Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-01-02
Monetary and Commercial.
OFFICE OF THE UNION AND AMERICAN, /
MONDAY Jan. l. p. M. 1866.

MONDAY Jan. /, P. NJ, 1866. }
NORTHAMPTON Thursday, Dec. 18th, P. NJ. the
market for money in New York was fairly down
to six 2 cent. demand loan. as the rule of the
street, to the Stock Exchange borrowers. The
Banks appear to have amply provided for their
First Of January quarterly statements and divi-
dends, and are now free lenders, in common with
the private banking establishments, whose balan-
ces have been large for a week or two past. The
Bank return Of Monday last showed Specie and
Legal-Tender strength Of $50 1856 to line Of
Deposits and Circulation of $200,651, which is
nearly twenty millions over the average of Is .
cent. required for their First of January Quarter
ly Statements to the Government at Washington.
The Country Bank balances also continue to move
in favor of New York, and as both Gold and Ex-
change are working satisfactorily, and the Cotton
news by last nights steamer is encouraging for
heavy exports in January, the prospect may be
esteemed good for buoyant opening of the New
Year. Money is reported dearer in Europe, but
this being qualified by an advance of decided i'm
portanee in Cotton in Liverpool, the financial
feeling here has improved upon the general ad-
vices per CITY Of Washington. Three days later
news is looked for by the Australasian, to Sunday,
Dec. II, before which date the China from Boston,
Dec. 6. with the Presidents Message. should have
arrived out.
The price of Gold 145@1451z p cent The specu-
lation in the Gold Room is dull, and the transac-
tions of the day not important in amount. The
last New Orleans steamers brought forward a
liberal supply Of Bills on England, including Bank
signatures, which were done at 109@l09H p cent.
Standard drawers are still quoted at 109 @A p ct.
0fthe LIST January Gold Interest to be paid out,
estimate that less than one-sixth of the 50 $780,
900 due. will be drawn for European account. say
Five per cent of $3.50 900
On old six per 1000
On six per cents of 1881 100000
On hve per cents OF ISL. $1,000
Together, 400 900
The Stock Exchange is advancing on Govern
ment Securities and the large Wall street dealers
find free demand for sos and 7-30s. at their
counter, by way of reinvestment of the New Year
Dividends on Bank Stocks, Government Stock,
etc.. etc. The old sos of 1862 were stronger on o
somewhat lower quotation from the other side.
In this city there is but little doing in uncuent
money, and we have no alteration in rates to re-
port. Bank Of Tennessee is bought at IS cents and
sold at 40.
Union Bank is in demand at go cents while the
Planters Bank is rather dull at 55@56 cents buy
ing, and 57@15S selling.
Southern money is unchanged and very dull.
There is no demand for it, while there are con-
siderable lots for sale
CoTToN.-The offerings to-day have been small.
Sales 1908. Nothing from New York.
McAlister received 40 bales and shipped 60 bales
GRocERIEs.-Owing to the breaks in the rail- |
roads South of this point, and the difficulty ex-
perienced in shipping. groceries have been ex-
ceedng dull for the past few days. Prices have, |
consequently, ruled very weak, though nominally |
no lower. |
We continue to report our former quotations as |
follows:
FLouR.-Superfne, 5000 90: extra, Sa1O:
Family, 10 5Oa1l 90; Fancy, from selected white |
wheat II 50C913 90.