Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-11-29
FINANCIAL.
An Exciting Day in Wall Street.
London Lowers Discounts 10 Six Per
Cent.

London Lowers DISCOUNTS 10 SIX Fer
Cent.
LONDON, Nov. 2S-The markets here
and in Liverpool are unusually strong.
New YORK, Nov. 2S.-The Wall Street
markets were excited to-day by the reduc-
ton in the Bank of England rate to six
per cent, the gain of 1,065,000 pounds bull
lion by the bank for the week, the advance
in securities at London, the decline i'll
money to a and ) per cent. in open mar
ket and by the more peaceful reports OF the
Spanish question. All this causes buoy
| ant feeling on exchange and prices ad-
vanced in leading shares J to per cent.
with large dealings. After the meridian a
change was drought about by the reallza-
tiOns on the stock exchange and vague ru-
mors about SicllleS leaving Madrid, the
advance in gold and depression in stock
late in the day was caused by reports that
there was increased activity in the navy
ward, and vague rumors OF fail
ures which could not be authenticated
HOwes & Macy.
AT meeting of the creditors of HOwes
| Il Macy tonight. it was resolved to accept
the proposition of paying % per cent. to
creditors in the following manner: Forty
per cent. on the first of January; 10 per
cent on the first of March; remaining 10 per
cent. during the remainder of the year, and
that the same be accepted by the creditors
as full payment of claims,
Chamber Of Commerce Opposed 10
Specie Resumption.
At meeting of the Chamber Of Com
I merce to-day, after a long debate, the ma
iority report on specie payment, which calls
on the government to resume specie pay
ment. was voted down. The meeting ad-
| iourned till next Wednesday without TAX
| ing a vote on the minority report, which
recommends that the National Banks OF
this city shall have power to establish
uniform rate of discount, and that Con-
greSs shall authorize the issue of ten mil
| lion dollars of United States currency bonds
convertible into legal tenders.
Register i'm Bankruptcy Appointed for
J. Cooke & Go.
PHILADELPHIA. Now 2S.-The Union
Banking Company. which suspended during
the panic, has resumed business, with the
| capital increased to seven hundred thou
sand dollars.
James Mason has been appointed regis
| ter in the Jay Cooke and Co. bankruptcy
case. Judge Cadwallader has issued an
order giving instructions to the receiver 10
have bankrupts forthwith to account with
him for all and any other of their property,
real or personal, monies, rights and effects,
the accounts to be taken from the com
| mencement Of proceedings on the 25th OF
| September last. and from such earlier perl
! od or periods. if amy. as may TO any item or
| items he necessary.
Over Ten Million Reserves Out.
WASHINGTON. Nov 2S.-The outStand-
ing legal tenders are $500, 6,230,OlS.
The Sprague Deed Of Trust.
PROVIDENCE, r. |. Nov. 2S.-Ihe
| Sprague trust deed was signed late tins
evening by \. & W. Sprague manutac-
turing corporation and individual members
of the family. A copy is withheld from
the public until it shall be executed by the
! three trustees named III the instrument
which is now expected will be done to-
morrow.
A New York policeman has got into troll-