Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-12-18

nTone1arr and oon.merclaI.

monetary and commercial
The New York Essniag Posi-. Of the I1th instant,
says the money market presents no striking features
of returning animation. Theprivate discount houses
continue to speak of great scarcity Of prime pa.
per- such as is sufficiently high in public confidence
as to go at 10@l2 per cent. The Post saws:
''The loans by the banks this week, we under
stand, VIII not vary materially from last weeks az
gregate. The specie strength it is believed, win
not differ essentially from the heavy sum on hand
last Saturday, the domestic exchanges are all in
favor Of this point, and the gold is pouring in from
the West in large quantities. We learn Of bank
receiving within a day two nearly half million
IN one parcel. Should this influx continue at this
rate during the next days. it will nearly coun-
ierbalance foreign shipments, and some well-in
formed parties are Of the opinion that the bank
statement of the 2lst instant will present specie
average as high as twenty four millions.
eve have also another California steamer nearly
due, with a million and half in gold. Together
with this, we, with pleasure, notice the active move
ment Of the crops towards the seaboard, which IS
relieving our merch0nts of much embarrassment,
and placing others who were before strong, IN
much more comfortable position. This combination
Of circumstances is having very sauary effect in
Wall street, and confidence is gradually returning
The New York stock market is reported as having
again relapsed into an extremely languid state,
though a sale of 81, 900 Tennessee Bonds was made
at SAL being an advance of &c on the sales of the
previous day.
1t is iRtimated, says the New York Epsniag Post,
that the assistance which has been extended by the
Bank of England, to many private bankers there,
was on the hypOthecadon principally of American
State and Railroad stocks If this be true, and to
any considerable extent should go far to alay the
apprehension of large return of our securities,
which at one time seemed very probable. 1t may be
inferred, from the fact that our stocks have been
sustained abroad with so much steadness, that an
ABSORPTION Of this kind must have been going On.
The New Orleans Price Current of the 9th says:
The week has opened with tendency to lower
prices in all our leading stapes. Cotton has been
further depressed by unfayorable European advices
and Sugar and Molssses have again given way, not
Withstanding the unfavorabe character of the wealth
er for the crop. We also notice unsettled market
and lower prices for most articles of Western Pro-
duce.
The receipts Of Cotton at this port since LIST Sep
TENDER, Exclusive of the arrivals from Mobile Flor
ida and Texas) 457, 617 bales, against 610193
bales to same date last year; and the decrease in
the receipts at all the ports, up to the latest dates
compared with last year is 33l ,5S2 bales. In the
exports from the United States to foreign countries
compared with the dates last year, there is
an increase of &C. $50 bales tC Great Britain, and
decrease of &c. 435 France, and of 9S8 to Other
Foreign ports.
decline Of Ba4c in prices is reported, the COM