Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-08-20

In London on the 18th inst, at II A.
NJ, cOnsols were quoted at GAG, and United
States 5-2Os at 73!, and 1870 P. NJ. consols
were quoted 945 and Emitted States 5-2Os
at 74i, showing that while consols were
steady, our bonds advanced I per cent.
The new issue of 5-2Os were bought here
at 1881 and sold at 109. Small bonds were
1c higher.
Tennessee bonds sold in New York on
the 10Th inst. as follows: $1,000 ex. cou-
pons at 6s4c and $4,000 new at 66c.
Georgia Is sold at 744c and Is at sac.
The New York Post of the afternoon of
the 18th inst. says; 'The frmness of
American securities at the London Stock
Exchange is the topic of general remark
here. A few days ago fve-twenties were
selling at 7I5@72, and the price quoted
this morning by cable is "A, the advance Of
2 per cent. being sustained, although the
shipments from this side during the past
two weeks have been heavy, and are esti-
The New York Tribune says in Its money
article of the 18th "Money continues easy,
and it is with difficulty that banks find use
for their balances at 3(94 per cent, stock
houses borrowing on mixed collaterals at
5(G6 per cent In commercial paper no
change. There is a steady demand for cur
rency from the interior, and at the same
time a large amount for compound notes
coming from the country for redemption.
The 7-30s are also coming here for CONVEX
sion in considerable amounts. The deposits
of the city banks, from several causes are
expected at the next statement to show an
increase of magnitude and great strength
in legal tenders in the next two statements.
From September onward affairs will natu-
rally change, and during the remainder of
the year the banks will be able to maintain
the legal reserves upon a much smaller
movement than the present"
Mr.. W. r. Wright, of New York, saws
in his cotton circular of the 18th inst:
During the past week We have continued
to receive advices from the South, speaking
favorably of the growing cotton, and of its
improved condition since the rain ceased
and the fine weather set in. Little damage
was done by the rains, and the subsequent
hot and dry weather has dissipated the
fears of damage by worms thus far, at least.
Planters are in better spirits, and hope to
make good crops. 1t is all in the future,
and a weather question. From Louisiana |
alone do we receive gloomy accounts. She |
must fall short materially, and may not |
give as much as last year. From all other |
States the accounts are good; from some |
very good. Receipts for the week under |
review have been six thousand bales, and |
are not likely to be increased for some |
weeks. The cotton in the interior is pretty /
well cleaned out, and We shall begin the |
new season with a smaller amount in the /
hands of planters and a smaller stock at |
the ports than have been the case for many
years. Exports for the week are light and /
must, from the exhaustion of supply in all /
the ports of the United States, continue on
a very limited scale for some weeks. The /
early receipts of the new crop will be sought |
after by our domestic consumers at higher
prices, for time, than exporters will be
able to pay. The prospect is, therefore,
that during the remainder of 1867, our
export of cotton to Europe may be less than
in the past few years. So far our total ex-
port for 1866 81 does not vary much from
last year; rather less to Great Britain and
France, but considerable increase to other
foreign ports. The feature, as reported by
mail, are the operations of our domestic
in nearly all the Southern mar
kets. Spinners got somewhat alarmed at
the very steady reduction of the stock in
the country, and seemed determined to Sc
cure a supply sufficient for their wants
until the new crop is received, hence the
active business during the past few weeks,
and the advance in price,"