Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-06-12


at 70.
Gold has varied but little during tn,
week, though the tendency is slightly up
ward. On last Wednesday it was 1868
and on last evening it closed at 1873. The
following were the rates yesterday: Opened
at l37 ], was 1879 at IL, 1871 at 1890 anG
closed at 1873. The transactions in gold
here are extremely light, and the buying
rates are about J cent less than the New
York quotations. Silver is bought at about
l0c less than gold
There is nothing doing in uncurrent
funds. Bank of Tennessee is quiet at 33c
buying. Most of the Southern bank notes
are lower in rate, aud seem to be becoming
worthless.
There is no change in our home bonds
and stocks. Davidson county bonds, issued
to the Louisville railroad, are worth about
83c. Those issued to the other roads are
rated at 75c. Nashville corporation bonds
are worth 60c. The old bonds would COM
mand fraction more. Nashville corpora
ton scrip is bought at. lac discount. These
checks can be used in paying taxes, licences,
etc. Nashville and Chattanooga railroad
stock is worth 25c The Louisville rail
road stock is worth Soc. The stocks of our
other railroads are unsaleable. Nashville
suspension bridge stock is worth Csc.
Tennessee bonds sold in New York on
the Sth inst as follows: $1,000, with all
the coupons, at zoe, $1,000 new at este,
$4,000 new at 68Bc, $4,000 new at Csc, 500, =
900 new at oslo. Virginia bonds sold at
zoe, Missouri bonds at 98B, and North
Carolina new bonds at 51@5O4c.
The New York Post of the afternoon of
the 9Th inst. says.
There is more confidence in financial circles in
regard TO the prospects Of business for the in
teilgence as to the crops is of a gratifying
character, general confidence is reviying collec-
tOnS are easier and the fears are subsiding as to
the movements OF the Treasury causing further
disturbance of business by locking up currency
and withdrawing it from circulation. The ex-
cessive and unnecessary balance in the Golfers of
the government, which has been accumulated at
50 greatlncOnye nience to the country will, it is
believed. rapidly and speedily decrease so thai
the mischief which has been done may be to
some extent repaired. The loan market is still
active at 6gI per cent? aud there is rather more
inquiry for accommodation than il usual on
Saturdays. The supply however is ample, and
the hOW of currency sets towards this city. Com
mercial paper is moving slowly The best bills
are scarce and wanted at 61z@S. Good names
pass at SOLO.
The story that secret arrangements have
been made between the Secretary of the
Treasury aud certain national banks, under
which these banks are TO receive circulating
notes instead of broken bank bills, that
they may redeem and present at the de-
partment is denied by authority. If any
banks are buying up the bills of defunct
national banks, they do it oftheir own mo-
ton and at their own risk, and it is said
that speculations in these bills is not
countenanced by the department. The
following Is list of national banks that
have failed, and are now in the hands of a
Receiver, with the amount of circulating
notes issued to each
Circulation.
Merchants Natl Bank. Washington. 10000
NenangO Natl Bank, Franklin, Pa. $1,000
tennessee Natl Bank, Memphis............ $4,000
First Natl Bank, Newton, Mass. 10000
First Natl Bank, Selma, Ala................ $1,000
First Natl Bank, New Orleans...-.-.....-.. 10000
In addition to these, the First National
Bank of Carondolet, Mo, with a circulation
Of $25, 800, and the First National Bank of
Columbia, Mo, with circulation of SILL
$50, have taken up their bonds, and de-
posted lawful money in the United States
Treasury to the amount of their outstand-
ing circulation. Here is an aggregate of
eight hundred and thirty-two thousand
four hundred and ninety dollars, which has
reverted to government, upon the return
and destruction of which an equal amount
of circulation will be at the disposal Of the
Comptroller of the Currency for distribu-
ton, according to the terms and conditions
prescribed in the national currency act,
subject to the same rules as governed the
distribution of the amount originally au-
thorized by Congress. Quite number of
national banks have been organized, to
which the Comptroller has not yet given
any circulation, because the amount pro-
vided for by law is already out, and there
are many others that have received only a
part of the amount TO which they would,
under other circumstances, be entitled.
The export of specie from New York to
foreign ports on the Sth inst. amounted to
81, 299, 500.
The Financial Chronicle states that it is
not generally known that the notes of New
England State banks are now at a discount
Of 5 per cent. in New York. The reason
of this heavy depreciation is that at Boston
the Suffolk Bank and the Bank of Mutual
Redemption have discontinued redeeming
such notes since the first of June. As the
amount outstanding is small, and az there
Is now no method of getting payment with
out sending the notes to the several banks
by mail or express, the uncurrent money
brokers make the extra charges 10 cover
the delay, expense and trouble involved.
The notes of the banks of Pennsylvania
and those of the Western States are selling
at various rates Of discount, while those of
the State Of New York will probably cease
next month to be redeemed by the Metro
politan Bank of New York city, and will
then speedily disappear from circulation.
The New York Journal Of Commerce of
the 8th inst. says Of the domestic dry
goods:
The improved tone Of feeling noticed in our
last has been still more manifest this week Of
fers have been made more freely for the best
class Of staple goods, and il would be easier to
take orders for future delivery than at any pre-
viOus date this year. Odds aud ends Of invoices
and old styles of prints and lawns have been
sold of in some cases, by iObbers, at prices con-
siderably below the value Of fresh goods from
the same mills Such sales are no criterion Of
the market but are sometimes used 60 mislead
the inexperienced, a1d thus TO circulate a quota
ton TO serve some selfish purpose The business
doing Is very iight, but there is far more conf
nence IN the future
The same paper states that there is no
Improvement in foreign goods, and adds
There is a moderate demand for good
styles Of thin dress goods, but these are only
sold in small quantities to supply the lin.