Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-01-19

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OFFICE OF THE UNION AND AMfRfcAx.
THURSDAY. JAM 10. 1866. J
MoSErARy.--6ofd opened in New York Al
1895. and a, noon closed at the same rate. Il
was bought here in smal lots at ls5@ls6, and sold
at l3sG140.
Bank Of Tennessee is bought at 40 We heard
Of 5000 being sold az shade higher. Brokers
sell at 43Gi5
Union and Planters Bank are unchanged The
former Is bought al 90. and the latter at So.
Southern money is dan and difficult TO sell. 1t
Is not taken at over the advertised rates.
The following remarks on the financial situa-
tion are from the New York C5ssaerciai CAron-
icte of Saturday:
A prominent topic of discussion in financial cir
cles is the effect which the increasing plethora
OF money. and the prevailing loss Of confidence
are likely TO produce on general business. Yes
terday, the banks and loan institutions were offer
ING freely TO lena at per cent. But there were
lew borrowers, and the general disposition among
conservative men seems 1T present TO be TO avoid
all time engagements, and TO contract, as far as
possible, outstanding obligations within narrow
limits. We have thus an extremely easy loan
market. coexisting with the declining values at
the Stock Exchange and elsewhere.
This ease in money is due in part to the closing
up 81 the usual avenues for employing i and in
banks of national bank notes. The news of the
advance in the Bank Of England rate Of interest.
on the 18th of December, has had mo, influence
whatever on our money market, which appears
to be governed at present by influences original
ing in our own financial situation.
There is little doubt that the depression in pub
lie confidence, Of which proof will be found in
our account Of the weeks fluctuations in the
stock market i closely connected with the antc
lpated effects Of the contraction movement OF the
feeling of vague distrust will probably pass away
when the practical character Of that measure is
better understood. The well known mischiefs of
be dreaded by our business men; but in the pres
ent and prospective condition of the National
Treasury, such violent. sudden contraction would
defeat its ownpnrpose, and is equally unnecessa-
ry and improbable.
CoTroS.-The market opened this morning very
duh, and continued so during the day. at about
one cent decline on yesterdays quotations. We
quote 4OaI2c Z n. the latter figure for the best
quality.
a prime article at 81 5Ga1 IS.
RYE.-The market is fat, with little Offering
which We quote nominal at at coal 50.
: BRAS-Is in fair request. and prices are un-
changed. We quote Bran a; g O062 so per 100
weight Shorts 90. and Ship-Stuffs 8.
GRocERIEs-More active to-day with liberal
sales Of all the leading articles; and the market
is little more firm than il has been for several
days past, with no material change to note in
prices. We quote Coffee at 30@32c for common.
33934c for prime. S5@3Gc for choice. Laguira 35a
Sec. Java 46@5Oc q ID. So
PoRS.-The supply has been quite limited dur
ing thr week. Bacon is in good demand; Clear
Sides. 2292sc; Hams. 27a2sc; Shoulders, ls@1ac;
Sugar Cured. none in market.
CoRS-Is in active request. with small lots in
market. We quote prime White from store at
81 cool O5, sacks included; zoe in the ear
0Ars.-The demand is very active, receipts
light and prices firm. Wequote bupag in small
lots at 75@ SOC from store.
BUrrER.-There are fair stocks on the market,
and prices are firm. We quote prime article for
table, at from $50 4Qc.
BALE RoPE AND BAeGTNG,-The market Is with
out special animation. We quote bale rope mt
20@ DE; and bagging is held at 35@36c.
SEEp.-There is an active demand for Clover
seed. We quote. Clover 50 5O@l0 90; Timothy,
s. 50@6 90; Blue Grass clear, So 2O@3 25; Red
Top 81 25@2 80. II
HAY--Is in moderate demand, and prices
steady; we quote ON arrival at $22@23 per ton
and from store at S2s@25, according to quality
MoLAssEs.-Sorghum in good demand for extra
low grade unsuitable: 1901 90 for Cuba; New
0rlcaus1 l0@1 IS.
There is change in Dry Goods. Cotton
goods Of all kinds are firm at yesterdays quota
tons.
BEEF CATTLE.-The market for Cattle is very |
lctive. Wequote first quality at &c, gross; fair to
good 495c, gross inferior &c. gross
Cows AND CALvEs-Extra, 5000 for first |
Iuality; S6O965 for ordinary; inferior. s359lO.
VEAL CALvEs--None in market. nlgtf |
SwINE.-The market is almost bare of Hogs We |
quote heavy corn fed at S@10c; still fed. Ease
WHsKY-Is in active request. and prices are
irm at So 25@2 50 for common; Bourbon. SO 25Q |
90; Robertson county, So 1904 co.