The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1866-04-28

The banks had a more active business in
dIscOuuung tO-dsy, but their T. cihti3s IN
thIs line are not nearly fully used. Money
ls consequently e -, and 10 per cent. Is an
exceptional outside rate of interest.
Outside offerings of seven-thiries were
ia excess Of the demand, SO that She mar
ket closes rather fiat nj lze buying, l5sase
selling.
FIye-twe1ties sre rated at 5a5iSe pre-
MUM buying, 53<a6c premium Sc log.
Ten-iurties attained 10 gb5sc al ~ O'cicck
in New York, and rcceded subsequently TO
90 &C.. On this latter figure dealers here
pay % &c, and beld al the New y ork rate.
Ia regard 10 the recen al vance IA Govern
Ireut Securities, the financial Chronicle oil
Saturday M kes the following remarks:
" Ina presence OF this rapid improvement
10 the Government credit, Il is beginning 70
be a frequent subject Of discussion whether
q five per cent. Bind Of the United states
wall uOt eel & = par IN the market before the
time arrives when the Seven thIrIes VIII
mature and be fundable into SIX per cent
Fivs-tweuty Bonds. THIS opinion has be
come 30 widely dlfiasea and 30 hrIniy held
that. ia connection with otuer circumslsn-
ce-, 10 has eau ed D considerable advance,
both IN the Seven-thirty Noes and IA the
Ten-iorty Eve per cent. long b nds. i Is
even salu, We know not with what truth,
that the Secretary has yielded partial assent
10 the substantial accuracy OF these opin
ions, and viii guide lis negotiations N the
Immediate iutuie With a view 10 their pro-
liable rt alizatluu. That these anucipatiOns
are in aume r,sf ects oyer-sarguin We DO
not undertake 10 deny. But We may cer-
tnluIy COX forward 20 the consolidation OF
the numerous class Of cur Government Sc
curities at no very reiuoto period iuto long
bonds bearing not more than five PER cent
interest, aud worth par IA the market, OF
more. ,,.-,
vsn-e Il the euse sn she money mar &et
Tins Is due to muitituae Of influences
promineLt among which e she aecumula
tton OF currency here, and is Row 10 THIS an
other great financiai centres. The notes
tbe small. country National Banks are con
sentrstipg themselves into our great cities
and esuerially ia New York; aud the pie
49, hence re,ulting has caused the ugita
go, o,.ce more Of lhe plau f1r securing lh'
,.3.rnppon Of back notes in this city. W
49,. ,oen expressed our approval Of thi
scheme, which Nc regard as necessary
sccure The stability, permanehcei ana Sasl'
factory wurkinE o. our Natiohai D"n
- "a Il ret,arted that Congress wall j
a lev DAYS adopt some measures iVt ii
t.-.,,,, redeuptt0u. Another cause OF "a
- III nancy - cOnnected with the 81
,.r,,rh of summer, the dread Oh cho'ei'
- me- amoant Of unempioy,d capita
,rbicb Il living here aud seeking temporar
s,..f,,stt The most important cause {
IN l,,,.,vsr. b. Ihe revival Oi public couh
I.Br, siuco tbe passage OF tue Loan On
-.d ne practical uCclai alton OF mr.. MeSu
I.b.sbn.ncial policy. The general oeli'
-. a, be that Tor several mo-ths % com
l.,-.ttb.r ,ytll nor can do ans thing "hie
-t.ft u,raiy1e business, or produce any $
-. ,,,u,iary spnsm, but INA, oh the con
-, u. tar rs the Ercasu' loVemells Ga
- - 10 that end, lac will keep the None
-, easy. and allow the financial ma
$3.50 I'D he country 70 run as equally an
,,,,t,dl, ns possible. Ihu dcpresl
-, ,vcarying incerttude on thet
e, .-l,sh. for come time past have prel'
- t'.,.ine,s aud imPcdod commerce
nos. therefore, rucee.uoA p! o.
-. and q marked Hcuylty OF gel
rral busisess has been the se",'1 I'ae'
Nv long tnis ense in money "''' las'
question which every business i''nu
un.tously asking. Ana me re Y 'es 'l' mas .
hi, ne u.ost art giv,n, ey inen o. eA PEI
-. are usually iaFofablei 'n"i 81 sN'.'
-, that Government VIII hvt als'u
49, 80. for abe BE sons AooNo s'0.eai ~
80 AL no o.her quarter 81 ne hhahei
1900. 4. there a lccA OF e''"o 70 tnieae
&c., The position OF our NhAho'
-. bovcvsr, ls - anomalous 'h"' u
-,.iI, 20 forecast the future, ana ps
f-,,su means viii 90 well not go
...,.l T., ,,,.er AIDE. or 20 venture cn rs
.,,I tbeir assurcd capital. In
,.,ber avs the adagei me wise marin
t,.snares iof the storm