Nashville daily patriot. [volume] (Nashville, Tenn.) 1855-1857, 1856-06-06
COMMERCIAL.
DAILY PATRIOT OFFICE, 7
Nashville June 6, 1866. J
MONETARY AND FINANcIAL

MoNErARY AND FINANcIAL.
The dullness that has prevailed in the Money
Market for some time past still continues, and the
transactions in every department are on an unusu-
ally limited Scale.
The hot Summer weather is now fully upon us,
and we may expect dull times in every department
of trade for the next three months, prime paper is
offered very sparingly in the street, and selling
readily at 10 to IL per cent, secondary grades are
more abundant and is passed at from is 10 "a per
cent. The Washington dispatches announcing the
dismissal of Mr.. Champion, the British Minister
bad no effect upon money or produce market
whatever. The effect in proportion to the ponder
ous outgiyngs in certain quarters has been rdicul-
ously small There has been no particular change
in bills for the last week. if any change at ALI there
is better demand for good 60 day bills on New
York A l bills are taken readily by the banks at
per cent discount. In regard to money matters
in the future see no good reason for any IN
easness, or alarm, as some would have the people
believe. From all portions Of the country, the
crops are represented as being remarkably good,
the wheat crop which is very large will soon
be ready for market, aud will have tendency to
keep money comparatively easy during the summer
months The New York money market is quite
easy, but in all probability will be slightly affected
by the New London loan.
The London Times says, the uncertainty as to
the financial requirements of the Government is
terminated by the announcement of the new loan
in cousos for E5 600 600 sterling Tor S25 900 O00)
the amount originally stated, that to which it was
expected to be limited The contract is to be award
ed on the morning of the 18th, on the evening Of
which day the Chancellor Of the ETchequeris to bring
forward MS budget. As the loan is to be for five
millions 10 money, the amount Of stock to be Gre
ated will be about FIVE millions aud half deposit
Of 10 per cent is 10 be paid on the 22nd inst, and
she subsequent instalmouts are TO be spread over
four months, ending the 18th of September. The
stock is TO bear interest from the commencement OF
the present year, aud no discount for payment In
view Of the facts above stated We incline to the
opinion, that American stocks will not be much
sought after by European capitalists for the next
ninety days to come.
SrooKs-The market is quite dull for all descrp-
tious Of stocks We have heard Of a sale Of some
small lots Of Davidson county bonds, having seven
teen years to mature, drawing per cent at SO
cents cash; Tennessee 6's worthless cents cash,
in New York; Nashville & Chattanooga 4. K stock
mar be quoted from 50 to 40 cents, but none SELL
Ing
ExcHANGE-Sight Exchange on New York is
in good demand at 20 per cent prem. Some OF
the banks are checking for their orH notes Onlg.
Sight Exchange on New Orleans per ct, and not
much demand
Land Warrants have got the Mack eye badly. Un-
der the influence Of large grants Of land 10 the
rioss Railroads IN Iowa. Wisconsin and Minnesota,
the price Of Warrants has beeniv much de-
pressed We quote them in New York from 50 10
IS. and In Washington IS 10 30, wiah downward
tendency; and IL Is believed they viii 90 TO 70 ets.