Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-01-19
FINANCIAL AND COMMERCIAL.
-. PgsLIc LEDGER o Y ;Si,

MEMPHIS. Tenn. January ~. 1911.
The arrival of several steamers from above
with carRoes of produce made business on
Change more active; the supply, however, is
not yet equal to the demand, in consequence
Of which prices are firm. especially for proyi-
sions, the receipts of which are light. Freight
is now being shipped by rail from St. Louis to
Cairo. and that. with the cargoes Of steamers
now coming down the Ohio. will amply supply
all demands. Bagging and ties are quiet and
unchanged; corn meal is firm at So 50 per bar
rel from mill and store; -four is firm at 81 IS
to 81 for common to extra family; hay is in
good supply, and sells at s2l to s25 per ton
corn firm and held at 64c from store-sales
we're made on Change. however. at Csc; oats
are steady at IS to SEC; no bran Offering; po-
tatoes are firm and higher-peachblow are
held at So 40 to SO so; provisions are firm;
mess pork. $685. clear bacon sides. 1917 to Ne;
clear bulk sides, 11s4 TO lie; clear rib, 1l14c;
shoulders. &c; breakfast bacon. II to lsc; sn-
gar cured hams, 1919; fierce lard, l21a to 13e;
key. II to l912c; caddies, Is to Ice. Sales on
Change to-day were: 800 doz. eggs, Ssc; 30
bbls. kiln dried meal, from store; 10 bbls.
apples. So so; 500 sacks white corn. new gun
mics, 63c.
fb MONEY.
There are no changes of importance to note
in monetary circles to-day; the banks gener-
ally report a somewhat closer situation. owing
to the large amounts of cotton awaiting ship
ment. and some are obliged to supply them
selves with currency by the sale of exchange
this is only temporary, however, and will soon
be remeded. as increased facilities for ship
ments are probable within the next few days.
Exchange is making slowly; rates continue at
| "A to 70 discount on Eastern bills and Nc dis
count on New Orleans; checking rates are par
to &c discount. Local scrips and securities
are dull. Bank of Tennessee money is pur-
chased at 74c and sold at 75c. County scrip is
purchased at 63c, with offerings in excess of
the demand; dealers sell at 65c. The transac-
tons in gold this morning were limited to the
purchase of few small lots at 1O911. The
counter demand is small and supplied at 1lO94.
The opening rate at New York was 1165s, and
the closing rate at noon 1l054. Government
securities opened active and steady but with
out any decided change. Sterling was steady
at 1927.
Regarding the extension of time for the pay
ment Of taxes in the State of Arkansas, the
Little Rock Gazette of Tuesday says:
Nearly all hope for extension of time for
paying taxes has passed, owing to the decided
| vote given against it by the Senate. This will
| be hard blow to many, who will be compelled
| to sacrifice their crops to raise money. This
| decision is akin to all other oppressive mea-
sures foisted upon the people by Radical
| government.
COTTON.
The market closed quiet yesterday, with
1414c outside price paid for even-running mid
ding; sales were 1900 bales, including 800
bales purchased late in the evening, and not
heretofore; included in this purchase there
were 100 bales, average low middling, at 1899 ;
lO2 strict middling at 1895 10 at l414e; 81
strict low middling at lie, and few bales Of
middling good style at 145s. Eastern dis
patches continuing unfavorable, there has
been no improvement since the close yester-
day, and prices are fraction easier. As on
yesterday, the demand is chiefly for the finer
grades, which are scarce and held irmer than
grades below low middling. Sales up to noon
were 500 bales. including ordinary at l21ac;
low middling at 1871 to 1870, with an excep-
tional sale at 1885, middling was sold in
small lots at IA s. 16 to l4c14c. We quote: