Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1881-09-01

~u."""o.... 81 $4,000
The paid up capital Of the foregoing
Companies is, Bluff City, SOC; Memphis
Fire and General In%surace, Zoe; Home,
55c; PhGnix, 80 per cent. The re-
naming companies not fully paid up
are as followers: Bluff City, SOC;
Memphis Fire and General Insurance,
75c; Home, 55c; Phoenix, SOC. The
others are paid in tull. The value
Of their respective stocks in the
open market is given as follows
fernando, 1913, Planters, i6f; Home,
Sc; Bluff City, 50; Phoenix, so. Bank
stocks are quoted as follows; Union
and Planters, 1925 per share; Ger
mar National, 5000 per share; Bank
of Commerce, Sl20 per share; State
National, SIG per share; First Ma
tional, $40 per share; Manhattan, $3.50.
EXCHANGE.
The present bankers rate of ex-
change is par for bills on New York
and points farther East, if carrying no
grace and 81 % discount per thousand
when grace is asked on points in New
England. These figures ruled at this
date last year, but on the 22d Septem-
Der they we're revised to aud sc dis
count Tor Eastern bills. On the 26th
of January figures were again revised,
buying rates being ! to fc discount
for Eastern bills. For several sue
cessive weeks a cotton blockade wei
Eastern transportation lines caused
light offerings, while a heavy demand
sprung up for drafts on New York.
On February 18th a change Of figures
again occurred, bills being taken from
that time to April 7th at par to &c
discount. After March 7th to April
9th rates were fixed at to tc dis
count for Eastern bills and since
April 9th they have ruled unchanged
at par to bc discount. Drafts on New
York have varied during the season
at from par to to premium. On New
Orleans exchange has ruled at the
uniform rate of ic discount buying,
and par selling, throughout the sea-
son.
FLoUR-RECEIPTS 2Os,6JO BBLS.
The total receipts Of the season in
dictate tat an average of 1000 bbls per
week are necessary to supply this
market. The value here during the
season ranged for family and medium
grades at 81 % to s. IS for extras and
IS IS to 81 % per Dbl on family and
choice. Low grades of -four have met
little demand here, until within the
past two weeks, since which time a
good request prevailed, meal having
advanced to a figure so steep that
many prefer to buy the ordinary
grades of flour instead. The price Of
-four last September ranged from 81 Is
to So rs per Dbl for medium and
choice. The lower classes fell of SOC
per Dbl during the midwinter and
spring season, while choice luctuated
between So 20 and Sc % per Dbl until
three months ago, since which timeall
grades have advanced full 81 per Dbl.
OBSERVATION-DISCLOSURES 92,s25 BBLs
1t requires an average Of 1900 bbls
of meal per week to supply the
market. The wholesale value of it
has doubled during the past twelve
months. During last September it
ranged from 81 to 50 25 per Dbl,
swinging along between these figures
for a time, touching 81 s. per Dbl
during the winter, going above 50 per
Dbl three months ago, and at no time
dropping below 1915 since May. Ten
days ago prices advanced slowly until
"a per Dbl was touched. The tone
closes easier, but low prices are not.
anticipated inl view Of the scarcity Of