Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-12-14
SECOND BOARD.


The New York Journal Of Commerce Of
the afternoon Of the 10th inst says: The
market shows little improvement in tone,
but not much increase in general activity.
In breadstuff5 there Ia fair amount of
business, and prices of most descriptions
have advanced. Provisions are less active,
but mostly held at steady rates. The dry
goods trade Is chiefly restricted to the dis
tribution of small lots Of seasonable styles
to replenish assortinents; prices of heavy
brown oottons are generally we'll main
tanned, but goods of light weight are held
with less frmness; most classes of fancy
dress goods are offered at reduced figures,
and woolens of nearly all grades remain
dull. The supply of money seeking tenn
porary employment has somewhat in
creased, and call loans are easily obtained
upon good securities at COZ per cent. The
range of discount for mercantile paper is
SOLO per cent. per annum for strictly first
class, and from that TO II per cent. for Sc
lections frona other good signatures
The New York Post of the afternoon of
the 10th inst. says
Considerable discussion has arisen about
two of the minor features of the debt
statement. The first il the reported de-
crease in the bonds of 1881, which seem
| from the schedule TO have been secretly
bought up by the Treasury to the extent
of about million dollars. The exact
figures are $945050. As such purchases
derange the markets, and when conducted
without publicity give undue advantages
| TO the government broker over his com
| petitors in business, they are always re-
| garded with distrust. A Washington dis
| patch says, however, that no such transac-
| lions have taken place, and that the figures
as given in the Official report are incor-
rect. If this be so an official statement 10
| that effect would have a quieting effect
| For the skies of 1881 are an old we'll es-
tablished loan, and any influences which
tend to unsettle that will of necessity shake
the rest of the public debt.
The second part refers TO the forties, Of
| which the private sales last month were
| Sc, 500, on which the broker il said to
have received one-eighth per cent. com
| mission. As these bonds have just been
| placed in the market in London, there
can be no objection to their being sold "a
| the demand absorbs them. But 10 the
private methods adopted for disposing Of
these bonds is attributed the trouble in the
money market which precipitated some Of
the recent heavy failures.
/ 1.ro fhraa f3ouQ houa uouJ aiafaaat
since any important mercantile failures
have occurred, and the state of public con-
| fdenoe seems TO be improving. The re-
port that Mr.. McCniioch will make soTne
changes in his policy has some effect in
promoting the recuperaiioH, which, to
whatever other canses It may be due, IL for
the time being very apparent.
The New York Independent Of the l0lh
met. says of the drygoods market:
Very little change has occurred during
the week in the drygoods market. Sales
are but moderate yet il is encouraging to
/ learn that the collection returns from
the South and West are very satisfactory.
The prospect for the next season ia good,
and, if it we're not for the enormous ex-
pepses attending the transaction Of e-en a
moderate business there might not be any
cause for apprehension of disaster. The
/ profits Of the present season must be email,
| Int most Of the established firms have had
five or ak years Of such prosperous trade
that they can we'll afford one season Of
small profits.
There has been very moderate demand
for brown goods, bat prices have not given
] wav. because the stock Of heavy Eheetings
in the hands Of agents is very small for the
season. In all other descriptions Of do
mestica,.sxcept prints, the demand is et-
ceedingly limited but good styles Of prints
are in fair demand, and our quotations
are fully maintained. It is hardly prob
able that cotton goods will be lower. The
raw material appears TO have tonched the
lowest point Of depression. Woolens O
all kinds are dull and but little is dong,
except in city trade, 10 foreign goods. the
importations are very Light, and must con,
tinue 50 until Congress shall have settled