Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-03-06
FINANCIAL AND COMMERCIAL.
PUBLIC LEDGER 0PP1oE,
MEMPHIS, TENN, March 6. 1871

MEMPHIS. Tenn. March 6, 1871.
There is nothing Of importance trans
piring in the different branches of trade.
A slight improvement is reported in dry
goods, boots and shoes, and lively trade
has been done during the week in hard
ware. In the general market there has
been q fair amount of business trans
acted. Prices of the leading articles are
as follows: Bagging dull at % to 24c;
iron ties, to &c; beans dull at 81 IS to
2 Is; butter dull at Is to 2Sc for choice;
corn meal quiet at SO 40 to co; corn, IA
to Toe; hay, S22 to "a; oats quiet at SO
to Coo; bran, 1924 per toll; -four frmer,
but unchanged; provisions dull; mess
pork, 1923 80 to "a; bacon clear sides,
l23 to l3c; shoulders, lO1 to lOlc; sugar
cured hams, l63 to l7lc; dry sailed clear
sides, liz TO lie; clear rib sides, IL to
lie; shoulders, 81 to &c; hams, l24 to
l3c; lard, in tierces, l23 to l3c; kegs, IA
to l44c; caddies, l54 to l6ic. Sales on
Change to-day were as follows: 81 bar
rels peachblow potatoes at So 70, "a bar
rels meal at g IS, 80 do. at 50 30, 200
bales hay at S23 so, 100 sacks oats at
64c, so do. bran at S25 per ton, 2S3 do.
corn in new gunnies at 73c, 100 do. oats
at Csc, so do. yellow corn at 724c, and
LAG do. at 74c.
MONEY.
We have had but very little change in
financial affairs during the week. There
has been no perceptible increase in the
demand for loans, and with but very
slight variation in the volume of cur
rency. The tone of the market has been
uniformly easy. To-day good demand
for loans is reported, and as currency
balances are being gradually diminished,
the market was somewhat stronger, but
rates have not advanced, and legitimate
borrowers succeed in obtaining such &C
commodations as they require at to IL
per cent. on.short-date paper. One in
stance is reported where outside paper
was refused by a discount house, they
combining their favors exclusively 10 reg
ular customers. Exchange is scarce,
and but few cotton bills are offer
ing. Rates are ] to &c discount
on Eastern bills and 4c discount
on New Orleans. In local securities
there is an improved demank for county
warrants, and purchasing rates are
64c. Dealers sell at 66 to &c
Bank of Tennessee money is bought at
75c and sold at 76 to nc. Memphis
city bonds, old are So to SIC buying and
selling; new, 81 to SOC; gold-bearing
bonds are in request at 6Oc and are sold
at &c; pastdue coupons are bought at
&c and sold at 69c. Gold is bought at
ITO and sold at Ill.
COTTON.
The market closed dull on Saturday,
with sales of HOO bales. To-day the
news is still more discouraging to sellers.
A decline of &c is reported in New York
Id in Liverpool, which, with the cancel
alton of large orders from both points,
has the effect to still further depress
prices here The sales up to noon were
about $50 bales at prices ranging from
81 to 9ac for low and mixed to ordinary,
good ordinary at III to llac, low mid
ding at l25 to l3e and middling at l33
to 1890.
Receipts for the week are IA, 1872 bales;
shipments, l6,437 bales, against 1864 re
ceived and Abs exported corresponding
week in 1870. Total receipts to date are
4l5, 92O bales, and exports 370,94l bales,
against 2l9,224 received, and l9s, sO3
exported the corresponding period in
1870. Stock on hand at noon to-day
was 1879 bales; on the corresponding
day in 1870 it was q, l4 bales. Sales
for the week are 7400 bales. The total
receipts 10 date exceed the entire re-
ceipts last season lie, lS3 bales.
COTTON STATEMENT.
CHAMBER OF CoNNERcE,(
MEMPHIS, March 6.
Stock on hand Sept. /, ls7O....... 1850 |
Received to-day.....--.......--..-.-... Z,ll4