Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-03-10
FINANCIAL AND COMMERCIAL.

SOUTHERN STocKs.-The ruling rates OF
Southern bonds and stocks last SATURDAY in
New York were Mobile & Ohio. sterling, at
7l@72; Mobile a. Ohio, eights, 6i@G6; Missis-
sippi Central railroad, first mortgage, 1904;
Mississippi Central railroad, second mortgage,
$500; Memphis & Charleston, first mortgage,
si@85; Memphis & Charleston. second mort
gage. 1876; Memphis and Charleston stock,
l2g43.
And of Southern city bonds the following:
City Of Memphis skies, 5l1z@52. The market
the past week has been moderately active in
the whole list of Southern securities. If cor
poration management in some quarters, and
management of State finances were such as
they should be, there is no reason why the
whole range of Southern securities should not
commend themselves TO general investors.
The closing price of Southern State bonds on
Saturday was as follows: Tennessees' ex-
coupon, 55Ca56; Tennessees' new, 46149464 :
Tennessees FIVE per cent, 4l@43; Virginia's
new. 64lS@65; Georgia skies, S29S3; North
Carolina ex-coupon. 46@46l9 North Carolina
new 25g26; North Carolina special tax, 2312
@24 Missouri skies, 93l to 81; Louisiana
SKIES. III to Il; Louisiana sevens, u to 49,
Louisiana leyee skies, 6912 to 7O Louisiana
leyee Fights, 70 to 81 Alabama Fights, 81 to
op6: Alabama fves, 63 to g.; South Carolina
SKIES. So to 80; South Carolina new " to 81.
MISUNDERSTANDING is still sold at an q pre-
mimi. though the rates are somewhat irregu-
lar southern bonds and stocks are in de-
mand. and all sorts of money is coming out OF
its hiding places. Gold and silver rise up
from most unexpected places. and where there
was seemingly none, it abounds. City
scrip is very weak in the loins, and little de-
mand Mt re. County warrants are slow and
may be bought this morning at 76c, and Ten
nessee money at 74c. If New York banks adj
here to their resolution to pay out coin instead
of shinplasters when required, the resumption
of specie payments may be universal and per-
manent.
Day GooDs.-Stewart and Clafin, two
money monopolists who govern Congress and
: hape its legislation at will through the sheer
for, ,e of gold, have been at war with one an
othor Cor some days, and in conducting hos
tiI;t;es have entailed heavy losses upon the
,,oroban,s of the country. The contest was
booun hv Ste wart, by marking down prints.
Clafip followe,S. the example, and many small
dealers are ruined. What care the merchant
princes. and why sh, puld Stewart howl because
a few debtors. through the bankrupt act, have
osoonod b;s clutehes? Has he not power
ononsb9 Isn't Congress his tool. and doesn'
Grant do his bidding? But the prints arr nat
and the war between Clahin ana stewart pro
crosses, and no one can tell where II may emu
R1cE.-There is sad deficiency OF labor IN
the rice-growing districts of the south' Ne
proes who used to wade about IN tne nee.
fields. having deserted their homes and dried
themselves in the sunshine. of villages ano
cities, refuse to return to the scenes Oh theh
tolls, Seven or eight cents per pound MAKE
rice crops very remunerative, and the qualltS
Of rice grown in Louisiana is constantly I'M
proved. The crop Of the Pelican state VIII
not. this year, exceed 100000 barrels clean.
CoTroS.-The market yesterday was veal
and Auttered like the pulse of death. There
was some speculation, and 500 bales of low
grade were sold-9l7 bales were sold. Stric
middlings ut 2Oc middlings at IL to l912; low
middlings, 1sc; good ordinary, l6 to l71sc; low
ordinary and ordinary, ID to l5c. UP to nool
to-day zoe. was the asking price for lists
middling but we hear of no sales this pric'
being above the views of buyers, and the mar
ket is unchanged A private dispatch from
Boston, says: ~ am offered middlings de
l;vered from Mem phis here at 2O19c.
srocK on HASD.-The stock of cottoI
shipped away by boats for the last forty days
since the stock was last counted, has been les
than reported by steamboatmen, and that re
eeived by wagons much greater than was estl
mated, and the stock on hand is greater thai
was supposed.