Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-04-08
FINANCIAL AND COMMERCIAL.
PUBLIC LEDGER OYyIcE, |
MEMPHIS. TENH.. April s. 1871. !

provisions and meats generally arc shade
lower. With this exception, we have NO
changes to report in the leading articles Of
produce. a. nrtf
Bagging is quiet at 2O@24c. as TO quality
iron ties. 5@6c; boans firm Mt 81 0O@2 SO;
cottonseed is in demand at 50 90 % ton
on the levoe. buyers furnishing sacks;
butter quiet at 33@34c for choice; corn meal
firm at So 1903 SO; corn firm at 72973c; hay
firm. s22 0O@24 90; oats quiet at 66@6Sc; bran
scarce at 81 SOL 40 . 100; -four quiet-super,
SO 25@6 so; extra, 90 rs !, double extra, 81 00@
7 Is; treble extra, 81 1903 90; fancy, IS 500
90; provisions dull-mess pork. S2l 0O@2l IS /;
bacon clear sides. l1@ll1lc: shoulders. s@S1zc;
sugar cured hams, 151z9l61zc; dry sailed clear
sides. i10@1011c; clear rib sides. g1x@g5zc;
shoulders, 71z@Sc; hams. 12@l21lc; lard. in
tierces, 121z@lSc; kegs, 13sz9l4c; caddies.
l51z@l61zc; potatoes dull at So 50@3 rs % bar
rel.
MONEY.
We have to report a slight increase in the
demand for money in some quarters. but gen.
orally financial affairs continue quito easy
and the transactions comparatively light.
The resources Of the banks are still largely in
excess of the demand. Rates Of discount are
without material change. but there is ton
dency to easier terms, and no difficulty is ex-
perienced in negotiating prime mercantile
paper at 9 to per cent.
The demand for exchange continues good
and receipts light. Buying rates are some
what irregular, and selling rates steady. In
buying, some of the banks report q discount
to par as the rate. while others would pur-
chase freely at par, and others still state their
willingness to buy at ITO premium all that is
offered. We quote the current rates as fol-
lows: New York-par buying, and Il pre-
MUM selling; Philadelphia-A discount to
par buying. and n premium selling; Provi-
dence-1S discount to par buying, and Il pre-
MUM selling; Boston-par buying. and Il
premium selling; Baltimore-H discount to
par buying. and a premium selling; New Or
leans-A discount buying. and par selling.
The demand for county scrip continues ac-
tive. and there is but little if any Offering; GS
to 69c are the rates offered by dealers to-day.
and zoe the nominal selling rate.
Bank of Tennessee money is bought at
75c; selling rates are 76c. Memphis es
are bought at 551lc and sold at 561Ic.
Collaborating bonds are 61h to 621zc buying
and selling. Mississippi and Tennessee rail-
road stock is in request at 16c. and is sold at
zoe. Gold is bought at 1Og;z to 10. and sold at
llGA to 1lO5s; $4,000 was purchased by dealer
this morning at ITO.
The following statement shows the gold and
silver deposits and coinage at the United
States mint for the month of March,
The gold deposits at the United States mint
for tho month of March were 1896, 542 81, and
making total of s62S,777 II. The gold coin
age was s52O, 2i5, Of the several sizes, besides
S20,45 O6 in fine bars. The silver coinage.
mostly in gold and half dollars. was SAG, $40.
The nickel coinage. three and five-cent pieces,
was S74OO, and of bronze one and two-cent
pices, Sl4 400. The whole number of pieces
coined during the month was LEGS ,245. Of the
value of S743,6i5 ", including the gold and
silver fine bars.
COTTON.
There is considerable of q stir among the
agents of several of our fast freight lines and
railroads, in regard to rates on cotton to east
ern points. Several weeks since the estab-
lished rate was 81 10. all rail to New York. and
since then gradual reduction has been made
by the competing lines until to-day. when the
last Gu" reported is to Csc all rail. and Coo
river and rail. Whether this reduction be
true or not. we are unable to state, but have
the best authority for saying that engagements
were made yesterday at zoe all rail. Several
lines have. we understand. withdrawn from
the market.
Sales yesterday were 800 bales. the market
closing quiet and firm. To-day there is a fair
demand and but little desirable cotton offer
ing. Buyers are looking over the market and
picking up lots ranging from five to twenty
bales, the sales up to noon footing up 40
bales. including q strict good ordinary at
1910. 10 strict good ordinary at l3c. 81 strict |
good ordinary at 1294c. clean stains at 1214c, |
so clean stains at lie. 80 ordinary at 10c. GO |
ordinary at 1910. q strict good ordinary to |
low middling at 1876. II low middling at |
1910. ID strict middling at 1910, S low mid
ding at, 1870, IS low middling at 1870. 1870 |
mixed at 9 to 1214c. and strict middling at |
l4hc. The holiday continues at Liverpool |
and other foreign markets. in consequence of |
which we have no foreign quotations.
COTTON STATEMENT.
CHAMBER OF COMMERCE.,
MEMPHIS, April 5.
Stock on hand Sept. /. 1s70........ 1880 |
Received t0-day....................... LUZ