Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-10-02

There is very little doing in our local
bonds and stocks, and our quotations for
many are nominal. Tennessee bonds are
worth 63c. The passed due coupons which
are fundable into new bonds, are worth re.
Davidson county bonds, issued to the Lou
isville railroad, are worth SIC; those issued
for other purposes are worth zoe. The
coupons of these bonds are worth 90c.
Montgomery county bonds are worth soc.
Louisville and Nashville railroad stock is
worth Soc. The Nashville and Chattanoo-
ga railroad stock is worth zoe The stocks
of the other roads leading out of Nash
vile are unsaleable.
There is nothing doing in uncurrent
money. Bank of Tennessee may be quoted
as worth 30c in the dollar
Tennessee bonds sold in New York on
the 9th ult as follows: $1,000 new at 64c,
$1,000 new at 63Bc and on the 28th, $1,000
new at 63c, $4,000 new at 623c, and $4,000
new at 625c North Carolina ex. coupons
sold at SIC. Virginia ex. coupons at SOC,
and Georgia "a at 822c. For Georgia Is
74c was bid.
The New York Journal Of Commerce of
the afternoon of the 18th ult says: "The
money market is working little easier to-
day. There is no essential diminution in
the demand, but parties having a surplus
are offering balances for use over Sunday
a little freely. The rate of interest appears
to be generally established at 7 per cent.
for call loans on acceptable collaterals;
although upon government securities there
are exceptional transactions in large sums
at 6 per cent. The range of discount for
the best commercial paper is 1909 per cent.
per annum, depending somewhat upon the
length of time to maturity" The New
York Post of the same date states that at
the Stock Exchange ! per cent. was freely
paid for three days option on stocks.
The New York Journal Of Commerce
makes this statement in its financial
column:
Our Washington correspondent writes us
privately that there is a very uneasy feel
ing in that city in relation TO the political
future, and that he can notice perce2tible
decline in real estate within the last three
weeks. His impression is that this comes
from the Vaccinations of those who favor
the impeachment of the President, and
who, it is said, design not only to present
the Executive for trial, but to suspend his
functions in the interim. Wehad supposed
that the signs of popular reaction would
impose a restraint upon the Presidents OPP
ponents; but it is now said that in case the
pending elections turn against them they
will be rendered still more determined and
desperate, on the well-known principle of
the leonine adversary who increases his
roar as his time becomes limited. The
bears in the stock market are making the
most of this view of the case, and many
here and at the national capital are evil
IDENTIFY alarmed at the prospect. We do not
share to the same extent in this anxiety.
Already we hear from merchants, bankers,
manufacturers, and solid men generally,
new language aud tone in the discussion of
political affairs and we are therefore more
hopeful of the future than they seem to be
who hear only the slang of party circles.
A Washington correspondent states that
"a plan has been submitted to the Secretary
of the Treasury, which, it is understood,
meets the approval of bankers and inanN
cial men, who have conferred on the SUBJ
ject in New York, by means of which it
will be practicable to accomplish the re-
sumption of specie payments in five years,
retire all the national bank currency-notes
within ninety days, and substitute green
backs as the sole currency of the country;
give commerce and the West ninety mill
lions of increased bank circulation in
greenbacks, and reduce the coin bearing in
terest 100000, 900, and all in a manner
satisfactory to the banking and financial
interest of all sections"