Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-07-19


LoNDos, July IS, Eve. - Consols 80.
American securities flat and nominal;
$40 bonds at London, 62s, SO; 65s, 80;
SIS, SO; 10-40's 81; Fries Is; Illinois
Central 100; Atlantic and Great Western
25; stocks fiat and nominal.
LONDON, July Is. = Tallow active at
46s Cd. Sugar Sis 6d@31s 3D.
LIvERpooL, July 1s.-Cotton market
fat and irregular; middling uplands sgd;
Orleans 9sd; sales 5000 bales. Bread
stuffs excited California white wheat
rs; red Western No. 2 los 3d@10s I'D.
Western flour 26s026s Sd. Corn-No. 2
mixed 31s. Oats 2s sd. Pork 106s. Beef
i13s Sd. Lard 72s. Cheese 63s. Bacon
56s for Cumberland; SIS for short rib
middles,
New York Money Market.
New YoEK, July 13.-The excitement
in the gold room was fully equal to any
day since the September panic, and the
price ranged between 1171@12244. Foreign
bankers have been buying on orders from
the other side, which seem to have been
given in anticipation Of a general European
war, the reports being that Russia has
Joined Prussia, and that Austria will now
| DIOOdDlJ SLUG Will It IduCcs 1AO CAbACAnO
agitation in European money centers is re-
fected in the decline of Consols to 80, and
5-20s of 1862 to 614@S2 on the street.
Early sales were made at between 1175@
lis, and the first recorded sale was at nv I,
after which there was q steady advance to
1909, from which point there was jump
to 12233, and then a decline to 120s@121.
The excuse of this jump was report that
there was such panic in London that it
was impossible to obtain quotations for
United States or other securities, and that
the Bank Of England viii call an extra
meeting to advance the bank rate to a
higher figure. There was a perceptible
abatement in the excitement late In the
day, and the price declined to1192 on cable
kilograms giving higher quotations for Sc
curities in the foreign markets, closing at
1901. The day closed with calmer feel
| ing, and there was considerable abatement
in the speculative excitement. The recent
paDics in the Frankfort bourse and London
stock exchange were engineered by the
Germans to sustain the bull movement.
Inthe gold room the German element in
| our midst is estimated to holdat least $25,-
600, 900, and are short of Government
bonds to the extent of $50, 1000, 900. View
ing the situation from this standpoint it
is easy to see Wall street is hanging over
a volcano. The situation turns upon the
point of long or short war in Europe. If
long war, then the Germans are likely to
come ont triumphantly, but if short war,
then they are likely to pass through the
most disastrous financial defeat in their
history as operators in Wall street. Car
rying rates soc. Clearances $S4, O00, 900.
The specie shipment by English steamers
next Wednesday is expected to be very
large amount-now predicted from five to
seven millions dollars. Sterling exchange
held nominally at 1.10@1 1O9. Money
more active at 5 to per cent Govern
ment securities opened excited and prices
declined The decline, however, is insig-
nifcant compared with the fall in the for
eign market which was Offset by the adj
vance in gold premium here. Later In the
| day the market was steadier. German
bankers have been heavy sellers in bonds
| to-day, and other large sales were made, it
| is believed, on speculative account by pro-
fessional operators. The investment
business seems to be confined to purchases
of State securities, which were dull; old
Tennessees 6498; new, $50. Sub-Treasury
balance in gold 81, 553, 1888; currency,
| $40, 1S4, 900.
New YORK General Markets
LEW YORK, July 16.-Cotton nominal
sales 1,375 bales; middling uplands 1870.
| The sales last week amount to 2, 466 bales,
including 1,433 bales for export, 6,709
| bales to spinners, and S24 bales to specu-
| lators. Receipts for the week 1920 bales;
| exports from this port for the week 1881
bales, Bremen 1000, Hamburg 300; ex-
ports from all ports for the week, Liverpool
| 16, 500 bales, continent 4,425; stock on
nand at this port %, 543 bales, stock in all
ports 155, 900 bales; receipts at this port
| since September 706, 1872 bales; exports
| from this port since September 413, 1873
bales; cotton afoat for England 403, 900
bales, including $4,000 American, being a
| decrease on American for the week 20, 600
bales, and on all others an increase of "a, :
| 600 bales. Flour 25 to SOC higher; super
fine State and Western 5.50@6. 25. Whisky
more active and higher at 1.O0@1. 021, and
closing at 1.02R. Wheat 5@Sc higher; No.
| 2 Milwaukee 1.50@1.53; winter red and
| amber western 1.60@1. 81. Corn active,
| &c higher; new mixed western 98@1. 10.
Coffee quiet and firm. Sugar active, 10ac
| higher; sales of 2, 700 hhds of Cuba and
Porto Rico at 94@102c; and 1850 boxes
Havana at 9i@10sc. Molasses unchanged.
Rice firm and quiet.
New York Dry Goods Market.
NEW YORK, July 1S.-The trade manifests
signs of returning vitality to-day. All
the merchants have reduced their prices in
uniformity with the new scale established
for all trade.
New Orleans Market.
NEW ORLEANS, July 18.-Cotton irreg-
ular and nominal; sales 500 bales; receipts
681 bales; exports 2, 454 bales; stock sc, 179
bales.
st. Louis Markets.
ST. LOUIS, July 1S.-Flour % cents
higher and unsettled; superine T. 50@4. SO.
new No. red 1.25@1.28, No. 1920
Lbs. Corn in good demand at and 5
cents higher, mixed and yellow, sacked So
@9Oc.
Chicago Markets.
CHICAGO, July 1s.-Flour less active; fine
25c higher; spring extras 5.00@6.25.
Wheat active, excited and S@1Oc higher;
sales Of No. 2 at 1.201@1 80, cash. Corn
active at 6@6ke higher; closingat S9@S9tc.
Cincinnati Markets.
CINCINNATI, July 1s.-Flour 75c higher.
and demand in part speculative extra G. %
az. so. Wheat higher, but not active; No.
/ red sold at 135, being an advance of SO
&c. Corn 92@95c. Oats 10000. Whisky
96@97c. Cotton neglected; no demand.
Pork held at 5000 Bulk meats 124@152
@1644. Bacon 14@174@18c. Hams, sugar
cured, 24c. Lard 164c. Butter 22927c.
Eggs 16c.