Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-09-19
MARKETS By TELEGRAPH
The Oosson MarAs.s.

mARkETb BIZ TELE&kARH.
The CossOn NaRkess.
LIVERPOOL, Sept. 1S-Cotton quiet;
middliDg upands9u; middling Orleans cid.
Sales 1900 bales; American 5000 bales;
speculation and export 1000 bales; sales of |
uplands on basis of low midding Sep
TENDER delivery 15-16d; do. October and |
November delivery Cd.
NEW YORK Sept. Is. - Cotton dull; |
middling uplands 2O1c; ssles of futures |
1880 bales as follows: September at IS |
3.l6n184 C; October II 9-166I7 11-16c; |
November 173c; December II 7-160l73c;
January 17sGo17 11-16c.
NEW ORLEANS, Sept. 18-Cotton de-
mand good and supply light and prices adj
vanced; ordinary to strict ordinarJ 145N
IT. low middlings to strict low mid
dir .6t619sc; sales sos bales; receipts
405 bales; no exports stock 0,739 bales.
MEMPHIS, Sept Is. - Cotton dull and
prices dropping; good ordinary Ice; low mid
ding 17Ic; imldlidngs 17.c; receipts for the
past day $50 0sles; shipments for the last
"a hours 246 bales; stock $500 bales.
LOUISVILLE, Sept 1S.-Cotton is quiet;
low middlings 17ac.
ST. LOUIS, Sept. 1S.-Cotton quiet and
unchanged.
CINo1ENAr1, Sept. 1S.-COtton is quiet
at 1910.
| Foreign Markets.
LONDON, Sept. 10, 5 P. M Consols
for money 92s6922; on account 92s692aa;
5-2O's, '65, 95i; do. '67, 95a; do. 1O-4O's
| 81; new 5 pos 91s; Erie 47s. Bullion
in Bank of England has decreased fl06,-
| COO. Amount Of bullion Withdrawn from
the Bank of England on balance to-day
| flO,OO0. The discount demand at the
Bank of England is moderate as well as in
open market.
PARIS, Sert. 18.-Reuteg 57f doc. Spe-
Gle in Bank of France increased 1000, 900
francs during the past week.
New York Money Market.
| NEW YORK, Sept. 1S-The day in finan-
cial ci. cles has been one of unusual excite
ment, growing ont Of the suspension of Jay
Cooke g. Co. Other failures which have
recently occurred were LEGAL affairs and of
course produced little excitement compared
with this. The connection OF Jay Cooke
s. Company with the Government market
ing of loans during the war, and the fund
ing operations since, have given the firm 8
national reputation, which, of course, only
intensified she excitement consequent upon
their suspension. The money market was
unfsvorably affected by the failures of the
day, and general distrust was engende' ed
thereby. The early speculations on call
were at 7 per cent. currency to gold inter
est, but in the afternoon it advanced to I
per cent. per diem, which rate had not been
reached since the exciting times of last
winter and spring. The final business was
at I per cent. Late in the day sterling was
heavy and lower at 106610Sa for 90 days,
and 1C9 to 1901 for sight. The customs re-
ceipts were S539, 900. Gold was active and
; higher, advancing from ILL., to 112s, and
closing at 1l2i; the loans of gold were from
!. 5 to and LILO per cent. for carrying
I the clearings were 100000; the
Assistant Treasurer discussed Sl25,OO0
= TIE Express says the government to-day
7 in refusing 70 sell gold took the first step to
: wards stepping the spread Of the panic anC
calls upon Secretary Richardson to lei LOOSE
a portion of the currency balance. Gov
ernments were weak and unsettled in toni
at the close. State bonds we're quiet. Th'
= effect Of the suspension of Jay Cooke u Co.
Has decided on the stock exchange, wher'
% a heavy decline in values took place with
feVerish and unsettled market. Durini
;. the afternoon there were constant rumor
. of failures but at the close of business tn
4 only additional ones were Robinson
Snydam and Richard Schen. The fOrme
, were carried down by the6ecline in stock
and the latter suspended more on sccoun
70 of his connection with the new railroad
:. building, which has temporarily !ocke'
= I'D considerable portion OF Scheli's aVallS
BILE cash means.
The railway snd miscellaneous specula
ton was active and excited throughout tn
:. day, with numerous and wide h0ctuatloT
y in the list. The lowest prices OF the ola
were nade towards the delivery hour Whe
A. the market showed decline Of to Il Pt
~ cent. Up to the time above mentioned
al there were frequent reactions and countf
" actions as the reports in circulation WeT
considered good or bad. When unfaVor
10 bic reports we're promulgated there vi
q each time q tremendous pressure erougl
90 to bear upon the market, which produced
! panicky feeling at different parts of the da
- while on the other hand, prices recoVerC
in one care as much as q per cent, Wnt
the supply Of stock for the time bell
seemed to be insufficient to meet the wan
of ready purchasers. 1t can safely be Sc
Az the excitement to-day equslled that duril
~ the Chicago Ere panic. AT er the delive
~ hour better feeling prevailed and pric
- rallied at the close J to 3 per cent from T.
~ lowest point.
The Chief fluctuations for the day we
as follows: Western Union 88k, 7Sa,
: so, S23, Is, 81; Lake Shore 800, 903, 81
y S9a, S7!, SSk, So, 875; Northwest eommo
W. SO, 493, 81, S8a. 500; preferred 75s, IS, Z
~ 744; St. Paul common 49,, Al, 41s, 80, 4
'W preferred 6S, &c; Union Pacific "A, 81, %
-, 81. Oh; Cleveland, Columbus snd India
nU Central 81, 2453, Z6, "a, 24s, 2l3: Panar
: ll25, 113, l0S, 100; Hannibal and st.
~ common 81, rs; Harlem 1861, l26, Il
:. The improved feeling at the close was d
az to rumors that the Secretary oftre Treas
- nv had ordered large amount OF currep
80 to be deposited in the banks.
-, The Post says the failure Of Richs
"a SchelI and Robinson and SnyGay, and that
-'N Jay Cooke & Co. comprise the disasters
the day. Nearly eVery prominent hoi
and Spectator BIS been reported to day
O suspen ed. Tut as noticed the three nan
- are al which can be automatically sat
90 TIE losses OF the holders of securities d
> 4 been large there is DO doubt, and so far
AZ thew have been compelled to sell the be
l4c' in stocks Lave started. This panic is
phatically financial not commercial par
as no merchants generally being in good c
W dition, so far as their legitimate business
concerned. If the Treasury does not
we duce its currency balance to safe WORK
A'c' amount the panic will be limited to
street proper. The decision of the Ser
Sno tsry no; to accept any bids for gold to-
=. will prevent further accumulation OF
a. rency in the Treasury vaults, and is n
~ in the right direction. .,, :,
Sterling Exchange-Banker's Bill i
U. S. coupons, 1881, 1165 ex-intel
O az. 5-2G's OF 1862, 118; do. 1854, ll4E;
.oU; 1866, lis; do. new issue 5,2Os OF
AUG 1851; do. '67 l16; do. '6S 1153; new
iii; U. $. coupons lO4Os III;
RI. S. currency SIS, 1921; Missouri State bf
: :, 913; Tennessee old 9O44; new 500; Yves
ockD Union Telegraph 500; New YORK CeI