Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-02-10
London adyioes Of the 9th inst. quot

London adyices Of the 9th inst. quote
5-2Os at II 1916.
Sterling Exchange was quoted in New
York yesterday at lOSt@lo9s.
Exchange on New York was taken by the
Banks here at 4 discount and sold at par.
There was no change inuncurrent money.
Bank of Tennessee was dull at 45c buying
and 4sc selling, with but little demand.
Union and Planters Bank notes we're
in steady demand The former was bought
at 85e and the latter at Sac Broker sold at
le over the buying rate.
Southern Bank notes were very dnn and
the rates are unchanged.
Nashville Corporation checks were
bought at loo discount.
Tennessee bonds sold in New York on
the 9th inst as follows; $4,000 new at 64ac,
$4,000 er. coupons at 663c, and $4,000 new
at 654c.
The following is astatement of the specie
movement at New York for January:
Received from California:
In January. .......-..-..s =, 1872 l0
Imported from foreign ports
In January ..................-........... l26.7l9
Total supply since jan l. 609029
Exported to foreign ports;
In Jannary.,.......-...... 2S5l, 35l
Gain during the month ..............~. $S7.67s
This shows a slight gain at this port
during the month, but the receipts and ex-
ports have been about even.
The Massachusetts Legislature has been
considering the question of changing the
rate Of interests from six per cent, as
hitherto fixed by law The country mem
bers opposed an advance at first, regarding
il as Estate street measure" but facts were
adduced showing that it was almost inn
possible to obtain loans at lower rates than
those paid by the government, and that the
Savings Banks would not negotiate
mortgages, as their managers could use
their money to better advantage. The bill
finally passed to engrossment in the House
by vote of 135 to 95. 1t provides that
the rate shall continue to be six per cent.
in the absence of special agreement, and
in the latter case it shall not be over seven
per cent. 1t further provides that when
the contract is in writing no greater in
terest than six per cent. shall be allowed
unless the same be expressed therein. A
bill passed the Senate on the sth inst. re-
pealing the usury laws. Several amend
ments to fix definite rate Of interest were
rejected. The bill win probably also pass
the House.
The rates of fire insurance in Chicago
have been again advanced. The Tribune of
that city says "a few months ago the
rates we're increased fully fifty per cent,
and on the lst instant the different COM
panies raised their rates to seventy-five per
cent. over that increased tariff. The reason
assigned is that ii is impossible to do a safe
business at the rates heretofore ruling.
The past year been peculiarly disastrous
one to fire insurance companies, and as
Stunning that experience as a basis for cal
culation of the future, the companies act.
1t is probable, however, that last year was
one whose record will not soon be paral-
leled."
The New York Independent of the 6ih
inst says of the dry goods:
"Trade is opening. The competition is great
among sellers. to the advantage of all cash
buyers A. 7. Stewart sells at discount of one
per cent for cash in thirty days. and Of two per
sixty days cash. The action of Mr.. Stewart is
very polite and will prevent excessive pur-
chases on time, the advantages for each pay
ments being so great as to seSure all the good
trade, leaving the refuse to others. Credit is
safe at present. Brown shirtings and sheetings
small, while stocks have increased, Bleached
shirtings and sheetings are only active for the
the better qualities Medium and low qualities
are heavy in price. Drills are in limited request
only. Stripes are weakly. Prints are not yet
active and prices are lower. Quotations are
nominal. There is varied and ample assort-
ment awaiting q revival of trade, at prices favor
Delaines are more active and prices steady.
Spring styles of shswls are in request. Italian
cloths also are more brisk. Brcadcloths attract
buying from the clothing trade only There is
more doing in casimeres, but prices are weak
and undesirable styles lower. Satinets are dull.
Flannels sell in small parcels. Blankets sell
moderately, but at irregular prices. In i'm
ported goods there is more inquiry than demand.
ClOthiers are buying drills and plain linens,
lawns and desirable styles of dress goods There
are few auction sales of seasOnable goods
which realize fair prices. There is no buOyancy.