Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1882-02-09
COMMERCIAL.
PUBLIC LEDGER OFFICE
'urfprro Turu Hahruar., q 1900


The leading topic in financial circles
last evening and to-day was Tennessee
State bonds. They closed in New
York last night at 66lc for the old
and 7O3c for the new, a decline since
Monday evening of 3sc for the latter
and 73c for the former. Private dis
patches received by brokers and
others in the city from Nashville hint
at probable decision by three to two
by the Supreme Court in favor of sus-
tanning the injunction and against the
legality of the 1908 act. This rumor
has evidently spread to New York and
abroad, or the value of Tennessee
bonds would not have dropped off so
materially when all other securities
are advancing, or exhibit an upward
tendency.
TIE latest London quotations for
silver bullion is SD, making the
standard American dollar in that mar
ket sac. Mexican silver dollars are
quoted in San Francisco at 891a9Oc
and inss,,New York at 85a95c. Five
franc pieces are worth IS to Csc.
The statement of the Bank of
France on the 18th of last month gave
the cash on hand at 1903, 1856, 1888
francs, an increase over the previous
week of 1864, $3.50 francs. The amount
is divided into gold 663,8l9,587 francs
and silver 1,l45,636,6O6 francs. The
marked decline in leading French
stocks on the Bourse at Paris for the
two weeks ending January 10, may be
realized by the statement that shares
OF the Bank of France fell from e235
to GOO: London Bank, e38 to e24s;
Sues canal, 9l36 to eSS9; Credit Fon-
cier, 972 to G643, and Union Generate,
e126 to 952.
The Bank of England's statement
On the the 18th oflast month reported
gold coin in hand at EGO, SAG, 1852; cir
culation, E25,443,49O; deposits, e28,,
1913; reserve, Gl0,856, 1852; circula
ton over coin, e4,893,538; deposit,
over reserve, Ell, 695,516.
Government bonds closed steady
in New York last night quotations be
ing as follows: -Four per cents 1881
43s 1l43, 5s 1921, SIS 1921, 5s lOl
L. & N. stock 93I; against "a! las
Saturday; NJ. & O. n; Nash. & Chat
83l; O., St. Il. & N. 0. so, and NJ
& o. 32f.
a The money market here is generall
a quiet and unchanged commercial dis
A counts rule at to s per cent. Elk
change is steady, Eastern cotton bill
are taken at to tc discount Will
bills on New Orleans are tc off. Draft
/ on all points east and north are /
premium and on New Orleans at par
Uncurreut securities are quoted a
= follows:
= Shelby county bonds, per cts -...l00 @l03
d Manhattan Bank stock.......... ,.. ls0 @lSO-
4 Union and Planters Bank stock......l22 gl25-
! German National Bank stock.........3 700 @2l0-
: Bank of Commerce stOck..............l20 O.
= State National Bank stock bid
Memphis gas stook....-"...........-..S 30 @ 81
Memphis gas bonds per cents..... 95 g.
First National Bank stock....~.....l24 @lAl-
HernandoInsuranc Stock...,......,ll5 @lU1
- Planters Insurance stock.....,....106 bid
n Memphis City Fire h Gen'l Ins........N bid
Home Insurance. q 6O-
n Peoples Insurance stock............ so q ~
BluH City ~ q VI
n Phoenix stock ACKNOWLEDGEMENTS 80 q 30
II Mississippi and Tennessee stock. 68 q IS
II n. & T. h. Y. bonds, Accommodate ,5l3l-
n B-...........1l9 GIL
L ". & @. r. r., LIST "A. 7s................1l4 G
n Memphis City 1ndebtedness...........2 6 q go
Memphis City Bonds, Consolidated IS q 49,
N, & L. Rock r. R. Bonds, LIST milf @l20
Miss. Levee Bonds, Dist. 1............ 10 @ ~
: Liz. Bonds .,....,..... IS a go
Miss County, ATkanws, Warrants 80 q s.
Crittenden county, Ark, warrants 80 q -
Dosha county, Ark, warrants....... 50 O.
" | Rnpk of Tam -naxy IN d.