Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1857-10-29
Gbs Markets --Iltfst BUTTS

rev Offc1Hs, ks1.-
Cotton sales, 1900 bales. Middling To-
Sugar l0@1l cents Molasses 4o@45. Flou
So 90. Whiskey l5@17. Nothing doing il
provisions. Coffee 9@1o.
Cincinnati. Ohio
The money market exhibited no new fea-
ture. Business very quiet. People who have
paper to offer are generally holding back a
waiting more decided change for the better.
Discount houses are helping their customers,
who have obligations maturing, to moder-
ate extent, and the general disposition appears
to be to extend relief as far as prudent. The
outside feeling continues to improve, but the
progress is, of course, slow.
The demand for New York Exchange was
in advance of the supply again and prices
were very firm. Banker, checked for their
customers, as far as able, at 5 premium. Gold
is also in better demand at premium buying,
and 6@7 premium selling. We hear of but
few produce bills offering, and quotations are
nominal.
Memphis, Tenn
Cotton.-There is yet no movement in this
article, the price stands at from 9@10 cents,
holders asking l0-cents, and buyers are only
offering 9@91s cents. We very much con-
denim the course of planters who are now hold
ing back their Cotton, when 10 cents is good
paying and remunerating price. lift is for
turn in afflirs for the better that they are
waiting, do they not know that when this
takes place every body will food the market
with their stocks. and by these means reduce
the price? In the opinion of those that know,
now Is the time TO send it forward
Md
The money market presents no material
change. Stringency still continues. Although
the actual crisis may be considered past tor
The present, but we are not ''out Of the woods"
md great canton is necessary to be observed |
The banks, merchants. and business men of
III classes are under restraint in consequence !
If uncertainty with reference to the future. !
10 actual stability has yet been attained, nor
AN we hope for so desirable condition until |
more unanimity of action characterizes the en-
ire banking system. 1t is an i'll wind, how
,ver. that blows no good Brokers and private
bankers are reaping harvest: whilst capital
SITS, taking advantage of the low price of
tocks, have been investing largely Business |
emains inactive. A matter of serious con-
is the moving of the crops. This
ent, until our currency and exchanges beeom
lore settled.
A fair amount of paper. but not much be-
ond actual receipts, is being discounted. A
arge mum Der of good to first-class notes are !
ffering on the streets, some of which. meet
egotiation at l b az per cent. Second class
unsaleable. Money on call l Z az per cent
month. Gold has advanced, and is selling
6@1 per cent. premium.
lew Vork, N. Y Il
There is slight increase of frmness in the
Exchange Market, but the BUSINESSES moder- E
&c. Good Sterling is from SO to l03, with
lie bulk of transactions at l00@1 ol. Money
yet too scarce to allow of free remittances :,
' our importers. ALL parties are waiting !
lxiously to hear the effect upon the London !
oney Market of the Bank and Railroad sus-
snsions in this country.
There is less activity in bullion. Gold con-
nues to be bought at 1@12 per cent prem-
n by the brokers, and sold at 2@3 per cent
here is some demand from out of town banks,
peciallY Boston, Philadelphia, Baltimore,
ID New Orleans. In the discount houses the
lsiness shows little revival of confidence,
1t the transactions are still very limited at
pei CcHb pei ict ulSJ CidSo udlllcS,
it'll ain occasional transaction lower The :
INKS evince more disposition to deal literally
it'll their customers. but money is still ex-
smely stringent on call, as well as for paper. |
be domestic exchanges are becoming equali- L
d. On Philadelphia the rate is 2l5 @3 per,
mt. on Boston IL az per cent. etc. w
!. houis, Mo ifr
1t may now be regarded as a fixed fact that :,
enotes of all the good Banks established in
e West will have a definite charter and re-
tation, and be the medium for the settle-
ent of accounts, the purchase Of goods and
yments for produce. This is pretty well es- :
blshed by the movement of the State Sa-
Ig Institution; by the determination of thir-
-four of our largest houses to receive them 7
par, after many others had preceded them; n
by the proposition of l.. A. Benoist Sc Co..
open currency account. 1t may be safely In
d now, that currency will again become a q
culatiug medium. and it ought to find its
". readily, to all the markets of the city,
hon thisis done, there will be great allie r,
,tion Of the financial panic throughout the NJ
Y, and, although we may all be compelled OF
live more economically. we shall still have
, means of getting something to eat and to NJ
along comfortably.
,uisviIIe, Ky
There is no chang. to note in the money
rket. But little doing in Exchange, which -
n demand. Brokers rates are 4@5 per cent,
lie the banks dispose of small sums at 2 per
It. Tennessee currency is passing more free
we are glad to observe.
IshviIie Tenn
elbow 20@23c. fP b. -
land les--Mould tallow 800 IA; hard pres
. summer Is; Star 26@2s: Sperm 40@45
1920; Laguyra IA; Rio II w
3. s
geese 40.
irain-Rye $500; Corn 40; Oats, clean 30; :,
leat 6O@75. pm
oak tanned 38@4o; Skirting ag
Hel.,lock So; Harness 35@37H. q
dolasses.--New Orleans 72@75; Sugar I
use 5000; Golden Svrup1 10. L
2O@25; Lard Is; Meal "
Eggs s. y
,alt--B Barrel 40 p bushel; Sacked fine 81 w
p bag; Coarse 81 20. y,
Orleans 12@13i5: HAVANA "
lite 12@14; do brown 11@f6: Loaf 14@16;
lshed 14@ Is; Powdered 15@le- :;
ralow-- Rendered 1O@11 ".
per gallon !oc; per Dbl so '''
Tenn =
'ugar-By hid, 10@l3;.bbl, &c more.
sack 81 25@2 50, coarse So
75c. half Dbl 75@soc p gal. ~