Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-04-14
FINANCIAL AND COMMERCIAL.
PUBLIC LEDGER ORVIoE,
MRNPHfs. TENN, April II, 1871


Receipts of produce are heavier and offer
ings larger. The gloomy aspect of the weather,
however. checks business to certain extent.
Transactions in the general market are better,
perhaps. than on yesterday, but not as heavy
as during the early part of the week. Provi-
sions continue dull and dropping. Groceries
are quiet. Corn is easier. and from the heavy
receipts at st. Louis from the upper rivers.
decline may be anticipated here. Oats. bran.
corn meal. hay and other articles are quiet at
the quotations given below:
Bagging is quiet at 2l@2ic. as to quality;
iron ties. 596c; beans quiet at 50 0OS2 40;
cottonseed is in demand at 50 90 D ton
on the levee, buyers furnishing sacks;
butter quiet at 33@3ic for choice; corn meal
firm at So 25@S 40; corn quiet at 72974c; hay
firm, s22 000J23 90; oats quiet at 64@67c; bran
easier at 81 SOL As a 100; -four dull-super.
SO OO96 IS; extra. Sc so; double extra. Sc 75@
7 co.; treble extra, 81 50G8 90; fancy, IS 500
Q 90; provisions dulI-mess pork. $40 50@2l o.;
bacon clear sides, lO14@ll14c; shoulders. $40
SIC; sugar cured hams. l5lz@l61zc; dry sAlted
clear sides. 914@lOc; clear rib sides. 91499%c;
shoulders. 7ts714c; hams. 129l214c; lard. in
tierces. 121l@l21zc; kegs. 131z9l4c; oaddies,
141z@154c; potatoes quiet at So 0O9S IS D bar
rel.
Sales on Change to-day were so half boxes
medium tobacco at 6711c. "a caddies bright
quarters at Gle. II sacks ear corn at zoe, so
sacks bran at $e6; 800 sacks white corn was Of
fered at 72lSc. but found no takers; 100 sacks
corn in burlaps were sold at zoe. 100 barrels
peachblow potatoes at So SO to as and II
bales hay at 50 to So.
MONEY.
The main features Of the money market con-
tinues without change. As we have a large
excess of capital in bank and in the open mar
ket, with very limited demand for loans.
financial affairs are working smoothly and
easily. with the rates of interest in favor Of
borrowers. Undoubted paper is in request,
and much larger amount could be negoti-
ated in bank at to 10 per cent, and also with
outside operators at about the same rate. The
mercantile community anticipate continued
ease. /
There is but little doing in the way Of ex-
change. Cotton bills offer slowly, and arc
readily taken at par by all the banks; Eastern
exchange in round sums would also DO taken
at Ito to 81 25per $1,000 premium while smaller
amounts are taken at par. Selling rates are
| firm at &c premium on all Eastern and West
ern cities. We quote the current rates as fol-
lows: New York, Boston. Philadelphia and
Baltimore. par buying. and &c premium sell
| ing; New Orleans-14c discount buying, and
par selling.
The demand for county scrip continues ae-
tive, and there is but little IL any Offering; zoe
is the rate offered by dealers to-day. and II to
re is the selling rate.
Bank of Tennessee money is bought at
75c; selling rates are 76c. Memphis ss
are bought at $50 and sold at 561Se.
Collaborating bonds are 611S to 621Sc buying
and selling. Mississippi and Tennessee rail
road stock is in request at Ice. and is sold at
zoe. Gold is bought at 1924 to 1881. and sold
at llO11 to HOY.
COTTON.
The market clesed irmer yesterday, sales
being 800 bales. To-day there is about the
same demand, and prices are unchanged.
Offerings are limited and buyers complain of
the scarcity Of good cottons. Some say there
is yet plenty Of cotton that is not placed upon
the market. whereas others are equally as con-
fident that. excepting some four or five tables,
there is none here at all, and are making pre-
parations to close up business for the season.
All orders now upon the market are being
filed by from to bale lots, and even then it
is necessary that the buyer go over the entire
market. Sales up to noon were $40 bales, in
cluding 80 ordinary, at 91sc, p do. at l0c. %
good ordinary at 70 to l21zc. u good ordinary
good stylel at lSc. Is average low middling at
ls1Sc, middling at l47sc. II middling at 141zc.
and middling at 1910. ,rr
Receipts for the week ending to-day are $500
bales; shipments. 1852; sales, l77O; stock at
noon to-day. 19.6s5. Our dispatches give tho
weekly Liverpool statement and latest quota
tions from New York.
c0fTON STATEMENT.
CHAMBER OF COMMERCE,
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