Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-05-04
London adyices of the Sd inst quote
ITn;fad Ofataa & 9na nt7l6

..-...... 1867 ltil
London adyices of the Sd inst quote
United States 5-30s at7ls.
Exchange on New York was in good de
mand yesterday. The banks here buying
at par and selling at 81 50 per one thou
sand dollars.
There is but little doing in uncurrent
funds
Bank Of Tennessee was quiet at SOC buy
ing and See selling. Other Tennessee
money and Southern Bank notes were dull
at the advertised rates
Nashville Corporation checks abundant
on the market at l5c discount
Tennessee bonds sold in New York on
The 29th nit. as follows $4,000 ex. coupons
at G2c, $1,000 ex. coupons at G35c, $4,000
new at 6Oc, S25 900 new at 592, $4,000 ex.
coupons at G2c, and $4,000 new at SOC
These are lower prices for Tennessee bonds
than they have commanded for long
time.
The New York Post of the afternoon Of
the Goth ult. says: "The speculative feel
ing in Wall street continues, and there Is 4
degree of confidence and animation pre-
vailing. The rate for call loans is to )
per cent. on government securities, and to
6 per cent. on miscellaneous collaterals.
Commercial paper Of the highest grade
continues scarce and wanted at to g..
Less known names are closely scrutinized
and pass at high rates. We observed, how
ever, n continued accumulation Of idle
capital, the supply of currency is inereas-
ing from the interior, and there is an evil
dent increase of general confidence. These
three conditions of an easy money market
being present, the general anticipation is
that there will be no interruption Of the
existing ease for some time to come"
The statement Of the New York city
banks for the week ending Saturday last,
April 81, compare as follows with the pre-
yious week, and with the corresponding
week last year; to which We add the specie
and currency balances in the New York Of
fee Of the United States Treasury at these
dates respectively;
.tfs April q. '66. April q. 81. April 20; %,
Nat. capl.. ST., JOY 700 $13.45f.700 S7A4G.5NQ
Local s.. 8,878,5OO 9.062.50O 10000
Total capitalist. 1920 Ss2620.l0 ss2.t5l. 200
Loans. "a. 0l76s2 247.737'5Sl 2'''"l''4l
0G notes .t sDia 8.2R9sz 74ol2et 1872 S. 53@
Other L. IDS SO,5SsO22 67.99.35l 6t.ttS.9l6
Deposits ......aJ2, 1855 l5l6lf4l Io4g9' z1
In s. Tres'y 97.7a,S23 1885, Ais 1l2,0l,OI4
The changes from the previous weeks
statement are as follows:
Increase in sl,o,61q
Decrease in Il5'ltl
Increase in other legal tenders.''...'' $500
Increase in deposits 5.'s4U32
Decrease in circulation. ..........'..... 4i'zoo
The Emitted States Treasurer, on the lst
inst received forty millions of the three
per cent. Certificate ofthe temporary loan,
authorized by the at Of March 2, to be
issued in exchange Tor the maturing COM
nonnd interest notes now in the hands of
national banks. These certificates are to
take the place Of the compound interest
notes held by The banks as part Of their re-
serve innd. and are issued in denomina
tion4 Of ten thousand dollars only.
The cotton circular at l.. 2. Morton &
Co, of New York, dated the 9th nit, re
marks upon the cotton crop
The most carefully drawn estimates give only
about 80 900 bales of the crop remaining Tor 1uS
lure export. again5t 35OOOO bales ior the CORES
pondins period of last year, Counts 81 the sup
ply at this port made within the past fortnisht,
show that the stock has been over estimated
about $4,000 bales. The consumption by d0mes-
tic manufacturers has been largely increased thus
year the amount taken from September to
date being 10000 bales. or an average Of la,WV
per week at which rate the home consumption
would considerably exceed 1O0,OOO bales per an
mum. an increase Of one third upon last year.
The total receipts for the last four weeks amount
to l20 900 bales. including 5000 bales for last
week. making the total since September l. J.
10000 bales The exports for the week are
about 40, go bales. including 27.OOJ bales TO
Great Britain and l2,0OO to the Continent; The
stock at all ports is estimated at 4lOOOV bales.
The indications respecting the next crop are
as vet too incomplete to admit Of any estimate.
Reports very uniformly represent that the area
planted this year is larger than last, The plan
tiers are this year comparatively Tree from the
difficulties connected with the scareeness and
baroness efthe seed, the utter DISCRIMINATION
labor, the lack OF tools gins, buildings. etc, and
the neglected condition Of their lands. Having
to invest less in providing the appliances for
planting and gathering the crop. they have the
more for use in land and labor. These eonsldera-
tioHs favor the probabilities ofan enlarged crop.
But there are also circumstances which, 10 some
extent counterbalancct these facts The factors are
generally stipulating. az a condition Of their ad-
vances that the planter shall produce an ample
supply of grain and pork for plantation consump-
ton, which will cause a certain acreage 70 be
placed under grain sshich otherwise would be
planted with cotton.
The result of the present crop has not beer
such az to leave in the hands Of the small plant
ers the means for planting actively this year
and "a they derive no assistance from the tae-
tors the production is likely 10 be less than IN
1856 The danger to the crops of Louisiana, and
Mississippi from the broken condition OF the
leyees of the Mississippi river. Is n serious
drawback TO the prospects OF the crop IN that see
ton, The ievees cannot be prepared this year.
and the finest cotton district of the south must
therefore be constantly liable to iuundatlon. In
some sections ofthe South it is apprehended that
considerable interruption of labor may arse
from political excitement connected with the
working out of the plan Of Federal Tecoastrue-
ton. With so many new contingencies Affect
ing the crop. it would be quite premature 10
forecast the probable yield; il may. however be
quite safely affirmed that the supply will large