Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-01-23
FINANCIAL AND COMMERCIAL.
PTsLIo LEDoER oyyrcEE.,


MKMPHIs. TRIM. January %. 1871.
The arrival Of several cargoes Of produce
from the Ohio river. together with that com
ing from st. Louis, has caused considerable
depression in the price Of leading articles.
especially IN grain and feed. excepting bran,
which is held firmly beans are quiet at s2l Is
10 81 90; bagging Is steady at "a to 26c; iron
ties, 10 &c butter Is dull and supply In ex-
cess of demand-choice table is held at "a TO
29c corn meal Is in light request, with So %
per barrel the ruling prices eggs are steady at
33c; -four is in better supply-prices range
from 81 IS to IS so for low to fancy grades
groceries are quiet and unchanged; corn is
held at IS to SOC; oats at SOC; bran, s24 6O hay,
s24; potatoes are steady. with a fair demand
at 90 Is per barrel for pinkeyes and 80 80 for
peachblows; provisions are quiet and shade
easier mess pork is held at s22 so; dry sailed
clear sides. III to l2c clear rib sides. 1l1[ to
l11ac shoulders, SIC; bacon clear sides, lSc;
breakfast bacon, l6 to lie; sugar cured hams,
l6 to 17ci tierce lard. l21ac; key. lac.
MONEY.
There is no especial change TO note in local
monetary affairs. Cotton bills come in slowly
and hardly meet the demand for exchange.
which is less active to-day than on Saturday;
rates are steady, as follows: New York, Bos-
ton (demand). Providence, Philadelphia, Fall
River (demand) and Pittsburg. 1ac discount;
Baltimore. Wilmington. Utica, Fall River
eight, Boston sight, and all other points
east of Pittsburg. ssc discount; New Orleans
and Southern bills, &c discount. Checking
rates are par to 1sc discount. There is but lit
tie doing in local stocks or securities. County
scrip can be disposed Of to dealers at 63c; the
selling rates are Csc. Bank Of Tennessee
money is bought at 74c and sold at 76c. Gold
is purchased at lO954; the opening rate at New
York was 110A, and closing noon rate llOss.
Government securities opened firm, with fair
demand. Sterling was steady at 1921. Ten
nessee bonds. both Of the old and new issue,
were firm and higher.
COTTON.
The market closed firm on Saturday at l411c
for middlings, with sales Of 1900 bales. To-
day the market opened firm, and was farther
strengthened by New York advices announce
ing an advance Of &c at IL am, and still
further advance of Nc at noon. Previous to
the reception Of the news Of the advance,
buyers were operating to a limited extent,
picking up about 500 bales at 1873 to l3c for
styles hardly passable as good ordinary, and
lac for low middling. with a few bales Of mid
ding reported at 14ss to 141zc. Holders gene
rally advanced their limits on receipt of the
New York news, and buyers. with one or two
exceptions, withdrew from the market. We
quote:
Ordinary 1214@121z
Strict Good Ordlnary-..-...... O.
Low Middling
The New York market opened quiet, with a
good demand, and at noon was active at full
prices. Middlings, l519c; sales at all ports
Saturday were 1910; receipts, Is, 1893. Future
sales to-day we're 40O-January, l5c; Febru-
airy. l51sc; March. l5ssc; April, 155se. Spot
sales were 800.
A New York telegram of the 2lst gives the
following transactions for the week:
The cotton movement for the week shows
that the market has increased in receipts and
exports. Receipts at all ports for the week
lac, S87 bales. Total receipts since l.. 1870 p
048, 829 bales. Exports from all ports for the
week, lis, $40 bales. The total exports for the
expired portion of the cotton year, ,2l9, 54s
bales. The stock at all ports, $40, 476 bales.
actions for the week will reach $1,000 bales,
of which 10000 bales we're for future deliyery
1000 bales on spot and to arrive. Exports
took about Is 900 bales and spinners 1900 bales
The weather at the South was less favorable
for picking operations during the week.