Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-12-11
Monetary ana commercial.

We have MOI new feature to note in our money mar.
ket Eastern Exchange still continues scarce and
nands rates varying from to per cent. The banks
are buying bills upon any point based upon actual
shipments of produce or to enable dealers to make
purchases and ship. By this means dealers can
readily to market the cotton wheat, hogs, &c.,
which our farmers wish to sell.
It appears that the East Tennessee and Virginia
Railroad Company failed to pay the intere $780,
OOOoftheir bonds endorsed by the State which fell due
the LIST of November. DR.. Cunning ham, the Presi
dent of the Company, gives this explanation of the
failure in aletter TO Gov Harris dated at BountVile
Nov. %, 1857.
On the Ist inst the interest on 5000 000 endorsed
Bonds, of the East Tennessee and Virginia Railroad
Compauyffell due. We had arranged to meet it as
follows viz So 400 in cash, and Post Office draft
The latter was not paid because the power of At
torney to draw il and receipt in my name, was not
sttested by Notary Public. 1t was returned and
amended and sent back again, and, will undoubt-
eddy be paid. We likewise purchased draft on the
Nassau Bank New York. of the cambridge Bank, for
$780, but it would no. be taken and We have writ
for it to be returned, which readily be sold
here, aud money will be raised TO meet Mr.. Inman's
Coupons, which is ont-half the whole amount leav-
ing more than sufficient New York for the balance.
Our Board has been in session for several days,
and tomorrow is annual election, it would all
have been met. But l wrote Inman the circumstan-
ces. snd begged him TO hold on for short time,
which feel he will do until get time to see
him.
In letter tG the State Directors, DR.. Cunningham
says this is the only interest State endorsed
bonds that is due and unsettled"
The amount of specie received at the ports ofNeW
York, Boston and New Orleans, during the month of
during the same month, from New York and Boston
amounted to 81, S29,9lO. The receipts during Octo-
Der at New Orleans, Boston, and New York were
81, 451 1876. The New York Tribune of the 4th, says
Of gold going out of the country:
There is an active demand for gold in preparation
for the shipments Of Saturday and Wednesday, and
the rate of premium is firm. The aggregate of the
two shipments promises at present rather TO exceed
than fall short of s. 900, 600.
The Cincinnati Commercial of the 18th says:
Flour is arriving quite freely and is dull, at 81
for superhne There is none shipping East, but
good deal to New Orleans, which is the only out
let now. Hogs are unchanged, and the market firm,
because the market is relieved of the great bulk of
the receipts by outside dealers and Drovers chiefly
from kentucky, who operating extensively, at
$5(95 10 for good Hogs. The faith Of these men
in higher prices is decidedly active one. Pack
ers and regular dealers keep decidedly cool, and
Eoem TO think the current rates far too high, and
the market, in the legitimate line must be called
dull.
The advices from the interior continue to report
an unsettled Pork Market Packers holding back,
and owners Contendng for full rates and still feed
ing their Hogs anxious to their corn in this
way, suppOsng it TO be the best disposition they
could made of it.
Throughout the interior of Indiana and Illinois,
Corn is offered freely, at lO9l5 cents per bush
Ell.
The Louisville Courier Of the 9TH says:
The prevailing warm weather has continued to
somewhat depress the hog market, as well as to
suspend the slaughter. Prices, however, pretty
firm, with buyers at sc. net. The packers pens are
all well filed, the receipts and the slaughter thus
far this season, around the falls, being full 10000
hogs
At Canton, Trigg county, the number Of hogs
killed is very small and buyers were offering but
&c. net, while farmers are asking &C. net.
Nashville Market, Dec. 10.
Business has been pretty much brought to ga
stand stilI' by the heavy rains and high waters.
There is very little produce arriving, and change
to note In prices
CorroS continues depressed, the offerings being
10slOt, while planters are holding back for better
prices.
WHEAT AND Flour remaining at former quota
lions 75aSO and SOa85c being the outside figures for
Red and White Wheat.
SUGAR AND MoLAssEs-Every arrival from New
Orleans brings additional supplies Of Sugar and
Molasses but prices continue at former quotations;
say Sag for the former and 85aS7 for the latter.
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