Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1883-10-01


MHhPHIa, TEEs., October l. 1888.
The total cleariDgs here last wee
were $765, 2S6 n, and 366, $40 20 NOR
than last week, The total for Septem
Der was 8, 96l, l04 39,and 81 ,2O7 ,326 2
in exsess Of the same month last year
whilethe total for the nine month
from he1st Of January to the end o
September was s35,99O,383 so, an,
1886, 26S 80 more than for the sam
period last yaar. - 4 u q a ~
1 The necessity Of increasing the cur
rency volume hereabOuts, for oounr,
distribution, by drawing on Easter
balances and paying expressage 0
nearly ~ so per thousand dollars from
New York to this point caused re
vision Of exchange rates on the Eas
during the past few days. The new
! figures are / discount on New Yofk
aud New England without grace, and
! Oft where the latter is wanted, while
New York drafts are sold by the
banks at par, instead Of l premium as
before, No change has occurred or
New Orleans, where buying rates are
discount and selling at par. The local
money market is rather closer, though
capital is in ample supply for all legit.
innate demands, and commercial paper
is discounted by the banks and other
money lending corporations ats pei
cent.
The reduction Of the public debt
during September is reported at about
SO, 100000. The national treasury
has cash onhand at present amounting
to $54O,992, Oo2, of which 500, 735, g..
is gold coin and bullion, over LAG, 1000,
600 silver dollars or bullion and small
silver coin, and nearly s52,OOO,OOO il
United States uotes.l The outstand
ing gold certificates at present amount
to $5575l,O IO, and silver do ST. ,sS6,,
99l.
The latest reports Of the value o.
Tennessee State 6s is 36, q decline O
2 below sales Of few days previous
A sale Of $4,000 railway aid bonds L
the Little Rock, Pine Bluff end New
Orleans railroad was5 made il New
York during the week at 40. All
classes of,uncurrent and State bonds
and securities are dull in that mar.
ket, as finances are rather close. The
bank reserve fell of there last week
u ,Q82 .525. and the amount now held
isOuly $S74,s25 above legal require.
ments The weeks decrease Of cash
was $3,9l,SOO. The quotations for
prime mercantile paper in New York
are 8 and per cent. Government
bonds have advanced one cent on the
Is, to l2lii 10 on the 4Is, and 3s de-
clined 10, to 1914.
Stocks have varied but little. Mem.
phis and Charleston is 40, and the
same as a week ago, Chesapeake and
Ohio, l6 and unchanged; Chicago, ST.
Louis and New Orleans, 50 and un-
changed; Nashville and Chattanooga
90, and II up Louisville and Nash
vile, 5O3, and lBupf Mobile and Ohio,
Ut, and ] down, and Missouri Pacific,
97t, and I down. ~ s5 diN y
The failures last week throughout
the country were $50, against 1888 the
week before, and the heaviest disaster
beiell the clothing traffic, the liabili.
ties approaching 100000 in this line.
The total failures for the past three
months were 1870, with liabilities Of
f52,OOO,OOOs Same time time last year
1900, with liabilities Of $l8,OOO,OOO,
The total failures for the past nine
months were 664i, with slls,OOO,OOC
liabilities, against 1887, with liabili.
ties of $l67, 100000 last year for The
same time. In Canada, for the past
nine months, there were 1000 failures,
against 537 last year for the same time.
This city and the surrounding country
Is in an exceedingly healthy con ditior
at the present time, and the prospects
for the future were never better. The
disasters elsewhere have not been fell
here.
The total imports of specie into thii
country since January LIST sums VI
Sl2,52l, S77, against $2,97l,O7l last
year, and the total exports have beer
81, 67O,375, against. III, l37,O64 sam,
time last year. The total imports OIL
commodities Iince January LIST sun
up Sl5,894,l24, against 1886. 1862, 81
last year for the same period.