The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1865-12-22

% ~ 4u4 FA'4A l4l4llN @AW6lN -. in lOUS
n, more activity exists. Sales include 200 heavy
, hogs at 95zc gross. snd $50 at ge gross. ana
a. 80 averaging $50 lbs at ) 1sc, rom the hooks.
! We note sales OF 30 bbls mess pork at s. S.
I. and 10000 green hams at l5c from The
s. blocks, aud 5000 DO a. l5c, ana 80 tierres
( prime lard al lie.
e The Cincinnati Commercial Of day before
a yesterday says:
By gradual steps Gold has advanced du-
. ring tue week IL te ne, being quoted
. here, now, at 49, 10 Acc premium, buying.
+ II seems that the force Of the policy advo-
! Gated by Secretary McCull0ch has been
I spent, at least in 50 far a. apprehension Of
/ a theory may 60, and unless he can adopt
measures to bring about, practically, per
maneut measures of contraction, il Is not 20
be expected that the business Of the couu-
try will voluntarily DRIFT toward a specie
basis Accompanying this slight recovery
IL Gold, there is a hrmer feeling as TO The
value Of other commodities, and it is appa-
rent that the inceriitude that has hung
ABOUT business Tor some weeks past, may
very readily give place 10 & renewed specu-
lative mania, If the TAX about contraction
4 not 10 be accompanied by positive action.
The conservative policy lately flIowed BY 1
bankers and others, in expectation Of a |
contraction, has checked the creation of |
bank Indebtedness, and increased the 1
amount Of idle currency. This accumula-
ton Of currency inevitably begets restless /
feeling as 10 fields in which it may be en- 1
ploycd, and it very readily incliues 10 uses |
OF a temporary character, from which on
large risks extravagsnt returns may be had,
ratner than 70 uses IN permanent enter
prises thaUwill AFFORD steaay but less re-
turns. Having shaped business affairs for a
more Conservative course, the Secretary /
: ought not, If he can avoid it, postpone |
measures 10 reduce the GJvernmnet's IN
/ founded Indebtedness, at rate as fast, if
/ not faster than the National Banks swell
I the bank note currency Of the country.
The disposition shown recently by the PEG
pie 70 invest in Government securities, JUS
/ tlnes the belief that It would not be a off ! /
cult matter to take another step in the pro ,
cess Of funding interest bearing temporary
obligations, and no protests from stock ope- ,
rators or spectators in commodities should
deter him, II he can proceed with the work q
so auspciOusly begun a few weeks ago. :
Money has had more purchasing power fo7 4
some articles since then. Il would acquire !
more Tor ether articles, if that process =
could be continued. But il it cannot be Z
continued, and he is powerless 10 hold the :
financial helm firmly for a port Of safety, +
ne can do the country no good BY delusve A
eXpedients, and might as well LET the evils
ne admits do exist Ia the present condition
Of hlngs, have Tree rein until they are I Il
eradlcared by course Of severe financial y
revulsion. q
Neither the offerings ofcash Gold nor the e
demand for IL have amounted 10 much du- u
ring the week, but there has been a fair d
business in the sale Of Gold Checks on New
York, for use in the purchase Of bonded
goods. The selling rate is made daily TO q,
correspond with or a little in excess Of that ~
current in New York. This evening it Is
closed at 461se premium, ca
Exchange has been a little more plenty III
Tor few days, but the supply is not so Al
heavy yetss TO bar the payment by dealers +,
o Their customers Of SOC per thousand pre- ea
mum.
The discount business of the banks has H.
lot been particularly hayy during the o.
week, though it has been gradually en- =
arglng. Rates Of interest have uudergone
10 change. a small portion of business ps-
yer only finds place az the legal rate aud
money Is found u be worth to 70 per ce.it. -
n customers paper for call aud time loans.
outside bills Of good repute are at l5al 3 per an
ent-, but not very many are making on the
resent restricted run OF speculative ven 4
ares
There has been a steady Improvement in /
government securities. Fiye-twenties are
ialc higher than they were last week, very Gu
~ Offering, and fair demand from in
esters. The old issues are particularly clio
,arce, at &c premium buying, and sold at
iale premium selling. The new issues are
ought by bankers at Aa55c premium, and \
I'D at 34slc premium.
