Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-09-25

ment bonds in this market at present, most
persons seeming to prefer investing their
surplus funds in gold. The following are
the latest New York quotations:
9-zJs lst ia
Jus erles---.----..--.-.-.....-...-.,- l0914
0-EOs Sd llU1s
| -zOs new issue, ................ l07Z
qq9
f-SUs, ID and Sd series ................. 1861
London advices Of the oath inst. quote
5-2Os at 735, which is decline of l.
Tennessee bonds are bought here at 63c.
Tennessee past due coupons at 72c. Da-
wilson county bonds issued to the Louis.
vile railroad are worth 83c; those issued
to the other roads are worth 73c. Nash
vile city bonds are worth about 60c. Nash
vile corporation checks are bought at 75c.
Nashville and Chattanooga railroad bonds
are worth 65c; the stock is worth Csc. Lou
isville and Nashville railroad stock is worth
about 83c. The stock of our other rail-
roads is unsaleable. Montgomery county
bonds are nomiDaIly worth SOC in the doll
lar.
There is bat little demand for uncurrent
money. Bank of Tennessee is bought at
28c in the dollar West Tennessee at 40c;
Bank of Chattanooga at 1Oc; Bank of
Oeoee at 12c. Union and Planters Bank
notes are taken at par.
Tennessee bonds sold in New York on
the 10th inst. as follows $1,000 e9. coupons
at 654c $4,000 ex. coupons at 66c; and on
the 2lst inst, $4,000 new at 64Ec, 81, 900
new at 647c, $4,000 new at 644c, $4,000
new at 644c, $4,000 new, second call, at
CAT and $1,000 ex. coupons at 66c. North
Carolina ex. coupons sold at Sc and Geor-
gia Is at 83c.
The New York Post of the afternoon of
the 21st inst. says ''The loan market is
fairly active at Coz, but there is less pres
sure. Early this morning there was good |
deal of effort among certain parties to Sc
cure large amounts at full rates, but to-
wards noon money was Offering more freely. |
The disbursements from the treasury of the
greenbacks which have been recently
locked up there are generally inquired
after. The chief disbursement at present
are for the purchase of seven-thirties, of
which some two millions were paid for yes
terday and about the same amount today.
A check has to a slight extent, been thus
given to the attempts of the spectators
who are relying on the treasury to help
them to make money artifcially tight. But
1t Is pointed out that the treasury balance
lately increased in nine days twelve mil
lions of dollars and in view of the de-
mand for Currency for the West, various
reports are current as to whether the treas
1ry will resume the expedient of locking
up greenbacks next week. Commercial
paper is unchanged at 7@84 for choice
names"
The New York Journal Of Commerce of
he afternoon of the Dist inst. says:
There is general feeling of uneasiness
On the street, chiefly growing out of the in :
of the Treasury Department with | :
he operations of dealers and spectators in
he market. Having some reason to sup
pose that the recent advance in gold was
he result of a combination among certain I
operators, the Secretary of the Treasury /
a movement TO thWart il If | ,
possible. Very considerable sales of gold
rom the treasury were made with view
o effect this result, and five-twenties were S
Iold at the same time to counterfeit the in r
1uence of the advance in that direction.
This with the demand for money to remit /
o the West, has produced quite pressure
lere and alarmed those who had no con- | 3
lection with the gold movement, but whose
interests were not imperiled by this inter
erence OF the government in the street
finances. The treasury officials turned a
leaf ear at first TO all representations on :
his subject, ayowing their determination
o break the ring even if the effect was
hereby to break every stock broker and
peculator in the city. But it has since so
ar relented that few seven-thirties have 4
zen purchased, thus relieving the money
market to this extent. S
The United States Economist New York; +
f the 21st inst. says;
Some surprise has been felt at the recent
spid advance in the rate of interest to T a
er cent, and attempts have been made to
ccount for the change by a superstition | !.
nat certain large operators in stocks are in | /.
eague with number of bank officers 10 | n
reduce an artificial stringency for specu- \,
ltiye purposes. We think a candid sur. n
ey Of monetery affairs will show that Il
here is nothing in the recent course of the
honey market that need excite surprise.
! is true that during the summer months n
e had in this city an extraordinary album b
ance of money, partially the usual sum az
Ter accumulation of funds from the inte- .;
or, and partially the result Of large Eu-
,pean balances being allowed to remain "
ere for employment at higher rates of in :.
rest than could be earned at home. But "
must be remembered that these balances pl
ere held at a time when money was but =
tile wanted, and that the ease of races
lring the interval between the spring and ~
II seasons afforded no presumptioa what ar
-er that money would be cheap later Ia le
e year.
1t is argued that, at this period of last
ar, money was worth only 4 to 5 per cent, la
ID that consequently present rates are pot III
stifed by precedent. But it must be re- an
embered that at this period Of 1866 the "a,
lde Of the country was unusually stag A''
mt and the disbursements Of the treasury
the redemption Of the Temporary Loan 70
re enormous. A comparison of the con-
lion Of the banks at the two periods will
ow that last year affords no criterion By di;
Itch to judge of the present
Sept. IL. '67. Sep. Is. y5.
10000 SZ7OsOOG0O
ecie- ...-.-.-.-.........- 3.l50O0g 10000 | Nj
culation .-.-......-....-.- S4O0OOO0 20 8R}Gg | -,
I deposits--.-........-.- 1913 10000 224sOOUO0 Sl
gal tenders --.-.......-. IS. 10000 $4,000 N;
crease in SIC 10000
,reass in specie s50000
'Tea5e IN 10000
crease IN deposits --.--.------.---..-- 10000
crease IN legal tenders--..-.-... OOJ
The banks have thus S3l. 500 900 les ~