Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-10-05
FINANCIAL AND COMMERCIAL.
PUBLIC LEDGER 0FPIcE, /
MEMPHIS. Tenn, October 5. 1870. !
MngEY

MONEY.
The demands for discounts to-day is
not as active as that Of yesterday, yet
all classes of business are represented
among the borrowers, and all are equally
urgent in their demand, and as the cur
rency on hand is not sufficient to fully
accommodate all, the banks share their
funds with all their customers as justly
as they can at the usual rates. Ex-
change is being offered more freely in
the way of cotton bills-S2O,OOO was
taken by one bank this morning at fc
discount, and other smaller lots we're re-
ported at the same rate. Eastern checks
are bought at par and sold at ic pre-
MUM. Local stocks, scrips and securi-
ties are quiet and unchanged in every
respect Local railway shares and secu-
rites of all descriptions continue quiet
and unchanged. Transactions in gold
were confined to the purchase of small
lots with one or two exceptions. $4,000
was taken early in the day by one dealer
at ll21, the purchasing rate for small
lots, however, was 4c less. The opening
New York rate was ll3f; it subsequently
declined to li3s, and continued steady
at that rate up to one pm. Govern
ments opened somewhat irregular at
yesterdays closing rates.
Freight rates on cotton to Eastern
points are firm and unchanged. Per
river from st. Louis to this point they
are as follows: Flour q bbl., Soc; pork
2 bbl., Coo; whisky q Dbl, 81 %; corn
p 100 lbs, zoe; oats, etc., p 100 lbs,
zoe; hay p 100 TBS, soc; bacon and lard
e 100 lbs, zoe.
A Washington telegram of the Sd in
slant, referring to the stamps on tobacco
packages, says:
Representations having been made to
the Commissioner of Internal Revenue
that some manufacturers of plug tobacco
have been using small kegs so entirely
covered with hoops as to render it i'm
practicable to attach the stamps to the
sides of these kegs according TO the
mode prescribed in the regulations, series
No. 8, and consequently they have, with
the knowledge and consent of the local
officers stamped such kegs upon one of
their heads; and further, it having been
represented that several seizures have of
late been made of these kegs, in conse-
quence of their having been stamped as
above, the Commissioner has notified
parties interested that, upon application,
he will order the release Of all such kegs
so stamped by the consent of local Off
GERS, and removed from the place Of
manufacture prior to October LIST, pro-
videa that this is the only cause of such
seizure; but hereafter, as these manufhc-
turers have already been informed, all
kegs used for packing plug or other de-
scriptions of chewing tobacco must be so
constructed as to allow of the stamps
being attached to the side as prescribed
in the regulations.
The same dispatch notes the following
reduction in the price Of stamped envel-
opes: One thousand note size three
cent envelopes, on which the old price
was S3I, now cost s32 80; and letter and
official sizes are reduced from $34 so to
1913 20, and from s3S 60 to $34 so, re-
spectively. Newspaper wrappers are
reduced from s2l so to $2l so per
thousand.
State securities closed dull at New
York on Monday evening at the follow
ing quotations: Missouri, GOT; Old Ten
nessee, g.; New Tennessee, 6Ol; New
Virginia, 6sl; Old Virginia, 60, Old
North Carolina, sOi New North Caro-
lima, q.
COMMERCIAL.
The market to-day is without any de-
cided change-the demand being fully
equal to that of yesterday, and transac-
tons at about the closing rates of last
evening. The sales reported up to noon
foot up about 400 bales, at l3i to lac
for low middling, with an exceptional
sale at ic less; and IA to l4ic for mid
dling-the latter being an outside price
.-l4ie being the average price paid.
Some few bales Of stained and mixed
we're bought at 10 to lie. We quote
ordinary to l1lc; good do l3 to l3lc;
low middlings lsi to l4c; middlings IA
to l4ic; strict do l4lc. The New York