Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-02-01
j Go TO Prof, Meyers select concert to-
night at Ayres Block, 274 Second street.
FINANCIAL AND COMMERCIAL.
PuRLIo LEDoER OFvIcE, |

Is firm at So rs from mill and store;
eggs are dull at % to i29c for choice
fresh; hay is inactive and the stock
heavy prices range from s2l to % 5O;
oats are firm at 60cI bran is scarce and
firm at 81 50per 100 pounds; potatoes
are quiet at SO rs to 90 from store;
provisions are quiet, and unchanged.
Sales on Change at noon were 100 sacks
ear corn at62c; 100 do, &c; $50 shelled,
new gunnies, GA to Csc; 1873 do, 64c; 1856
do, 641e. One car load oats, 62ci $50
sacks do, &c; ISL bales hay, $23 %;
l4l do, 1923 rs.
- MONEY.
The merchants report collections slow,
while the balances in bank are increas-
ing to a certain extent. Applications
for accommodations are supplied at 9 to
u per cent at the banks, where the de-
mand is from customers; outsiders, how
ever, meet with but little encouragement,
and are compelled to seek the street,
where good business paper is discounted
at from l to u per cent. per month. Elk
change is in demand, and cotton bills
offering slowly; rates are to &c discount
on Eastern points and &c discount on
New Orleans. Local stocks and securi-
ties are quiet. County warrants are pur-
chased at GA to Csc, while the selling rate
is from 81 to zoe, according to the
amounts desired. Bank of Tennessee
money is steady Tatt 79c buying and TIC
selling Transactions In gold were some
what larger; dealers purchased at ITO
and sold at Ill to lll4; $4,000 was dis
posed of at the inside price. The clos
ing rate at noon in New York was iii.
A bill was introduced in the House Of
Representative, at Washington, on Mon
day, establishing the rate of interest to
be charged by National Banks. The
rate is fixed at the legal rate in the State
where the bank is located, with a provi-
sion that il no rate is established by the
law of the State or Territory wherein the
bank is situated, then the rate shall be 7
per cent. ieWt .a. %
A New York telegram of Monday,
regarding the effect of the capitulation
says: Wethiy 3tilR
The capitulation had very little effect
on Wall street, as it has been universally
expected, and gold advanced only one
half of one per cent, but there were no
unusually heavy transactions. The the
ory of capitalists is that there will soon
be a heavy demand for money from both
the French and Prussian Governments,
and that the price of gold and rates Of
Several capitalists say that negotiations
for heavy loans are now under way, but
these are all contingent on the complete
restoration Of peace. No specific amounts
are mentioned, bat they are understood
to be very large. sr Ap, 81
COTTON.
The market closed quiet yesterday
with sales of 1850 bales. To-day there
is an active inquiry, both on foreign and
Eastern account, but at lower rates, to
which holders are responding to GER
tain extent, owing to a further depres-
sion in the Eastern market. Sales up
to noon were $50 bales, including good
ordinary at l3 to l3sc; low middling at
l3sc with an exceptional sale at 1870,
and middling at l4sc, with sales Of small
lots at l43c. We quote; bsi341no
Ordinary 4@l2<
Good ordinary. I'D glot4
Strict Good Ordinary-................,.. @.
Low Middhng.............. 5;stglf
Mlddllng
Strict @
COTTON STATEMENT. ess1Ig.
CHAMBER OF COMMERCE.,
MEMPHIS, February /. :
Stock on hand Sept. l. 1s70........ $3.50
PTsTiOus Previous ..... s7s.
~ l4aIBhNl W. t4NW 900 %,
Shipped to-day............~"......" 2,ls9 ooo ooo
Previously Zio,ozi IoO,o -O
Stock on hand. ................. 1851
IMPoRTs-M. and G. r. R..................,.... 65I
NJ. and T. X. ......................... 4s5
NJ. and o. K. R........................... 622
NJ. and L. r. R..................... :. -
NEUTRALITY-SUSPICIOUS.. 80
Iotal............................ .......-.aoo4o
ExPoRTs--M. and Q. r. R.....................-1046
WI M. and T. X. R....................
NJ. and o. R. R.......................... 9ss
Steamers, north...........-.........- los
south.,...-..................---
f0iIA Total 2ls9
New YORK cotton Market.
By S. p. aud A. telegraph
New YoRK. February 4 l0:25 a.m.-Cot-
tor, is nnief and ,raak Gold. 11lM. EYchanae