Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-02-08

The New York Post, Of the afternoon of
the 4th inst says "Fhe loan market is
easy at sac per cent. on cal, aud at 6(953
on discounts There il an increasing
abundance of floating capital, aud the flow
Of currency setsthis way. As the contrac-
ton of the greenbacks is stopped and the
season is approaching when less currency
is needed to do the business of the country,
the accumulation here both Of capital and
currency il likely to 60 on, with the usual
results on the money market"
The following card is published in the
Memphis papers of Thursday ~
10 the creditors of the Gdyoso Sasings m
stitation-In our past and more recent eff
forts to relieve the business community and
commercial interest of Memphis, in times
of trial and pecuniary embarrassment, we
have been induced, from time to time, to
loan largely from our capital and resources,
using at the same time, as we believed,
every precaution to loan only upon prompt
and reliable securities.
Owing, however, to the present depTes-
sion in trade and business matters gener-
ally, and the unusual stringeney in money
matters, we find it utterly impossible to
realize sufficient upon our business paper
which is duly maturing, or upon any de-
scription of assets in our possession-either
of real estate or discounted psper-to Heet
the urgent demands which are now being
pressed upon us.
Under these circumstances We lind 1t
utterly impossible to continue business,
and thus the necessity is forced upon US TO
suspend further payments for the present
Every possible effort that could be made to
avert this necessity has been made, but
without success.
The assets of the institution, although
not Immediately available, for the reasons
assigned, it is believed, with proper man
agement can be ultimately realized to
very great extent.
E. NJ. AVERY, Cashier.
The New York Independent Of the 4th
inst, says Of dry goods
The indications Of improvement ia dry
goods which NE noticed last week have
been fully justified by decided actiVity in
trade and hardening Of prices. In do
meslic cottons there has been an advance,
and the increased price Of the raw mateTi
al, to the extent OF four cents from the
lowest point, and the ahuRdalAee Of money,
together with the feeling Of security which
the non-contraction law by Congress has
created, must tend to further rise Some
Of the large iobbing-hGises are prudently
stocking up" in anticipation, and stand
ard makes Of shirtings and sheetings are in
good demand. The country at large, and
particularly the West, il bare Of goods /;
and. "a the East il not overlooked, very
moderate demand will certainly cause al
! advance.
In unbleaehed cotton the inquiry has
been active, and an advance has been es-
tablished in nearly all the popular mar
kets; in some cases all the standard styles
have been closed ont Of first hands. Fine
qualities, for bleaching, are in good re-
quest.
Bleaehed shiriings aud sheetings are 10
active demand and a decidedly speculative
| disposition has been manifested among TIE
large buyer. Transactions have beeR ex-
tensiye, and the stock in first hands hsa
been greatly diminished.
Cotton fannels cell slowly al the quots-
tons, and corset jeans are in better de
mand. There has been more doing in
stripes and ticks; and the quotations,
which are hardly more ihaR nominal, are
now firmly maintained.
| CotfOnades and denims age in better re-.
quest, and prices have advanced Grade.
Prints are in very active demand. The
winter styles are pretty well closed out,
and the new light spring styles, which are
very attractive and exhibit marked i'm
provemenf in designs, sell freely and com
mand full quotations. Ginghams are 10
good demand but the season IL rather
early for lawns, and they are not YET N
greas demand. The new styles are beaati-
| ful, snd show great improvement IN THIS
class Cd goods.
Jacoaeis and cambfics are IN fair de-
msnd, and sell readily at the quoted pri-
ces.
DeIaines Of dark patterns are moderate