Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-11-02
LOCAL STOCKS AND BONDS,

LOCAL STOCKS AND BONDS.
Our brokers report quite an Investment
demand for desirable bonds and stocks,
with very few Offering for sale, and none
except at full rates. Morris city bonds are
favorites and much eaquired after.
Tennessee bonds were quoted in New
York at 49,. Here they are bought at
| less.
Bank OF Tennessee notes are scarce.
Dealers buy al 90091 and hold at 81. The
new issue is also very scarce and unchanged
| in rates.
Comptroller's warrants are quite dull and
| will not bring over Soc.
For rates of other bonds and stocks we
refer to quotations given in another place of
| this paper, by the National Savings Com
pany, corner Union and College streets.
FINANCIAL MATTERS.
st Louis reports the demand from bank
| customers still comprehensive enough TO
| absorb all the loanable funds, and rates are
stiff at ten per cent and upwards. The
| tendency of the Cincinnati money market
is TO increase stringency. Further large
| shipments of currency were made to South
| ern cities on the 3JLh Ult., and the supply
was much reduced, but there were arrivals
| from New York the 3lst, and the flow from
| the country to the city is about equal to
the outgo other than southwark. The
| Cincinnati Gazette says, Oca. 81: "The
banks discounted yesterday for depositors
| who had satisfactory paper to offer to a
reasonable extent, but there was more
prime business paper offered in the open
market, which was unusually close, and it
was found diff ,ult to negotiate il at l2015
| allu InntIIrpl affair ind
close Of the current year"
The Chicago Times says, Oct 81: Money
is still quoted closely on all sides, though
the banks are undoubtedly better supplied
with funds at the present writing than for
some time past, and the situation is gradu-
ally assuming a more satisfactory and en-
| o)uraging appearance Still, as packers
and provision men are only awaiting a
favorable change in the weather to enter
the market freely for assistance, the present
improvement will in all probability be sup
planted in few days by another striDgency
which will be maintained through the best
portion of November and December. AT
present, grain men are the heaviest Dor
rowers, though the general demand is fair,
and both the regular and open market is
we'll supplied with good business paper.
|
cent per month.
The balance-sheet OF the nation for the
fiscal year ending June so mas been taken
off, and statement has been made out by
Gen. Spinner showing the receipts and ex.
pendiLures of the Federal Treasury during
that period. Il his must be unintelligible to
ordinary readers because it states as re-
ceipts from loans the sum of S305, 20S, 0S4
| nN-rov,Aitraroc NJ 20 mn n.
lie debt, S530,906,S52 This item "LOans
$685., 208, 08i." represents, we presume, the
amount shifted from one kind of security
TO another, which in no wise increases OF
diminishes the national incomes or expendi-
lures, however it may seem to do 50.
Subtracting this from the total there
is LEFT S225, SOS, 766 as the ammount
paid on account Of the principa
and interest of the public debt. The
actual cost of running of the machinery o.
the Government Exclusive of payments or
account Of the public debt) is set IWn a.
SlSO,453,l19. The receipts were, from Gus
toms, S216,3T0, 286; from internal revenue
Sl3O,642,I77, and from public loans, ST.
575. ia; total, S349, jS7,177. Besides these
lie credits the War Department with $780,
9,Ol2; the NAVY with So, 256, 193; the In.
terror do, S3,360,960, closing with miscel-
laneous and repayments, $27,777,77O, and
swelling the aggregate receipts into the
Treasury during the year Except from
loans) to $404, 680,533 Most Of these lat
ter items are made up from the proceeds o.
arms and other pubic property sold, and
properly from no portion Of the regular
yearly income. IL these sales were separ-
ated and subtracted, the actual receipts
from current sources would range above
$4,000 900, or double the expenditures
exception the national Indebtedness.