Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-04-17
FINANCIAL AND COMMERCIAL.
PUBLIC LKDoER OPprcE, /
MEMPHIS. TgNH., April IL, 1871. (

PUBLIC LKDoER 0YyrcE, /
MEMPHIS. TEEE.. April II, 1871.
Business in all branches Of trade during the
past week has. Notwithstanding the rain. been
quite active, and shows a marked improve
ment over that done the week previous. AS a
general rule. however, country dealers are
purchasing lightly and order barely sufficient
to supply immediate wants. In dry gobds,
boots and shoes. hardware and other similar
branches. there are few If any changes to note.
Our leading merchants have full stocks. and
report larger assortment than has previously
been brought to this market. Country dealers
would do well to make a note of this fact, and
to satisfy themselves. visit the leading houses
Of our city. Groceries are steady and prices
unchanged. Provisions are weak and prices
a shade lower. Grain and feed of all kinds il
in good supply and prices are lower than
week ago. The prospects for a busy week in
all branches are good. In the general market
business opens brisk to-day. We quote job
bling prices of the leading articles as follows:
Bagging is quiet at 21@2ic. as to quality;
iron ties, 5@6c; beans quiet at so 0O92 40;
cottonseed is in demand at 50 90 q ton
on the levee. buyers furnishing sacks;
butter quiet at 33@34c for choice; corn meal
quiet at 50 25@3 40; corn quiet at Tl975c; hay
quiet. so 0O923 co.; oats quiet at 63@65c; bran
easier at 81 35@1 As u 100; -four dull-super,
SO C0@6 rs; extra. SO so; double extra. So 75@
90; treble extra, 81 5O9S 90; fancy, IS 500
9 co.; provisions dull--mess pork, $40 5000 IS /;
bacon clear sides, 1O54@1lc; shoulders. $40
SIC; sugar cured hams. l51z91612c; dry salted
clear sides, 912@914c; clear rib sides 4991ac;
shoulders, 79714c; hams, 129l214c; lard, in
tierces. l2I4912lzc; kegs, 1S11@l4c; caddies.
l41z9l514c; potatoes quiet at 81 1903 50 o bar
rel.
offerings on Change day were on a larger
scale, but as was the case last week, grain was
the principal feature; 1850 sacks white corn in
store was offered at zoe, and 400 sacks on the
levee at tic; 100 bales hay was sold at S23.
MONEY.
The money market presents no new features.
In all its departments there is continued ease
and lenders are only anxious to discount
larger amount of undoubted paper. as their
funds are steadily accommodating. In bank the
rates of discount are easy at 9 to 10 per cent,
and in the open market the outside rate is the
nominal quotation reported by brokers.
Exchange is scarce and in demand; buy
ing rates on round lots are 81 % to 81 50
per $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 0rleans-1ac discount buying. and
par selling.
The demand for county scrip continues ac-
tive, and there is but little if any ofTering Tic
is the rate offered by dealers to-day. and 70 to
73c is the selling rate.
Bank of Tennessee money is bought at
75c; selling rates are 76c. Memphis 6s
are bought at 55c and sold at 5615c.
Collaborating bonds are 50 to $50 buying
and selling. Mississippi and Tennessee rail-
road stock is in request at loo. and is sold at
zoe. Gold is offering in limited amounts, 10
was paid by dealers this morning. while the
counter demand was supplied at 1l024.
COTTON.
The sales on Saturday were $50 bales, the
market closing quiet and without any notice
able improvement in the demand. To-day the
offerings are better, and holders. though I'M
willing to make concessions on the better
grades, make slight reductions in disposing Of
low grades. Sales up to noon we're 275 bales,
including clean stains at l2c. so ordinary to
strict ordinary at 90 to lie, II middling at
l4]4c, 20 low middIing at 1871 to 131ac, 10 low
middling at lS14c, AZ low ordinary at 81 to
SIC, and 80 ordinary at l2l4c.
Receipts for the week ending at noon to-day
are 1904 bales; exports, Sll6, and sales 400,
against 60lS received, 12,s27 exported and 67OO
sold the week previous, and 3e42 exported cor
responding week ia 1870. Total receipts of the
season to date are 463, 3i2 and exports 449, $3.50:
for the corresponding period last season re-
ceipts were 2i6, coo, and exports 296, 935. show
ing an excess this year of 2l7 ,3i2 bales in re-
ceipts, and 3D. 54 bales in exports. The stock
on hand at noon to-day is s.233; on the same
date in 1870. according to the reports of the
Chamber of Commerce, it was II. l67. Receipts
during the first fifteen days of this month wore
1885; exports. %. sO5. For the same time in
1870 receipts were 1922 and exports 747S.
COTTON STATEMENT.
CHAMBER OF COMNERoE.l
MEMPHIS, April IL. !
Stock on hand Sept. l. 1S70....... 1850
Received to-day......-................ vs.