Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-05-07

London advices of the 9Th inst. quote
United States 5-20s at 7lf.
Exchange on New York was In good de.
mand yesterday. The banks were buying
at par and selling at tote premium.
But little was done in uncurrent money.
Bank of Tennessee was quiet at Soc buy
ing and S3c selling. Other Tennessee
money and Southern Bank notes we're dull
at the advertised rates.
Nashville Corporation checks were of
fered freely at 15c discount.
Tennessee bonds sold in New York on
lst inst. as follows $4,000 new at CO.'S,
5000 ex. coupons at SIZE, and 1900 new
at Gle; on the I'd, $1,000 ex. coupons at
CSC, $4,000 new at 62c, $4,000 new at
62c, and $4,000 new at 624c; and on the
Cd, $1,000 ex. coupons at 634c, Sl0,00Oex.
coupons at Gag, S21 900 ex. coupons al GAZE,
5000 ex. coupons at 64sc.
The New York Herald says in Tia money
article of the I'd instant: "The activity of
business on the Stock Exchange has aug
mented the demand for money; but the
supply is still superintendent, and loans are
made freely at sac per cent to stock hous-
es in fair credit, although the exceptional
transactions at four per cent on government
securities are fewer than they were in the
early part of the week The supply of
first class commercial paper continues light
and it ispromptly discounted at 64@7! per
cent. The disbursement of coin interest
by the Sub-Treasury is just now giving
employment TO a considerable amount of
money; but the demand from all sources is
inadequate to fully absorb the volume of
funds available for use in Wall street, and as
the drain of currency is still towards this
centre no apprehensions exisist of any
other than an easy condition of monetary
affairs for some months to come, and il is
expected that the diminished revenues of
the treasury will prevent the Secretary
from contracting the currency materi-
ally, il at ali, in the meantime
1t is given ont in we'll informed quarters
that no contraction of greenbacks will be
made for the present.
The new three per cent. certificates, $50,
100000 in all, were signed by Gen. Spinner
on the I'd inst, and will be Immediately
issued. They are in the denominations of
five thousand dollars and ten thousand
dollars, and in size vary somewhat from
the compounds" which they displace On
the left hand upper corner is the Roman
numeral representing ten thousand. Just
below this is large vignette likeness of
Secretary MeCulloch. On the right hand
end of the engraving is a composite
vignette, in the centre Of which il the
Roman numeral, surrounded in circle by
the words "ten thousand" Below this is
the North American seal in red color Be-
tween the signatures of the officers is the
of the American eagle. The
note is beautifully printed in green and
black colors
The State Treasury of Alabama, will
soon commence the issuance of $4,000
by the last session of the Legis-
lature, in 81, 81 and So notes. They will
be receivable for taxes and for all dues to
the State, and are exempted from any tax
under the United States revenue law. At
first it was reported that the law imposed
a tax Of ten per cent. upon such issues by
States, as well as those by counties, cities,
etc, but State money of this character is
free from tax. Without the aid expected
from the issuance of this $500, 600 it will be
difficult for Governor Patton to protect the
States credit and pay its officials.