Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-04-22

SAOSCh az AoJS az - nhs A'AbhOAo hClC
paying 1889 and holding at 1891.
Government securities continue to ad-
vance in New York. The following are
the quotations:
sos LIST lll2s
520s I'd 100
52s Sd ll0L
6-2Os new issue, -....--.. .....--,...... iU5
luZ2s
1905 ID and Sd series...........-......... 1853
London advices of yesterday quote United
States 5-2Os at 7O4
Exchange on New York is taken by
the banks at par and sold by them at /
premium.
There is very little doing in corporation
scrip. Dealers are buying small amounts
at zoe, and sell at 75c in the dollar
United States bonds are bought here at a
shade under the New York rate, and are
held at about &c advance
Bank Of Tennessee notes are in good de-
mand at 3Oc.
The sales of Southern State bonds at
the New York Stock Exchange on the 18th
inst. were as follows:
FIRST BOARD.
$1,000 Tennessee 6s ex. cOupons.-.............66
1900 do new ...........bO
1860 do do .,..,..........-....-. bO4
loco Virginia 6s, ex. coupons.
1900 Georgia
1000 Missouri
2OUU8 do
The New York Post of the afternoon Of
the 18th inst. says:
"The loan market ia easier to-day, and
the general confidence seems to he reviving.
Call loans are offering at 7 per cent, and
discounts are quiet at 708 for the choicest
descriptions of commercial paper. The
stock market opened firm. Governments
are 10s higher, with a demand for most
descriptions except the ten-forties. The
advance was we'll sustained, but the demand
appears to be in some degree speculative.
The belief prevails that during the late
panic quotations were so much depressed
that monetary relief and returning conf
dence must bring sharp rally. From this
belief the speculative demand takes its ORR
gin. But there is,s also, a good inquiry
from investors who have been holding their
money in readiness to go in and buy when
bonds should seem to have touched bot
tom" Another set of buyers are the vari-
Gus capitalists who sold out some time ago
at higher prices, and now wish to replace
their securities al profit. Railway shares
have been extremely active, and sharp
upward movement has taken place in all
the leading stocks. The statements of Gen.
Butler before the Senate relative to the
purchases of seven-thirties by MIR. McCut-
loch are well known here to be eXaggera-
ted and at variance with the facts. From
January Let to April 4th, the government
purchases amounted to an aggregate OF Y
millions, all the notes being purchased at
or below the market prices of the day.
From March 10 to April the purchases
we're So, 1925, 900, all OF which were at the
low rates of IC5t@1053, except a small lot
of 5000 900, which were bought at 1865.
The complaint has BEEN: during the late
panic, that the treasury proposals to buy
seven-thirties were below the market, and
not above it. Currency continues to return
from the country, and the treasury is sell
ing no gold to-day"
The New York Journal Of Commerce Of
the 18th inst says of drygoods:
lie GDAitlf Dtk1HIH nave uSSll hEpl DICK,
in part by the nnpropitious weather, aud
in part by lingering hope that some rapid
change in cotton would depress prices of
goods. This has given ns here dull week,
but the stocks held by agents are so mode
rate that We cannot see any material effect
of this prevailing quiet upon the market
prices. All classes Of cotton goods remain
about the same, and woolens have been
also held up to previous quotations. We
do not pretend to forecast the future of
yalues but it is certain that at some price
or other the bulk of seasonable fabrics will
be wanted for the seasons trade. Only tor
the money stringency and the pause in the
trade prices would have gone up still fur
Their. 1t now looks as if there would be no
material change until there is more geuer-
al activity.
The market for most descriptions Of
brown cottons has been inactive, and the
business OF the week has been comparative
ly small At present prices of the raw
staple II Is said that goods cannot be pro-
duced at current rates; but many buyers
consider prices Of cotton too high, and that
they are only maintained By speculative
combinations, which they hope will soon be
staple Immediately follow. The stock of
sheetings Of both heavy and light weights
in first hands is gradually increasing, but
with the aggregate accumulation is much
less than usual At this season, and it ia firm
" held at steady rates. Indian Head,
Appleton A, Lsnrel ID, Massachusetts ard
Newmarket RI standards are each quoted
by agents at 70 cents; Amoskeag A, Wa
chusetls, Carroll and Stark standards each
lS!c.
The demand for bleaehed sheeiinRs and
shirtings lie still chiefly restricted to a fe,r
favorite makes Of the best qualities, which
are closely sold at firm prices. Medium
and low grades cell slowly, and the supply
Of these in hands Of agents has somewhat
increased. Business with the interior IL
less active than was expected, and iobbers
have not been able 10 distribute their early
purchases in sufficient quantities to require
large additional selections TO keep I'D as
sentiments. There appears to be 40 dispo-
sition on the part OF holders to press their
goods on the market, and quotations are
generally we'll maintained. Our quota