Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-04-20
The changes from the previous week


The New York Times says the decrease
in loans is believed to consist chiefly in
government 7-3O y cents, of which the
Treasury was large buyer last week, both
for cash and in exchange for 5-20s.
The financial troubles in England which
last year eliminated in "crisis,' do not
appear to be over yet. Private advices
give gloomy picture of the present state
of things there, and the general feeling is
that, putting improvement out Of the ques-
ton, no one can see when matters will
cease to grow worse. The gigantic railway
system Of debenture bonds, which is one of
the controlling interests in the market, is
sadly rotten. That immense concern, the
Great Western, with an annual revenue Of
two millions sterling, is unable to pay one
sixpence dividend on its debentures due at
the end of the year, or to get penny's
credit and other roads are in worse state,
not paying their working expenses. The
distrust seems to be widespread in con-
nection with everything jim the shape Of
stock companies, whether of railways.
mines or anything else; and shares by the
ship-load, some of them very good too,
may be had for as many shillings as they
once cost pounds. There is a superabund-
ance of money, the rates of interest are ex-
l;no L. lov- h,,f IiaoDF7,f 70 al
able except upon security enough to satisfy
the most extortionate usurer. This is
simply the result of an universal distrust
and lack of confidence arising from the be-
trayal of the public trust by leading fnan-
ciers. They are in deep water, and have
themselves to thank for it.
The New Orleans Price Current of the
18th inst. reports the receipts of cotton at
the various ports up to the latest mail dates
received at New Orleans, at 1,59l,73S
bales. The New Orleans Pieaytne says, in
its report of the 10th instant:
Under the favorable influence of reaction at
Liverpool, the market opened this morning with
an improved inquiry, and liberal prospect of
business. At a late hour. however, the move
ment became less general, most of the buyers
being necessitated to foregO the execution of
their orders in consequence of the impediments
experienced in the negotiation of sterling
change. Hence the business transacted has been
to n less extent than anticipated in the early
part of the day, amounting at the close to barely
2250 bales, taken by ten brokers at prices APP
proximating the subjoined scale Of quotations
Ordinary, dc good ordinary 241Z925c; low mid
ding. 26c.-. and middling. Z714G28c. the better
grades selling at figures disprOpOrtiOnately high,
as compared with the inferior qualities. 1t may
be also added, that eyen-running lists Of good
staples commanded figures in advance of the
above rates. The sales for the past three days
embraced $3.50 bales; taken partly for the North,
and partly for foreign export The receipts pro-
per since Friday evening, excluding the arrivals
from Mobile, Florida and Texas, which are in
cluded in their respective statements,) comprise
484T bales against SAG during the corresponding
period last week, showing a decrease of 1902
bales. The exports for the same period aggre-
gate 500 bales 2l96 of which were coastWise. and
3074 to foreign ports.