Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-10-06

ooo FIRST BOARD.
o.UOO do do neW.-...,...'.... - ..7f
2G0 do do dO.............................5 n
1920 Virginia 6s +; '.'55
1900 North Carolina 6s. oid..............500>
loo do do new spec1 taX....4S
l0,UO go do d0-......................4I14
4,OUO do do dO.................,... A =
5000 Missouri g. So
1000 Louisiana
5000 do BETH call. ..,..................-7O
Money was easy and steady in New York on
Saturday at per cent in currency TO per cent
in coin for call loans.
The bank statement is more favorable than
any We have had for many weeks. Tho con-
traction in loans Is immense, while the gain in
deposits is large, and the increase in the legal
reserve is large enough TO put the banks in n
strong position again. The following are the
changes during the week:
Decrease in 202 lS9
Increase in Ig}4 1858
Increase in ciTcul atOn l7 1913
Increase in 1913 us
Increase in legal tenders............4 4, lS4, los
The totals of each item compare with the
corresponding week last year, as follows:
1863. 1868.
Oct. 9. Oct 3.
Loans $50. 2396l9 s2J6,55S, 1858
l59O2,Si9 II, ISL S35
Circulation .............. 81, l69,4D9 a. l54,85
DepOsts.................. 1874, I24 sos l94gl9,l77
Legal tenders.......... 81, 2O9,yS9 63,5S7,5
Henry Millward & Cos circular. dated Cnca
CO. Oct. /, gives interesting information in rela-
ton to the hog crop of the present season. The
circular is based upon letters addressed to many
different points in Illinois, the answers to which
establish that the general crop is about the same
this year as last. Illinois reports from eleven
points that the crop is the same as last year;
from seven points that it is larger, and from nine
points that it is smaller In Indiana eleven
points about the same, eight points larger. and
nineteen points smaller; Iowa four points about
the same, four points larger, and twenty -four
points smaller; in Missouri and Kansas FIVE
points about the 5 Ime, five points larger and one
point smaller. As to prices now offered
to farmers by packers, We learn that in
Illinois few contracts are being
made at sole per pound; in Indiana at
7 to I0c, the latter price net; in Iowa no con
tracts, but the farmers are asking Sc gross; in
Missouri few contracts have been made at "a
Sc gross. the latter price for hogs delivered a t
points within forty. miles west OF Alexandria.
Mes.rs. MiIlwar1 Il Co., conclude that with
such prospects, the sole security Of the packers
must lie in insisting upon such prices
that. while they afford the farmer
ample remuneration tor MS labor,
they nsy promise the packer some prof
it." but they unaccOuntably neglect to furnish
formula by which such compromise can be et-
fected. This is the more " be regretted as the
solving of the question, How can farmers and
packers both get rich at IT, same timer would |
be q beginning of the solution OF the conflicting
interestsi Of producers and distributors gener.
ally.
hold on to their cotton Here are It's reasons |
for this course, as gwen IN IT'S issue Of Uct 6
Cotton has continued to decline until 1t was |
quoted yesterday at 2513 cents for middling, and
in view of this ct, We reiterate the advice |
given some three weeks since to the planters |
and producers of eOtIOn-tO hold TO their cotton |
mil better price could be obtained. And we |
have given, and now give this advice, because |
ne think here can be no question, that IN less |
than sixty DAYS time from this time cotton will |
command at least thrty-fye cents in New |
York. The present low price of cotton has /
been brought about by combination Of gain |
blers in New York, whose purpose is TO bring /
cotton down to the lowest possible price. and /
then buy all that they can get hold Of, when the |
price will advance. anG these Spectators and |
Gamblers will amass fortunes.
why should cotton be lower than it was six |
mouths SINGER The full returns OF the crop Of |
1865 % have been received, ana show decrease |
from tho crop Os the year before Of nearly one |
hundred and fifty thousand bales; the indca-
tiOns at present are that the cotton crop will /
fall far short of what was reasonably auticipat-
ed, even six weeks since, and this coupled with |
the deere 4se in last years crop should certainly
force cotton hirher than it was on the LIST Of last
March The demand tor cotton goods increases
more RAPIDLY than the supply of the raw mateTi-
al and il is absolutely certain, that 10 the cot
TON fe ds of the South. must the manufacturing
world look for an adequate supply Of raw cot
ton. -. l. ~,