Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-09-10

to be beznnlng 10 realize that they heve the game in the
hands exclusively and that the outside public, whom thu
chiefly rely for their profits, ast7nng from all participants
in the contest between the balls aud bears The possibility til
outsiders may at any moment and the Obyiousease
which could be Effected OpeIaet check the bearsh oper
tons those who believe that stocks high And thu
between two stocks DUH the Stock Exchange
interesting"
the Philadelphia Stock Exchange the 4h, e shar
Planters Bank OF Tennessee stock sold at 1oO and shares Unio
Bank Of Tennessee at 1907.
The New York Hra in lis review Of the week ending the At
says soney decidedly shade higher No loans are mad
low as per cent. Call loans rule from 81 4 elias
endorsed short dated paper AZ to s. good paper longer dates
CO.. according to quality The increased value money
not so much arisen any demand capital for business pur
pOes from general apprehension in banking circles tn
bank loans high enough and that moderate contraction vii
soon become prudent and necessary we'll that larg
shareof the Of consts advances OF govern
and other securities which the money could be Obtsine
itWere required; but s, there doubt that
sudden calling the part Of the banks would
lowed by injurious and the necessity for spasmodcs had
better be avoided At present prospect Of heavy shipments
specie Europe Exchange just about the
specie shipping point remain above long enough to
stimulate regular and free shipments It certain that
no apprehensons Of falling OF in the California yield
entertained unless reports be strangely erroneous remit.
anoes Of the precious may shortly expectation Frasers
River"
In New York the 4h Exchange closed firm 1905 9C9S
London, (. 5.l9}5 ct 5IllI to The dollar Paris.
The Augusta Chronicle Sentinel says of Cotton:
The demand has improved and prices have advanced &c
2aI21S Bliding Fair le Tie receipts Of Gotten are
increasing, and quite active business is doing for this early pc
riod of the season.
The course Of the Cotton and Tobacco trade during the past
commercial year may be gathered following extracts
from annual statement of the New Orleans Price Crreato
the lst inst.
Corrox-Up to the time Of closing our last Annual Review
of AT
arrival being from Texas the 18th August and the
first from the Mississippi Valley on the 2 of that month The
considerable portion Of which nearly unsaeabe quo
tations little better than nominal at l q 49, for
consequently opened with very quiet Appearance during
the first week in September the sales only about l20 bales
including the crop l5l5 Middlng to
MddIng, the receipts Of during the week reaching
barely $50 taes The arrivals OF the next two weeks, however,
liberal amounting to nearly 1900 bales crop,
Of which over OOO were sod win an advancing market not
Exchange Sterling having declined about per within
the two weeks and quoted Mdding l5s a So cents
H. The pressure in the Money Market increased and in the
last week Of September Exchange on London declined to par
Cotton however, had continued improve up 70
the Goth of that month, en- which date our quotations
follows:
Inferior old crop 6GIO
o Ordinary 6.,,-.-- g. al Il q I3&
Low ShddHns new crop Cd
a ai@dI mlaainr i 49,: e e i iss
Mddling Fair l6I a l6X
Fair Il O.
These we're highest prices reached during year. and also
embraced about eOO bales and the average price Mid
ding Isl %. The opening October ex-
downward Sterling Exchange falling during the 6st week Of
the month to cent discount for clear bills and the
discount On the 9Th reduced quotations 81 a
o. cents for Mddling to Strict Mdng, showing decline with
three weeks of fully Ga cents per b, Exchange London
giving way discount and sixty day bills
on he North being entirely nsliebe Le gloom Of t Teri
increased by aiyices from 18TH Of the
suspension OF specie payment by all the New Banks
ducng panic With resulting our City Banks,
Gle payments the day slight reaction followed, and with
some limited facilities in passing Exchange the Cotton market
for Ncding improved to 9 10 cents ID, the average price
The reported 1890 bales. Early
November the market further relieved, to extent by
London had advanced having ruled below that during
period Of nearly six weeks and sales being made
stances as low as 10 a ne per cent discount During the sever
y Of thepressue many planters withheld their Cotton from the
port only Ig5CO halls against 347O0 bales the
period Of the previous This large falling
November prices further recovered fully cents b.
Middling subsequently fell of 4 a 2 and = cent, closing
H. il = with sales Of 16320O bales. In December the
market was depressed ~ G2nnue ad'ses rom E9
Orleans and s for M5dng Orleans the 9th of November
a for the former and latter the 18Th of Deem
b the September 10Th being 81 ID Prices with US
held downward tendency through the month, though Exchan
gs slowly improved, and bills on London ranged premium Of
81 = per and quotations for Mdding the 26th
had fallen to 81 cents and averaging or the month lO
l0Z cents % the months sales embracing leO bales. Jan
uary opened with rather hrmer market but with depressing
the jh
Good Ordinary O. a. O.. Low AHddiiug ~ "a -. 1Iiddng
These we're the lowest CURES the year, Sterling Exchange
ranging that at A. O. 6 per cent premium for good to
attached. On the 9th Of January adyces from Liverpool
nouued advance Of @ "a in that market for Cotton, and
of q per Cousols, and prices with assumed
onward tendency they held throughout the month,
the cIo we gu6teI Middng at 81 a lOcents f. the average
bales. During the " week in February advanced
cent and in the further advance
the remainder Of the month midlng ranged at II q il cents
per ID averaging lU I'll cents for the month"; the sales
amounting 2lGOO bales. In March there slight
hucuation in the rates, owing chiefly to the difficulty in passing
Exchange clear bills on London declining from o per cent in
February to a. per cent premium in the latter part Of
March The lowest rates OF 1hddmg during the month were
lOl II cents, on the 10TH but the closing ones we're ia
cents average for the month reached $500 bales At the
opening the market April slight depression caused by
favorabe accounts from Europe out II was OF snort connu
ance and prices pretty well maintained until the midd Of
at Ialll cents This however, and ad-
vanceof realized the closing rates for Nddng being
Me-, ia rt was stre1gtieped soueThat by sdyees Of Sei
Gus overows in regions the middle Of the
pip cent and the ruling rates for iddlng during the re
Mddng during the month was ll 9l, and the sales
embraced I4 bales the extraordinary
the Mississippi and reports further
for short period, and with scarcity Of Aed
upward tendency The lowest 6iding uanI
cents the highest II l. cents the average being ABOUT a
all and tie sales OF the month lO bales The supply left
the operations Of July consisted mainly Of the
and Of mixed and stained lists which had indeed
during nearly the whole season formed an unusually large pro
ortion Of stock ruling paid Middng during
the month were II u cents, until the Close, when they
fell II BIS cents, the average being l' IFS cents
H. The asking the Mddng and better qualities during
the early part the month considerably above quota
TONS ranging high l2AGl2ia cents for Mddng,
were not aware Of any these prices There
a Of the month a
style to supply deficiency surats in the English market
and holders were comparatively good prices
themselves Of description of stock which had heavily on
market The reported sales Of the month were sOO bales.
August opened with duh market and prices gave way &c,
eprncpa decline being in the Mddng grades but toward the
close sellers had slight advantage There vas however, no
quole Improvement until the last Of the month, the range
Aidlng the old crop being ia b. but closing at II
a Ilai, the reported sales being $4,000 bales.
reported during the year lG4 bales
against receipts Of 76G bales the deficiency being by
shipments factors and planters account.
feature liz the business Of the
the slow movement comparatively
late period With crop exceeding that Of the previous year,
parison November the about 10000
bales 100000 l January l7OOu0
February 10000 bales. falling Of about $4,000 the lst
March. and being nearly lost on the lst Of April.
briefly the in our great
staple during remarkable perhaps any pre-
cdng Opening with the brightest prospect buoy
gloom and depression. The recovery less rapid
downward transition had BEEN but complete and trade
has been placed hrmcr basis tia it has occupied for
years.
The quality Of the crop very good the early part OF
season, subsequently fell of materially, large proportion
being stained and the lower grades prp0ndetng unusa
advanced. 1t has however.
Of the rsH low descriptions than last years crop, and b geuer
ally cleaner, containing less sand and though
instances these have been matters Of complaint from abroad this
previous We have also had serious
bales shippers
the frauds their If this done in all
it should be il would check practice which in
fleets disCTelit upon whole sections.
The fuctuaton Nidinc has ~ cents