The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1865-12-31

The Controller OF the Currency has re-
Gently addressed circular 10 the National
Banks, Of which the following is the essen
tisl feature:
xii Lawful Money Reserve.-In this
connection the Controller desires TO remind
the banks that the provisions Of the act, in
respect TO the maintenace Of reserve, are
explicit ADD absolute; that they cannot be
dlsregsrded without an open violation oil
{ Law; aud that it is his duty TO see that the
( reserve be properly maintained.
I ITEMS TO BE PROTECTED BY "LAwFUL MONEY
RESERVE"
1. National Bank notes in circulation.
> state Bank-nGtes 10 circulation.
J. Individual and United States deposits.
The LAWFUL MONEY EEsERyE SHOULD So:
I /. Specie.
/ 2. All United States legal-tender issues,
including the Interest bearing Legsl-tender
/ Notes
3. Balances in approved as ociatious, in
cities named in section 81, due to banks
not located in said cities, to the extent OF
three-hiths Of the required reserve Of fifteen
per cent.
4. Balances in approved associations in
New York, due TO associations in any Of the
cities named il section 81, 10 the extent OF
htty per cent. Of the required reserve Of
twenty five per cent.
8. Clearing house Certificates, under sec
ton 81 Of the act.
o. Balances due from the Treasurer or any
Assistant Treasurer Of the United States,
pa able on demand.
Il IS unnecessary that the reserve, author
lied to be kept in National Ranks, should be
kept in banks selected and approved as re-
deeming agents.
The Cincinnati commercial Of day before
yesterday says:
There is SO far, but q moderate degree Of
animation in business, and il Is satisfactory
~ know that & speculative spirit has but
little influence in disturbing the value Of
any of the leading commodities, though
there Is very generally a steady 6rmne
among holders, and but few articles forcs cd
on the markets.
Flour is meeting with more attention than
for some time past, but the dem nd appears
10 be mainly IN the regular way, aud the
improved tone more confined TO holders
than 10 buyers. Choice grades Of superfue
are held up 20 50 p, and IN some cases even
up to 81 So extras al s. 5Oas ~, aud family
at SgalO.
Wheat, Of choice quality, is rather scarce,
and old Red Is not offered Al less than s..
The little demand there is has to conform
to this figure Choice new is quoted at
81 IS; but the demand will not sustain that
figure.
Corn is steady, at 53c for ear, Coo for
shelled, as trading figures. Holders gen
orally ask &c higher.
Oats are dull, and a concession OF le per
bushel is Necessary TO meet buyers, there
han don i lot Il.
Rye is held at zoe Tor the best samples.
but the demand is very limited.
Barleys bears no better quotation.
Whisky is very dull, and has no market |
above 3 %, and not much al that
Cotton remains steady.
The Provision market lshowed increased /
animation during the early part of the dav, |
and general upward tendency in prices, |
particularly for mess Pork and green Meats. /
Mess was sold up 10 S29 SO, aud holders /
generally put up their figure 70 $50; but il |
has since become weaker, and is now with /
out demand above $50.
Lard was put up 10 l5Iyc, with small /
sales, but the offerings at that are now lib /
eral, and but few orders on the market
Bulk Meats sympathized with the ad-
vaucing course of things in only a limited
degree. Nomiuslly, Shoulders are held up
to BE; rib Sides l51zc, and clear stI7l.a
l. &c. Green Shoulders are held at Ice,
with a fair demand al 9lza9<c Green
Sides are quoted at l5c. Green Hams were
sold TO a liberal extent at 1870, and those
Of good cut continue very firm at that
Hogs were put up full p per GENITAL
making the Market 81 IS for desirable
weights. sellers generally stood for Sl2
The market lost nerve in the latter part Of
the day, and the figure attained-Sll 20
is now an extreme hgUre. We hear it init
mated that the recent advancing course Of
The market has startled lively movement
in the country, and that receipts from some
sections sre likely to be largely increased.