Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-01-30

Our money market continues very light,
and there Is an unusal demand for money.
None Of our banks are dsconnting notes,
though there is no difficulty IL getting
good bills discounted al per cent per
month. Good paper is discounted on the
streets at from 2 TO cents per month.
Exchange on the Eastern cities ia taken
at ! discount, and is sold by the banks at
par
There is very little buying and selling
of uncurrent money going on al present.
Bank Of Tennessee notes are very dull at
45cG 43c buying, and 5O@52c selling.
This decline in the face of Judge Brien's
decision, and of the decision of Judge
Smith, of Memphis, is little remarkable.
The decline we are told is owing 10 the
prevalence of an opinion that the cases, on
which these opinions were given, win not
be determined during the present term of
the Supreme Court, but win be held over
until the next term. We do not know
what ground there it for such an opinion,
but the opinion does exist, and dealers and
others are rather shy in buying.
There is steady demand for Union and
Planters Bank notes by persons owing
these Banks, and the notes are becoming
scarcer every day, and the rates paid by
Brokers is constantly improving. Plan
ters' Bank is bought at SIC, and Union
Bank notes at Soc.
Southern Bank notes are very dull, and
rates are as heretofore.
There are considerable amounts of Nash
vile Corporation checks on the market,
and they will not sell for over 9Oc on the
dollar.
Louisville and Nashville Railroad Stock
is worth Soc. The Scrip and Tax Re-
ceipts are worth 90c.
Nashville and Chattanooga Railroad
Stock is bought at SOC.
South Nashville Street Railroad stock
may be quoted at soc.
Tennessee bonds sold in New York on
the 25th inst as follows: $4,000 ex.
coupons at Gle, $4,000 new at GOIc, $751;
900 at Coo, and $50, 900 at 62c. Our bonds
are thus 5@6c lower than they ought to be
on the basis of the quotations at the close
of December. But there has been a gen.
eral decline in all descriptions of stocks,
and our bonds have not furnished an ex-
ception. The New York Post of the after
| noon of lhe 25th inst. SAYS:
The panic in the stock market has been re-
neWed in all its force this morning. inducing
general shrinkage in almost all the values
spsculated in at the Stock exchange. Govern
ments continue steady. and there is little dis
position to sell except among that class of bust
ness men who have been used to invest their
reserve funds in 6Ye-tWenties and seven -thirties
| The investment demand keeps up from small
purchasers. Quotations are about Is lower than
| those of yesterday. Railroad shares are de-
| the bull cliques find themselves surrounded are
| especially apparent By the dealings in Erie,
| PittsburE and Northwestern preferred
During the past week the Treasury De-
partment has issued s1O4,275 in National
Bank currency, making the whole issue to
date S3O0,90 1896. From this is to be de
Quoted the currency returned, including
WORKOUT notes, amounting to S2,l58,932;
leaving in circulation at date S298, 74S, 1854
The following will show the stocks of
cotton on hand at the various ports on the
lst of September, 1866, the receipts and
exports TO foreignports since that date, and
the stocks on hand at the dates designated :;