Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-02-26


100 ga 100
Tennessee bOnds.......................... - &c
London adyices of the 25th inst quot,
United States 2O's at 1890.
Exchange on New York was bought a
par by the bankers here and sold at pre-
MUM.
Very little was done in uncurrent money
Bank Of Tennessee was quiet at SOC buy.
ing and Soc selling. Planters Bank was
bought at Soc and sold at Sole. Union
Bank notes were in demand at soc.
Southern Bank notes generally were dull
at the advertised rates
Nashville Cooperation checks were dull
at l0c discount
The Cincinnati money market begins to
exhibit some Of the ease which has char
acterized that of New York for some time
past. The Cincinnati Commercial saws in
its money article of Saturday evening
There was a fair degree of activity in the
demand for loans, and at some of the banks
the applications were above the current
average, particularly so from outside par
ties. There seems though, to be bat little
difficulty in placing acceptable paper at not
to exceed twelve per cent, and some Of the
banks are not getting as much as they can
accommodate"
Tennessee bonds sold in New York on
the Dist inst. as follows $4,000 ex-cou-
pons at G64c and $4,000 new at 653c.
North Carolina bonds sold at 22Ic.
Our mail adyices report the New York
money market as still easy but the supply
of idle capital which has for a considerable
time been floating here is somewhat dimin-
ished by the investments into 5-2O5, which
are now absorbed to the extent of over a
million a day. The holders Of the 7-3Os
are also becoming alive to the fact that the
gold bearing bonds are much more lucra-
tive to hold, and they are therefore selling
their notes and buying bonds instead. The
effect of these changes is to relieve the
stagnation Of the money market, and to ac-
CELEBRATE to some extent its sluggish move
ments. The New York Post of the after |
noon of the Dist inst. says: "The old 5-2Os |
of 1862 have risen to such a point under
the foreign demand that holders of these
bonds can save four per cent. by selling ont
and buying the new bonds from the gov
eminent at to-day's prices"
Mr. Sherman in his recent speech in the
senate gives a statement of the outstanding !
of compound interest notes,
from which it appears there will fall due
from the 10th Of June to the 18th of De-
2ember, of the present year, the sum of
o99, 665, 900, on which the accrued interest
will amount to Sl9,340l 22. The amount
which will mature next year from tho / 9TH
If May to the 10th of October. is S44, 299,-
40, on which the interest will amount to
IS, 420,799 We have thus maturing during
he present and succeeding year SAB. 9G4,-
40, on which the interest will amount to
~ 7Gl, 92l.
GAINESVILLE was before the war a very
tobacco market, and it Is likely
o become SO again. The GAINESVILLE
Chronicle, Of the 22d inst, SAYS:
Our sales, owing to the continued rains and the
ad condition OF the roads. only sum up some
II bids at the five warehouses.
Prices were well sustained aud continue 10
augS from l' to 2c higher than louiaVilIa and |
i. Louis prices, for the same grades Of tobacco.
We quote from the sales; Lugs- at 31zc to Sc;
OmmOn Leaf, &c To Sc; fair leaf. &c to lie; fair
eaf. he to l6ci choice selections (heavy and
right TIC to Zoe. Fine leaf seems to be 5eling |
gher than its true value compared with ether |
Tades-higher than justified by prices current |
or same grade in outward markets. The finer
rades of heavy tobacco, of the regular ClaTkS- |
lille type will probably sustain themselves WELL |
; they are scarce in the present crop, and will |
lWays bring higher prices here, than in any |
Their interior market No stricf1U choice selec-
lens are offering; such will no doubt bring prices
bOve our present quotations, wheT they appear |
Our Tobacco market was fully re-Organized last
elsOn with q large board Of home buyers, and
II enterpTisng set of waTehOusemen-the result
I their cXertions, though not fairly started at |
he beginning of the season, was the receipt of
bout 5000 hhds, equal to One-third of the largest
ecepts ever warehOused at this port. Our
Tices, though generally above those current at
IOusyille. did not reach the point they might |
ave done, and our buyers been able to control
he whole crop.
We note with satisfaction that our planters |
ais season seem to fully appreciate the import
nee of concentrating here the entire growth of |
his Se9tlOn, well knowing that n our buyers can
JntrOl, to some extent, the prices in the sea Z
GARD markets, they can pay higher prices to the
roducers at home.
Our receipts have already been sufficiently | ,
I'll to enable our market to take the lead, as is
rOved by the sale of q crop last week, which | !
al been divided between this market and Lou !
vile: the result being that the planter netted
, Ihz mo nm m hn 1nII hnrn
ian upon the shipment sold in Louisville the
uaIty being the same and of course with iess !
ss an 'cstghf. This season, with additional !
aTehOuSe room, we may reasonably expect to
,ceive and ship the entire crop grown in this !
.ctiOn. We have full board Of native buyers /
no have always been liberal bidders and in ad
tiOn, foreign buyers seeing that the crop will, ,
lis year. be sold here have already entered our
arket and are prepared TO take all useful to-
lccOs al only fraction less than their true
llues at the seabOard. Half Of Europe is already
.preSented at our auction sales, aud other large
-deTs are reported on the way.
W e are glad 10 see that parties from distance
.cOgniZe the position that our market holds
lis season. and eager to share in its advantages |
e shipping their crops here for sale-we see
eeky samples from shipments from Linton,
anton, Dycusburg, and other points down the
yer, met by tobaccOs drawn from up the river !
far as Burksvile The Huntsville and Burks- 8
lie tObaccos have always been regarded with
UGH favor by our buyers, and shipments from |
lose points will do unusually well this year !
lifting they do the Reggie orders. As the I
'estern District tobaccOs stand deservedly high |
ere. there il no reason to doubt but that the | J
ipments from Paducah, Paris and other points,
i'll realize as handsome returns as formerly. I
Notwithstanding the policy Of the Louisville
Id Nashville Railroad Directory. unjust As it
Ike to this market the planting community,
I'd its own stockholders, We are steadily recOy-
ing our former trade with Bowling Green. Rus
lvile and the Green river cOuntry-fOr pro |
Icers will seek the best market for their crops !
spite of oppressive discriminating freight
Iarges. or other RRnOyances.
As the future Of gold is uncertain, prudent | /
ilicy might indicate, that an early preparation
the crop for market will be the safest ~ pre- L
Mt prices are very full considering the size Of | {
e crop in the entire United States A