Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-04-12

5000 Missouri
The New York Tribune Gays in its money
article of AprilS
Money on call is offered freely at Coz
per cent, and more is rendered to many
houses than they can use. Commercial
paper sells at 799 per cent The Secre-
tary of the Treasury has expressed tine
opinion that the three per cent. certificates
are payable in legal tender, and not in Ma
tional bank notes. A letter to this effect
from Controller Hurlburd, approved by
Secretary McCHlloch, was received several
days since by leading bank in this city.
This decision of the department is advan-
| tageous to the banks, and adds TO the value
of their reserve, which is thus made, when
consisting of three per cents, equal to legal
tender money"
The New York Independent of The 8th
inst. says of the New York drygoods mar
ket.
Prices of the raw material have ad-
vaneed, and in brown sheetings and shirt
ings there is more activity, and a greater
disposition to purchase largely, even at the
! advanced ~rates. Standard sheetings are
about cent a yard higher than our quota
tions of last week, aud a further rise will
probably take place-the stock in first
| hands being small--unless there should be
a decline in the raw material a contingen.
! cy which is hardly likely to occur.
In bleached shirtings and sheetings OF
the better grades the business has cores
| ponded with operations in brown goods.
For medium qualities there has not been so
good demand, and the stock in first hands
has been considerably increased.
In prints business has been very active
again, and prices have advanced about half
a cent yard. The new spring styles from
some of the we'll known print works are
very active, and the manufacturers find it
dificult to keep the market supplied.
/ Ginghams Of desirable styles are in good
| demand, bnt the inferior qualities are not
so freely taken. Printed lawns, madden
colors, adapted to the season, sell freely,
and in some cases command an increase Of
prices. Rolled iaconets, cambrics and
sileaias are in fair demand, but without any
material change of rates.
In muslin delaines there il not 40 lively
a trade az manufacturers expected. The
market is very abundantly supplied, and
the range OF prices is very wide The
spring styles are remarkably elegant. This
description of domestic manufacture is the
cheapest Of the whole line Of textile fab
RIGS
italian cloths are in fair request. In
wooden cloths there is go improvement to
notice. The demand for the home trade is
dull, and but little for the California mar
ket.
In cassimeres aud satinets there is a fair
demand at firm prices, at least for styles
adapted to the season. The stock Of de-
sirabIe goods in first hands il small, and
not likely to be suddenly increased.
In foreign goods trade has been limited
almost entirely to fabrics Of a novel pat
tern, adapted to The season aud home trade,
for which there Is an active demand. The
auction sales of the week have been large,
but mostly Of medium grades. Dress goods
Of the better kinds, colored silks and mill
liners articles, sell at good prices, and re-
munerate the importer. Fine cloths are in
somewhat better demand. Linens sell
more readily, and the comparatively light
importstions tend TO give frmness of tone
to the market.