Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-11-20
GOVERNMENT sECURI
LOCAL sTOCKs AND BONDs.

Tennessee bonds we're quoted in New
York at,74s which would make them COM
mand about IA here. The past due Ten
nessee bonds are worth about 60 and the
coupons 53c in the dollar.
State warrants are quite dull at Sec.
Country and city bonds are very quiet
with very few on the market and scarcely
any demand.
For rates more fully we refer to quota
tons given elsewhere as furnished by the
National Savings Company, corner Union
and College streets.
FINANCIAL MATTERS.
The New York Bulletin says, Nov. 16:
''In Wall street the general feeling is one of
depre sion, the disappointment being great
at the failure of the Treasury to redeem its
promises early in the week. Mr.. Boutw ell,
who is understood to be an aspirsnt fer
Senator Wilson's seat in the Senate, seems
to be between two fires. He wishes to
please Boston, which does not want green
back imitation, because the price of every
thing which it has to buy TO rastock the
city would advance, and at the same time
he wishes TO please the Wall street friends
OF the President who do want more
increase Of the legal tender circulation.
tive men throughout the country, do not
want any further imitation. They all think,
however, that the Secretary might have
used his currency balance this week in
buying more bonds and in selling moro
gold, and allowing the currency payments
of the same to remain in the banks. As it
has been his policy to pursue this course
on former occasions, he is blamed now for
fiy,fV
Is that he is not the man in when any dis
cretionary powers should be vested, as he
seems to have little power discrimination
as to when the great power OF the Treasury
should be used"
The Cincinnati Gazette says, Nov. Is:
"The effect of the partial suspension Of bus
mess in our general merchandise markets
is reported in monetary circles with consid-
cradle of a serious aspect, coming, as it
does, at season of the year when the most
active demand for money usually exists,
because, in addition TO other interests, the
pork packers now draw upon the means of
the banks for funds TO purchase and pack
hogs. The inability to ship produce aud
manufactures clogs the wheels of commerce
and reduces the ability of merchants to
meet their obligations without borrowing,
SO that they lean more heavily upon
banks, while a considerable part
of the money which has been invested
in mercantile paper during the
summer and autumn is being diverted to the
use of the pork packing interest. A part of
the money paid out for hogs goes to the
credit of country banks, but only to be coon
withdrawn to make further purchases, an d
it will probably be several weeks before
it will return through the regular channel
of trate to any considerable amount, and
meanwhile we cannot expecs other than
string Mt money market. Saturday the
market was more stringent than on any
previous day of the season. The banks did
what they could to supply the wants of
depositors, bat their ability was not equal
to their disposition, aud an increased
amount good business paper was thrown
upon the open market"
The New York Bulletin gives the follow
ing statement Of the gross earnings OF lead