Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-03-12

New 1ofk yesiefd1J as ioiiohS r..r E,
s.91s co,,pons 49, saIo9.
5-20s, q series. eOuF0ns----.--.- ~ glgl z
5-2ls. I'd SERIES coupons. lel2sCgllv45z
ae15s, new issue -a..--.---''--.- le9sie luz LUZ
hl-t0s y, y 81 ~
| 100 I'd and 81 series ...-........-. lU77stg iuo1s
London Adyiees Of the 18th inst quote
United States s 2es at 74s. r.a.'igg p -
Exehange on New York was bought by
the banks here at par and sold BY them at
tpreniHm. 90 -
But little was done in -Hneurrent money.
Bank Of Tennessee was inactive at 25e buy
ing and SOC selling. Union aud Planters
Bank notes were in good demand. The
former were bought at 9Oe and the latter
at see. ~
Southern bank notes were very dull aud
in but little demand. s.
Nashville Corporation cheekswere bought
at Toe and sold at Sc discount.
Tennessee bonds sold in New York on
7th inst. as follows $4,000 new at 683c and
$1,000 ex. coupons at Csc. North Carolina
bonds sold at 45c
The increased amount of gold held by
the government, as exhibited by the March
statement Of the public debt, contributed
largely to the late decline in gold. The
New York Times says in its money article
of the evening of the 18th instant; "The
public debt statement excited much salts
faction, and while gold declined upon it,
as here noticed, the gold-bearing stocks of
the United States of 1862 and 1865, which
are employed for transmission abroad,
were within s(9@ per cent. as high as on
yesterdays price of gold. The eonsolida-
ted 20s 1865 and the 7-SO per cents. 1888
GLOSS per cent. The foreign exchanges
were unsettled by the fall in gold, but the
standard drawers on London were asking
partially firmer rate for Saturdays mall
The importers are nearly through with
their extra heavy customs payments, and
the calculation is that they may now be
able to do more in exchange. The Gus
toms demand for gold to-day amounted to
100000. The Treasury Office has received
| from this source since the LIST of the month
about $3,600OO0, out Of which some few
sales have probably been made from day
to day, by the Assistant Treasurer to the
total, altogether, it may be, of a million of
dollars. These sales, on ordinary gold
speculation, and with SO large demand to
pay customs, wouId have had little or no
effect ON the market; but in the present in
stance they were much talked Of in the
room, and have probably added to the
other causes of depression. The first blow
to the upward speculation was from the
quiet way in which the Presidents veto
and the passage of the reconstruction bill
over the veto were received by the public;
and to this is now added the exhibit of
$l07, 271 900 in the treasury"
The money market lenders of Europe
are suffering from a plethora of capital,
and are puzzled in attempting to obtain
good interest on their capital, and al the
same time to make safe investments. Con-
trary to the experience of the last fifty
years, there are few trustworthy applioa-
tions from needy governments. India is
closed up, owing to the financial disasters
of the last year, and among the English
people there is general stagnation as a con-
sequence of the high rates Of interest de-
| manded in former months. Business has
been curtailed in all departments, with re-
turns correspondingly diminished. Spain
and Portugal would both like to borrow,
but their credit is weakened. Italy is not
expected to propose a loan. Nor is Tur-
key, which is remarked upon as an unusual
circumstance. Other governments have
already been supplied. Joint stock com
panies in England, since the doleful expe-
rience of the last year, are in special dis
favor, and railway securities are not pOpu-
lar. These general features are regarded
as the natural result of the monetary crisis
so lately experienced throughout Europe,
and in accordance with all former history.
As remarked by London contemporary,
"there is the same abundance of money,
the same indisposition to lend, and the
same desire to accumulate large balances
which it is impossible can be used
TO advantage" In Paris, Hamburg, and
Il
other large money centres, there is the same
complaint of accumulation, promising low
rates of interest in the future, which in the
end will be sure to stimulate mercantile
activity, unless discouragements arise from
some unforeseen national complications.
The GAINESVILLE Chronicle Of the 8th inst
mas the following in regard to the tobacco
market
Our sales, last week, amounted to 4lS hogs
| heads at the following range of prices: Lugs
4 3H@512c; Common Leaf. 6IG5c Fair leaf, Sg l2c
| Fine leaf. l39l6c; Choice selections, l7Q2c
| Fancy manufacture and cutting, l592Oc. We
had brisk animated market during the whole
| week, with no Tagging Of prices, which we're
| upon the whole, highest toward the last. The
| Louisville and Nashville railroad relaxed theil
| embargo on shipments TO this point, last week
| and the result is seen in our increased sales n
| once. The highest sale of the week, was a neat
~ handled yellow wrapper. raised by Mr.; j. y
| Hill of this county, and sold by Messrs, Hutch
ings * GrinteT, at $50 Is per 100 pounds. Oul
1 loose tobacco market is at present rather dull
4 operators having retired from the field at pres
| ent. Common crops may be quoted at 6G7C
| round, and fair to good steInming crops at $685.
! round, delivered in good stemming order, n
large hands. Our market opened this week will
| sales at the Tobacco Exchange, on Tuesday, o
| "a hogshesds, The breaks were very poor, con-
| tanning large proportion of very inferior Jugs
| The tone was firm. but without buoyancy. w
| quote decline Of &c on common Tugs from las
week. As this grade has been selling for tw'
weeks, higher in proportion here, than in an,
| other known open markets, the decline hardl
yet affords fair margin for shipment to the SCI
board .-.- ... .... #.
Cotton opened quiet in Liverpool yester
day at l3Ql3gd for middling uplauds an,
nrla,,s r,id1Iipo