Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1868-11-25


period for the annual balancing of accounts an
prOaehes, buyers and distributors Of merchan-
disc are indisDosed to increase their stock, AID
hence 1t Is difh5Hlt for sellers TO realize except
By resort to forced sales. Though ths money
market is castor on call. credits Continue to be
restricted. and exorbitant shaves are not un.
frequently submitted to on mercantile paper
where goods cannot be promptly converted into
cash. The export trade partakes of the pre-
vailing dullness, which, in some instances has
been intensified by combinations to maintain
prices a boye shippers limits. This is notably
the case in certain kinds of provisions. petro-
leum and grain, and the effect of thus checking
The outward movement IN produce is more or
less prejudicial to other branches Of trade"
The ST. Louis RepHblican of the Esd inst.
says: e,
" It is almost unnecessary to advert to the
produce market, farther than to repeat the old
statement that business is on a very small scale,
9ho tnnt prices circle round narrow limit.
There Is general downward tendency in bread
stuns, which must continue in all probability
uutil the basis OF an export demanded is reach.
ed. In every market OF the country Q observe
no influence at work to change the existing
condition, except those of q nero Temporary
local character. To day, at this point, for in
stance, dour Is quiet and UNCHANGED Just as IL
mas been since the beginning of the week; wheat
| Is quiet and unchanged also, but held little
nrmer because OF sparse receipts. Corn IL stiff
| Ter Tor the same reason; oats are lower for
mixed, Tor the opposite cause. that of COM
| somewhat inactive, possibly in consequence oJ
| the near approach of day of rest At Chicago
to-day, Hour is telegraphsd quiet but firm; wheat
| irregular and active; corn dull and Nominal;
| oats dull and lower; rye and barley dull. At
| New York, hour is dull; wheat and corn are
| hrm; oats steady. These Statements from all
points. foreign and domestic, are given with
| regularity. and comparing them for a week at q
time, the difference is quotations, which lead to
| tne employment Of the terms "dTOoping,"
4 rising" firm" steady" ETC., etc., will be
tounu VOC lnnelteslmal to result in any move
4 Inc situation is this All tho warehouse o.
the country are filed with -four and grain and
along the lines Of transit, and in the barns anC
| pms OF the producers, an immense surplus i
| seeking markets, or awaiting the auotntiOns o
an active demandS The supply is beyond thu
requirement at ruling prices and according q
me laws Of trade. an equilibrium should be IS
tabilshed, and it would be but for the ability o
holders to retain their produce. This part.
aWits the happening Of some extraordinary
event, such as war iE Europe or something
else by which their views may be realized
Perhaps their desires in this respect may b
gratlhed; perhaps they may not Possibly th
weather for English planting and the prospect
OF me european harvests next year may prov
uniaVoraole, and IN this way an impetus ma,
be given to trade at homa. Who knows? On
thing appears to be certain, judging by the cor
robOratiye statements OF the English press, tina
the weather during last month was as desirabl
! for putting in wheat as the English farmer coul
desire. and it seems it was taken advantage {
| to thefullest extent. Should the opposite cor
tinent keep from any beligerent demonstration
and the harvests prove as productive as th
last, it may turn out that the policy of waitin
Tor something to turn up IS not always sal
or profitable one. A writer, who has mad
this matter of holding for better prices a subje
, OF close investigation, declares that in min
| cases out Of ten 1t proves TO be disastrous. Ii
| this connection il may be considered apprC
pirate to subjOin the following remarks froI
the St. Paul Daily Press. Of the 18th inst.
| 1t is now certain that the great bulk OF OF
, | produce will be locked up in the State duriI
the winter, and hence money will be tigh
D The mills are paving better figures than Il
! | grain delaers, and trelghts TO Chicago are so
Z | ranged as to give the mills the whole hel
| The immense crop of wheat harvested the pa
| season will not make money plenty IN the sta
n | as was anticipated about harvest time, but o
n | the contrary, the disposition to hold ever
Z | bushel back from market will have a tendenS
, | to make the cir ulating medium very scarce. .
5 POrk-packing is the leading business of Il
\ season, and now operators at this point, IRON 8
\ | appearances, intend to enlarge the trade
n | requires large sums of money 20 move the b.
crop, and now that the strinVency is over
& New York, and the apprenensiOns It arous
everywhere are sobered and allayed. we tru
& | Dust our bankers will lend a liberal aid to th
n | important department Of business. We rel
( to sales, in tO-day's summary, for hog quotatiO
n They range from "a TO &c, with fair receip
i and good demand. In Cincinnati the report
2 prices rule from to TIC, the latter for ext
z heavy. At Chicago the same quotations a
giyen-all of which shows that, taking IN
( consideration the difference Of transportati
n | and expenses hetween those distant cities a.
q this central locality. the figures here are mo
n | remuneratYe.
The Ne1p York Financial Chronicle uud