Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-01-15

52) registered --........................... I05
Dps, "a series. cOup0ns--,,.-..... 1855 q 1853
Dds, 81 SerieSi couponS..-.--...-.. 100 e ll7.
l-lJ', new issue OBSERVATION-DISCLOSURES lu4 .sQ lItt
iL-tu'.. ssa l.U
t-5ys-..--,----.. lN4 tUlNt.
London adyices Of the evening the l2tI
inst. quote 5-20's at 72l At Frankfort
sos were quoted at -.
Sterling exchange is quoted in New York
at l09g@1l0I Exchange on New York
was taken by our banks at discount and
sold by them at par for small sums aud
Ito discount for large amounts.
There was very little doing in uncurrent
money. Bank Of Tennessee was quiet at
soc buying, and CSC selling Planters Bank
was bought at SIC and sold at S3c., while
Union Bank notes were dull at soc buying
and S2c selling.
Southern bank notes continue dull, and
rates here not improved
Nashville corporation checks have ims
proved. Brokers were buying at sc and
selling at &c discount These checks are
used in paying corporation taxes, licenses,
fines, and for anything due to the corpora
ton.
The only sale of Tennessee bonds at the
New York Stock Exchange on the 10th
inst. was $1,000 Of the new issue at G6c.
The New York stock market has been
greatly depressed by the bears, who have
been operating for heavy decline. The
New York Times of the 10th inst saws :
con the Stock Exchange some heavy sales
Of the public funds were made of 80 per
cents, at 46l per cent. decline from Tues
days and Wednesdays quotations. and the
old j-2Os of 1862 also declined gal per
cent. The new consolidated 5-2O5 fell to
IO35, or EUI per cent. below the cbegpest
recent sales by the treasury. with eight or
ten DAYS gold interest since accumulated.
The sales an nor oarts this afternoon ot
the second regular board amounted to near
1r m. O.,
~ nan million oil dollars. IN the ran
way stocks an active excitement vas kept
mp throughout the day The business, it
will be noticed, was quite large and widely
distributed over the New York and West
ern lists. Scarcely a single stock wiihstood
the decline The heaviest transactions were
in Erie, which underwent several.up5 and
downs between G4GG25 per cent. The
saIeswere unque5tionabIy, in many instan-
ces, forced for the want of money, or the
running down Of margins left with the
brokers. But a very large line short, it is
equally certain was sold, and without much
reference to the relative merits or weakness
of the different roads,
The New York T,,;Jpu, of the 10Th inst.
saws. "NToDev has been in active demand
at ner cent an call and / nor cent extra
was Maid in numerous cases for acoommo-
dation over NIGHT The market 10 worry
sensitive and lender with nocl-e,EooLs friI
If stocls local and national hold 90 coII,ta-
raj On loans to specuIators are desirors Of
reducing their loans. but see no way to do
it without causing a decline, which might
leave them the owners Of stocks now held
as collateral. LISA fact conceded in bank
rarIors that tho loan, rro,l,Ir- rarortod ,ra
III " dangerous u's'ee "Po" "i IouO0'i'e
railway shares, which, under their present
earnings, are upon the road to the prices
mid boforo tbo trodo Of tbo c,,,rtr,, ,-,,
L,:-..I-.-II--. I----,S...3.....-.
''I''u'a'eu y e-eA Peiiu''".e7 u suppress
''io ieoe''''''' I1o''''7 upon liie'e se'"'i''eS
while the market was advancing were
,,I,.,,,, ,I -,st,tl, h.. ,I, -, 80
t'0'''''l' "'l' I'lol''''olN' N''' 'IO iS'Ul" pas
saua Ia mt sO ourpcs HE or safe Cnrnr,ar-
Clal paper sells at itJS per cent. and urSt-
L. ,,,-- 90. l..,,l.,..D
'iI99 h'lIie7 H"' '"'I'u''i'i'
Tho rl9usa I'm the hqDEiurr l7py l1udaI.
which the COMPTROLLER of the Currency III
o..
lehuh 10 limit the Use OF compound notes
g. no C,II1rr.
" "
Nor shall any treasury notes bearing interest
issued under TINS act, De legal tcIUCr IN payment
OF redemption Of any notes issued hy any bank,
banking association or banker calculated or i'm
tended 20 circulate as money
Command uolas under tbis cIsusa cor
~ io'"~ '0'>' "i''N' 'i''' N''''O N''''
be used rs a reserve for dppOsitg hUt not for
reserve upon circulation.
IT, C,r,,,,t-,II,. ,,r ,b C,,-r,,,,,- L.
Inc COun P'lOIieI vi 'lS Nui IeHIN nds It.
cpivpd abOut 600 quarterly reDOrts show
ing the condition OF national banks on the
morning OF the 'lh INST As lar as the
aar,,a hos baap examined tba,. ara foupd 10
show the banks generally in good COndi-
a.: - II r.