The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1866-01-13
FINANCIAL INTELLIGENCE.
DAILY UNION OFFIcE,
ihville. January 70 1891

49,
The receipts are moderate, but there are.
nevertheless indications that there is q con-
siderable quantity in the city.
The late fall in gold has had q very de-
eided influence in depressing business.
The following We take from our ex-
changes.
In answering the question as TO what there
is in he future TO destroy the rapidly re
turning confidence in commercial aud fuan-
cial affairs, r. G. Dunn a Co.'S circular says
most dttingly:
We 10 not presume 70 attempt an answer
TO 30 important a question. We do venture
20 say, however, that whatever else may
p~rtclpItaie 8 crisis, nothing will sooner
hasten d than two tendencies which are ap-
parent IL many nstances-we refer 20 ex-
tended aud reckless speculation, and to an
unwise aud lnJudicious granting Of credits.
IL our people could but learn wisdom from
The experience of previous decades. and
adopt she wholesome lessons therein 50
severely taught, then might We hope for
safety and avoid the shoals upon which 20
many have struck 10 their ruin. IL must
DO obvious that the present is & peculiarly
dangerous period for large speeulatiuns.
Values huctuate with a violence and rapid
Ity indicative of danger, and all honest aud
Judicious men, wall hesitate 10 venture
largely The excessive prices which pre-
var, mainly he result OF sreculauons, the
large gccumuiatons Of stock that are sure
a. follow, and above all the uncertainty that
exists, 81 counsel prudence and a polcy Of
slcusoly conserving what hiss already been
gained rather than rIskIng lt m ventures.
10 a country such as this, with an inter
nal M Sd vast and so varied, and
spread over SO large an area, credit is an
essential lt is fond 70 be a necessity in
an quuuers Of the globe 1t is peculiarly 50
an this. But while 10 may be made a good
and proper element in the extension and ior
tbc tscility OF trade, there is nothing 90 ca
pable OF abuse or so susceptible Of injurf.
4 greatly restricted commerce, anu an
enormously increased curreocy, enabled our
people t1T o. time 90 almost dispense with
the system b return, however, TO peace, q
treat AID marvellous growth ga the trade
of the country, aud the opening up Of new
fields of industry ana enterprise, make It
necessary 10 again grant credits. Seldom,
II ever. ives there "a better opportunity Tor
reforming old abuses than now and under
ua circumstance could there be greater
need of caution and prudence. An undue
expansion OF credits will certainly result ia
rrnbarrassmcut of o most disastrous nature,
cspceiallv iu view Of the inflated prices and
large stocks which are likely still for some
lime To- prevail. Both in amount and IA
time should the limit be small, and very
much more than the usual discrimination
should bc exercised as 20 parties obtaining
credit. Men OF character, OF capital, OF
capacity, only should be entrusted with con-
adence, aud eyerv means for obtaining IN
formation regarding them made available.
With a check 90 reckless speculation, tho
adoptou ct the safe and sure old rules of
prudence ia trade. end shove all a cautious
and closely discriminating policy as % cred
ais. the crisis may be long postponed, II not
.Verted aud Cd Il should come, from other
causes. ID can be met with results tar less
d,sa.trous than ii other idess prevail.
ou-ripformation from the southern States
as above indicated, is Of a very gratifying
character. From our own travellers IN each
of the States, as from hundreds II CORES
poudeuts, who nave renewed their connec
uon with the agency since the close OF the
- Ma have ndvicea which all concur IN
no conclusion that the progress toward q
fetIed and permanent prosperity has beeH
murb greater than could be anticipated
FNtensive preparations hre being made iol
ntruuur o large cotton crop. Many Of th'
"a established traders are still 10 business
or de.irous of being engaged therein, aud !
tbcv are hut treated with hbeTality aud en-
,oursred with confidence aud support, IL d
NnNHrNEN AMuh AMNN VIII wv ~ 80 ANAAA'
~ Indebtedness 20 the North incurred pre-.
y,.ua tn the war. But 90 enable them 10 d,
so-iudecd. to enable the country 20 recover
ne rude shock its has received
D..4s the Introduction Of capital and conh
dence from the North.
The Cincinnati Commercial Hsys:
The general markets present nothing
m. Flour b. only In request in n shipping
vaV Tor southern markets, and less is delnl
h, Il for that account than was d short TIM
oro. Quotations undergo no change.
what. ct choice quality, he less pleutl
in the general Ohcrings, and consequently
lttlc utner. Old Red Of beit samples
h,ld M s., with a moderate demand atsl p5
Tbis latter figure TAI By spphes 20 such q
uuaer the new classification rauks a. No,
N.v sf flo beet quality, would sell s
81 IL al sI 20. but is mostly held ~ 81 ID
mo Interior grades range from this down 3
III 81 old Wheat remains hs h~eresoioI
quoted.
corn b more p'euty, aud with a dimiu
ishcd dcmlnd 10 ga 81 loser, making th
syatgtiors s-.t5sc foI SHIELDED 52l or ca
Oats arc dull. sud hard 10 sell 81 bette
Than ssr. though aac b. nskrd.
Rive r uacuVe, as last quoted.
ea-ev be- Us ucaTly without a market 9
heretofore.
whsky had a 6rmer market, at 50 % f.
Irft -tN Ih ANNNF
Provisions hsd o. much more spirited maj
Act. Mess Pork 81 a ct $50, with r. furth,
demand - thst prls, and the best bran,
feuefai'y hcl 90 S3o. or withdrawn frol
Ihc market
Lard MAS "a blt moderate dcmsai III
IVES a.l,i iv those who were oltTinE .
Iul oihcus lskei lhc.
Eu.L Meats arc net reported % have bce
in murh request. but they are held highe
the auota lous uow being le'lc, i5h.c, co
al, far shoulder. Sides and cicar siles, q
fsUr cured. packed
Haran crsr Sides s'ld uf iai.c, thong
a.. al asked ior thew iu ng-t eases.
srtsn Mt1ts aro higher. Uaas being 90.
auatsI st E8f al4c. sidcs 81 l24WlAc, an
shoulders atlar
no. W,ir aisa sHblv,t ID che general in
rro,.sarut tsat per1alcd the market ioF al
-l.8urt Several salrs at heavy were ma,
slg. sud ihs ucnfc IS ugg nTniy cstsl
I-fet Cd thit SEE medium average, VT
m-rs rr.rti 90 the trade thSu has teen "a
r.-rei for several days, uo~twthsuauju
az f.-L thst the u,reiPs urue 8 trilo De
der thsu thss were yesterday.