Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-01-31
FINANCIAL AND COMMERCIAL.
PUBLIC LEDeER 0yyrcE.

MEMPHIS. TENN. January 81. lS7l.J
Owing to the inclemency Of the
weather and light receipts, business con-
tinues dull in the general market. Beans
are quiet, white mixed 81 IS to 3, navy
81 Is to 2 so per bushel; bagging steady
at "a to 26c; butter dull at rs TO Doc for
good to choice; cotton seed unchanged;
corn meal is firm and in fair request at
50 % per barrel; eggs are in good sup
ply, choice fresh SOC; -four is in fair de-
mand and the supply light, prices are
firm at s. to 8 so for super to fancy gro
ceries are firm and unchanged; corn is
scarce at So to 63c; oats are in request
at,624c, Csc, however, is the price asked
hay is firm but inactive, with sales of
prime at $24 from levee; bran is scarce
at 1874 so to 25; potatoes are firm at 50 10
to 4 so per barrel; provisions are firm,
with an advancing tendency; mess pork
is held at 1923 IS to "a, from store; clear
sides, II to l2lc; shoulders, &c; bacon
clear sides, 10 to l3lc sugar cured hams,
l6l to lie; lard firm at 10 to l39c for
tierce and l4l to l5c for keg.
Messrs. Geo. w. Phillips & Co., of
Chicago, in their review of the provision
market of Chicago for the week ending
January 9th, state:
A strong and urgent demand existed
for all descriptions of meats during the
past week, both on Southern and Euro
pean account and sales were largeSand
the record of transactions indicate a
material appreciation in prices. Stocks
are not very large, and the greater por-
ton of the meats in packers hands has
been sold for future delivery. Prices,
as compared with those of one week ago
are fully 81 to 2 so higher on mess pork.
Z 70 lie higher on lard, and { to &c higher
on all kinds of meats. At the close the
market was quite strong for meats, but
lard and pork were weak and tending
downward, though the manipulations of
spectators may check the downward
tendency for the present.
MONEY.
Local finances remain in much the
same condition as reported yesterday.
The inquiry for loans is little more ac-
tive and the market shade closer, the
banks are, however, accommodating all
of their customers at the usual rates.
Outside borrowers are compelled to seek
money in the open market where it can
be had at II to 10 per cent. The supply
of exchange is nearly equal to the de-
mand, and the market is quiet. Cotton
bills are taken at J to &c discount on
New York and other Eastern points, and
&c discount is the purchasing rate for
New Orleans and Southern bills. Local
stocks and securities are quiet and gem
orally unchanged. County warrants are
purchased at GO to 64c, and sold at Go tc
Gee. Bank of Tennessee money is
bought at 75c and sold by dealers at Tic.
Gold was purchased at 10; offerings
were limited, however, to few small
amounts. The opening rate at New
York was Ill, and the closing rate at
noon lllB.
COTTON.
The market closed irregular yesterday,
with l41 to l4sc the asking price for
middling; sales we're 800 bales. To-day
the inquiry is confined to few buyers,
and holders remaining firm, transactions
are limited to the sale of small lots;
prices are steadier, however, and the
market firm for all grades, notwithstand
ing the unfavorable news from the East.
Sales reported up to noon were 300
bales, including good ordinary at l3B to
l34c; shy low middling, l3Jc; low mid
ding, IA to l4fc. In some cases holders
were asking l31c for even-running lots
good ordinary and l4sc for low mid
ding, which was from ! to fc above
buyers views. Toward noon, however,
holders were little more disposed to
realize, and the market was a shade
easier, but not lower. We quote:
Ordinary 49l219
Good Ordinary.
Strict Good Ordinary-........-......-.... q,
Low ysl414
Middling
Strict g
The New York market opened dull,
with &c decline in middling; and at noon
was dull with a downward tendency, and
a decline of &c in the lower grades.
COTTON STATEMENT.
CHAMBER OF COMMERCE.,
MEMPHIS, January 81. J
Stock on hand Sept. l. 1s70....... 1880
Received to-day....................... 2,56I -,
Previously SZO,4OI oz-'oo
s27,O4s !
ghinned TO-DAY. .........,, 2.O60
Preyiously 276,56l 2s62l
stock IN hand .......... 4s,427 |
and e; X. R...................... ~