Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-05-30

The New York Post OF the afternoon O
the Goth inst. says:

The New York Post OF the afternoon Of
the Goth inst says:
Money remains in full supply. To the
large houses who take loans, furnishing
government stocks "a collateral security,
money is lent at add per cent. Six per
cent. on call is the going rgte TO general
customers at bank, and best commercial
paper is sold by brokers at 81 TO CD per
cent.
BY the close Of the month it ia probable
that 'he amount Of outstanding 1908 will
he reduced to about one hundred millions
This forms the only source from which
may be increased the $50 or other com
| pound interest bonds OF the United States
After these shall have beeBcOnvertcd and
the privilege Of conversion ceases at their
maturity on the 10th proximo-the growth
| Of the coin debt will cease, and thence
forth, az the law now is, will commence to
be diminished by payment or purchase
through accommodations of coin in the
Treasury, so far az the net of February 25
directs this to re done. This act requires
an amount equal TO one per centHm Of the
debt made in or since the year 1862, TO be
set aside in coin and the interest thereof
applied to purchase or payment Of such
debt The fund thHs provided will accrue
at the start at the rate Of tweniy-one mill
lions
The New York Iadpcndent of the 10Th
inst says Of drygoods:
General dulness has been the rule 10 the
drygoods market during the past week
and the heavy rains, which have hardly
ceased since the commencement Of May,
have undoubtedly had a good deal TO do
with the unsatisfactory condition Of things.
Money has been abundant, and collections
have been quite As good as were expected.
But, il business has been comparatively
dull, prices are generally well maintained
There Is not much change TO note ia do
nestle cottOns, bat woOllens are in rather
better demand, and there are symptoms Of
a rise, which prudent and strong buyers
show a disposition to take advantage Of In
brown sheetings and shiriings transactions
have been on too limited a scale 10 afford
any reliable indications OF the course Of
prices. The stock Of standard sheetings
IN first hands is not large and there il not
much chance of an accumulation 10 an ex-
tent that will effect prices. The value Of
the raw material must be taken a. the req
ulatSF ef the market. At present holders |
are quite ready to seltat the lowest quoted |
prices but slight upward turn Of the |
Liverpool cotton market wUHld cause a |
corresponding rise 10 the manufactured |
article here. la blesched goods there ia
bat little doing. The best makes the pop |
ular styles bring fall prices, hut there - a
dropping tendency in the inferior grade. /
Printing cloths in lke gray are not quite
20 active a. they have been Prices are a |
shade lower. Sales Of G-i at Q cents have /
been made, and may be taken az the rate \
for standard grades
In Prints there have been a considerable
falling OF in the demand, and prices Of
light goods are about hall a cent lower.
For the more popular styles prices are
fully sustained. The advanced season az
fords better market for printed lawns
but il requires good spell u weather 70
bring them into hhl demand Prices, how
ever, are 6rm, and the new styles are in
good request Ginghsms are in less de
mand, bat prices are unchanged. Rolled
jaeoneis and eambries are without material
change.