Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-04-27
MONETARY AND COMMERCIAL
oFF1cE OF THE UNION AND American,
FRIDAY. April y. 1866.

MoSETARY-Gold took a rather unexpected
advance in New York yesterday. which is said to
be owing to the decline of European bonds in
Europe. The following are the quotations: Open
cd at 1885 1g7I{ at liz 12s at noon, and at P. ~
was l2SlE
There is very little doing in uneurrent money.
and rates have. VIC think. declined somewhat
Bank Of Tennessee is not quite SO firm at Sc. and
there is very little outside demand.
The notes Of the Union BaAk also rather
weak. As high as 7sc has been paid during the
week, but en- yesterday no one was disposed to
give more than 75e.
Planters Bank is rather firm at &c.
Southern money generally is dull. with no indi-
cation of improvement.
Financial Matters in New York.
NEW YORK, April 2i.-Gold closed firm at 1853
Money is abundant. There has been slight adj
vance on Government securities, and lO-4Os have
advanced per cent since yesterday,
The Commercials money market report says {:
The abundance Of money encourages temporary
speculation in stocks. At this mornings Board
the list was stronger throughout. and prices gen.
orally ZG2 per cent above the closing hgures OF
yesterday. The prevailing tone Of the market IS
bullish. and the bears were almost invariably
caught in their short operations.
Governments continue remarkably firm; the
pricsof 5-2Os has advanced in the face of decline
of IL in London. The German bankers report
that the prices at Frankfort are unchanged. We
hear of no returns of BIOS by the America, al
though arrivals were expected. 1t appears to be
taken for granted Mr. McCulloch will attempt TO
put out a per cent long bond at Paris: The de-
gree of public confidence in the experiment may
be judged from the continued steady advance OF
national securities Upon that expectation lO-40s,
which would be most directly advantaged have
advanced TO $50, and are very firm at that price,
and in large demand. 5-ZJs are q better. l-SOs
are l0l5z,Gl02. Compound interest notes are quo
ted at par with interest. Foreign exchange shows
more activity. The abundant supply of bills how
ever, keeps good the rates. Prime bankers steT-
ling is quoted at 1917 for sixty days, and 1857
for sight Francs, long, 5.ZI54932o4; snort, 0.Z5I
G522k.
Money is literally drug on the market. Large
amounts are being invested in Government secu-
rites and to some extent investments made in the
soundest railroad stocks, but there is still large
amount of unemployed balances on the market
which are offered at per cent on government
cOaterals, without finding buyers. The borr0W-
ers rates on call loans range at 4g5 per cent. The
rates of discount favor sellers OF paper. Gold Is
steady at 1263sGl251s. There was less demand
for gold loans, the rate per day having fallen TO
lilo per cent
CoTToY-The market opened yesterday. as on
Wednesday, at 25c for good cotton, and over fifty
bales were sold at these figures. Later foreign
news per the steamer Africa with dates to the 18th
instant, reporting decline Of I'D in addition to
that reported by the Nora Scotia, reported yester
day morning, created pause in transactions, and
nothing further was done.
In New York the market was unsettled, and
upon the receipt Of the last advices declined to 80
@33 for middlings.
GRoCERIEs-Some activity was noticeable in the
grocery line yesterday in few articles, and un-
less the demand improve, greater downward
tendency may be looked for.
FLOUR-A slight upward tendency, owing TO an
advance reported at Cincinnati and Louisville. is
now manifest at this point, and we quote super
fine at SS@S so; extra surerine S9glO; family $40
50@ll 90; fancy brands 81 5O@l2 so.
SUGAR-This seems to be a shade frmer, and we
note Cubal49l5c; Porto Rico l5@l619c; Demer-
ara 17J4@l8c New Orleans l7@lS; standard hards
l9G2O1Ic.
CoFFEE-Seems on a stand, and we quote COM
mon to good 2614@27c; good to fair 27@2714c;
fair to prime 2S@2S1I choice pc.
BACoN-Rules a little firmer, with an increased
demand for the Southern trade. prices shade
advanced at at for l4c clear sides lSc: ribbed do.
lie; shoulders l5c plain hams 10000; hog round
lSc.
LARD.-An improved feeling in Lard, and tierce
now commands 2Oc; keg DC.
SALT.-Salt has declined and must still sink
lower. bushel barrels are held at 81 D. and
sales dull.
CAYDLEs-Contnue to grow weaker, with less
demand. Star lghss, l9Gl912 fulls 2Og2l; tai
low l6@l7
LIQUoRs-The better grades have been in ac-
tive demand. and we have no change of prices to
note Common refined at - SjG2 80 /; Robertson
81 75@5 co. Bourbon s. 0O@4 50.
GRAIN-Receipts pretty heavy-demand and
sales light-a decline anticipated by some heavy
operators. Mixed s71gc; white 92lE and oats 6Oc
in store