Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1868-10-29
london adyiees Of yesterda

London adyices of yesterday quote
United States 5-2Os at 49,.
Exchange on New York was bought by
the banks yesterday at I discount and sold
by them at par.
Tennessee bonds were quoted in New
York yesterday at 90 for the old and
6S5 for the new.
Nashville corporation checks are ex-
tremely dull, and with but few offering for
sale. Dealers buy at 849S5c and are ask
ing SG@S7C.
The Cincinnati Enquirer of the 9th inst.
says:
Money is not only tight here. bat the same
condition Of affairs exists at all the leading
money centers, especially in the West, The
heavy decline in breadstufs has induced W est
ern operators and farmers to hold back supplies,
IN hope Of prOducing reaction in prices Ut the
seabOard, and the consequence is that large
amount Of grain has accumulated at the princi-
pal Western shipping points, ana the " estern
banks have been advancing h0Ivily on what is
now in store. They are now unable to afford
further assistance in this direction, which will
force owners to forward their Erain to the sea-
board, and thus release the Yves; from the pres
sure under which it is now labOnng."
The St. Louis Republican says under date
Of Monday evening:
1.-THE week opened with fair receipts Of flour
and wheat, say 45l barrels of the former. and
$500 bushels Of the latter. In flour there was
a slight decline. with limited sales. In wheat
the reduction on Saturdays quotations was de-
cidedly sharp, some Of the estimates OF the
morning placing it an average of l5c on winter
grades, with the exception of choice and fancy
lots which retained their old position, and on
medium grades 20 to 30e. This reported fall,
however, is thought to be an exaggeratiOn. and
Ice is given as a nearer figure by large sellers.
Corn holds its subordinate place. as far as sup
ply and demand are concerned, and we observe
no change in prices from reported sales. although
the impression prevails that n shade or two de-
cline was effected. Distiliers are the principal
purchasers. There is q TumOr aiOat, said to
have originated at Washington. from whence,
of course, it should legitimatsly come, that an
enhancement of the whisky tax to dollar per
gallon. or more, is in contemplation. A few
days will develop the truth or talsity Of the re-
port in satisfactory manner; for as soon as a
basis is given to 1t, q strong activity viii be
eTinced by distillers, so as to realize the addi-
tiOnal imposition before officials can present
their claims. 1t may be doubted if the authOri
ties contemplate any policy OF the kind Tor the
present, for the recent abortion of high tax is
too familiar and fresh in the public mind to adj
NIT Of its repetition. This morning highwines
were lower. and a round lot, it IS said, was
offered at 81 Is"
For the week eEdlng IN INST We noticed
that shipments from the United States
amounted to l, 748 hhds, S29 cases, 81 bales,
against 8, 1913 hhds, 955 cases, 435 bales for
the previous seven days. Ofthese exports
for the latter week, G44 hhds, BOG cases, y
bales wee from New York; S3l hhds, 25
bales from Baltimore; 1G9 hhds, IS cases
from Boston. The direction Of the ship
ments Of hhd5 was as follows: APO hhds
to Great Britain, APO hhds to Amsterdam,
437 hhds to Naples, and the balance to
different ports During the same period
the exports Of manufactured tobacco
reached 1878 lbs, of which 57,Gl3 lbs
were to Sirney.