Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-10-03

outflow Of currency to neighboring cities
was stopped in many cases to-day. From
the South it is reported that cotton is NOV
ing more freely on certified checks and
moderate amounts of currency recently re-
ceiyed from the North. Many leading rail-
roads bad large obligations due in the shape
of interest and dividends, all of which we're
met pr mptly. -.
Money was easy at per dime to The gen
eral run Of borrowers and 7 per cant to
houses now considered first class. Green
backs early in the day were 2a6S per cent
premium, but later the price declined to
162 per cent with large offerings. The
loan committee of the Clearing House As
ISOLATION was now 90 well satisfied with the
situation that they will not only not issue
more certificates. but viii begin tomorrow
a gradual reduction of the amount out
standing. Sterling was lower under an in
creased supply of bills against shipments to
London. There was also falling off in
the demand as there is no mail uutil Satur-
day. Bankers lowered their rate TO 1071
and lO84 with actual transactions st 1071ss
0lO75 for sixty days and 1031N103s for
sight commercial sterling sold at 106O107.
Gold was duh and heavy, declining from
1lO5 to 1lOs. Loans WIRE made at 4, I,
and 1872 and 7 gold for carrying, and fat
for borrowing. The final rate was l. 80 for
carrying. The cearances were S347, 0OO,-
900 The Assistant Treasurer discussed
$S6,000.
Government bonds were higher in the
entire list. Al active demand prevailed
through the day for both coupon and regis
tered skies, and large purchases were made
for investment. One 10. Of $1O5,5OO r aeis-
tered 1868 changed hands at IO74, and
one Of $4,000 registered 1865 at 1924.
State bonds were quiet.
Stocks were unsettled at the opening,
With frequent fluctuations. After 1 O'clock
however, the market was firm and made a
steady advance up to the close of business
at P. NJ, when prices showed 40 improve
ment Of J TO 81 per cent from the lowest
point OF the Gay. The leading features were
Western Union, Lake Shore, New York
Central, Pacific Mail, Northwest, common,
and Union Pacific ard Wabash. a good
deal was done IN small lets again to-day, in
most cases at higher prices than the current
market prices for larger amounts. The
buying late in the day was particularly
marked in Western Union, Lake Shore and
New York Central, and orders from the
country larger than on eitter of the pre-
vious days since the opening Of the Stock
Exchanga. The most prominent feature Of
the dealings was the large purchases of New
York Central for London account, amount
ing ID the aggregate 70 about 10000 shares.
In regard to the Wabash election it 4
stated that the Lake Shore and Canada
Southern companies have perfect under.
standing and that matters will work bar.
moniouslg between them in future. The
market closed strong at near the highes
figures of tho day. Two b okers were ex
PEELED from the Stock Exchange by the &C
ton of the Governing Committee this after
noon for not complying with the rules O
the Exchange.
Sterling Exchange-Banker's Bill 1O75
o. s. coupons, 1881, 113 ex-interes:s
S-20's OF 1862, 10S; do. 1854, 100; do
1865, 109; 90. new Issue 5-2Os of q;
113a; do. '67 ia; do. '6S ia; new five
l07; U. S. coupons 10 4Os I0S5; u
S. currency S's, 1099; Missouri State bond,
So; Tennessee old II; rev III; Western
Union Telegraph 63!!; New York Contra
90s; Erie 81.
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