Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-01-12
FINANCIAL AND COMMERCIAL.
Mrrrnra' TsnH I A IanuarS y III iii. |

MEMPHIS. TENN. January IL. 1911.
Business generally is more active. and bids
fair to improve daily. As yet. however. the
demand for all leading articles Is restricted
entirely to supplying immediate wants; there
fore. there are no new or important features
10 note in the general market. and no mate
rial changes to make in quotations. Bagging
Is quiet at Is TO &c, and ties 5 TO &C.; cotton
seed Is in active request at 50 on the levee.
buyer furnishing sacks; corn meal Is offered
at % % delivered; -four is firm. with fair
demand for medium grades-we quote super
to fancy, IS to IS so; grain and feed is strong
and receipts light; corn is firm at s2l TO S26,
common to choice; bran. S22; groceries are
quiet and unchanged; provisions are firm !;
mess pork. s2l to s22; dry sailed clear sides.
II TO He; clear rib. 101< TO 101<c; shoulders.
IA TO &c; bacon clear sides, 1S1xc; sugar cured
hams, II to lSc; lard. IL to l215c for tierce and
ia to l4c for key; potatoes are in request at
" 10 to 50 Is. while SO IS is asked. An agree
ment. signed by large number of our pro-
duce dealers, was read on Change to-day
pledging themselves not to offer for sale or sell
upon the levee any produce until after change
hours. The agreement received many sigma
lures, and will without doubt meet with the
hearty cooperation of all our merchants.
MONEY.
Matters relating to local finances are quiet,
and very much the same as previously de-
scribed. Money is comparatively easy. and
indications are that the market will continue
TO show more positive evidence Of relaxation.
The currency movement to the country is large
and increasing daily, in consequence of which
checking is quite active at all the banks. APP
plicants for accommodations are few at those
institutions. and still more scarce upon the
street. The rates at the former are to II per
cent, and the latter / to Ia per cent. per
month is the nominal rate Of interest. Ex-
change comes in slowly, the supply being
hardly sufficient to meet the demand. Eastern
commercial bills are taken at II to Nc dis
count and New Orleans at Ac. Local stocks
and securities are dull and without change.
County warrants We're offered at 6qc this NOR
Ming, but did not find purchasers at over Csc;
the selling rate is zoe. Gold is purchased at
1922 and sold at 1lO5s the opening rate at
New York was 1lO7s. at which price it was re-
ported steady by our noon dispatches. Gov
eminent securities were dull, with a slight
decline, and sterling steady at 1921
COTTON. afs
The market closed a shade easier yesterday,
owing to the unfavorable advices from the
East and disposition on the part Of few
sellers to realize. Sales during the day were
1900 bales. To-day there is moderate in
quiry for the better grades. and fair request
for medium styles. The sales during the
morning were about 700 bales, including $50
bales of good ordinary at 1870. so bales of good
ordinary at 1870, 100 bales from low middling
to middling at 1873 to l414c. 70 bales of low
middling at lac, 20 bales of low middling at
lS54c. 70 bales of niddling at l41{c, 20 bales
of middling at l41sc, l40 bales of strict mid
ding at 1910. We quote: