Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-12-19
Effect of IincoEnsS Election on the Money
Market in England.


The English newspapers are filled with gloomy
accounts of the effect on the money market Of
the bare news of LincOlns election. American
stocks and securities experienced a marked and i'm
mediate decline
Says the London Globe of Nov. 23d:
lowing 10 unfavorable advices brought by the
Fulton from New York the maket for American
shares, especially New ! ork and Erie and the Hi
nois Central, has been very depressed to-day The
following information is specially supplied from
Messrs. Z. +. Subordinate CO.:-The marketfor
American securities which had been steadily I'M
proving during the week has suffered quite a relapse
The receipt az intelligence this morning by the Fulton
that the secession party Ia Tie Southern STATES rere &C
Uey prosecuting their UelrS and that the stock mar
ket IN New York had again seriously given way.
The stock most affected here are Erie shares and
Illinois sh6res-the former have given way TO 80
and b. and the latter. whch closed last night at 26
and p discount opened this morning 30 and IS
after touching 81 close rather teadier al 80 discount
BUYERS"
The London telegraph. Of November 24th. says
American railway securities on the Stock Elk
change were depressed. The shares of the Illinois
Central $50 paid, were largely dealt in, prices vary
ing from % to 81 discount The seven per cent
bonds were flat. SCI and New York and Erie as
scented shares declined to 3l3Cg32G a3, the advices
from New orl being unfavorable
Says the London Herald Of oath November:
There was a sudden and decided fall in the quo
tatOns of American securities, in consequence of
the disturbed feeling excited DF the result OF the
late Presidential election, and the fluctuations were
rather of an important character Illinois 500
shares showed a rctrOgression of per cent hav-
ing been dealt in rs low 81 and p discount, and
the last price was 30 10 % discount. The bonds
were I pcr cent. lower having been negotiated at
SGI. New York and Erie assentcd shares received
fully at the extent OF per cent having alternatcd
between p. 33 and 81 at the close there
recovery, and the values generally left off with dull
ness.
captain of a crack ship 20 his cUnsgnee in this
city. received by the Asia -
LrvFUrooI. Nov. "A, 1860.
DEAR SIR-Since last wrote you we have rcceiv-
ed the news Of Lincun.s election. think It has had
q great effect on the export market here. The
Britishers feel very shy IN sending goods to the
limited States with political matters so unsettled.
They apprehend dlsuniOn. Whatever the cause
NAV he i Is certain there is very great falling of
of freights only three ships are loading Tor New
York / doubt If any of us get more than half tull
II such were the effect produced m England by
,l,a moro news of Lincoln's election what may we
NOT expect when the whole news as TO The events of
the mast three weeks shall be received and then the
more startling events yet 20 happen.
ToNVbpt an uuspeakable Illumination mas black he
pubcaMsm reduced this country Dls"steI upon
disaster modification upon morilneSIOH' - No'10
and ABROAD Such is the sad history. Ill
The following paragraph from the LONDON A., u'1
sbould teach lesson 10 the free states IL Is Sh
admission full of political and commercial
canoe To quarrel with cotton until substitute Ioi
It is found. a thing not likely 10 happen is equlsA
lent almost 10 set-destrucUon says me LOnuO"
Herald:
We are pQlc dependent on SlaUetodi8g countries oT
our ctjg supplies Of cotton. tobacco and StyCr-a mat
ter Of no small importance. when we ind that our
annual revenue in the last Of these articles eN-
ceeds twelve millions sterling. and that The nTSt
depends the prosperity OF all our cotton manufactures
an Lancashire and elSeJrbere IheprcSet state Of par
lies "a america, consequent DE election Of Mr.. Lin
CON- cagnot tt lead 90 much uncertainty Ia this COM
UE ana our cotton interest finds ts6f IA the position q
Gf7G1 ha'"g 0h one string TO his J0J0 and that string
IN danger.