Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-11-01
LOCAL STOCKS AND BONDS.

Tennessee bonds were quoted in New
York at IS for the old and no quotations
for the new. We presume there were no
transactions. These bonds are dealt in but
little here, and dealers generally keep their
bids at about under the New York rates.
Past due coupons are bought at 53c,
Bank OF Tennessee notes, old issue. are
scarce and unchanged in rates. With the
ease in money, there is some inquiry for
the new issue Bank Of Tennessee notes. but
as brokers make so wide margin between
their buying and selling rates, purchasers
do not like to buy and we did not hear of
any sales. Some of the brokers are dis
posed TO advance their buying rates, and it
may now be quoted at 30633.
Inere were some transactions yesterday
in First National Bank stock and in Nash
vile and Decatur Railroad bonds, though
We did not hear at what rate.
For rates OF our local stocks more In de-
tail, we refer to rates in another pIace of
this paper, given by the National Savings
Company, corner Union and College streets.
FINANCIAL MATTERS. -
Money is reported fairly easy in Boston,
and in Philadelphia the money market is
said to be working easier for temporary
loans, but there is no essential Iessening of
the strlngency in commercial circles and for
time loans. Some of the banks are in a
better condition than they were, but the
clearing house report of last week exhibits
number Of them as very considerably
short IN the amount of reserve. So long
as this IS the case money cannot be called
easy. 1t seems to be understood that the
Comptroller of the Currency is not dis
posed just now to be very strict in bis re-
quirements Of the banks. It may be that
after the 9TH Of November he viii see to it
that all OF them live up to the demands of
the national banking law.
The New York World has warned the
unsopnistocated to keep away from Wall
street. In its issue of Oct. 20 it says: The
stock market is in that dangerous condition
when the fluctuations are so violent and
sudden that outside operators become de-
moralized and are certain to lose money
whether they buy 'long" or sell 'short."
The Leading stocks quoted on the printed
list have been "marked up by the clique
combinations about 100000, 900 since The
Secretary of the Treasury came to their as
slstance by buying Government bonds and
selling gold to the extent of $4,000 900.
Secretary Boutwell's imitation policy has en-
abled these stock gamblers to run I'D the
stock market, and now they are trying TO
unload up n the public and to realize ia
cash as much of the S60,000,0O0 of bogus
market prices they have engineered by tie
assistance of Secretary Boutwell's action.
IL is stated that one bank holds as collateral
forty thousand shares of q certain stock
CaKen at 10 per cent. above the price before
Secretary BOutwelPs recent financial aero
battle feat. The bank expansion which has
taken place the last fortnight has been
mainly to assist Wall street spectators and
not the business community.
The import entries in New York, en-
0raclng foreign dry goods and general mer-
chandise, for the week past, were $7,459,-
OIL, against 1896, 357 for the correspond
ing week last year. The exports of dOnes-
Tic produce, other than gold and silver,
were $0,366, S24, against S5,276, 054 same
week IN 1871. The export of gold and sill
yer, 81 ,4l6,535, against S413, 6Sl same week
IN 1871. The customs in gold paid into the
New York office Ofthe United States Treas
ury for the week were S2,247,773. The
gold values OF the import entries of foreign
merchandise at New York, exclusive of
foreign specie, since Jan. 1, 1872, are S373,-
417328 against 1926, 1885,, $3.50, showing an
increase of s48O81, 339.
Southern Bonds in New York.
The sales of Southern bonds at the New
ork Stock Exchange On the Goth inst. were
as follows:
SECOND BOARD.
1000 South Carolina six per cents, new,
January and July. .26
The sales on the 26th inst. were as fol-
lows:
PIEsr BOARD.