Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1866-12-02


IS Sd e Coupons. 107H9l07N
II" New issue -........-..--......, l0s21@l0ssz
l0-40s SgEGIO0
1875, .-.......... .--..-..-....--..-... lI0X
I'd and Sd series............ l05@lO5H
There is but little doing in uncurrent
money Bank Of Tennessee is quiet at 47c
buying, the recent demand having entirely
ceased, Planters bank is firm at sc buy
ing, and 83c selling Union bank is firm
at nc buying, and 8O@S2c selling.
Southern bank notes are very dull, and
Only few Of the best banks find ready sale.
Nashville corporatian checks are rather
dull at Sc discount. There are a great
many offered for sale
Tennessee bonds sold in New York on
the 28th ult. as follows $4,000 ex-cou-
pous at cole, and $4,000 new at 69lc.
The Messrs. Satterthwait, of London,
have the following paragraph in their cir
cular of the 9th nit. in regard to United
States 5-20s:
I'VE have to note increased activity in the
london market for American securities during
the past week. The recent importation Of United
states DDS appear to have been well taken on
bOth nome ana continental demand, and the
closing price for the next settlement 20 7ON,
shows an advance of nearly two ger cent. on tho
week. The 1866 issue of these bonds has recent
~ been introduced on. this market They are
identical with the 1862 ISSUE excepting that they
have three more years to run. The first quota
tons gave profit Of 81 per cent. by exchanging
the earlier for the more recent dates, 50 that
many holders for permanent investment made
the exchange. The stock imported, however.
having been absorbed, quotations have moro
nearly Appropriated, and now not more than
"a can nwa 10
The cotton crop continues to be as fruit
ful theme of speculation as it was three
months ago. As the season advances, how
ever, the Northern estimates has been
lowered fully half a million bales, and the
range now is from 100000 to 100000
bIae5. This is still considerably over the
Southern estimate, which placed the crop
at I,2500OO to 100000 bales. There are
very intelligent gentlemen connected with
the cotton trade in the South and with its
production, who think the yield will be
below the lowest estimate. The Columbus
{Ga) Sun of the Goth ult. has this para
graph in regard to the crop:
that over half the crop oflS50 will be produced
and speak glOwingly of the Late fine weather
being 50 propitiOus 10 picking. We believe
there kas been as much land planted in tkis seq
uOn' as many treedmed in proportion worked |
and farmers have had propitiOus seasons i'll
mot more 80. a. any section in the South, and
yet where q man has made halfa CROP his case |
q rare exception. From September list to No |
yembeT 18th. there have been receives in Column
bus l6,il1 bales; in 1859 from September lst to
November 18th, 81, 219 bales Cotton this year 4
market pvp rpvgz
known. Facts like these should be trusted not /
eJ pqlfe statements Of superficial correspond |
ents."
The New York Shipping List Of the oath
just, commenting upon the cotton crop, its
prospects, and the prospective Information
81 trade in the staple, remarks:
"Ih England. spinners spectators and capi-
talists continue 70 watch the course of the staple
an thls country with intense interest. Thus, not
Withstanding that the new crop in Egypt
amounts 20 some $4,000 bales, that the growth IA
India and Brazil is expected to be fully equal to
last season, and that Lancashire has ample
supplies OF cotton on hand, the future value of
cotton in the United Kingdom seems TO depend
upon the actual production in the United States
The popular estimate in Englgnd of the Ameri-
can crop is 10000 bales and they count upOn
drawing l,5000OJ bales hence, to be made up in
part OF the old crop on hand at the close of the
late cotton year. With these figures as a basis
English spinners entertain apprehension
that future supplies will fall short of their wants
even though both the home and foreign trade
should increase. The quantity Of cotton held in
England is about 100000 bales, against less than
half that quantity in 1865. They are also IN
porting freely from various quarters, and there
ne quite an average quantity afoat from the
East. In speculation this year. there has been
= great falling of in England so that the trade
Is 10 some extent free from excitement. All
kinds Of cotton goods, too, have been reduced in
price, and this, in connection with the depressed
state Of the trade in the manufacturing districts
would seem TO point to lower range of prices
than anticipated by many, on both sides OF the
Atlantic
The New York Times of the 2Sth ult.
says the weeks exports of domestic pro-
duoe and miscellaneous goods from that
port have been to the currency value Of
3,466,6ll. Included in the exports have
been the unusually liberal amount Of S,I04 /
bales ofcotton, valued at 81 ,456,G23. {.
The stocks in coffee in first hand, IN
New York, TO which is added the stocks Of
Rio held in Baltimore and New Orleans,
compares with previous reports as follows