Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-06-26

4.
CoRN-Qniet at 73S74c. with fair supply
EoGs-,Steady, with good supply at lSG2Oc
HAY-Firm nj 81 O0s2l 10, ms 10 quality.
FLoUR,-DulI at Sc OO@9 20 forsuper 70 fancy
IRON TIRs-5@16c.
IARD-In kegs. ils4el2c; tierces, lg'4Sllc
caddies. 14@i5c. ..'. $3.50. /.
0ATs-Firm at 67@G9c from store.
PoULTRY-0ld chickens dull at 81 5095 90
| new, 81 1898 50. US 10 size.
PoTAToEs-New are " fair supply at s. $
| "a barrel; sweet. So 1901 90 q barrel; cabbage
quiet at $40 0O@l2 90; new onions, quiet a
PoRkHMess. SIG OOsle 50 in large and small
| way. l.r..i-
SUGAR-Quiet; Louisiana firm. 91z9l23zc fol
common TO fair, 12l&gl3l1c for yellow and
white clarified; refined, crushed and pow
dered. lf1@l45zc; Coffee. A. and 9. BIG
l3Hc. t.0 t.ari
aug MONEY.
No changes of Importance have oc
Cured in the money market during the
week. The demand for discounts this
season, as we learn by conversation
with the leading bankers, is much less
than it was at the same time last year
while proportionate decline in deposits
is noticed. This may not be universal
but it is the general report, and is ac.
counted for mainly by the fact that in
vestments in business have proved less
advantageous than last year, and that
the credits of merchants are not to the
banks so much as to country merchants.
Were the demand as heavy now as at
this time last season the banks, which
now really have surplus and are in
the market for strictly gilt-edge paper,
would experience as much difficulty in
accommodating borrowers as they did
in July and August last season. Rates
are steady at 10 to IL per cent, with ex-
ceptions to those who carry balances in
bank. In the open market the discount
business has been anything but profita-
BILE. There is but little desirable paper
offering and borrowers do not seem at
all pressed for money, so that " fat "
rate on short date notes is hardly OBJ
tainable. In some cases q per cent.
per month is charged, but it is on that
class of paper that would be rejected al
the same rate at the banks.
The exchange market has undergone
no important changes. The supply and
demand have been equally light, and
with the exception of the daily receipt of
few cotton bills and the usual counter
sales to the dry goods and other trades,
transactions have been exceedingly
light. Rates continue steady at par and
lc premium buying on cotton bills and
Eastern commercial bills and 1c pre-
MUM selling. New Orleans bills are
taken at to &c discount and are sold at
&c discount to par. na
Transactions in local securities have
been more animated, in fact quite
lively business has been done in city in
debtedness and county warrants. The
litter have advanced rapidly to so to
Sic buying and 50 to SIC selling. Bank
of Tennessee money has also kept pace
with warrants, although the demand to-
day is scarcely as active as during last
week. Buying rates are SEC for large
and 81 to CSC for small lots. Dealers
sell to taxpayers at zoe. City bonds
are firm with a good demand for the
currency issue at SIC and dealers re-
luctant to sell at Csc; the gold issue is
bought at Coo and sold at Gle. Mem
phis and Ohio railroad shares are bought
at l9c and sold at l9lc. Memphis and
Charleston is quoted at 36 to 36lc,
though we doubt whether sales could be
made at the latter figure. Memphis
past due coupons are firm at SOC selling
Mississippi and Tennessee shares are
dull at Is to l9c buying, with scarcely
any demand and limited offerings. Mis-
sissippi warrants are held at Soc and are
in demand at so to SIC. Arkansas
bonds are quiet with transactions in the
new Is at S5lc; dealers ask 81 to 4Oc.
Gold is offering in limited quantities
and is bought at llls to ll2. Dealers
sell at 1924, which was the rate at New
York during the morning.
COTTON.
The market closed quiet on Saturday,
with sales of 275 bales at zoe for mid
ding. To-day there is but light demand
ut l9lc for middling, with better offerings
and disposition on the part Of sellers
to realize, provided they can do so with
out making too large concessions. Buy
ers are Indifferent, however, and do not
seem disposed to invest to any great ex-
tent. Sales up to noon were so bales at
l5c for ordinary, lse for good ordinary,
lgc for low middling, and l9l to l9le for
Receipts we're 2l6; ship
ments, $50. ft'' tt"t
Receipts for the week are 1927 bales
and shipments 1910 bales, against 2l47
received and 1891 shipped last week and |
1862 received and lass shipped during |
the corresponding week last season. To-
4 n.