Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-04-10
FINANCIAL AND COMMERCIAL.
PUBLIC LEDGER 0FFIcK,
MEMPHIS. TENN. April 10. 1871

The week closes with no changes Of impor-
lance in the several different branches Of
trade. In tho dry goods line business has
been fairly active. but far from satisfactory 10
our merchants. In the boot and shoe trade,
considerable Improvement is noticed. Hard
ware has undergone no material change; bust
ness has been active-more so. perhaps. than
in the other branches. In the general market
business has been dull, and with the excep-
ton of an advance in grain and slight de-
cline in provisions, there has been no changes
Of special Importance. We quote iobbing
prices Of the leading articles as follows:
Bagging is quiet at 2OG2ic. as to quality /;
iron ties, 5@Gc; beans quiet at So OO@2 50;
cottonsecd is in demand at 50 90 o ton
on the lovee, buyers furnishing sacks (;
butter quiet at 33@3lc for choice; corn meal
firm at SO S5@3 so; corn firm at 73@75c; hay
firm. S22 0O@4 90; oats quiet at GG@6Sc; bran
steady at 81 9591 40 . 100; -four quiet-super,
So 2596 so; extra. SO IS; double extra, 81 0O@
25; treble extra. 81 1905 90; fancy, IS 5O@
9 90; provisions dull--mess pork, sl9 T5a2l Is ;
bacon clear sides, 11@llAc shoulders, s9S4c
sugar cured hams, 151z@l615c; dry sailed clear
sides, g4@l0c; clear rib sides, 10 4@aizc I;
shoulders, 7199Sc; hams. 12@l2l4c; lard. in
tlerces, l2's@lSc; kegs, lS9l@l4c; caddies.
lo1s@loAc; potatoes duh at 50 5O93 IS y bar
rel.
MONEY.
The money market assumes no new features.
The former ease and abundance of unem-
ployed capital continues to prevail. The
volume oil currency Is gradually augmenting,
and the banks are fully prepared to accommo-
date borrowers on all undoubted paper pre-
scented at to 10 per cent, and generally at
the inside rate. There is plenty of lOanable
capital in tho hands of brokers at about the
same rates, and good mercantile paper is in
demand.
The demand for exchange continues good
and receipts light. Buying rates are some
"hat Irregular ana seiilng rates steauy' IN
puylhg' some OF inc BANKS report 1sc discount
10 par us .ho raUe' "hiie others would pur-
chase lreeiy AT par ana DINERS sun state their
"liiinshess u puy AZ i-lo preuitum al Vhat Is
nolu w quv'o 'no ouiion' ia.es as loi'
io.s' Now iorh,par puSihs, anu 74c pre-
mum se'iins' fhiiauoipnia-7 uiScSuh' u
par ouSihs' anu az premium seiiinsi rro'i
uehoo ~ "isooun. 70 par puyins' anu 24c pre-
mum, Seiiins Dos,on par "uyins. anu 14'
pfon'iuni '0iiins' D"i'iiioi' ~ ui'sVun1 y
Pii puyius, anu ~ pie.niuni s0,i'ns, NC" VI
ioans l4o ulsoo ~ guy ms lhu par soiiins'
Aho uen""u ioi county soiip oons'iiueS az W
i've, "nu .Ioio 70 Du' cr''io = aIy Uner,ns, O0
" o'o ~ Wv i''0o ~ u'"i'is
anu 'yo 'io nonilnli soiilns ia'':
"n ~ A D-V "e - DOusns o. o.
~ n' - - ,c,l
Sru pousn' ~ oI/4O ~ e,i> sOiu cor, a. ooIao'
H,1,,. ,1el-.,. o-I5 " 1T DNs us !,
''iiu 'o,ii-e' --aesirp' 'HS - -0'o ,s'i,
o'U CO. ,oa,< y. ,oaa1 % 'Viu =,
,,o1I a. 1,oII -OYI4 " % Sl.1 so.'
az Tvs " --0IL' '9.e '.o-s " '"'PO'
'''i'o "eio ioPO'''u - ue''''s 'u"''
OorroN'
Our reference to freight rates under the
above mead on SATURDAY seems 10 nave caused
quite commotlon among several agents oil
the different irelght lines ana railroads.
To-day AFTER a thorougn inquiry we learn
that several OF tho iast freight INES oiIer 70
take cotton all rail 10 New iork at ooc' ana
to Boston at zoe. Liverpool rates. which Tor
several days past have ruled steady at ll-l6
of a penny, are now I'D. How long this cut
throat business will be continued we are I'M
able to say. but suppose from tho limited
amount of cotton now going forward, and the
eagcrness displayed by the representatives Of
those lines that inaugurated the cut" to Sc
cure shipments that 1t Will continue the re-
mainder of the season. Several of the lead
ing lines remain out Of the market and re-
fuse to contract at less than the rates estab-
lished several months since.
On Saturday the market closed steady. with
sales of 1000 bales, and to-day opened with a
fair request, which was observable up to the
time of the close of our report, New York
49,, -. a.. -. -, "a a.,
au'ices 'epor. tn"' ni"'Ne' quie' anu en
ehahgeu' sellers afo URN anu "iPa,enuS IN
INHERENT though soine a'e sp'seu " inAAo
light concessions. Buyers. or those VINO nave
orders. are operating with caution, and all arc
examining the market closely. Sales up to
MON wore SEQ hales comDrisina AZ bales low
middling at lS'4c, 81 do. at l314c. 30 clean
stains at l2c, Is ordinary at vac, stained or