Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-04-27
FINANCIAL AND COMMERCIAL.
PUBLIC LEDGER 0FVIoK, |
MEMPHIS. TENN. April q. 1871. !
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The Board of Cotton Brokers and Buyers
held meeting yesterday. the proceedings Of
which will be found elsewhere. The sun came
out beautifully this morning. and business
seemed to be much better than for several days
back, though it is mid-week and usually tho
quietest day Of the six. Planting goes on with
vigor, nd general belief exists that we will
be no fu rther troubled this season with high
water. The stock of plantation supplies on
hand in this city is large. and prices are weak
on many leading articles. though it is not ex-
pected they will be any lower.
The folio wing sales were made to-day on
Change: leo sacks oats. 6Sc; 50 barrels meal,
So 20; so do. $S 20; 100 sacks corn. zoe; 100
cases oysters, p. t. Meats are lower than yes
terday. having declined about nc all round:
BAooING-Is quiet at 2l@23c. with very light
BEASs : Navy. 50 25@2 so; white mixed,
BGcoS-Clear sides, lO@lOl4c; shoulders, II
@79lc; bulk sides, clear, 9@e1kc; shoulders,
&c; sugar cured hams, l5@l7c
BRAN-Sl 35@1 40 o 100 in store.
BUTTER-GOod Western, 25@32c; inferior.
| dull and nominal; new grass. 3O@S3c.
CoTToNsEED--S9 % D ton on leyee.
Corn MEAL-Firm at S. 70 on levee. and u %
| as so from store.
EGas-In good demand at l69l7c.
FLOUR-Steady at Sc OOg9 W for super to
HAY-s16 O0@22 90, as to quality.
| IRON TIEs-5@6c.
LARD-In kegs, lSGl4c; tierces. 111z@12c;
caddies. l4gl5c.
MoLGssEs--Louisiana, 10000 in barrels;
.vrups, 3og75c.
Itnrt TpV--ChiaEanq 81 hflfnT ~ with light
u1 Po. rAToEs-New Southern, 81 OO@s 90 y bar
rel o.ld, 81 50@2 50 u barrel, and dull; sweet,
P gy Mess, $40 OO@9O 90 in small way.
SALT-,s2 25@2 S5 D bbl. 81 6O@l IS D sack.
SUGAR Louisiana, Stgl2c for common to fair,
l2al4c for yellow and white clarified; refined,
crushed an, powdered. l414@li1Sc; Coffee, a.
and C, 1214 @l314c.
MONEY.
The money market is remarkably dull for
the season of tn o year. and business of all
kinds seems to ha We stopped still without any
apparent cause. Old merchants say they
never experienced so quiet an April before,
and look for no marked improvement until
the fall trade sets in. IT'S true that the pres
ent cotton crop will not realize within many
millions what it cost to raise and put it on the
market, but then everything the planter has
to buy is relatively cheap. Meats at lO& to
lie that used to sell at 1 to 100. -four at nearly
one-half what it was a few years ago, and
dry goods at anti-war prices. should certainly
20 far toward making up for the loss on cot
ton.
Our banks report everything moving slug
gishly. Balances are generally largo. with ne
particular demand for money. Exchange is
making slowly, except on New Orleans, of
which there is plenty offering. This is gener-
ally the case when the discount is against our
merchants. Buyers in Mississippi who owe
bills here and ship their cotton to New Or
leans, as n rule, remit exchange on the latter
city, and the merchant here loses the * to 10
discount charged by the bank. Rates on East
ern bills are firm. City coupons are quiet at
IS to zoe buying and selling. County warrants
are in demand at ne buying. selling at "A to
75e. Stocks and bonds are nominal.
obrroN.
The New York market declined yesterday,
and at noon to-day was unchanged. Liver
pool opened some firmer this morning. and at
noon all grades advanced I'd. Our market
was very dull. with holders FIRM. asking from
4 to &c. and in some cases lie above the views
of buyers. Some stains we're taken at 10 to
lie, and few pick-ups were reported at about
yesterdays figures. but no sale Of any impor-
lance. One seller offered a table Of 300 bales
average low middling at 1870, but it was not
$, Nd at noon.