Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1880-03-03
COMMERCIAL
PUBLIC LEDGER 0FHCE,
MKMPHIs, TENN, March 3, 1880.

n%ancial center in the country. Prime
percantile paper is discounted at s per
lent among the banks and insurance
companies where a good demand is at
all times to be met, and open market
rates range from 6 to 10 cent.
Exchange is quiet with liberal
offerings of cotton bills. Rates are
$3.50 per 81, 1000 for sight on New Or
leans and New York, and demand on
New England. Sight on Boston,
Fall river and Providence, 1915 per
thousand. Checks on all points sell
at par.
All solvent railway stocks and
securities maintain buoyant position.
Memphis and Charleston stock has
steadily advanced in this market until
it is now close to 40. In New York
during the week ending Friday last,
sales of Nashville and Chattanooga
railroad stock reached 1l5, 100 shares
and yesterday 5000 were added, also
5000 the daybefore. Prices rose during
the week from 1O5 to 1174, closing last
evening at 116.
The weeks sales in New York show
1920 shares of Iron Mountain rail-
way stock yesterdays TRANSACTIONS
added 11,000 shares more, and the day
before 13.0OO-over 10000 shares in
all. Prices varied from Coz to Ga,
closing last night at the latter. The
earnings Of this road for the first six
weeks Of the present year were $9t7,-
OILS, against S5l5,9O5 same time last
year, and the earnings for the third
week in February increased $40, 1O3.
First mortgage bonds of the road are
quoted at l15@ll5l; do. DDS, 1890
lO4 do. income lists, % do. DDS, 84l;
DO. Arkansas branch, 104@l06.
In Louisville and Nashville stock
only 1857 shares sold during the past
week, values vibrating between 1910
144. The net earnings Of the road for
six months, from July to January,
were 81 $50, 755, against 81, 6 200 in
1873. The earnings from January
first to the second week in February
were S9t7 1893, against $671,9 same
time last year. Prices closed yester-
day at 14O9.
The earnings Of the Paducah &
Memphis railway, from January LIST to
the close of the first week in Februa-
ry, are reported at S23,3O4, against
$l8,501 for the same time last year.
The week ending in February shows
1876, against $3l47 same week last
year.
Bonds of the Chicago, St. Louis &
New Orleans railway are quoted in
New York at l1O@1l2 for the first.
bearing 7 per cent, and 112 for those
endorsed by the state Of Tennessee,
The seconds, bearing 6 per cent, are
74l@76. Little Rock & Fort Smith
first Is, are t1O3!@1O3l. Louisville
x Nashville first Is, l20@l2l; Mem
phis & Ohio sterling bonds, rs, due in
1901, are 115@l17; Memphis & Clarks.
vile sterling 6s, cue in 1902, arc 104
@104l; Memphis & Little Rock first
eos are 8S@9O Memphis & Charleston
first Is are 1O3, and seconds 99@1OO
, Mississippi 4 Tennessee IS. A., are III
@12O; do. B., T@1OO. Nashville.
Chattanooga 4 st. Louis first, HOO
116; Nashville & Decatur do. 1857.
In the New York market Mexican
silver dollars are quoted at $4,000
each; trades 99@991 five francs.
92@95c
The quarterly interest of II per
cent on $25O,0O0,OO0 of the U. S,
funded AZ per cent loan was payable
at all U. S. sub.treasuries on the Isl
inst. Not many of this class are held
by the people hereabouts.
There are now about $4,000, OOC
U. S. 4 per cents outstanding, Of
which 1921, OSS, 75O are coupon bonds
and the'remainder are registered in
tho name Of tbe holder at the treasury
department. The value since January
LIST has varied from. LOB to 1911. The
following quotations rule here for un.
current securities: