Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-05-02


The New York Tribune says of the
money market on the 2Sth of April:
"Money is steadily increasing in supply,
and at 6CG7 per cent all borrowers of fair
credit are readily supplied. The amount
of currency daily received Is large, and
sufficient to give very decided advantage
to borrowers Of money who anticipated an
early return to a sac per cent. market.
The banks are disposed to be liberal in the
way OF discounts, and but little choice pa
per finds its way to the street for sale. The
street rate is 7G38 per cent. for good bills.
Exchange is barely supported, and
best names are held at 40 with sales at
I09s The rates are, London 80 days,
l09g@1l0; do. at sight, 1l04G llOs ;
Paris, long, 1905 l24 short, llt@
10; Antwerp, l5Cl5 1873; Swiss, 10
| as I3f Hamburg, 36t@3Gs; Amster:
| dam, 4O5@4l4; Frankfort, 4l@4lB Bre-
men, 794G80; Berlin, 7l5@72"
The Chattanooga Republican of the lst
inst says
Corn sold yesterday at Soc sacks in
| cluded 78c sacks returned Bacon
wholesale, 15@I54c per pound. Wheat,
g 80 sacks included 81 %, sacks re-
turned.
The New York Independent of the 18th
uIt says Of drygoods;
Atmosphere influences are not usually
taken iato account in commercial CirCula-
tions, except az they relate to the growing
crops but unquestionably they are very
powerful elements in affecting the Vicissi-
tudes and alterations of trade And this
remark Will apply with peculiar force u
the drygoOds trade The drygood5 trade
of the present season has been in good
degree by political causes, by "imPeach-
meut." BY fluctuations in the currency,
and BY the unsettled condition Of the
| South but the weather has not been the
least Of the Causes which have made the
trade late and business light. Customers
cannot have the heart TO buy freely of light
fabrics, which can only be worn in the
sunshine, in the midst Of such drenchIng
Northeast storms as We have been favored
with the whole of this spring. Trade has
been backward, and the season has been
backward, bnt q change in the weather may
be too late 10 benefit the unfortunate job
Der, whose stock Of fancy goods remains on
his hands. There are certain articls which
| if not sold within a certain time cannot be
sold at all.
In domestic goods, and particularly cot
ton, sales have been prevented by the I'M
certaiuties in relation to the price Of raw
material, and the large dealers have missed
their Opportunities By not having an intel
igent knowledge Of existing conditions Of
the cotton market Western purchasers,
| or at least the larger dealers from Chicago,
ST. Louis and Cincinnati, have shown good
Judgment in making heavy purchases early
in the season Of cotton goods, so that they
are now enabled to supply the smaller
merchants, who used to come East with
goods at less prices than they can be
bought here, maniie-tly TO the damage Of
our IObbIGg merchants.
Prints have been selling in Chicago, al
we mentioned last week, at cent yard
cheaper than they could be purcased from
first hands in New York. The South has
bought largely Of heavy coarse goods, but
very lightly Of the fancy makes, which are
. prepared almost exclusively for that
market Sill, what trade has been done
has been Of A safer character and, II tewel
goods have been sold, they have beer
safely sold and mostly paid for. There hal
been no fictitious prosperity among oui
/ merchants, to delude them into future
bankruptcy.
There have been more customers II
! town, aud the hotels have bad Freatel
number Of arrivals from the West thar
for long while but they do not hul
I sharply There appears 10 be an Idei
prevalent that prices will come down
but, as the stocks 10 fret hands are no
greater lhan the trade requires, 1t will soor
be discovered that this is a mistake. Al
attempt was made by leading Jobber Il
induce decline BY Offering prints at
cent less than the ruling prices, but It die