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

y London advices on the evening Of tn
10th inst. quote 5-20s at II, and at noon q
the llth they were qnoted at the sam
price s.-s.-- ....-.r ...s
There is but little doing in uncurren
money. Bank of Tennessee is hard t,
quote, there being very little offering foI
sale. and no demand Some dealers wer,
offering 4sc and Others were buying care
lessly at soc. All were willing to sell al
80. Planters Bank is rather dull at SOC
buying and 824c selling. Union Bank
notes are firm at 77@7sc buying.
Southern bank notes are very dnll and
rates have not improved.
Tennessee bonds sold in New York on
the sth inst as follows $4,000 new at 70ie
and $4,000 ex. coupons at 693e.
The acting Comptroller Of the Currency,
during the week endingthe Sth inst, issued
National Bank currency 70 the amount Of
$S56672. Making the total sum issued up
to that date 1929, $685. From which
sum should be deducted $2,O73, 332, being
the amount Of National Bank currency
cancelled, which leaves the total circulation
of the National Banks at the present dates
S2s7,sl2.999. A Washington dispatch say,
there is no doubt but a combination is
forming there tourge an increase Of the Ma
tional Bank note circulation, and an in
crease ofthe tarifF-as high an increase as
SlO0,OOO,OOO of currency. ,. :. ...1s
The specie movement in New York |
during the eleven months of the present
year is reported as follows s,a
Imports So, 225 936
FROM $780,, 200
Total receipts.......... sl65s3I45
Exports SO 22 $50
Loss since Jan. /, 1885, .k....Nsl2 723, 285
From January up to June there was a
loss in this movement of nearly thirty mil
lions. This was reduced on the 1st Of 10
yember to 81, 4S9,497. The exports on
the Sth inst. amounted to 1914
300. -.. -....-..-,......-.--
= 3 /
We have looked to Wall street for the
money and stock-jobbing Interpretation of
McCulloch's financial views, and
We find that the money changers Of THAI
,reat thoroughfare, for once, are little
urprised and perplexed. The gold market
nd stock exchange manifest much hesi-
ancy. Stocks recovered little, and then
ell back. Gold declined, and then rallied.
'hns, in commerce also, the effect of the
ecretary's report was to 1nsettle prices,
nd for the moment at least, to produce in
hem some decline The effect of the re-
ort upon consumers has been to produce a
cry general dissemination to buy anything
kept for immediate and daily wants, for it
ave token of further fall in The cost of
wing at no distant day. The National m
Hgencer says it does not seem to impress q
embers Of Congress with sense of their
lty to reduce their wages in accordance /
it'll the times. If the frail fabric of paper +
atthey undertook, lastsession, to bolsterup I
rnished them an excuse for increasing '
cir pay, they ought now to reduce it.
ii 1hey don't intend that the fabric shall 3
Il, or that their pay shall be reduced. S
hey already, as is reported through cor
spondence from Washington, scout and s
pndiate course Of reasoning and Of
ancial policy that would be 50 entirely
with their personal and party
terests. Many people are inqpiring what P
y shall do with their surplus money. n
ie time for speculation in petroleum Ut
ming, stocks, gold, whisky, hour, etc, 70
) gone by. Anything that will give an r
crest ofsevep per cent. would be readily CT
released. If confidence was felt in the
toratiOn of the Union the Government su
'ds would be bought up at an advance.
e FIVE per cents would not lfnger at par. 10
he people could be made to believe that 81
can or shall have sound currency
hteen months hence, they would antici- n
e, or, as they say in, Wall street, dis
mt the fact. They probably know, how 10
r, that Congress is to control this mat
and that body will have their hands 80
9f political subjects for the next two 10
rs that they will give little attention to sgt
incial reforms. ga