Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-10-15


ii''-iss 1sias III, $ 81 Jes !, ..es Vi dis.
ecu z. ~ alt. ) ,sl cea5 Consols
~, nisees sa0Js 4; on account 92s092s;
o-zO's, 20, 965; do. '67, S64; Go. 1O-4O's
81 s new s EOS 9lS; E4ie 800 Rate of dis,
count IN open msrke. for three months
Diils IS 3-16 per cent or 1915 below Bank
Of England rate.
LIVERPOOL Oct. IA -Breadstufs are
lower; California white wheat average
rs "a; DO. DO. club 12s 9dnI2s 13d fol
red WESTERN spring amber lis Cd. Flour
2oD2Ss. Corn 32s. Receipts wheat past
8 days, $4,000 bu all American do. corn
$4,000 bu; American 1900.
ANTWERP, Oe.. l4-Refned petroleum
PARIS Oct. 14.--Reutes 57f Csc.
New York Honey Markss.
New YORK, Oct. 14.-There was great
excitement in Wall street today, attended
with great depression in the Stock Ex-
change. This condition was brought about
by an advance in the Bank of England rate,
Additional banking, stock aud mercantile
failures are reported, and owing to the Diff
hculty 10 procuring money in large amounts,
on stock collatersls, banks ara extending
lits or no assistance to broker while for
e1gn bankers are calling Ia loans on stock
and refusing to make any new loans; thus,
brokers generally have to resort to sales to
procure money in large amounts, and it
was these forced sales which dragged down
the market to-day. Bankers were BUYERS
OF exchange and gold, rumor says, in ODE
dience to some orders from the other side.
Inc natural result of all the above NIT
tiers was sharp advance in gold premium,
with feverish and more active market.
Money worked clio e st 1.16 to 3-l6 per
diem. GreenbScAs closed hrmer at ?
as premium. Foreign exchange frmer
In be morning and bankers advanced tbair
ra.es to 107 and 10S, but there was M hns-
mess over 1868 and 107a, while at ple close
prime bills could be bought at 1864 and
1918. Custom receipts $685.. 30.
Gold was active and R.srer, advancing
from 1883 to 1929, closIrig at 109a. Rates
paid for carrying Were Ga N1-32, and Z
per cent to float fer borrowing. The final
rate Y 8 per cent for carrying. CleariDgs
S3l,OO0,OOO. The Assistant Treasurer dis
cursed $4,000. $1,000 pounds foreign
spee'e were received at the Assistant Sec
Ieiaries office; total amount to date $4,000
pounds. Government bonds firm and
higher, the advance in gold having impaired
strong tone to the market.
Among the failures to day were VIM
Hcge q Co., bankers; W. Ii. Whitemore &
Co., Wise & Gloss, and G. H. Pierce, STOCK
brokers; Gillespie, Drswbridgs s. Co., tea
merchants, and the sugar house of Burger,
Hulburt d Livingston. No failures ara re-
ported among dry goods men. At the
Stock Exchange Boyd, Vincent & Co. sold
out under rule, but have not failed. This
hrm turned Lake Shore with two parties
who wanted them 10 sell out themselves,
but declined to viola'e the iDjunctiou and
other parties sold them out under rule.
Railway and miscellan Gus speculation was
feverish and unsettled, owing to reasons al
ready gwen. There was very heavy pres
sure TO sell at times during to day, resulting
In decline Ia prices of enc 70 nine per
cent. Al the close there was but slight
recovery from the extreme depression.
The greatest decline was in Western
Union, Which broke from 573 to 575, rallied
to o., dropped to 49,, and closed at 40.
Lake Shore rose from Ga to 66s, receded to
6S44, recovere to IS, declined to 500, and
left of at so. New York Central fell off
from oe5 to so, and and rallied near the
close to $50. These were
the principal features, but a
sharp decline took place in some of the
other shares. Prices touched To-day, in
many instances, lower than those made at
the time OF tbs panic. Investment shares
shared in the general depression, the great
est decline hsVing been in Delaware, Lack
aTan2 and Western which cold from So to
81. There was much excitement in the
street regarding Vanderbilt stocks and all
sorts OF rumors we're current touching his
brokers and Mr. Drew. The fight msde On
New York Central today was on the rep
resentation Of parties that the dividend due
tomorrow would Tot be paid. At a late
hour, however, it was stated the dividend
would be paid promptly. The stock market
left OF feverish with feeling of appEehen-
sion for the morrow.
Sterling Ezchange-Banker's Bill 1861;
Q. S. coupons, 1881, 113 ex-interes,s;
5-2O's Of 1862, 1861; do. 1864, 1869; do.
1865, 1O7; do. new issue 5-20s of '65
1923; do. '67 1114; do. '6S Ill; new five
1O6&; U. $. coupons 10 dos 1861; q.
5. currency 6's, 119; Missouri State bonds
S7a; Tennessee old 6955; new SO; Western
Union Telegraph 49a; New York Central
S84!;; Erie AL.
Kew YORK. DIZZY ROOas Msrhes.
NEW YoRK, Oct. H.-There was more
active trade movement to day, with both
iobbers and agents. The market for cotton
goods rules steady for all descriptions of
heavy standard brown sheetings, and