Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-07-27

sos of 1864, ID series..-.---.-.....-..... fO93s
sos of 1865, Sd series l09ls
5-AS, new ISsue...-..-..-- lOSt-
l04s lOZ
1893, LIST lults
7-S0s. % and Sd series.....-..-......-.-, 1875
Exchange on New York was furnished
by the banks yesterday at Ito premium.
Nashville corporation checks were bought
at l5c and sold at 13c discount.
Tennessee bonds sold in New York on
the 23d inst as follows: $1,000 ex. cou-
pons at 6S4c $4,000 new at 664c, $4,000
new at 664c, $4,000 new at 66sc, $4,000
new, ID call, at 67Be, and $1,000 at &c.
Virginia new sold at sole, North Carolina
ex. coupons AT 57@5Sc and new at 5Se,
Georgia Is at 831@ 833c, and Missouri 6s
at lO34@1O34c.
Cur mail advices from New York to the
evening of the 23d inst report the trans
actions in government securities that day,
public and private, as very large State
stocks and railway bonds were in demand.
The Tribune says "The general share
market is feyerish, and in most cases higher.
Within few days several large blocks of
stocks have been sold on account of pools
which paid large profit. The market has
taken them readily, and advanced in the
face Of these heavy sales by original opera
tors for a rise, which in ordinary times
would have produced sharp reaction
The eageraess of banks to make call loans,
and the readiness with which operators
upon small margins use these dangerous
facilities to overcome any tendency 10 re.
action, and operators for an advance are
still as confident of higher rates as when
the market first commenced to rise. Money
is abundant on call at low rates, and bor-
rowers of fair credit are readily supplied.
In commercial paper no change. The pays
ment of the compound notes is expected to
give temporarily a still more abundant
supply of money. The city banks are so
strong in legal tenders that they can with
reasonable safety make an expansion on
call loans until capital is needed to move
the crops, and they seem disposed to take
this course"
The extreme ease Of the money market
at the present time is attested by the uni-
form tenor Of the reports from other money
centres than New York In London the
latest advices report the bank rate at p
per cent. with lower rates in the open
market. A London dispatch of the oath
inst. says; "Money is so abundant in the
London market that million and half Of
sterling has been offered on the security of
consols at : per cent. and refused. The
French expectations for the first five months
of this year were 2,0OO,OOO,OO francs less
than last year. The importations on the
contrary are 133,0O0,000 francs greater"
On the Continent, the lowering in the rates
is shown by the contrast between the pre-
sent and last year at this time. Last year,
in Paris, the bank rate was against p
now; in Berlin against 4 now in Am
sterdam 81 against p now. There is less
money wanted because Of the decline in
commodities, and there is an entire absence
of any speculative demand for money. The
banks of England and France hold now
nearly three hundred millions of bullion.
But there is very little disposition to EN-
ploy the largely accumulated stores in any
channel of industry in this country.
The apathy, to whatever attributable,
whether to a want Of confidence in future
which, Notwithstanding the present lull,
gives signs Of great political and social
changes, is something ominous, and is re-
marked upon as such by the best of OBJ
servers.
The statement of the New York city
banks for the week ending Saturday last,
July 20, compare as follows with the pre-
vious week, and with the-corresponding
week lastyear; to which we add the specie
and currency balances in the New York Of
fee Of the United States Treasury at these
dates, respectively:
July p, Go July %. o. July -. 81.
| Nat capI..S72, 807 200 573,457.7OO S73,457, 700
| Local 60. 9.262500 9,l62500 9062.5O0
Total capital $s2O7O.2OO ss2s2O.2OO ss252O. 30
Looms 255 9j5,05S 2495SO,255 247 $500
| Gold il gold
| notes.. 10, S60147 1l,lg770O 127l5,400
| other l.. IDS S0524y92 7344l ,30l 7249j, 7O8
Deposits ......2l3 O49079 1898, 1852 1882 063
| Circulation. 27,57902O 33,5749iS 1865, Soy
In 5. TTesy 9l.572525 l30.3ll.62l l3O5sl SOB
The following are the changes from the
| previous week statement:
Increase in loans. 6 81 DO
Decrease in 5l7 ,704
Increase in other legal teuders-.......... 9iG.595
Increase in deposits. 5} $50
Decrease III 6,ll
The following will show the stocks Of
Rio coffee held at the receiving ports at
the latest dates
BalIlmOr e...-..... s'-.'..'-. ZS.UOO
fhlladel pima .-...-... 5tUUO
New 1Ork.---....-- -..-..--....-...-.- bl.lJo