Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-09-30
SPECTACLEsi SPECTACLESi A
III. seehausen's, 245 second Vt. ISL
FINANCIAL AND COMMERCIAL.
PUBLIC LEDGER OFFICE,
MEMPHIS. TENN. September 30. 1870. J
MONEY.

MONEY.
The money market continues to WORK
close, but there has been no change
worthy Of note since our last report. The
banks have an ample demand from their
regular customers for all their available
funds, in consequence of which out
siders are compelled to seek the street
for accommodations. On the A mort
gage paper is discounted at from % to 3
per cent. per month, while paper not
secured by collaterals meets with but
little favor at less than 81. The move
ments in discounts to-day have been
rather active-perhaps more so than on
any other day during the week Ex-
change continues scarce at par buying
and &c premium selling, with some i'm
provement in the offerings of cotton
bills. Stocks, bonds and local securities
of all descriptions are quiet and gener-
ally unchanged. Memphis and Char les
ton railroad shares are quoted at 81 to
37lc. City scrip, Coo buying and 63c
selling. County, lie buying and 73c
selling. Gold is purchased here at 1923
for small and lib for shipping lots. The
street rate in New York is ll3g. The
different boards of that city are not in
session to-day, out of respect to the mem
DRY of Admiral Farragut, whose funeral
ceremonies took place to-day, and in
consequence of which there are no regu-
lar quotations in either gold, stocks or
cotton.
The New York World of the 10Th says;
State bonds were comparatively quiet
to-day, with sales of Tennessee, old, at
the first board at 622c; new, Gle; and
Missouris, 90ic. The dealings at the
afternoon board were confined to Mis-
souris and South Carolina, new, the lat
ter selling at Csc. Tennessees, ex cou.,
62ic; Tennessees, new, COZ to Gle; Vir-
ginia skies, ex cou., Csc; Virginia, new,
Csc; North Carolina, ex cou., 30 to sic;
North Carolina, new, 2Ss to 2S3c; North
Carolina, special tax, 234 to 23sc; Mis-
souri, skies, 9Os to COLE Louisiana SKIES
ex cou., lie; Louisiana skies, new, 659
TO &c; Louisiana skies, levee, 74c; Lou
isiana Fights, levee, SSc; Alabama fives,
72c; South Carolina, old, so to Sic; South
Carolina, new, January and July, ga to
Csc; Arkansas sevens, Toe.
The Sun of the same date contains the
following;
Persons dealing in the unindorsed
seven per cent. bonds of the Memphis
and Little Rock Railroad Company will
do well to apply at the agency of the
State of Arkansas, No. 8 Wall street,
before completing negotiations in them,
as some of them are not good delivery.
The same paper says;
Money is easy at to 6 per cent,
being the ruling rate. The banks are
low in reserve, but the large borrowers
are provided by time loans recently nego-
tiated, so that the transactions on call
are confined to the smaller class Of stock
brokers, Commercial paper is dull, and
approved acceptances are quoted at to
9 per cent, with little doing under u
per cent. Governments are devoid of
speculative feature, and the business to
day has been exceedingly limited, prices
being to 4c of from our closing prices
of Saturday The foreign markets pre-
scented no special activity, American
securities being quiet at fractional
decline.
COMMERCIAL.