS9 bales
and shipments 4lS6, against 1851 re-
ceived and l64l shipped the week previ-
GUS and 1878 received and 1866 shipped
during the corresponding week last year.
Sales for the week are 1875 bales
400 sold last week and 23O0 sold during
the corresponding week last year
Total receipts to date are $1,000
bales and shipments 1926 bales,
against 2s2,6lS received and 27O,694
shipped up to the same time last year;
or 2O6,272 bales in excess of the total
receipts and 2O9,375 bales in excess of
the total shipments last year.
The stock on hand at noon to-day is
1868 bales; last year at this time it was
II, l73 bales.
COTTON STATEMENT.
CHAMBER OF COMMKRcH.(
MEMPHIS. June II.
Stock on hand Sept. l. 1S7O........ 1850
Received to-day........................ 403
Previously l96. COS 497. O09
sol, 2S9
Shipped to-day............-............. 10
Previously 495, 2l1 495. 1915