Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-05-31
Foreign Markets.

LIVERPOOL, May 19-The panic has sensby
subsidized. Securities are generally improved; still
heavy suspensions continue, and ii is feared many
more are to follow.
LIVERPOOL Saturday A. -Breadstuffs-Rie
ardssn. Spence & Co., and others. report a dull
market owing to the financial crisis, but prices
are generally unchanged for all articles. Winter
red wheat los 3dGl0s Cd per 4S0 lbs. Mixed corn
3OSd3OS Sd per $50 lbs
PRovIsIONs.--Bigeland & Co., and Gordon.
Bruce a Co. report beef dull and tending down
ward. Pork slow of sale and easier. Bacon
quiet and about 2s lower. Lard l@2s dearer;
American 70G7ls.
The Brokers' Circular reports sugar generally
steady. coffee very quiet
LoNDoN MARKET-Barrings Bro & Co. report
breadStufs at late rates; sugar quiet and I'D lower
coffee dull; tea dull petroleum 2062ls ID.
The weekly return of the Bank of England was
the most extraordinary ever published. Although
the bank had not availed itself of the privilege
granted by the suspension of the bank charter act:
figures in the statement exhibit unprecedented
violent changes. The decrease in bullion was
tS3Z,S33, and IN ne ses unemployed, t42l9,49o
The Dailv Ne,os in its city article, says: An
analysis Of the Bank returns show an increase. in
one week, Of GlOOeO,UO in advances on private Sc
curities.
This unprecedented amount proves how enor-
nous has been the pressure for accommodation on
the part Of the panic-stricken community, mas
much, however, as n great deal of this borrowing
was merely precautionary. t5O0,OOO have been
added to the private deposits. and the increase OF
t3,I16O5O in circulation results mainly from the
desire of the country - Bankers secure themselves
against all contingencies, and the notes withdrawn
not really thrown into circulation, but are for
the most part boarded.
The reserve of notes is reduced to G3O,0OO so
that il is quite within the power of any one of the
great joint stock banks. by withdrawing its cur
rent balance to force the Bank of England TO
avail itself of the authorization contained in the
recent Treasury letter. There seems to be now a
fair prospect that the bank will be able to ride
over the crisis without violating the law. The
fS3..00O ofcOn and bullion withdrawn must have
been taken away chiefly by provincial Scotch and
Irish banks rs a measure of precautiOn.
Some additional suspensions are reported. IN
Guiding the Oriental Commercial Bank, the New
Zealand Banking Association, MeSsrs. Frazier X
Co.. India cotton merchants &c
On the 18th inst. the the tone of affairs IN the
London market was favorable. ConsolS were firm
er, closing at STl4@S713. Money was in better
supply and first class bills were in some instances
taken at 81 per cent.
American securitics-Baring Bros say 5-20S ad
for the United States in other stocks. there
change, and quotations nominal.
LIVERPOOL, May ~. 2. M.-CottOn.-Sales 500
bales; market dul little enquiry and weak prices;
middling uplands l2lS.
Observation-Disclosures and steady.
Pr0visiOns-Dull.
LoNpeN, May 49, p. N-Consols closed at S7G1
So. American securities-5-2Os 6)g6G; Illinois
Central 763{@77 Erie 44l4G45
Another London bank, the European, supended
to-day.
Funds and securities are generally dull and
lower. closing fiat.
There are rumors of other suspensions in COM
mcrcial circles. Ii is stated that Bout English
\ Brandon, of Liverpool. will show ample assets
and pay twenty shillingS on the pound. The La
biitieS Of the European bank are about tl,OOO,-