Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-05-09

New York Money Market
New YORK, May S.-The official an
nouncement Of Sec'y BoutwelTs intention to
put The sinking fund account of go into
operation, and that connection between
the Union and Central Pacific Railroads
will be made on Monday, were the chief
topics of conversation in financial circles
to-day. The Stock Exchange and Open
Board have sgreed to consolidate under
the name of the New York Stock Ex-
change. The formal union takes place
next Tuesday. The new board will have
about 1000 members and about $70O,OO0
in the treasury, and be under the man
sgement of 40 members, TO be elected on
Monday, composed of % members of the
Stock Exchange and IL of Open Board.
Money is plenty and easy at z per cent
with some exceptions at for prime. Dis
count SOC. The bank statement shows
gain in total revenue of 81, 427, 905 against
the increase in total liabilities, SO, 755 654.
The banks held, in excess of legal reve-
nue., ST., 221 ,23S against 81, 1888, 195 the
preceding week. This large gain is due TO
the disbursement of May inst, by The
treasury The great increase in loans
represents unusual expansion after the
April statement Deposits show a pie
thOra of National Bank currency here.
The decrease in legal tenders reflects the
efforts made early in the week to occasion
an artificial stripgency. Sterling quiet,
999f. Gold is feverish and unsettled
with active business, closing heavy. An
improved tone in London, and rumors
that the Government might increase its
sales in the future, it opened at 3S2, al.
vanced to 500, declined to 37s and closed
at 37s@37a. Rates paid for carrying,
1-16, and s and per cent. to fat. clear
ances to-day which represent yesterdays
business are largest on record-tWo
hundred and fifty-three million. Govern
ments are excited and buoyant, with an
advance Of 1@2 per cent, and light sup.
ply. State bonds quiet; old Tennessees,
67@67i; new, 65}@653.
New York General Markets.
NEW YORK, May Section firm; sales
2,200 bales uPlands at csc. Flour SIS 20
as; closing at 5@1Oc lower. Whisky,
9769Sc. Wheat ST. 1901 As for
spring. Corn 1@2c lower. Rice dull;
Carolina S4@9c. Coffee quiet and firm.
Cuba sugar 114@124c. Molasses dull
Heavy sheetings 144@154c; printing
cloths 73@7Bc; standard prints 12@121c;
102@114c, for bad and good
styles; Wamsutta prints 84G993, the inside
rate for poor styles, and Nous delaines
at 15l@22c, as to style; ginghams are de-
pressed, and good makes like Amoskeas,
America and Androscoggin are offered |
At Ale.
st. LOuis Markets.
ST., LOUIS, May 8.-Flour $4(95 90. |
Wheat 81 so. Corn 64@68c. Oats 65@ |
zoe. Barley l 1901 so. Rye 81 24@1 Is.
Whisky Gle. Groceries quiet aud IN
changed. Pork, $3l@3l so. Bacon shout
lers and clear sides, 124 and 1890. Lard
unchanged.
Chicago Markets.
CHICAGO, May 8.-Flcur S5@6 so
Wheat:$1 12@1 l23. Corn 563957c. Oats
j2@62fc. Rye 81 1901 163c. Barley, 81
SOL IS. Molasses $l@1 Is. Sugar IA
9l54c. Highwines zoe. Pork $3l 90.
ard 174@1Sc..
Cincinnati Markets.
CINCINNATI, May S.-Wheat 81 300 |
40 Rye 81 sc. Cotton steady, mid
ling 27@27k. Butter unsaleable. Eggs
&c. Cattle 81 50@7 so per cWt. Tor
ommon to extra; sheep SO SO to Sc so:
ogs 81 5O@9 so. Flour 5000 20. Corn
sc. Oats 68@72c, Whisky CSC. Pork
81. Bulk meats loose 12c and l43. Bacon
,ose 13f, 164 and lie. Hams l84@Is.
ard held at 18c.
Louisville Markets.
LOUISVILLE May S.-Cotton, low mid
lings 254c Bagging, two pound, &c.
lour SIS 25. Corn 65@68c. Oats 6S@
Dc. Sugar, prime l44c. Prime MolAsses
Dc. Sales of ia hhds tobacco at full
ltes. Whisky 94c Pork $3l 25. Bacon,
.cked 134c, 162 snd 17ic; hams TAO
DC. Bulk meats, packed l24, l53 and