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NEW FLOUR. "Clarksville City Mills." To the Trade, Cheap. HADDEN & AVERY, 206 Front Street. FINANCIAL AND COMMERCIAL. MONEY. PUBLIC LEDGER OFFICE, MEMPHIS. TENN., July 31, 1872. The géneral theme of conversation in financial circles to-day was the suspension of the City Bank, the particulars of which will be found in our local columns. The liabilities will perhaps amount to $55,000 or $60,000, and the assets, though not definitely known, may cover a portion of that amount. Depositors will lose but little, as the line of deposits were small, and already a movement is on foot among the friends of Mr. S. H. Tobey, President, to again establish him in business. We might properly add, too, that the movement originates with his friends in other banks. We trust it may succeed. A receiver will be ap. pointed and the books examined at once. There is a fair demand for money, and rates are firm at 10@12 # cent. FB aunum at the banks. Exchange is scarce, and par is paid for cotton bills, with light offerings, the only transaction being a purchase of $27,000. Selling rates are steady at tc premium. Gold advanced to 115} in New York today, but subsequently declined gc. Dealers buy at 114}. Local investments are dull, and but one transaction -a sale of $50000 Memphis currency sixes-reported at 53c. There were moderate offerings of county scrip, comptroller's warrants and Tennessee money, but no transactions reported.
