Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-10-01
mAHRErs BIZ TELEGRAPH
The Chiffon Markets,

LIVERPOOL, Sept. 30 = Cotton qniet
and stezdy; middling upsnds 6sd9u; mid
ding Orleans 95G9td. Sales 1900 bales;
American 6,100 bales; speculation and
export 1000 bales. Sales of uplands on
basis Of low middliDgs, September delivery,
Is 16d.
NEW YORK Sept. 3O-Cotton in better
request and steady; middling uplsnds 1S4c;
futures closed steady; sales of futures 1000
bales as follows: October II 1890; Novem-
Der II g-32; December IL 9-326i7 5-16c;
January II 7-166l7 1920; February III
oil % 32c.
NEW ORLEANS, Sept. 30-Cotton sales
1850 bales; demand strong, offerings Ii 5ht
and prices tirmer; good to strict ordinary
176163c; low mfddliDgs to strict low mid
dlings 16s617Se; middlings 10 good mid
dliDgs 17a61S4c; receipts 1894 bales; no
exports; stock 22,3S6 bales.
MEMPHIS, Sept -Cotton-No bust
ness, owing to the scarcity of currency, and
prices are entirely nominal; receipts for the
past day $50 Sles; shipments for the last
"a hours 400 bales; stock 1870 bales.
SAVANNAH, Sep. 3O.-Cotton active
and firm; middlirgs 164c; net receipts p
427 bales; sales 624 Dales; stock 11,765
bales.
MOBILE, Sep. 30 Cotton quiet; mid
dliDgs 1910; low middlings 1890; strict good
ordinary l4Sc; net receipts 9S4 bales;
exports to continent 500 bales; coastwise
4Ol bales; sales 200 bales; stock lO,22l
bales.
GALVESTON, Sept. 80 Cotton almostno
demand; price nominal; net receipts 495
bales; exports coastwise GAG bales; stock
9,909 bales.
CHARLESTON Sept. 90-Cotton steady;
middlings 16c; low middlings 153c; strict
good ordinary 14ac; net receipts S23 bales;
sales 600 bales; stock 1920 bales.
LOUISVILLE, Sept 30-Cotton quiet; low
middlings 164e.
ST. LOUIS, Sept. 30.-Cotton duh and
prices nominal.
CINCINNATI, Sept. 3d. Cotton, in some
demand at 1870.
Foreign Markets.
LONDON, Sept. 80 P. NJ. Consols
for money 923692Ss; on account 92s6923;
5-2O's, SIS, 94s; do. '67, 955; do. 10-40s
81; new 2O's OH; Erie 435. Demand
for discount at the Bank of England to day
as well as in open market has been heavy at
per cent.
LIVERPOOL, Sept. 8O-Bresdstufs are
steady.
FRANKFORT, Sept. So 5-2O's, 1862,
963c,
PARIS, Sept. 3O.-Rentes 57f 123c.
ANTWERP, Sept. 30.-Re6ned petroleum
Aft.
New York Money Market.
New YORK, Sept. 30.-The day in Wall
street passed in 3 more satisfactory man-
ner than even the most sanguine almost
dared to hope. The general markets close
up quietly without ripple of excitement
in any direction. At the Stock Exchange
a calm and conservative feeling character
lied the dealings throughout, and while
many sold stocks for cash to complete SET
Elements, it is but just to add that there was
q spirit of for6earance between the MEM
bers and also between money lenders and
brokers generally. The delivery hour
finally came aud with it the important an
nounc2ment from the committee appointed
to settle differences between members, that
there was not one single default. This an
nouncement was received with cheers.
In the money market, early In the day,
lenders exacted one-half per cent per diem,
but later the rate fell to 46s, and at the
close loans were made between brokers at
per cent. Greenbacks were at q premium
of 263 per cent early in the day, but large
amounts came out, and towards the close
the premium was more or less nominal. The
clearing house officials report considerable
amounts of legal tenders received from the
interior. In discounts there was more trade
at I2 to IS per cent. The demand for loan
certificates has almost ceased.
Next in importance TO the successful
manner In which The Stock Exchange
emerged from the ordeal to day, was the
advance in foreign exchanges, as wen as Inc
large increase in business. Leading Dahk-
ers advanced their quotations step oy step
until the close, when the asking rates were
1862 for sixty days sterling, and lO8 for
sight. Early in the day sales were made at
1864, and afterwards up to 1861, or within
] per cent of the asking price. Sight bills
sold all the way from 1919 to 1O74. Cum
mercjaI bi Is were in demand at quotations
about to II per cent. below bankers, sterl-
ing. This important condition OF foreign
exchanges will start the export trade, ana
once more set The crops ii mouon' Ihe
benefits likely to arise from the improve
ment in exchange to-day cannot De oVeres-
timated.
Customs receipts to-day were $33l ,OOo.
Gold declined from 1i25 to 11ls and
closed at 111s6l119. The market was
moderately active, but speculation was nh.
attended with any special features. Ine
rates paid for borrowing were l-o4 ana
1872 per cent. to fiat, and Tor carrying