Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-03-05

1
Government securities were quoted il
New York yesterday as follows Tl4.
5-2s. lly5f ll95
1 5-2Os. ID series. eOupons--------- l0l Sslqly5z
5-as, Sd series, eoaPons-.....---.----'
0-z9s new 4vOJ4s lNOtt
..-..--..--..----...-...-.-'- soZss4 So14
-yS--.-...- lU9zss5 luo
7-S0s 2d and 3D.. 1872
London advices of the 4lh inst. quote
United States 5-2Os at 7Ss. For the issue
of 1866, y was asked.
| Exchange on New York was sold by the
banks here at ! premium and bought at
par.
Uncurrent money was unchanged, and
we heard of but little doing. Bank of Ten
nessee was quiet at 25c buying, and 80 sell
ing. Union and Planters Bank notes were
in good demand. The former was bought
at 90c, and the latter 85e.
Nashville corporation checks were very
dull at l0c discount.
Tennessee bonds sold in New York on the
18th ult. as follows: $1,000 new at 65lc,
So, 900 new at 65gc, $4,000 ex-coupons at
66B, and $4,000 new at 654c North
Carolina bonds, ex-coupons and new, sold
at SOLO soc.
Tennessee bonds sold in New York on
the list inst IS follows: $1,000 ex-coupons
at 664c, $4,000 new at 654c, and $4,000 ex-
coupons at Cote.
The New York Times of the 9th nit.
saws:
There is a good demand to day for the 5 20s
of 1862 and 1865, May and November. for foreign
transportation, and the probability is there will
be no want of short-sight bills on London OF the
Continent The Cable kilograms show that our
public funds do net decline in London in pro-
portion To the rise in gold here. The other
gold bearing and currency funds of the United
States were steady to-day, and another large
business was done by the prominent dealers on
Wall street. The Treasury Office RENTS 81 OGl.-
900 of 7-30 . cents to the department at Wash
ingtOn out of its recent purchases and CONVEX
siOns in New York. The general balances in
the New York office are reduced sixteen mil
lions since Monday morning. The custom du-
ties to-day were over S555OOO in gold.
The New York Post of the afternoon of
the 18th alt says the interest which has
been awakened by the discussion of the
financial measures brought before Congress
is on the wave. The arguments for and
against the numerous schemes which have
been mooted are less anxiously canvassed,
and indications are not wanting of the re-
turn of more healthy and less feyerish
tone Of mercantile and industrial activity.
Hence the general anticipation in financial
circles is that in few days, when the
paralyzing suspense is over relative to the
closing proceedings of Congress, and the
political problems now uppermost in the
public mind have received for the time
some definite solution, return of business
activity may be looked for, with a general
upward movement in governments and
other sound dividend-paying securities.
The New York Journal Of Commerce of
the afternoon of tie LIST inst. says: "The
money market continues in liberal supply
of capital; borrowers find no difficulty in
obtaining temporary loans on good stock
collaterals at 6 per cent, and upon govern
ment securities at per cent. Strictly first
class business paper is taken at per cent.
per annum discount"
The Supreme Court Of Pennsylvania has
Just decided that the shares in the national
banks are subject to State taxation, in the
hands of shareholders.
Some Of the Eastern banks are in tribu-
lation. The First National Bank of Hud-
son, New York, has closed its doors to in
yestigate defalcation of the cashier. The
First National Bank of Newton, Mass, is
short $4,000, and its cashier has disap-
peared and finally, Boston is excited by a
report that the cashier of the State Bank
had certified half million of checks of
Mellen, Ward & Co., who suspended pay
ment on Friday.
The following is the bill for funding the
compound interest notes, as it passed both
houses of Congress, having passed the
House of Representatives by the consent of
the Speaker:
Be it enacted ETC.. That for the purpose Of re-
deemlnR ana fbUTl0B any compound interest
notes outstanding, the Secretary of the Treasury
is hereby authorized and directed to issue TEN
pOrary loan certificates in the manner prescribed
BY section 4 of the act entitled An act TO au-
thorize the issue of United States notes and for
the redemption or funding thereof and for fund
ing the floating debt of the United States" ap-
proved February q, 1862, bearing interest OF a
rate not exceeding three per eentum per annum,
principal and interest payable in lawful money
on demand, and said certificates of a temporary
loan may constitute and be held by any national
bank holding or owning the same, as part OF
the reserve provided for in sections 81 and - OF
this act, entitled An act to provide for the cir
culation and redemption thereof" approx ed
| June 3. 1864. Provided. that not less than two
| ffths of the entire reserve of such bank shall
consist oflaWful money Of the United States; and
| provided further, that the amount Of such tenn
poTary certificates, at any time outstanding,
| shall not exceed fifty millions Of dollars.
The bill has been approved by the Pres
ident and is therefore law.
The GAINESVILLE Chronicle of the lst inst.
| says of the tobacco market:
| Our sales for last week, add up l40 hOgsheads.
| Prices ranged at about last weeks quotations;
| Medium leaf still appears too high compared
| with other grades. As we remarked in our last,
/ fine fancy leaf will bring figures far above our
| quotations, when they appear at our breaks,
| Messrs. Hutchings Griuter sold, on Friday
| last prettily handled. bright hOgshead, raised
| By Mr. Joe Russ, Of Todd county. n.y.. at s24 so
We hear continued complaints Of the Louis
| Vile and n ashyille railroad from our planting
friends in Todd and Logan. We hear that they
refuse to allow cars TO be loaded with tobacco 1o
| Clarksville. sometimes for weeks but tObaccC
marked for Louisville goes forward within TWEEN
| ty-four hours. Planters near Allensville anC
| Hardensyille are about TO abandon the railroad
and resort to wagons to haul their produce here
Messrs Harrison Shelby, A. F. Smith Co.
| and HutphinQs 4 Grinter ODenad the maTke