Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-02-11
FINANCIAL AND COMMERCIAL.
PUBLIC LEDGER 0YVIoE, /
MEMPHIS. TENN.. February II. 1871. (

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The stock of produce has been aug
mented considerably since our last re-
port by the arrival of one steamer from
the Ohio river and another from St.
Louis. The attendance on Change to-
day was much better and transactions
more liberal. In the general market we
have no new features to mention. Trade
is moderately active and improving
daily. Prices have undergone no inn
portant changes. The dry goods trade
has improved materially during the week,
and indications are that an active bust
ness VIII soon commence. The same
may be said of the boot and shoe trade.
Prices in each of these branches have
undergone no change worthy of mention.
In the hardware trade business has been
very active; farmers and planters gene
rally were purchasing farming imple-
ments and preparing for the coming sea
son. Prices are the same as previously
reported, except nails, which advanced
25c per keg to-day, in consequence of
corresponding advance by Eastern man
ufacturers.
We quote the general market as fol-
lows; Beans quiet at 81 IS to 2 rs per
bushel; bagging quiet at % to 25c; but
ter dull at rs to 2Sc for choice Western
and 10 to l8c for inferior; cottonseed is
in demand at 80 per ton on the levee;
corn meal is scarce and held at So so
from the mill and So rs to 3 30 to arrive;
eggs are dull at zoe for the medium
grades-super, S. 70; fancy, 50 per bar
rel; corn is scarce at 68 TO 69c; oats in
demand at CT to Csc; bran is scarce and
held at $27 to Is 90 per ton; hay quiet at
1913 for prime; potatoes are heavy, with
light sales at So 40 to so for pinkeyes
and So 65 to 3 IS for russets; provisions
are quiet and firm; mess pork, $24 to
"a so per barrel; bacon clear sides, 10
to l3ic; shoulders, 10 to lO!c; sugar
cured hams, l63 to lie; dry sailed clear
sides, he; shoulders, Sc; lard quiet
tierce, l3ic; keg, l42c.
MONEY.
There are no changes of Importance
in local monetary affairs. The volume of
currency in bank has decreased some
what, but there is yet sufficient to meet
all legitimate demands of trade, and no
fears are entertained of pressure arts
ing from the carrying of the large stock
of cotton. Depositors' and No. | paper
is being discounted at to II per cent,
and in the open market good two-name
paper will find ready discount at to u
per cent. per month. The demand for
loans is, perhaps, more active and gives
active employment to all available funds
without producing stringency. Exchange
is quiet at } to &c discount buying on
Eastern points and checking at lc dis
count to par; New Orleans exchange is
taken at &c discount, and is sold at par
to &c premium. Local stocks and secu-
rites are quiet and unchanged. County
warrants are CO to 64c buying and Gee
selling. Bank OF Tennessee money is
in better supply, and is bought sparingly
at 75c; selling rates are firm at Tic.
Memphis 6s are in request at sic; hold
ers ask 5ll to SIC. Gold is bought at
ll02 and sold at New York quotations.
COTTON.
The market closed easy yesterday,
with an active inquiry. Sales were $500
bales. To-day, advices being unfavor-
able, there is but a limited demand for
the low grades, and fair inquiry for the
better grades on Eastern account. Sales
to noon were 1893 bales, including ordi-
nary to good ordinary, at 10 to l23c;
strict good ordinary, at lSb to l3ic, with
an exceptional sale of a smalllo at lSc;
low middling, l3s to 1899, and middling,
l4t to l4fc. We quote:
Ordinary
GOOD g.,
Low S1lol4
Middllng ... 3ssl44