Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-01-06

London adYices OF the 9th Irst., quote
5-2Gs at 7S, which is decline of &c.
Exchange on New York was taken at &c
discount and sold by the banks az par.
Uncurrent money was very dull, and we
heard of no change in rates. Bank of Ten
nessee was quiet at asa SOC buying and 52c
selling. Planters Bank was bought at SIC
and was held at SSc, while Union Bank
was dull Al soc buying and SIC selling.
Southern bank notes are very fat, and
will not sell readily at the advertised
rates.
Nashville corporation checks were in some
demand at Toe discount
Tennessee bonds sold in New York on
the % inst as follow5: $4,000 ex. int.
at 67e and $4,000 new at Csc. The new
issue were quoted in New York yesterday
at 679c On the "a and Sd inst over $780,
coo was paid out by the Bank of the Re
public in New York on account of interest
on our bonds.
Secretary McCulloch, in conversation
with friend on the "a inst, expressed his
confident belief that the action of Congress
upon the question of the finances would be
of a conservative aud prudent character,
and that everything tending toward unne-
cessary expansion would be avoided So
far as the Western members are concerned,
however, it is certain that they will bring
the interests Of their section prominently
forward in opposition to any conservative
action that may look to further withdrawal
Of the greenback currency.
The New York Post Of the afternoon of
the ID inst says:
The money market is unchanged. The sup
ply is ample at ] per cent, with exceptional
transactions at lower rates. The payment Of
dividends this week it is supposed will, in the
present expanded condition Of the bank loans.
necessitate contraction in the extent of the ac
cOmmOdati0n they have afforded to their deal
ers. And the contraction is likely to be tempo
rarlly increased by the fact that the quarterly
statements Of the banks are made up TO next
Monday, and the effort will no doubt be made to
show as large as possible proportion OF greeEback
reserve to the Liabilities. In commercial paper.
little is doing and the best bills pass slowly At
to Sc.
The stock market opened buOyant this morn
ing, but the imprOy ement was not sustained, and
at the close there was a decided disposition to
sell. Governments are, however, firm, and there
is a good demand from small country investors,
the gold bearing bonds being chiefly in demand.
State bonds are dull, except MiSsouris on
which further advance Of per cent. has been
realized,
Railroad shares are leverish. The anticipa-
ton which has prevailed during the last fort |
night that an advance would take place. and an |
active renewal Of business Immediately on the |
opening Ofthe new year. has caused large num-
Der of weak holders to load themselves up with |
stocks and to the desire Of these persons to real
ize the unsettled and dropping condition Of the |
market is in part attributed this morning.
" At the close the following were the quota |
tions: New York Central, III; Erie, e.; Read |
ing, los; Michigan Southern, $50; Pittsburgh, |
$50; Northwestern, 451l Northwestern pre-
feTred S212; Toledo. l26.i
The following table shows the prices of |
the active railway shares at the end Of last |
year and at three subsequent dates, BY |
which it will be seen that their movement
has been very irregular: