Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-03-07
NEW YORK.
Steady Improvement in Money
Market.
Advance in Steerage Rates to
Europe.
$125,OOO Subscribed by Ply
mouth Church for the
Defense of Beecher.
An Attempt to UnsettIe the Money
Market

An Attempt TO UnSettie the Money
Market
NEW YORK, March 6.-The Wall street
markets were active to-day, with some i'm
portant changes. Early in the day a strong
effort was made to unsettle matters, b.
making cash gold scarce and dear. Loans
were called in freely, and borrowers had tC
pay one-sixteenth per diem for a shOri
time. This high rate soon brought large
amounts Of gold into the loan market, and
especially from Canada banks, and very
soon gold was loaned free Of interest,
This movement had no effect on the money
market, and call loans were easy
at 4a5 per cent. On the stock
exchange there was further
improvement and a buoyant feeling in
money shares. Some of the bears at
tempted to cover, and, in doing so, carried
up prices. II was known that about six
million dollars in gold had been taken of
the market, and that everything else Lad
been done which was deemed necessary 10
secure the success Of the squeeze promised
for to-day, but dispatches from Canada
kept it off. The general improvement in
the money market, which began week OF
ten days ago, steadily continues.
ASNoACC n 1NCDAAA8C 1NNAe|4s
An advance of five dollars on their steerage
passage rates will be made Monday by all
the English steamship lines, as result Of
conference between their representatives.
The advance will affect those taking steer
age passage from either side. The fast
lines will charge S25 and the slow lines
S23.
RumOrs About the TIItOn-BeecheF
Trial.
a rumor prevailed yesterday in the alb
sence OF any proceedings in the Beecher
trial, that one of the parties to the suit
had withdrawn, and that there would nee
essarily follow a discOntinuance Of the
case. The rumOr doubtless grew out of
reports that one of the principal counsel
had resolved to withdraw in consequence
of the neglect to his other business, which
the attendance for two months in the
Brooklyn Court had caused. he has been
induced, however, to remain in the case,
and will doubtless conduct it to the close.
Mr.. Jeffreys, the sick juror, on whose
account the trial was adjourned
till Monday, has entirely recovered from his
indispOsitiOn. The attendance at the trial
is to be limited hereafter, and Judge Neil
son has expressed his intention to allow to
enter court room only the number of spec
tators that will Just fill the seats. When
filed the court room will hold at least six
hundred persons, and on no day since the
trial began have there been less than FIVE
hundred spectators present. The most i'm
Fortunate persons who apply for admittance
are ladies, and sometimes they succeed in
passing the guards.
Plymouth Church Raises SI25, 900 20
DefrRy Expenses OF the Trial.
Mr. Z. J. OvingtOn, who testified the past
week for the defense in the TiltOn-Beecher
suit, has been subpOenaed by the prosecu-
tion, and in consequence could not sail for
Europe as he intended. Mr. Tilton's coun-
sci have knowledge of several letters which
OyingtOn wrote, and which they want iden-
tilted and put in evidence. There is a ru-
NOR current that Plymouth Church has
subscribed S125,OOO to defray the expenses
Of this suit. The TumOr goes so far into
details as to relate the action Of Bowen,
who entered q hearty protest against the
appropriation, and utterly refused to be a
party TO It.