Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-09-21

Increase in circulation ........-. 307 056
The New York Journal Of Commerce Of
the afternoon of the 18th inst says: The
market generally shows increased ANNA
ton, with a fair business in most CONNER
cial departments Prices ofbreadstufs and
provisions are on the whole we'll main
tanned cotton is less firmly held, and the
tendency is to lower rates; the drygoods
trade is prosperous, and valves Of most de
scriptions of seasonable fabrics are firmly
sustained Capital is in good demand for
Temporary use, and rates of interest have
advanced Call loans are mostly made on
acceptable stock colIaterals at 7 per cent,
and upon government securities at 6 per
cent, with exceptional transactions in large
sums at per cent"
The New York Post of the afternoon of
the 18th inst says:
The loan market is fairly active and
the rates are 5@6, with exceptions at 7 in
special cases. Some surprise has been ex-
pressed at the recent change in rates. II is
ascribed to several causes, prominent among
which is the action of the Sub-Treasury.
The balance of idle greenbacks locked up
there is welL-kaown to have been gradually
diminishing for some time past, and Mr..
McCulloch was announced to have promised
that the balance should not be allowed to
increase, but should be depleted still
further This policy, however, az is claimed,
he has suddenly reversed and four or five
millions of greenbacks have been taken in
and locked up during the last week. By
sales OF gold and by other means these
greenbacks have been drained out of the
banks, and are now lying idle in the Treas
ury. Flow true these surmises may be the
public cannot positively tell, as the daily
published statements of the Treasury bust
ness are, 80 made out as not to show what
part Of the reported balance is in coin and
what part in currency. 1t is certain, how
ever, that the balance has increased to one
hundred and twenty millions from one
hundred and sixteen millions a few days
ago, and this increase lends 2 color of
plausibiity to the stories which have been
50 industrionsly reported. The demand
for discount is rather increasing choice
names pass at 6(99, the preference being
given to short dates
The New York Indspsadent of the 18th
inst says of drygoods;
The demand for domestics has been
maintained during the week by a very
good business among the jobbing houses,
without any marked change Of prices. Ia
certain descriptions of heavy brown goods
there has been slight decline, while in
the finer qualities of bleached goods there |
has been small advance, with an in |
creased demand. The increased price Of +,
gold has had no influence upon the value |
Of the raw material, and consequently has !
not at all affected the prices OF manufac- |
tured goods.
The market is well supplied with all de- !
scriptious Of homemade fabrics, while the !
inportations Of foreign goods continue fully |
equal TO the wants Of purchasers. importers |
complain that, though trade is good, so far |
as large sales 60, yet they are making no
money. This is more particularly true Of
wo0len importers. In goods Of a more
seasonable character-in silks, fancy cas-
simeres, dress goods, and articles which
depend upon fashion for their value
there is less cause Of complaint.
The jobbers are generally doing we'll,
and if they can restrain their ambition 10
do large trade within the prueent Limits
Of their means, all will go we'll with them.
Their danger lies in the constant temPta-
ton to give too much credit. 1t was never
safer than now, probably, 70 trust the
country but it is never safe TOR a neT-
chant TO trust beyond the point where ne
can see his way perfectly clear 20 meet his
engagements, Some failures have taken
! place and some houses have had extensions
but not to an unusual extent, or TO indicate