Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-07-07
MaKErARY md C0MMERCIAL.
oFyfoE.or THE uNiox SD AnERtoAs. I

"
SAFUDAY. July z. 1866.
/ M0xE7ARY-The following were the quotation:
! for gold in New York::yesteriay: Opened at l5415
1881 at II; 1919 at y 30, and closed at l545sai
/ fP-N.
! The rate here was l52 buying and l5i selling.
| Government securities are quoted follows:
5-2os l0549lO51z; l0-iOs g74@97j4; 7-30s 1899
! 1g}3Ii Certificates io1's
There is considerable demand for Bank Of Ter
nessee and brokers are freely Offering 30 cents,
and asking 1895.
Planters Bank is also ia demand at 80 cents, and
Union Bank at 70.
Southern money generally is.dull. and in but
little demand.
The financial article Of the Baltimore GtEete
Of the 81 says.
At all the great commercial centres money CON
tinues in abundant supply. A large amount has
already been sDald out within the past week BY
the Treasury Department in liquidation of ceTtIh-
cease on the 18th inst In addition to this IT Is
understood that the temporary loans to the Irea-
sury, amounting to So 10000, also to be paid
of at AL early day, and as the July interest on
the public debt is now due and payable in gold,
the plethora in the money market is likely to con
time for some time TO come. 1t IS quite possible
that Secretary MCCULLOCH may, however, take
advantage Of the favorable state of things to
vert the currenc debt into long bonds, and If this
in, the rate for money, instead of being az low
z cent. on call loans at New Ork, viii rise IN
proportion to the contraction thus brought about:
All this, however, depends upon the AFFINITY OF
Secretary MCCULLOCH to carry out his plans for
funding the floating debt; and as Congress does
not work tremendously with the Treasury De-
partment, but is urged by influential parties not
only to maintain the present ease IN the money
market, but to increase II by the adoption OF new
schemes OF expansion the Secretary may yet md
himself restricted IN his operations, and hamp-
cred more or less by the national banks. which
even now find it difficult to find legal tenders
enough to enable them to redeem their balances
at the Clearing House.
The financial article Of the New York Ne,os Of
the same date says:
The market seems to be on the bull turn IA
yored by the abundance Of currency available at
this time. As bear operations greatly aggravated
the recent panic in England bill has been intro
duced into the House Of Commons to prevent such
"cOnspiracies." 1t is interesting to observe the
attempts at remedying such an evil by legislation
The following are its provisions:
That all contracts, agreements, and tokens Of
sale and purchase which shall, from and after the
day Of --, one thousand eight hundred
and sixty six, be made entered into for the
sale or transfer, purpOrtng TO be for the sale or
transfer of any share or shares, or OF any stock or
other interest, in any joint stock banking or 9TH
er JOINT stock company issuing shares or stock
transferable by any deed or written instrument,
shall be null anG void to all intents and purposes
whatsoever. unless such contract, agreement, or
other token shall be in writing, and shall set forth
and designate, such shares, stock, OF interest by
the respective numbers BY which the same are
distinguished at the making Of such contract,
agreement, or token on the register or books Of
such banking or other joint stock company, or
where there Is no such of shares Of stock by dis
tinguishing numbers, then, unless such contract,
agreement, other token shall set forth the per-
son or persons IN whose name or names such
shares stock or interest shall be at the time of
making such contract stand as the registered pro-
prietOT thereof in the books Of such banking or
or other joint stock company; and every person,
whether principal, broker, or agent, who shall
wiully insert in any such contract, agreement, or
other token any false entry Of such numbers, or
any name or names other than that Of the person
or persons in whose name such shares, stock, or
interest shall stand as aforesaid, or who SHALL
either by parole or in writing, sell or undertake to
deliver any shares stock or interest aforesaid,
without giving in writing to the purchaser at the
time Of such sale, or undertaking the designating
number of such shares on the register Of the COM
pany; or, in Of there being designation by
der, then without giving in writing the name J
of the person or persons IN whose names such I
shares stock or interest shall stand registered at
the time Of such sale undertaking, shall be |
guilty Of a misdemeanOr, and be punished accord
ingly.
CoTroN.-The market continues lifeless and |
without material change. We only heard of four
bales selling yesterday at ia 2SII. Both sellers
and buyers are holding off for further develop
ments. Private advices from New York at 4 |
o'clock quoted middling uplands at previous |
rates"-we suppose 36c.
dizziness ruled the day Our merchants complain
of having almost nothing to do. The trade in |
Flour was better than in other commodities, and /
the finer grades were in active request. with |
scant supply on the market. The demand for Ba-
con has been liberal, with falling off in the re-
ceipts from the country. while by rail and river
have kept pace with the needs of the |
trade. Lard remains stationary, with ample sup
NV and scaut demand Sugar has reIapspd a lit /
tic to former figures, and slight demand to meet |
actual consumption. Salt is in fair demand at
81 50 for seven bushel barrels, with anticipated
rise on the fall of the river. Owing to an advance
at the factories. Nails have gone up to s. 75aS
for los. Supplies of Grain ample, and but little
doing.
FLOUR.-Superfne q Dbl 50 50a9 70: Family
slOGll % Extra Family, Sl2gl3; Fancy 81 50g
SUGAR-New Orleans, l714@1Sc Porto Rico,
l5AGl6lIc; Cuba, l4159l6c; Crushed, Ice; Pow
lered, do; Granulated, do; Coffee A, lSGlSl2c; |
u, lSc; c, l7@l71Ic; Yellow Z. l51z@l634c.
GoFFEE.-Laguira 32935c Java 46@47c; Rio Is
B1cox.-Clear sides 22@22]lc; Shoulders 1G]lc
Hams, plain 2Og2lc.
BAGGING AND ROPE.-IIemp 2 yard 35e; Rope 2
yard De.
CANDLEs-Star light weight 2Oc; summer mould.
l6l5dl7c; Pafa6ne 3StG45c.
LARD-In tierce 22G23c; keg, 25c.
CORDAGE-Manilla q 10 S@3Oc; Bed Cords z
CoTroN YARNs.-7OO q dozen DC: 600 q dozen
25c: 500 z dozen &c; 400 = dozen 30e.
MOLAssEs.-PortO Rico S5c@@$l 90; New Or
leans 81 O5@1 25; Cuba 75c@90.
LIQUORs-Whisky, Bourbon, q gal So O0g4 so;
Robertson County - l5@5; Common 3 25g2 81;
brandy Ereneh . o gge SS CataToa brandy S2&Eo
Peach Brandy 81 1905 3; Wine, Malaga, s. jOG
$; Wine, Sherry, 81 seas.