Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1880-10-06
COMMERCIAL.
PUBLIC bEDGER OPFfoR,f
TENN, October 6, 1890.

Our money marke is quiet with a
light demand for mercantile discounts,
rates quoted being steady at per cent
There is no speculative movement in
stocks or bonds. The most productive
meet occasional sale, generally for in
vestmenis. Exchange is steady with
increased offerings of eastern cotton
bills, the banks taking all freely at
/ to &c discount, and selling New
York drafts at par. New Orleans
rates are par selling and lc of buying.
A free movement of currency, inelud-
ing considerable silver and some gold
coin, is noticed to interior merchants,
mainly for cotton buying purposes.
The last weekly statement of the
New York banks gave their specie
volume at $65, 147, $50, and their legal
tenders at sl3, 1877 ,2OO, their deposits
being S294,8lG,9O 0
The New York price of Memphis
city bonds at the close of last week
was 80, and for consolidated ditto 45.
an advance of 5 from the previous
report.
Memphis and Little Rock first
mortgage bonds were quoted in New
York last week at So These bonds
bear 4 per cent interest until 1882,
after that per cent. Memphis and
Charleston 1st Is are ITO and DDS l0l.
Mississippi and Tennessee s., series
A, are 1870 and B, 10S@ll2, Louis
vile ard Nashville 1st Is are ll7@
1l9. Memphis AMI Ohio stcrliDgs are
1l8@120, and Others of the same road
and branches at los to LOG. st Louis
and Iron Mountain lst Is are liz and
DDS 1868 to 106; other securities OF
this road and branches range from
8Is to.106. The Iron Mountain road
managers have given notice that on
the 18th inst. the company will issue
1900 shares of additional stock for
the purpose ofplying for certain OBJ
legations, incurred in theirrecent pur-
chase of the controlling interest in the
stock of the Memphis and Little
Rock railway.
Sales Of Louisville and Nashville
railway stock last week in New York
summed up 1860 shares, at prices
ranging from 149 to 100. The gros!
earnings of the road for the thir(
week in September are reported a
$2O6. 400 and since the first of Janu
AIRY So ,2O9,SE AGAINST S3,S543H fol
the same period last year. The grosi
earnings Of the Memphis and Charles
ton railway from the first Of Januar,
TO the close of the third week in Sep
TENDER were $73O,23S against 1923,
654 for the same time last year, tn
last week in the report showing S35,
O66 against s9,68S for tn
same week last year, TIL
Iron mountain railway earning
from the first Of January to the thir
week of September were sl,l46,4l(
an increase over last year for th
same period Of over a million. Th
stock OF the latter road ranged !
value last week from 46I to 5li, an
77,750 shares changed hands. Th
stock Of the Memphis and Charlestc
railway in this market is quoted at a
with a firm tendency.
On the lst inst there was outstanI
ing, according to the report Of Il
comptroller Of the treasury, a total
$3i2, 579,S3j in national bank note
and $3l6,68 IS ,0l6 of legal tender
making the aggregate amount of pap
currency now in circulation s689,2G'
$40. Besides the foregoing there
$l,925,OGO in notes of national 60
banks outstanding.
AT the semi-annual meeting of
Bank Of England shareholders, he
on the 18th Of last month, a divide
of AZ per cent was declared, being
the rate Of 9! per cent per annu
The net profits Of the half year h
been e692, lG9. After paying the d
idends e3,Ol2,97 G of undivided cal
ings remained.
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