Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-11-18

This shows the steady increase OF stock
there, and the last two dispatches have
called the market nominal. Exchange
was quoted 26Rd there, as for some time
past. This shows the position at Rio in
regard to stocks. The market has been
duh there, and consequently the dispatches
have shown reduced quantity loading for
foreign ports. The last two kilograms have
shown decided increase of stock, with
sales of only 1000 bags, while the increase
of supply has been 100000 bags. This
state of affairs there, however, may be
regarded in two lights. Holders here
may see something to relieve the
position here in the decided de-
crease in the quantity loading for the
United States, while buyers viii be apt to
notice the figures and see the increase of
stock here and at Rio; and putting these
facts and the monetary Stringency here
together, may see no reason for present pri-
ces to be at all sustained. The statistical
position at the domestic outports remains
about the same; the stocks yesterday showed
an aggregate decrease of 5,66S bags. The
position of the market here may readily be
seen and the tendency of prices as readily
inferred. Stocks have been accommodating;
there has been little or no demand, and the
monetary trouble continues.
Mild coffees have ruled steady generally.
though business has been less active. But
it is an undoubted fact that Java and Mara
caibo are in holders favor. The stock of
Java is small, and that of Maracaibo has
been swept away by the weeks business,
the $50 bags ex brothers being all sold.
In other descriptions of mild there has been
less business, and the sales have been con-
fined to small lots. Java has still been
quoted at 261a2Sac as to quality, and the
reports from the growing country stating
damage to the crop, necessarily, taking these
and the presefit small stock here together.
give sellers confidence in holding for pres
ent prices. Advices from Batavia, dated
September %, state: "Coffee has continued
to advance in price, and the unusually eX-
cited demand which prevails is likely to
push the value still higher. The reduction
in the export duty, which takes effect from
the LIST of January next, is already exer-
cising its influence on present prices. The
30th of October Padang sale is likely to 90
high" We shall see some more Ceylon
coffee here in short time. The London
consumers have decided appreciation Of
the worth of that description, and reports
of short crop in prospect have caused
higher prices there. A Colobmo circular,
dated October 4th, says: 'Coffee has been
rapidly rising, kilograms from London adj
vising a continued advance in price
there. To this mast be added the gen
eral expectation of a short crop this
| season as compared with the one
| ending 30th ultimo. We hear of no orders
for the United States being executed al
current rates, and the Alexandra, now
loading for New York, will likely take a
| quantity OF the new crop-about 200 or 30(
tons, we believe" There is no Ceylon
| here, either in first Or second hands, and nc
Maricaibo in first hands, so that these
grades are merely nominal in value. Tht
| position of the mild cofiees here is this
The statistical statement is in favor O
holders, an advantage which is in meas
ure conterbalanced by a dull market.
Sugar has ruled about steady, for raw, a.
the late decline. There has been some de
preston in grades falling below good, ant
there has been a pretty steady market fol-
good descriptions. The stock YESTERDAY
was 1880 hhds., against 0,l50 last year
1851 boxes, against 2S,044 boxes las
year, and 316,916 bags, against 2S,292 bag
last year. With this quantity of sugar OF
hand, very strong market cannot reason
ably be expected. Fair to good refining
yesterday was s6Sa7c currency, with golt
107s, while at the same time last year tn
range for those grades was 9salOc; thus i
is shown that with excessive stocks ant
low gold, low prices are natural conse
quence. Refined sugars have met with
moderate demand at reduced prices, har'
grades nominally 95c, with soft white A
94a9sc.
Molasses has been dull and lower, ney
Cuba now being 16al7c for centrifugal an
mixed; 1Sa22c for, clayed; 19a23c for Mus
covado refining, and 25a30c for Museovad
grocery grades; Porto Rico 24a50c, an
English Islands at 26a45c. There has bee
one cargo sold for export to Canada, am
some other business, but lower prices hav
| been necessary to stimulate trade. NeV