Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-04-18

in the rate for money 10 per censs ano tnP
fact that but one more failure has occurred,
that of BrowneI & Brother. The readL
ness with which matters have been adjust
ed and the cheerful tone Of affairs existing
as the day drew TO close, causes general
belief that the worst is over, and that from
this time forth a better ruling Is to
exist at the Exchange. The none
tary situation to-day was much
better than yesterday, during early hours
large city bank called in considerable mon
ey and there was q 30 several calling in OF
loans by money lenders IS sort of score or
for fear of further failures, tbs rate adj
vanced 10 461rer CENT Per day and for
time money was positively close at SOL
but these figures induced borrowers to OBJ
tain accommodations early, either by Dor
rowing money or selling stocks freely for
cash; the effectsof this preparation for max
ing up bank sccotnts was plainly felt dur
ing the afternoon, in marked
decrease IN the demand, and as
affairs gfew better many lenders showed
an anxiety to place their funds at interest
over night; many capitalists who called In
losns in the morning offered same freely
later in the day and before O'Clock the
p.ice had fallen to lis psf day; after that
hour loans were Ii2de at to s per cent,
with the bulk of business at tins legal rate.
Advices from the West state that nearly all
loose National bank notes are sent East
ana the legal tenders will soon follow,
National bank notes were to-day offered att
Lie discount to, parties who bid forI
Government gold, and in other cases
the banks were offering to take the
gold and lend currency thereon II
successful bidders would take national
bank notes and place same in the Treasury
in payment for gold. The liabilities of Brow
nells are not large and already settlements
for the greater part been Effected. Sterling ex-
change was heavy in forenoon, prime cell
ing low as g for 60 days and u for sight,
but closed firmer and easier. Money at
7 for long; II for sight for Saturday mail.
Gold weak in the morning and declined to
1175;rallied to 1l7s; fell to III and finally sd-
vauced to III, closing 117iG117s the higher
price cccasioned by heavy loss of specie by
the Bank of England. Loans 167 per
cent. to 116 Iper day for carrying; clear
ings $84,000,0O0. Treasury disbursements
$192, 500. Customs receipts S342, 600,
Governments neglected most of the day
but closed in better demand and frmef.
State bonds dull and heavy. Railroad
mortgages in fair demand for Paciics,
Hartford; Erie firsts fell from 80 to SO, re-
covering to 38. The situation ON the Stock
Exchange was marked by feverisii and
unsettled market during the morning hours,
with general fears of further failures.
Prices fuctuated 162R pr cent, alternate
ly up and down, the changes being very
rapid. In the afternoon there was less ex-
element and a calmer feeling, which
eliminated In a stronger market, when
delivery hour, 2:15 O'Clock, passed with
only one new failure. The increased ease
in money also assisted the upward reaction,
and before the close of the day prices ad-
vanced from 1 to Al per cent, or very
early to the fig Tres Of Tuesday, while the
impressions for tomorrow are quite favora-
bic. The widest fuctustion and greatest
animation were in Western Union, Pacific
Mail, New York Central, Lake
Shore, Rock Island, st. Paul, Wabash,
Columbus and indianapolis, Central and
Union Pacific, Erie, Ohio, Panama, and
Northwest preferred. There was consider
able buying for out Of town account, which
had much TO do with the strength of the
market late in the day.
Sterling Exchange Bank Bills 1O7.
U. s. coupons, 1881, 1854; 6-2Os of 1852
116R; do. '64, 1854; do '65, lis; do. new
1154; do. 1857, 115S; do 1868, I17s;
new SIS, 113a; 10-40s, 1114; currency 6's,
1874; Missouri bonds 93s. TENNESSEE, old,
u; do new, u; Virgins, new, 40; do. old,
AZ; North Carolina, old, %; new II.
NEW YORK, April 1.-THE cold wet
weather caused general dullness in trade.
Market for cotton goods unchanged except
some low shirtings which has been reduced.
Boot E. bleached shifting jobbing at L &c,
and Tborndyke at 125c. Colored cottous
steady and in good demand. Prints more
active; printed shirtiDg, stripes, moving
freely at lie. Woolens continue quiet;
plain worsted dress-goods in fair request.
Foreign goods dull except black alpacas;
fine mohairs and colored balernas which
are in demand and scarce.
New York General Market
NEW YORK, April 17.-Flour dnH
and heavy; receipts of ZOO barrels; super
fine Western and State $5.7566.S5; COM
mon to good $6.S067. 40; good to choice
extra Ohio $7.156S10.50: st. Louis $3.50
6$l2.f5. Rye flour quiet at $4106S5. rs;
corL meal steady; $356s3a. Whisky steady
at CSC. Grain wheat OF ened dull and heavy,
closed firm; receipts 1000 bushels; No. 2
Milwaukee afoat S1.626S1.64; ordinary
No. 2 Chicago spring S1.5561.56; choice
white westegn S2.25; red western S1.75N
$1.85; No. 2 Milwaukee from cars ST. 605.
Rye, barley and malt unchanged. Corn
fair business, shade firmer, receipts of
1900 bushels new mixed western at 65N
&c; old in store, 60664ac. inferior do.
63ac; southern and western yellow 66N
662cr good old western mixed afoat 66c.
Oats quiet, receipts of II COO bushels new
mixed western at 50654c; new white 525
G56; old western mixed, in store, 53c; red
sac, asked. Eggs steady and unchanged.
Hay and hops unchanged. Coffee in good
demand, Rio 16al83c. Sugar quiet; fair to
good refining 760dc. Molasses firm; New
Orleans 676I5c, Rice in good demand at
SdSsc. Crude Petroleum Toe; refined 204c.
Turp 3ntine dull at 55n56c. Provisions
Pork frmer; new mess $ISI; prime mess
$16an$17. Cut meats firmer; dry sailed
shoulders 7sc; middles firmer, long clear
95c, closing at 10c; short clear 9sc, closing
at 10c. Lard timer; western steam 8 Lice;
kettle 9Sc. Butter quiet; fair to prime
western 30037c. Cheese quiet at 156165c.
Baltimore Markesr.
BALTIMORE, April 17.-Flour dull and
unchanged. Wheat firm; choice white
S.20002 Is; choice amber $2.05A2.15.
Corn dull, mixed Western, &c. Oats dull,
mixed Western, 47c; white 38n49c. Bye
quiet and unchanged. Provisions strong
and buoyant. Mess pork $17.5061S.O 90.
Bulk shoulders 767sc; clear rib sides 969s.
Bacon, shoulders 7a68c; rib sides 9!I9sc;
clear rib sides 9s610c. Sugar cured hama
133615c, Lard held at 9091c. Butter
steady and unchanged. Whisky, small sales
at Ole, now held firmly at 91ac.
New Orleans Markets.
NEW ORLEANS. April 17.-FIour quiet:
treble S7.0068.00; family $9.O0HIO.5O
Corn firm at 51a657c. Oats quiet at 4Od
42c- Bran quiet at 75c. Hay quiet at $24..
O0626.00. Mess pork firm, $17.75ATS.O 90.
Bacon firm at 7i,69s,61O4c. Lard I'm.
changed; refined tierce Sc, keg 10c. Sugar
dull, fair to fully fair 8s69c. Molasses
dull; common fermented 40c. Whisky,
dull at S4693c. Coffee dull at 176
1890 Startling 261. sioht 1 uranoi1o,