Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-11-25


largely, the sales for the week ending yes
terday reaching fully 1900 hhds., beside:
about 5000 boxes. Holders have taker
advantage of the Cuban news to demand
higher prices, and so great was the excite
ment for time that they readily obtained
Their advanced prices, and the result of the
activity is seen in the diminished stock,
which was yesterday 65,544 hhds. against
| io,oOO bids on Nov. ID, AZ, 564 bxs, against
! 99,53l bxs one week ago. In bag sugars
| there has not been much going on, and the
STOCK has shown an increase from 316,916
bags on Nov. ID to 327,7S4 bags on Nov.
~. Everybody knows and thoroughly APP
preelates the fact that, under ordinary cir
cumstances, the stock now ON hand would
De considered excessive, for, notwithstand-
ing the activity during the past week. the
supply is still much larger than at this time
last year, when the stock here was only
I9,OO1 hhds, 1887 bxs and 26,S47 bags,
But there was such an uncertainty as to
What might result from the s.Virginius'' af-
Ialr, that buyers rushed into the market TO
supply themselves with stock, and the re-
suit has been marked advance. 1t seems
that Spain has found it impossible TO govern
Cuba, and while there is friendly feeling
towards the Republic of Spain, it does not
exist to such an extent as to tolerate it pre-
tending to rule Cuba, and yet being unable
TO prevent the atrocities that have lately
been committed on, that island, and it does
not seem improbable that the whole matter
Will end in the annexation of Cuba to the
United States. In case of this, of course.
There will be no ground for an advance,
out, on the contrary, marked decline
would naturally result from the abolishing
OF the duty; and, as Cuba is a very large
sugar producing country, such an event
would be an important one to our people
In general. AT any rate, whatever NAV be
Id prospect, the market for raw has reached
during the last few days, and the quotation
OF 74a75c for fair to good refining have been
replaced Icy 75a75c for those grades; prime
refining sold yesterday at TIC. One of the
greatest obstacles to further advance has
been the unfavorable market for refined.
AS Is known, the demand for refined is not
so good this year as last, the large falling
oil IN the fruit crop causing a curtailing of
orders tnom the West, which, iii years of a
full crop, are quite large When. in keep
ing with the advance in raw the quotations
for refined were raised, the demand fell off
and in order to move stock refiners were
Obliged to recede from their position and
accept lower prices; so that hard sugars.
which were advanced to 1O2c, have de-
clined to 10!c. 1t will be remembered
that last Thursday those grades were qouted
at 95c.
Rio coffee has been dull during the en-
tire week, and has shown decline of &c
per pound. The stock here yesterday was
IO6,55l bags, against 81 $50 bags Nov. %, |
1872, and IS, 167 bags Nov. %, 1871. It |
Will be seen that the stock is considerably |
larger than at this time last year; but still |
there seem to DE some points in holders |
favor. 1t is understood just now that the |
next Congress will restore a duty of five |
cents per pound. This, it is believed, will |
be necessity, and may be passed soon
after the opening by joint resolution. |
though, OF course, this is not certain. Still |
The imports OF general merchandise into |
Ibis country have fallen off nearly one-half. |
and this, and the results of the panic on |
business have been such as to cause the |
government to run behind three or four
millions per month. 1t is proposed to re-
store the duty on both coffee and tea. and,
d course, iii the event of this, those parties
Who are able to hold what stock they have
Will reap an advantage. During the past
week, however, there has been some COLI
'eSslon made, and it would not be a matter
II much surprise in the present position of
nance if there should be some further de-
line, notwithstanding the present prospect.
The stock of Rio here is large: the stock at
fiO JaneirO has been increased to 26j 900.
attended with decline to 10000. though
his figure has perhaps represented the real
market there when the kilograms quoted
he price as nominal. An epidemic seems
be having some effect on general trade
II Rio Janeiro, and this will account
II measure for the SlOwneSS of the mar
let there. The stock there was 265.OOO
ags on October 20, against $4,000 bags on
october "A OF last year, and 100000 bags
october %, 1871. To return to our own
ountIy, we find that yesterday there was
took III ports outside of New York of ST.
W bags, against 1868 bags November u,
81. Thus it viii be seen that the sup
ly IN New DIRK, at the OutpOrtS. and in |
10 Janelro, shows as a total considerable |
Increase as compared with last year. We |
cave the market in an unsettled condition. |
is not absolutely certain what Congress
Ill do, and, with large aud increasing |
locks, holders await DEVELOPMENTS. The
Xtreme range yesterday was nominally
9a22ic
Mild coffees have met with fair de-
land from the trade, and have ruled
teady. The stock of Maracaibo has been
increased to 1926 bags, after business to
ne extent of 4,797 bags. This stock of
,235 bags, however, is much smaller than
n November n, 1872, when the stock was
|, 4O2 bags. So, also, in the case of Java.
.aSt year, at the above date, there was a
lock here of 6.962 bags and 144,9S5 mats
Ow there are only 500 bags and 7,4O1 mats.
he total stock yesterday of coffee, other ,,
han Rio, was 1892 bags and 7,4O1 mats,
gainst 1854 bags and 165,005 mats this
ay last year-showing a statistical posi-
on entirely in holders favor. Java still |
lnCes from pa IN oslo ond AIo,ooo;b< !