Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-02-12


Government securities were quoted il
New York yesterday az follows:
5-2lS coupons l0S5sGl0S
1-al. "a series. coupons......-.-.-.. lU634 100,
a-as, I'd series. cOupOns........... ~ lOl7
a-dE, new issue .-......--..'.... llfo1st9 lt0t4
~ i0074
lt'7stG HOY
Exchangeon New York was bought by the
Banks here at discount and sold at par
We hear ofno change in uncnrrent money.
Bank of Tennessee was dull at 45c buying
and As selling. Union and Planters Bank
were in good demand. The former was
bought at 85c and the latter at Sac. Bro
kers sold at lG92c. advance on these rates.
Southern Bank notes were dull at the adj
vertised rates.
Nashville Corporation checks were
bought at Zoe and sold at Sc discount.
A meeting of the stockholders of the pro-
posed new national bank took place yester-
day afternoon at the Office Of the CONNER
cial Insurance Company. The following
gentlemen were elected directors: Sam'l.
Watkins, James Whitworth, Byrd Doug
las, A. Hamilton, Sam'l Prichett, Ro
Thompson, Jas. g. Ogden, Archie Cheat
ham, W. Evans, Il. Platter, J. H. Kendrick,
W. T. Berry and o. F. Noel A meeting
of the board of directors will take place at
10 o'clock, A. NJ, tomorrow for the pur-
pese of organizing and electing a President
and other officers of the bank.
Tennessee bonds sold in New York on the
9th inst. as follows: $1,000 excupons at 66c,
$4,000 new at 649c. $4,000 at 65sc, $4,000
at 65c, $4,000 ex-coupons at G6!c, and $4,000
new at 65!c: and on the 9th, $4,000 ex-cou
pons at GG!c, $4,000 new at 75I and $4,000
Co.,. North Carolina bonds sold at SIC,
and Georgia at 67!c.
The following sales Of Tennessee bonds
were reported in New York on the Sth in
slant: $4,000 ex enpons at &c, $4,000 new
at 66c, $4,000 at 66c, $1,000 old at SIC, and
$4,000 ex-coupousat G6lc. North Carolina
new bondssold at SIZE. "a
Money continues to work easier in New
York. Our mail advices of the evening of
the Sth inst report that the loan market is
very abundantly supplied and rates are
easier. Some old engagements are still
moving at Z, but new business is chiefly
done at on miscellaneous securities, and
at on governments. Heavy balance are
accumulating ofunemplOyed capital, which
is left with the first class hONses at a nomi-
nal rate of interest. Discounts are dull,
the best bills passing at Z.
One of the main features Of the February
statement of the national debt is that for
the first time in several months the green
back circulation has increased. The en-
largement is uncomfortable and amounts
only 10 about 81 100000, which is offset by
a decrease in the compounds amounting to
about 81 100000. The gold certificates
have increased three millions and half
and the coin balance in the treasury has
declined half million. The currency
balance has accumulated twelve millions
during the month, and now amounts to
S45,060,lS7. The total amountof the debt,
exclusive of cash in the treasury, shows an
increase of about nine millions of dollars.
The statement exhibits very slow progress
in funding. No more than ten millions of
fve-twenty bonds have been sold, and some
fifteen millions of seven-thirties and COM
pounds have been taken in and cancelled
The New York Times of the Eth inst'
saws:
THE strong probability at Washington Ia that
500, 100000 lawful money, treasury certificates.
will be authorized to take the place Of the com
pound legal offenders. corresponding amount OF
which fall due in all the present year. There
may be modification of the rate Of interest to
be allowed on such certificates. THE withdraw
al Of the 100000 per months control Of the Seq
retary Of the Treasury over the greenback clTcu-
iation, though passed upon By the House Of Rep
TesentatiTes, will scarcely be agreed to By the
Senate or favored By the Finance Committee OF
either branch of Congress. Every confidence IS
now felt that this discretion will be wisely exer-
eised BY MIR. McCullOch, and the chances are
that he will make NO further contraction, for
some time to come. under this authority. The
other measures, however having the c0unte-
nance of the Senate Committee the favor OF the
Secretary. and of the whole Western and part Of
the Northern influence in the House, viii fare,
we believe quite differently.
The new tax bill makes no change in the
whisky tax, except to provide stringent
measures for collecting it. Remonstran-
ees from all quarters were received by the
Committee of Ways and Means against re-
duction, and protesting against such in
Justice and loss as would he inflicted upon
holders interests all over the country if
the reduction had been made 1t is repre-
scented that over thirty millions Of gcllOns
of spirits are held in stock by dealers of
all kinds, on which the loss would amount
to as many millions of dollars. Moreover,
it was represented that this measure would
throw immense profits into the hands of
parties who will secure controlling powers
in the market for reduction. The very
parties who after securing control of the
bulk ofmarketable whisky 1865, inhenced
Congress to increase the tax from one dol
lar and half to two dollars per gallon,
and then pocketed the immense gains thus
derived.
Messrs. Lockhart & Dempster report the
Liverpool cotton market in their circular
of the 18th nit. as follows:
The market which closed dull last week. re-
manned very quiet for some days. and prices con.
tinued slowly to decline until the middle Of the
week, when an improved demand for yarns and
goods in Manchester produced slight revival
of business here, and portion of the previous
decline in prices was recovered. To-day the
market is somewhat quieter in tone owing to fat
ter accounts from Manchester but the recovery
in prices are maintained American cotton has
been in moderate demand and prices, after de-
clining about 4 der 10. in the early part of the
week can now be quoted I'd per ID. lower for
Faidling grades, and 14d per Id. lower for iRieri
or. Sea Islands have been considerably pressed
for sale, bat as there has been a fair demand,
prices although irregular, can scarcely be quoted
lower Egyptian has been freely offered, and
prices must be quoted Irregular at Il to ID per
To- decline. Brazil and other long staple5 de-
scriptions are about I'd per ID. lower. East Ia
dia and other short stapled descriptions have
been very dull and close AZ a decline OF "a per
ID upon last weeks quotations, There has been
q moderate amount of business to arrive" du-
ring the past week; the latest quotations being
G.r New orleans middiing at shin ngmeI NJ