Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-09-01

London advices ofyesterday quote United
States 5~2Os at 73I.
Exchange on New York was sold by the
banks yesterday at 81 per thousand.
Nashville corporation checks may be
quoted at 25c discount
Tennessee bonds sold in New York on
the 28th ult. as follows: $14, 000ex. coupons
at csc, $1,000 ex. coupons at 662c, $23, 900
new at Csc, $4,000 ex. coupons at 6G4c, and
$4,000 new at Csc.
Our mail advices from New York to the
evening of the 2Sth ult, report no changes
in the money market from the prevailing
ease noted for some time past. The amount
of surplus capital offering is still somewhat
in excess of the current demand, and rates
of interest rule low, call loans being made
at 3, 4 and per cent. The Tribune says:
From the country there is a steady and
increasing drain, and engagements are made
for the future of large amounts"
The New York Post says the Treasury
statement has elected considerable atten-
ton, as it throws light on the extensive
sales of gold and Londs which have taken
place during the last two or three weeks"
and adds: "The gold balance in the
Treasury yesterday was $93 639, 900, against
$lO3OO0,0 900 on the LIST instant. As the
receipts from the customs since July LIST
have been $26, $4,000, the receipts in
August must have reached $l3,000,000
which added to the balance of $l03, 100000,
makes Sl16,OO0,0OO as the amount of gold
that would now be in hand if none had been
sold or disbursed. As the gold on hand
instead of being $4,000, 900 is under 1884,
100000, there is a difcit of 500, 900, 600
which must have been most of it sold, az
the interest paid out has not probably ex-
ceeded $2,000.000 1t is, however, difficult
TO believe that Mr.. McCnlloch has sold
twenty millions of gold, the general impress,
sion being that the sales have not exceeded
twelve or fifteen millions. The remaining
five millions are perhaps to be accounted
for by the gold certificates being allowed to
accumulate here, and by the peculiar
method in which the accounts are kept
between the New York Office and the De-
partment at Washington. If fifteen mil
lions of gold have been sold at an average
Of 140, the currency in the Treasury must
have been increased twenty-one millions.
The currency balance on the 1st August
was seventy two millions; since which the
receipts from internal revenue have been
about fourteen millions and from the sale
of gold az estimated above, twenty-one
giving a total Of one hundred and
seven millions as the amount which Wonld
now be in the treasury after deducting the
But those disbursements
have evidently been heavy, as the currency
balance is very little over fifty-one millions.
Hence ffty-six millions of currency must
on this showing have been paid out during
the first twenty six days of the month. OF
this aggregate Of money twenty two mil
lions, as is computed, have been paid out
for seven-thirties Snd for interest twenty
five millions for compound notes, and nine
millions for the government acquisitions
from the War Department and elsewhere"
The New York Tribune of the oath ult.,
says
The New York exports exclusive of
specie) to foreign ports for the week end
ing August 9th, and since the beginning
Of the year, compare as follows:
1865. 1866. 1867.
For the week. 81 3q5 TOO : . -09 713 & . Ql4 149 |