Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-04-29
FINANCIAL AND COMMERCIAL.
PUBLIC LEDGER 0PHIcE, |
MEMPHIS. TENN. April %. 1871. !
TRADE

This has been one Of the warmest days Of the
season, and our streets were lined with peo-
pie. Spring goods were in demand. and our
retail dry goods stores have all they can do in
the way of shoppers. Fruit is becoming album
dant and bids fair to BIO plenty this season
throughout the South, but il is nearly all de-
stroyed in Ohio, Indiana and Michigan.
Reports of the winter wheat crop from the
West and Northwest contain good news for
the consumer. The ground is covered, the
average is at least equal to former years, and
the crop has suffered but little from the open
winter. There is. so far. every prospect Of an
abundant yield of excellent quality. Owing
to the early spring. the crop will be ready for
market fortnight sooner than in ordinary
seasons. Even should the foreign demand be
little in excess of its nominal limit, bread
will DO cheap. While the wheat-growers of
the West are rejoicing over the prospect of an
abundant crop, the tobacco planters of Vir-
ginia arc despohdent. The crop has been
much injured by the fly, and in some sections
almost destroyed.
On Change, there was but little offered, and
sales were in small way; 100 bales hay about
No. 2 sold at $40; 81 sacks shelled corn brought
zoe, and Is sacks in ear also sold at zoe. On
Front street, there was not much animation.
Meats are iirmer in the up country markets,
and an effort to force prices up here about Ac
was a failure. The stock on hand is large.
We quote rs follows on orders from store. For
cash some concessions would be made:
BAGGING-Is quiet at 2l@23c. with very light
demand.
BEANS : Navy. 81 25@2 SO; white mixed.
go 90.
BAooY-Clear sides, 1O@IO1lc; shoulders, IA
g754c; bulk sides. clear, S51@ec; shoulders.
613e; sugar cured hams, l59llc
BRAN-Sl 35gl 40 "a 100 in store.
BuTTER-Good Western, Bose; inferior,
dull and nominal; new grass, 2S(g33c.
COTTOEsEED-S9 90 D ton on levee.
Com MEAL-Firm at So 20 on levee, and So %
613 so from store.
CoRN-Firm at 72@75c. with moderate stock.
EGGs-In good demand at l7@lSc.
FLouR-Steady at SO OO@9 0O for super to
fancy.
IRON TIEs-5@6c.
LARD-In kegs, l21Sc; tierces. 111z@l2c; cad
dies, 14gl5c.
MoLAssEs--LOuisiana, 4Os7Oc in barrels;
syrups, 35(d75c.
0ATs-6O@62c on levee, 65@G6c from store.
PoULTRY-Chiekens, Sc 5O97 90, with light
demand.
PoTATOEs-New Southern, So 5OG7 90 n bar
rel old, 81 5O@2 80 q barrel. and dull; sweet.
81 90 u barrel.
PoRK-Mess, $40 OO@l9 50 in small way.
SALT-S2 25@2 IS q Dbl. 81 6U@1 rs d sack.
Louisiana, S9l2c for common TO fair,
l2@lic for yellow and white clarified; refined,
crushed and powdered. l414@ll1zc; Coffee, A,
Is and q, l2549l314c.
MONEY.
Another very quiet day has nearly passed in
our financial market. Checking and deposit
ing on small scale characterized the day.
Money is in fair supply for all ordinary bust
ness purposes, and No. paper is taken with
out trouble at to lOc;- paper. however. is
scrutinized closely, and only first-class names
can be negotiated. Stocks, bonds and local
scrips of all kinds are in some demand, but
quotations are the same as at our last; dealers
buy gold at 1l0h to 11O1l. and sold at an ad-
vance Of q to 1c, with the demand in excess
of the offerings.
1t has been stated that tho decision of
the Supreme Court in regard to the legal
tender cases would be announced on Mon
day next. but it is now positively ascer-
tanned that the opinions of tho majority and
minority of the Court will not then DO read.
They will be reserved for the adjourned term.
which commences on October 10th. II is I'M
derstood. however, that an elaborate opinion
will be ready on Monday. announcing the
unanimous decision of the court on collateral
points. sustaining the validity of gold con-
tracts made since the passage Of the legal ten
der act Of 1862.
COTTON.
The inquiry was good this morning, but the
market is somewhat unsettled. owing to the
condition Of the Eastern markets. Buyers
complain of the scant offerings and tine Diff
Guilty Of filling orders except where they are
not limited as to style. and holders are gener-
ally firm. asking full prices for everything out.
The demand is both home and foreign. but il
is eontended that it can be met to. better adj
vantage anywhere else than here. In other
words. it is conceded that Memphisi is the best
market for the seller in the world. We quote
factors asking as follows. with medium sales:
dood ufulhary SIC
strict food Wl3A
low Mluullhg-..-.,...-.-... ...lot 29l4
Middling
The late coalition among freight agents.
which bid fair to make that family happy,
having again bursted. rates on cotton East are
very much unsettled to-day. Agents are now
awaiting orders. and almost any rebate could |
be obtained from these ambitious gentlemen,
who only want to carry cotton. and are not
particular as to price. The reduced rate Of
freight has the tendency to keep prices
stronger. and also to increase the demand-so /
that it's an in wind. etc.
COTTON STATEMENT.
CHAMBER OF COMMERCE.
MEMPHIS. April %.
stock on hand Sent. /, ls7O...... 42S0