Ten-ior-ies are held closely in reserve by ans
olders. In sympathy with the new York me
-arket they ale quoted at 9la9I &c buying, ~
I'd 92IEc selling. III
Seven-thirty Notes have improved full = le'
or cent during the week, making the buy ou7
e range s'54c to 975sc, and the selling Ne
&c TO Csc for the various issues CIV
Trade, in a general way has not been heavy +
irIng the past week, though better than It me
as Tor the preceding week. The advance the
Gently made in New York has been FOL d
wed here by putting up standard Prints
25c, and Sheetings to 34a3Jc.
There is but little change in the Grocery u
arket. Hard Sugars, IN lots, are selling a. iii
Eal954c. In a small way, &c On these srti
lures Is had. Raw Sugars range at lSJfa "a
&c in hhds. Coffee has been in fair de- ~, !
and. The range Of prices for lots is 2s TO ~
C IN small way, = TO Ic advance is GIsi
tanned. ~
Flour was nerved up little in holders III
-imation by some Improvement in New 60
'rk in the fore part OF the week. The g..
availing range is So 50a7 90 for super
e. Extras are quoted at s. 25sS 90; and N,
nily at IS 25a9 %.
ordiug new quotations for old Rel Of
me quality al 81 -; new Red at 81 IS. Pen
oice old Kentucky is held at 81 so; Ohio A.
4 Indiana at 81 40; but there is very lit. Cleo
offering aud not much demand. using
5orn has improved during the week full
per bushel, so that ear is firm 81 5Sc, and
slled at 56ae0c. ~.
bats also stand Sc better, afording 44c as ny73r
quotation for them in elevator. -
4 uisEy has had a dull flra rorfr,o re,grl~sg
e price Fixed since Thursday mas been
25, but sales at 81 % have been made.
4lnseed oil receives no attention: 81 ~ is IA
nominal quotation. stoeA
'otton has improved within a few DAYS. r.;
hat now acc Is firmly set for mlddiing.
lie higher generally asked.
he Provision market has been fairly / to tn
piled with small orders for consumption, form
great extent they have been limited as be pr
pTobabt Of ,b ",,n s ,sI ~ ,S as 70 Cor,
81 Of the sales made have, We lesrn, been
Southern account, little or nothing hav-
been sold Tor foreign account, notwith- as 80
aiding the Legitimacy Of the demand re-
ed. Mess P.rk has lost fully 81 per no,
rel, and IS now dull at $50 So Lard
lc lower, sales having been made for
eral days past at tic, and one sard TO
-e been male to-day at l62&e, with lib tn
offers al 27c the
ulk Meats have lately been neglected. eyeri
; quotations nomiaally current are llsc and
Shoulders, 4Lc fr Sides, and l5c for gsye
n Sides, but il is thought that conces- Is hs
Is on the hrst two articles can be had. tatlol
aeon clear Sides are the only article un- q NV
the head OF Bacon that hsve haze q snd
'kei' PIC is the prevailing quotation Tor tne
n. sight
reen Meats have within day or two cured
D more sAlable, and the demand was Dr.
y equal 70 the offerings at 5 IL for Shout CT &c
}, II Ne for sides, l4lsc Tor light Hams Vllle,
have act been Improved,
Tss generally antcip ated they would, IN.
il reems that this market is stiil leading -
othe IN this respect. Prices have 80
D remarkably steady al $40 0oaIO so, net, r.
ughoui the week. 80.
ackers, however, are operating with no -
it, but few Of them, indeed, doing sny al
g OF consequence on individual account,
a feeling as though Investments at
ent cures were exceedingly wild ven ~ 0l
5. Hogs never came IN in better condi- havln
The tardiness OF receipts iduces the Nh!el
Il, with some, that there IS more than Of VI
Z packing at interior points. cHnNe