Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1881-08-10
OOMMERCIAL.
PUBLIC LHDeEE oyyICs., T.,


From 1850 to 1880, period Of thirty
years, the United States gold coinage
consisted of $92O,OOO,OOO in double
eagles, $44,OOO,OOO in eagles, $4,000
600 in half eagles, and $42, OOO,OOO in
pieces Of smaller denomination.
During the present month the coin
age Cf standard silver dollars will be
one million dollars at the San Fran
cisco mint, nine hundred thousand at
Philadelphia, and four hundred thou
sand at New Orleans, aggregating two
million three hundred thousand dol
lars, which, at average July prices
will amount to trihe over
two millions worth Of bullion, the
minimum amount required by law to
be coined monthly.
The value Of silver bullion at pres
emit in London is 81 5-l6d per ounce,
making our standard silver dollar
worth in that market 86lc.
The gross earnings Of the Pittsburg,
Cincinnati and st. Louis railway for
the past year shows an increase over
last Of q per cent, mostly from freight,
while the operating expenses has
been So per cent, against 800 last
year, and savings in other depart
ments increase the net earnings to 81
per cent. Out of the surplus the
company has paid $4,000 back in
terest on second mortgage, and it's
expected this years increase will
enable the company to pay of all old
scores, putting it on a dividend
paying basis, A 100000 tunnel is to
be cut four miles west Of Steuben-
vile. 1t will be 1900 feet
long anu saves q miles dis
lance as we'll as some bad curves
and grades. Reports Of other connect
ing railways show general increase
in the average rate of freight while In
most Of the lines the average rate o.
passenger fare has decreased. YET
the net revenue has increased. The
Pittsburg, Cincinnati and st. Louis
railway closes its business year with Q
surplus Of $97, $50 to credit of prof.
and loss, and 1866, SIS cash on hand.
A meeting of railway managers ant
agents takes place to-day at Saratoga
N. Y, the object being to put stop
If possible, to the ruinous rates ofpas
sage now current on various Northern
lines. It is generally believed tina
the magnates will not effect anythinl
in the way Of compromise. The trou
bic began by the roads leading ives
from Boston not adhering to thei
agreement to charge 81 per passeuge
TO the northwest above the rates fxe,
from New York to the same points.
Exchange rules quiet, and moves i
light vOlumne, rates being par to ]
discount buying and ic premium sell
ING for Eastern, while on Ne'
Orleans there is little doing at to dis
count buying and par selling
Uncurrent stocks and SECURITIES ar
quoted as follows:
Sbsl;,y county bonds, per cts.....lel @lc3
HSnha ttan Bank stock ,......s.......le0 @i70
1inion AID Planters Bank stock......l20 @l25
Serman III tional Bank stock.........00 g.
Rank of Comuerce ock.............l90 O.
State National Bank stock......"..ll4 Oils
Memphis gas stock ,.................. II g "
NSfnphis gas h0Bdg per cents...... " g '
4 First Matt nal Bank SOC k......'......l02 bid
Fernando Insurance Stock, ,,.......l8 O.
Pianters Insurance stock .s5s,,,,..l0l gl05
Nemphis City Fire X Gen'l ins~,.,gg8 9 y
Homo InGHfan zoe, ..........'.'.'''..''s y ~
Veoples Insurance stock..,""."..~ w g "
Nulf City stgek..,,,,,,, " =
"a Dnix stook.,s.,s,y........s,..'.. " y ny
q tesippi and fcpnesess stock" q @ "
iss Z, R, r. bonds. A..,.ov,.......llSSll sl SSSS
~. B-.......,,.,,,,l0 @l2i
4" - n fsty, Te 1i1 MII7