Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-08-28

States 5 20s at 734.
There is nothing doing whatever in local
stocks or bonds.
Tennessee bonds sold in New York OF
the 23d inst as follows: $1,000 ex. coll-
pons az 654e, $1,000 ex. coupons at 66c,
$1,000 ex. coupons, ID call, at 65Ee, $4,000
new at 65c; and on the oath, 5000 ex. cou-
pons at 66lc, $4,000 ex. coupons, ID call,
at 66sc, and $4,000 new at 654c. Virginia
ex. coupons sold at SOC, North Carolina
new at 549544e Georgia Is at 843c Mis-
souri, 6s with several coupons attached, at
103c, and Missouri bonds issued to the
Hannibal and st. Joseph railroad, upon
which the interest has been regularly paid,
sold at 7Sc. This last transaction repre-
sents the true value of Missouri bonds.
The New York Post of the afternoon of
the oath inst. says: The loan market is
easy and abundantly supplied at SOS per
cent. There is an abundance of idle capt.
tai seeking employment on call, and the
flow of currency to the west, though it con-
tinues, is not of so great magnitude as to
disturb the working of the market The
fall of six millions in the Sub Treasury
balance, is by some persons supposed to in
dictate a disbursement of currency yester-
day to that amount We find on inquiry
that the change was produced by the trans
fer ofsix millions of compounds to Wash
ington, which are charged to the account
of the Treasury there, and do not conse-
quently diminish the active currency bal
ance in the Treasury Office mere The de-
mand for discount is small, the best bills
passed at 6@69.
The New York Journal Of Commerce of
the oath inst says of drygoods.
"The trade is healthy, the demand being
less itful, although still confined to small
lots as wanted for immediate distribution.
Prices are very well sustained, and the
market is unusually steady considering all
the circumstances. Those holders who are
acting under orders to close out invoices, or
to make early and heavy sales of long lines
of goods, are of course impatient at the
slow progress they are compelled to make
but the shrewdest merchants are very we'll
satisfied with the trade as it stands, know
ing that the accumulation of stock in
dealers hands would be far more damaging
to prices than the present hand to
mouth +" demand. Merchants recently
kNazf Of,
cial affairs, but it is evident that the pros
pect of realizing lower rates for their crops
has Offset to some extent the effect of the
large yield, and limited to the general ex-
ultation."
The stock of cotton hald in the Southern
ports at our latest mail dates amounted to
ouly 28,0l2 bales, while only $4,000 was
held in New York, making the stock now
held In the country about 200, 900 bales
less than was held at this time last year.
The new cotton year, which dates from the
LIST of September, will open with a smaller
stock of. cotton than has been held for a
great many years. Messrs Bailey, Ordway
& Co, cotton factors of this city, say in
their circular: SIN reviewing the bust
ness of the past season, its strongest feature
was a steady decline during the entire sea-
son, opening at 371 per h., and closing at
from IL to zoe. 1t is worthy of remark
that at no time during the past season did
reaction take place sufficient to recover
ground lost by the decline, the tendency
through the entire season being downward.
In the face ofthese facts there was a gems
eral and firm faith in the ultimate advance
of prices, and to this belief we must place
the large loss which our planting interest
has sustained. We judge of the present
season by the past, and we feel no hesitan-
ey in advising our friends TO meet the early
market with liberal sales. Our estimate of
the crop of 1867 fell short nearly 500,-
600 bales, the crop reaching, under the
many disadvantages of new labor system,
nearly 100000 bales. 1t is fully ascer-
tanned that the area planted in cotton this
season, is as large, if not larger than the
past, and the prospect Of the yield infnitly
more Aattering With these facts before us,
with an estimate of not less 100000 we
feel warranted in the belief that the early
sellers this season will obtain the highest
prices"