Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1879-12-10
COMMERCIAL
PUBIC LrDoEa orgIcr,

COMMERCIAL.
PUBLIC LEDGER 0pF1cE,
MEMPHIS, Tenn, Die. 10, 1871
The rapid fluctuations in the lead
ing commodities of trade, and the un-
usual oscillations in stocks and other
fl ancial values in Eastern markets,
has had no ~perceptible effect on the
local money market. We are work
ing along easily, and a considerable
amount of idle capital is reported here,
the owners of it being shy of making
investments either in. securities or
realty. Several budgets O bank in
surance and gas stock, together with
building and loan shares, are for sale,
but bidders appear scarce. Gas stock
is quoted nominal at s.; Shelby coun-
ty warrants steady at 88 to 80; M. 81
q. railroad stock fat at 10; others are
heard Of, but no quotations are report
ed. Mercantile paper is discounted
by the banks at 8 per cent, while
outside loans range from 6
to 10 per cent. Exchange
is active, with free offerings
of cotton bills, especially on points
East. Rates are unchanged as follows:
Sight bills on New York and Phila-
delphia, and demand on Fall river,
Boston and Providence are taken at
&c discount, while sight on Fall River
is &c discount. On New Orleans
sight bills are lc discount. Checks
on all points are sold at par.
Cotton.
The market here to-day opened
this forenoon with less strength, owing
to the weaker tone of dispatches from
other points. A feature of yesterday
business was the liberal sales to ex-
porters, the improvement in prices
labroad enabling them to get in at
Figures which promises them a chance
for favorable returns, a feature for
some time past denied them. Sales
yesterday were 4,100 bales, divided.
2,0O0t to exporters, 1 200 to spinners. and
400 to spectators. The market held
strong at J to lc advance during the
day.
COTTON ExoHAEGE QUOTATIONS.
standard international Classification
rulnary.".".".".,...s.....,."r... .,..,- a.
UOod ordinary. .............- all36
LOW mlddlng",..-......... ................- al2N
nlu9Ilhg ;.;Y:"..-..e", ..."....."-.........- al2N
uVy9 iu9Llng"..".,.,,,,. ...,.......-.,-- al2M
ulluullnB AaT'''''r''' ."-s.-...-..... .......- al3ts
Present rates OF freight from this
point are as follows On cotton to
the east are lie per cwt, to Baltimore,
72c to Philadelphia, 74c to New York,
79c to Boston and Providence, and SOC
to Fall River for all rail, and 20 per
cwt. less by rail and river. Cotton by
river to New Orleans $1.25 per bale;
oil zoe per Dbl coke $500 per ton.
Freights from St. Louis per river zoe
per cwt. and 4Oc par barrel.
The receipts of cotton at all
United States ports since Fri
day last sun up 1894 bales against
1874 bales last week on the same
day and 1887 bales last year.
The total receipts of cotton at all
United States ports to date are 2.484,
IA bales, against 2,O55, 75S bales at
this date last year, and 1,798,214 the
year before. Excess of receipts this
year over last 428.4S6. The stock on
hand at this time is 729,O73
bales against GAS, 942 bales at
this time last year, and 1856,
|2l5 bales the year before. The
foreign shipments to date are 1,327, 1852
bales against 1,11O,495 bales at this
time last year, and 1884 bales the
year before.
The visible supply of cotton at New
York on Friday last, as made up by
the New York Chronicle, aggregates
2,12S,505 bales, an increase compared
with last years supply at this date of
1926 bales, and with. the year before
of 1884 bales.