Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-05-19
FINANCIAL AND COMMERCIAL.
PUBLIC LKDeKR 0PVIcE, |
MEMPHIS. TENN. May 10. 1871. !

Business is moderately active. with fair
jobbing trade. Grain and feed are the princi-
pal features, and with the light stock now on
hand. prices are tending upward. Corn is
held firmly at II to re from the levee. and Of
ferings are light. Oats are firm. and the stock
is controlled by dealers. Bran is steady at
S26 to arrive. Hay is dull at SIT so to $40 on
the levee. Provisions are quiet. Mess pork,
although the stock is light. is dull and lower;
sales were made to-day at SIS Is for full
weight, and slS was reported on lot of II
barrels. Bacon clear sides are unchanged.
Butter is dull and the market overstocked; it
would be difficult to realize over 2ic to-day on
anything like round lot. Eggs are dull at
l5c. Lard is quiet and unchanged. Potatoes
are firm. with but small offerings. at SO 20 for
old peachblows, and 81 IS to So for new South
ern. Onions are dull at IS to %. Cabbage
are scarce at $50 to $50 to arrive. Flour and
groceries of every description are quiet and
without change.
From store on orders prices are as follows:
BAGGIYc-Is quiet at 2l@23c. with very light
demand.
BEANS - Navy, III I0gZ W; Whlto mixed,
81 50.
BAooN-Quiet; clear sides, lOc; shoulders.
7}s@715c; bulk sides. clear. SA@ec; shoulders,
613c; sugar cured hams, 41g@l6Hc
BRAN-Firm at 81 35@l 40 II l00in store.
BUTrER-GOod Western, 15G2Oc; inferior,
dull and nominal; new grass, 2i@Z7c.
CoTToNsFED SO 90 D ton on levee.
Corn MEAL-Firm at SO 2Og3 % on levee,
and SO 3093 80 from store.
| CoRN-Steady at 73974c. with light supply.
EGGs-Dull with fair supply at l5@16c.
FLoUR-Firm but dull at So 25@9 90 for super
'HAY.Dull at s1s OO@2i 90. as to quality.
LIRD-In kegs, i21E@1sc; tierces. 11z@llszc;
| caddies, 1i@l5c.
MoLAssEs-L Louisiana. 45S7Oc in barrels;
0ATs-Firm at SIC on leyee. 67@6sc from
store.
PoULTRY-0ld chickens dull at 81 O094 50;
new. SO 5095 90, as to size.
PoTAToEs-New Southern. scarce at So OOq
and frm sweet. 81 90 . barrel; cabbage,
scarce at $50 0O@S2 90; new onions, S. 25@5 30.
PoRK--Mess, SIS 259ls 50 in small way.
SALT-$2 25@2 IS o bbl.; 81 6o@l 70 q sack.
SUGAR-Firm; Louisiana, SA@l214c for com
mon to fair, l2l4@l4l4c for yellow and white
clarified; refined, crushed and powdered. 141S@
l5c; Coffee. A. b and Q. 13A@l4c.
MONEY.
The money market rules easy, with but a
light demand for accommodations either at
paper, when offered at the banks by deposit
ors, is discounted at 10 to IL per cent, and in
the open market short-date acceptances. Sc
cured by collaterals. would find favor at II
per cent.
The exchange market is quiet and rates are
steady at former quotations. New York and
other Eastern bank exchange is taken at 20
and sold at &c premium. Cotton bills are
taken at par. New Orleans bills are bought at
| %c discount and sold at par.
Gold is in active demand at lll14 to 1l215
offerings are light, however, the sales this
morning not exceeding $1,000. In New York
the rate is ll21s.
Local securities are quiet with very little
movement OF excitement except in railway
bonds OF stocks. Memphis and Charleston
stock is in request at 351zc, and the second
mortgage bonds could be sold at ~ to 79c.
Mississippi and Tennessee shares are in de-
mand at 45e, at which price they are pur-
chased by the city railroad interest. The Nc
Combs clique have, it is said, an agent in the
market purchasing at higher rates. So fan
we have not learned Of any transactions
having been made by him, but learn from an
apparently reliable source that he brings
letters of credit to a very large amount, rang
ing up in the millions, and that it is the inten-
ton Of the MeCombs ring" to make des-
perate effort TO control the road by purchasing
the stock at fabulous prices and the moment
the election is held to food the market with
il. One transaction was reported yesterday
where ninety-fve shares were sold to party
in a distant city at higher rate than is paid
by the city buyers. County warrants are
bought at T21Sc and sold at 75e. Bank Of Ten
nessee money is in active request and can be
sold to dealers for 75c-selling rates are a to
7sc. Such has been the demand for this
money during the past few days that the sup
ply Is nearly exhausted. Comptroller's war
rants are 20 to SOC. according to the amounts
offering.
Sales yesterday were go bales. the market
closing firm with an upward tendency. To
day there is fair inquiry. but owing to the
light stock Offering and the disposition Of sell
isrs to advance prices. but little has been done.
Sellers are decidedly firm and ask &c higher on
all grades. Sales up to noon were 225 bale;
reported as followsi ordinary at i2e. 5 strict
ordinary at ll1z. Z ordinary at lie. l6 low mid
ding At 1870. % stained at l2jsc. 50 low mid
slipe At i4Ssc. II do. 1i'<e. Is middling at
-. y do. at 15c, % good ordinary at l5fe.
Receipt, So; shipments. loii; stock lg'9sl'