Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-03-28
COMMERCIAL
netaryand Commercial.

Monetary and Commercial.
The New York Express in its money article says:
"There is more paper making, but it is readily
absorbed at the prevailing low quotations. much
more cheerful feeling prevails in business circles
and it is only inveterate croakers who do not con-
cede that very fair, safe, and profitable business
will be done this Spring The hotels fast filling
and their OutOftown residents are well prepared to
buy goods Of jobbers."
The Boston Post of recent date thus speaks of
money in that city:
"The bank loans keep Upprstty well, and asthess
institutions are and have been earning round divi-
dends they well satisfied TO invest their extra
ordinary in specie and stick to the Oldfash-
Toned rates Of to per cent, as long as possible
The entire losses Of our banks by the recent panic
are variously estimated, at from to two per cent
Of the whole eapital-say from S3s0,0O0 to $780,
OOO."
The Philadelphia money market has undergone
no change-capital being abundant and easy Of &C.
cess, with the right sort of security, at COZ per
cent. Business is slowly reviving and about all the
good paper offering is absorbed by the banks.
In Baltimore business paper is gradually iucreas-
ing, most Of which meets negotiation in bank Such
notes as find their way to the street are taken, first
class, at lO911 and u per cent discount But lit
tie demand for second class, and rates are irreEu-
lar, ranging from 2@,8 per cent. month. Money
on call 699 per cent per annum, and easily obtain
ed on satisfactory collateral
The St. Louis Democrat quotes exchange on the
East dull, and selling at J per cent premium for
gold, and for Missouri paper. The Democrat says
the demand for money continues large and accom-.
mOdatiOns still pretty liberal at the regular in
situations at the usual rates Of interest Private
concerns and shavers on the streets have as much as
they can do of good paper at II to per cent. per
month. Illinois and Wisconsin currency at I462
per cent. discount, Ohio, Indiana and Kentucky at
4@3 z cent discount, Tennessee Z to Is y cent,
Missouri J 2 cent.
The New York Tines says Of the Bank Of England
returns received by the last steamer:
''The Bank return, as anticipated, does show the
enormous sum of S56, $50 900 Of notes UNEMPLOYED
while the discounts are reduced from $3.50 600 OOO
they stood during the late crisis to SIS $50 900
scarcely equal to the Bullion lodged in the Issue
Department, which stands S88 085, OOO-being With
in $4,000 of the previous weekly return, with 81,
10000 known to be near at hand from Australia
In the open market discounts ars quoted BY some Of
the private letters by this mail as low as q cent
Stocks, and general pause in the dealings of the
Stock exchange is noted"
The Cincinnati Enquirer, Of the z4th says:
Business has been more active the past week. and
money is more in demand. The supply Of currency
hasrun down considerably, and the discount houses
have reduced their loans. The monetary market has
been rather close, and all borrowers Of an inferior
class have been hard pressed. MOneyis only abun-
dant for undoubted securities but scarce for almost
any other kind We quote, as before the rates for
good pOper, at the discount houses at lOG7I2 and
in outside circles at l59l8 per cent per annum.-
Certain grades Of fair paper have ruled as high as
per cent per month, and rule at that figure still.
The Commercial of the same date says:
Rates of exchange are unaltered, with good de.
mand for Eastern, which was freely met bv the
bankers and sales of round lots we're made by them
at prem. New Orleans is dull.
In the general Produce markets there is not much
change Flour continues dull and prices depressed.
There was more frmness in the Provision market as
regards Mess Pork and bulk and Bacon Sides, and
prices ruled shade higher, though the business
done was only moderate. A good demand for Clio
yer Seed, with 100 bbls at 81 1904 IS for prime.
A Tennessee drOver authorizes the Augusta Cas-
sutiOHaLs TO say that the price for smooth fat cat
lie, in this MARKET is cents and for shOats cents
lie says that he offered cents if he would con
tract TO deliver good beeVes snd shoats in this mar
ket between the 18th and goth April.
Nashville Market, March 90,
CoTToN.-Therei is not much animation in the mar
ket though the receipts still continue pretty large,
especially for the season. We heard of but few
transactions up to to-day and they were at 81
aloe Yesterday sale Of a few bales choice was
made at lOI.
At New Orleans, Mobile, Charleston and savan-
nah, fer the week ending March lSth the receipts
Of Cotton were SO, Gil bales against Al ,54S bales
during the same week last year The increase in
receipts at these ports for the week is AZ 068 bales
Statements from Florida, Texas, Virginia and n.
Carolina to the end Of that week have not reached
US. The total increase will probably be about So
600 bales.
ToBAOOO.-Messrs. Fisher, Wheless Co., sold
twelve hOgsheads of Tobacco this mornings CO.
AIS, $50, $780, 6.85, go, 9 O5, 9.85, 7.45, sos,
8.65 Loose is selling at 83a5; choice lot brought
81 this morning. Thereoeipts Of priced are large,
while loose OOmesin rather sParingly.
PRovIsIoNs-Bacon is in rather better request,
and we advance our quotations to SaSf for hog round
Lard in Q l shipping packages readily commands
9a9&o, which is an advance on last weeks prices
GRoCEREs.-Ths stock of Groceries on the mar
ket is ample to meet the demand, and trade con-
tinues very brisk. We quote Sugar at 7asIc, Mo-
leases 35a4O, and Coffee l24sl34.
H. T. Lonsdale, Son Co, Coffee Brokers st New
Orleans in their weekly Coffee statement dated 18th
March, state that the stock on hand in that city, in
first hands, is 1,5OO in second hands, l,417; and
held by dealers and large grocers, $780, il all 1917
sacks-While at the same time last year there was a
stock Of r. 719 sacks without estimating the guam
tity in the hands Of small dealers and large grocers
The price on the 18th were for fair to good fair la
III, and prime u cents.
White Elder, Coffee Bro ers, Baltimore, on the
goth inst reported the stock in that city at 900
bags. They quote prime Rio at 114alll, and low
grades from 81 to lot eeats.
The Cotton Markets.
CHARLESTON, March 25-The market is unohang-
3D. and prices firm and full Sales to-day 1900 bales
extreme rate, l25 cents.
AUGUSTA, March 26-Sales this morning about |
300 bales, at very full prices. Middlng fair to |
air, 1lBall4.
sAvAEgAH, March 24-Ths telegraphic accounts |
rom New Orleans, reporting that market frmer, /
las had q favorable influence upon our market and /
made holders Indifferent about selling without full
,rices we're obtained. The demand has been brisker
han we have noticed for several days. and closes
rm, with a brisk feeling in favor Of buyers The
letter grades in the best demand, and sell the east
ct. The sales Of the day foot 1900 bales at range
f 10sal2e.
Notice,
Ii persons having claims against the estate Of John Dur.
Te deceased, hereby notified als Them viii he